RBC Global Asset Management announces the launch of new Class R6 shares

MINNEAPOLIS, Nov. 23, 2016 /PRNewswire/ - RBC Global Asset Management (U.S.) Inc. (RBC GAM) today announced the launch of new Class R6 shares across six mutual funds.

Class R6 shares are intended to provide a greater level of fee transparency to investors in the retirement plan marketplace, particularly compared to Institutional share classes.

"It is likely that most defined contribution plans will eventually move to the Class R6 share structure and as such, we are pleased to offer institutional pricing within a registered investment vehicle," said Matthew Appelstein, head of sales and distribution for RBC GAM. "Providing low cost options and transparency is top of mind for our clients and this addition reflects RBC Global Asset Management's continued commitment to providing for them and their retirement needs."

The Class R6 shares will not pay any form of intermediary compensation, such as shareholder servicing or sub-transfer agency fees for services provided to the accounts (in the defined contribution channel, these fees are commonly referred to as "revenue sharing").

The information for the new Class R6 shares is listed below.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $295 billion USD and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

Before investing, you should consider carefully a fund's investment objectives, risks, charges, and expenses. This information is in the prospectus, which you can request by visiting by visiting https://us.rbcgam.com/mutual-funds or calling 800-422-2766. Please read the prospectus carefully before investing.

RBC Global Asset Management (U.S.) Inc. is the adviser for the RBC Funds. The Emerging Markets Equity, Global Opportunities, and International Opportunities Funds are sub-advised by RBC Global Asset Management (UK) Limited, a wholly owned subsidiary of RBC. The RBC Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.

Mutual fund investing involves risk. Principal loss is possible.

Not FDIC Insured. No Bank Guarantee. May Lose Value.

SOURCE RBC Global Asset Management (U.S.)