Fund news from Vanguard, RBC

By Staff | June 25, 2018 | Last updated on June 25, 2018
2 min read

Vanguard Investments Canada Inc. has introduced its first suite of actively managed mutual funds in Canada, which are globally diversified and low cost. The mutual funds feature global investment strategies and complement the firm’s lineup of 36 ETFs.

The maximum management fee for each mutual fund will be 0.50%, and the fee will vary up to that maximum amount based on investment performance. Funds and fees are shown in the table below.

Mutual fund Maximum management fee* First-year management fee*
Vanguard Global Balanced Fund 0.50% 0.38%
Vanguard Global Dividend Fund 0.50% 0.34%
Vanguard Windsor U.S. Value Fund 0.50% 0.35%
Vanguard International Growth Fund 0.50% 0.40%

*The management fee is equal to the fee paid by the Vanguard fund to Vanguard Investments Canada Inc., and doesn’t include applicable taxes or other fees and fund expenses.


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RBC GAM changes risk ratings

RBC Global Asset Management Inc. has made changes to the risk ratings of two of its mutual funds. Changes will be reflected in the renewal of the funds’ simplified prospectuses and will be effective June 28.

Funds Current New
RBC Retirement 2050 Portfolio Low Low to medium
Phillips, Hager & North LifeTime 2015 Fund Low Low to medium

Changes are based on the methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds, and are the result of an annual review—not a result of any changes to the investment objectives, strategies or management of the funds.

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The staff of have been covering news for financial advisors since 1998.