RBC GAM makes changes to fund risk ratings

RBC Global Asset Management has made changes to the risk rating of certain mutual funds. These changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective June 30, 2017.

The changes are based on the new methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds. These changes are also the result of an annual review and aren’t a result of any changes to the investment objectives, strategies or management of the funds.

Risk rating increases

Funds	Current	New
RBC $U.S. Investment Grade Corporate Bond Fund	Low	Low to medium
BlueBay European High Yield Bond Fund (Canada)	Low to medium	Medium
Phillips, Hager & North Long Inflation-linked Bond Fund	Low to medium	Medium
Phillips, Hager & North Vintage Fund	Medium	Medium to high
Phillips, Hager & North Currency-Hedged U.S. Equity Fund	Medium	Medium to high
RBC O’Shaughnessy U.S. Value Fund	Medium	Medium to high
RBC Private U.S. Large-Cap Value Equity Currency Neutral Pool	Medium	Medium to high
RBC U.S. Mid-Cap Growth Equity Currency Neutral Fund	Medium	Medium to high
RBC European Mid-Cap Equity Fund	Medium	Medium to high

Risk rating decreases

Funds	Current	New
RBC Strategic Income Bond Fund	Low to medium	Low
Phillips, Hager & North High Yield Bond Fund	Low to medium	Low
RBC Managed Payout Solution	Low to medium	Low
RBC Managed Payout Solution – Enhanced	Low to medium	Low
RBC Monthly Income Fund	Low to medium	Low
RBC Conservative Growth & Income Fund	Low to medium	Low
RBC Retirement Income Solution	Low to medium	Low
RBC Retirement 2020 Portfolio	Low to medium	Low
RBC Retirement 2050 Portfolio	Low to medium	Low
RBC Select Very Conservative Portfolio	Low to medium	Low
RBC Select Conservative Portfolio	Low to medium	Low
RBC Select Choices Conservative Portfolio	Low to medium	Low
Phillips, Hager & North LifeTime 2015 Fund	Low to medium	Low
RBC Emerging Markets Bond Fund	Medium	Low to medium
RBC Emerging Markets Bond Fund (CAD Hedged)	Medium	Low to medium
BlueBay Global Monthly Income Bond Fund	Medium	Low to medium
BlueBay Emerging Markets Corporate Bond Fund	Medium	Low to medium
BlueBay Global Convertible Bond Fund (Canada)	Medium	Low to medium
BlueBay $U.S. Global Convertible Bond Fund (Canada)	Medium	Low to medium
Phillips, Hager & North LifeTime 2035 Fund	Medium	Low to Medium
Phillips, Hager & North LifeTime 2040 Fund	Medium	Low to Medium
Phillips, Hager & North LifeTime 2045 Fund	Medium	Low to Medium
Phillips, Hager & North LifeTime 2050 Fund	Medium	Low to Medium
RBC QUBE Low Volatility Canadian Equity Fund	Medium	Low to medium
RBC Private Canadian Dividend Pool	Medium	Low to medium
RBC North American Value Fund	Medium	Low to medium
RBC QUBE Low Volatility U.S. Equity Fund	Medium	Low to medium
RBC QUBE Low Volatility Global Equity Fund	Medium	Low to medium
RBC QUBE Low Volatility All Country World Equity Fund	Medium	Low to medium
RBC Private World Equity Pool	Medium	Low to medium
RBC O’Shaughnessy All-Canadian Equity Fund	Medium to high	Medium
RBC Private Canadian Mid-Cap Equity Pool	Medium to high	Medium
RBC North American Growth Fund	Medium to high	Medium
RBC Private U.S. Small-Cap Equity Pool	Medium to high	Medium
RBC Asian Equity Fund	Medium to high	Medium
RBC Japanese Equity Fund	Medium to high	Medium
RBC Life Science and Technology Fund	High	Medium
RBC Emerging Markets Multi-Strategy Equity Fund	High	Medium to high
RBC Emerging Markets Dividend Fund	High	Medium to high
RBC Emerging Markets Equity Fund	High	Medium to high
RBC Emerging Markets Small-Cap Equity Fund	High	Medium to high
RBC Global Technology Fund	High	Medium to high

Staff

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

Risk rating increases

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