RBC Insurance has reduced management fees by 20 basis points on seven of its balanced segregated funds. The changes are effective June 5, 2017, and are available to all new and existing clients with no restrictions.

RBC GIF

Invest series

RBC GIF

series 1

RBC GIF

series 2

MER before 
fee 
reduction 
(%) MER after fee 
reduction 
(%) MER 
before 
fee 
reduction 
(%) MER after fee 
reduction 
(%) MER before fee 
reduction 
(%) MER after fee 
reduction 
(%)
RBC Balanced GIF 2.48 2.25 2.79 2.57 2.97 2.74
RBC Conservative Growth & Income GIF 2.20 1.99 2.46 2.24 2.61 2.38
RBC Balanced Growth & Income GIF 2.41 2.20 2.60 2.39 2.80 2.59
RBC PH&N Monthly Income GIF 2.37 2.15 2.76 2.54 2.88 2.66
RBC Global Balanced GIF 2.48 2.25 2.72 2.51 2.84 2.62
RBC Select Conservative GIP 2.26 2.04 2.64 2.42 2.83 2.61
RBC Select Balanced GIP 2.41 2.19 2.70 2.48 2.89 2.67

Note: The 2016 MERs before fee reduction are the actual MERs for the year ended December 31, 2016. The 2016 MERs after fee reduction recalculate the 2016 MERs as if the new management fee percentages had been in effect throughout 2016. The MERs for 2017 are expected to be between the 2016 MERs before fee reduction and 2016 MERs after fee reduction, since the reduced management fee percentages will take effect partway into 2017.