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Royal Bank of Canada (RY on TSX and NYSE) today announced that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BD (the "Series BD shares") on May 24, 2020. Clients opening a personal chequing account in branch now have more secure identity verification, stronger fraud protection, and a faster account opening experience with the ability to scan government IDs or tap Passports... RBC today released its 2019 Environmental, Social and Governance (ESG) Performance Report, Task Force on Climate-related Financial Disclosures (TCFD) Report and Public Accountability Statement (PAS) - complementary documents to RBC’s annual report to shareholders.... Royal Bank of Canada (the Bank) ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) have approved its normal course issuer bid to purchase, for cancellation, up to 20,000,000 of its common shares.... As a majority of Canadians (74%) continue to worry about their savings and how to balance immediate financial priorities against long-term needs, they are increasingly struggling to bridge a savings gap.... Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of three cents, or three per cent, to $1.08 per share,... For the fourth consecutive year, RBC has been selected for the 2020 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women... Canadian investors are increasingly looking to build responsible investment portfolios, but they are not sure how to start and are relying on their financial advisors for guidance, according to a recent survey of Canadian retail investors by RBC Global Asset Management Inc.... While Canadian Olympians prepare to take the world's biggest sporting stage at the Olympic Games in Tokyo, RBC Training Ground will once again be searching the country for the next generation of Olympic talent.... According to a study from RBC Wealth Management, Canada sits squarely in the middle of the pack among 15 high and middle income countries in opportunities for its citizens to create wealth. RBC Direct Investing today announced that real-time streaming quotes on Canadian and U. stocks and exchange-traded funds (ETFs) are being provided to all clients at no charge, effective immediately.... Royal Bank of Canada (RY on TSX and NYSE) today announced an offering of $XX billion of non-viability contingent capital (NVCC) subordinated debentures ("the Notes") through its Canadian Medium Term Note Program.... To help business students prepare for careers in financial institutions increasingly focused on sustainability, the RBC Foundation has made a $75,000 gift to the Sustainable Finance Project at the University of Toronto’s Rotman School of Management... Royal Bank of Canada (RY on TSX and NYSE) today announced it has entered into definitive agreements to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. Royal Bank of Canada (RY on TSX and NYSE) today reported record net income of $12,871 million for the year ended October 31, 2019, up $440 million or 4% from the prior year, with diluted EPS growth of 5%. Today, Youthful Cities welcomes 60 young leaders to Edmonton for a first of its kind summit on the future of urban work. The summit delegates hail from 16 cities across Canada, including 20 young leaders from the host city - Edmonton.... In a continued effort to take its research beyond banking, Borealis AI announced a new collaboration with Mila - Quebec Artificial Intelligence Institute to support an artificial intelligence (AI) research project on climate change.... To help young Canadians prepare for the future of work, RBC Future Launch and Riipen have partnered to provide students with the opportunity to develop the skills and gain the work experience they need for the jobs of tomorrow.... Women of Influence announces the 2019 RBC Canadian Women Entrepreneur Awards finalists. This was a record-breaking year for the program with over 9,000 nominations from across the country. After an intensive judging review, 18 finalists were selected across six legacy award categories. An additional five recipients were chosen to receive the Ones to Watch Award, which recognizes entrepreneurs who have launched businesses that have made an incredible impact in fewer than three years.... RBC ranked #3 in the global "Top 25 Most Diverse & Inclusive Companies" in the 2019 Refinitiv Diversity & Inclusion Index. The D&I Index ranks over 7,000 listed companies with environmental, social and governance (ESG) data, based on a composite of metrics collected from publicly available information sources that define diverse and inclusive workplaces.... Rod Bolger, Chief Financial Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the 2019 Barclays Global Financial Services Conference in New York City on September 11, 2019 at a.m. Dave Mc Kay, President and Chief Executive Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the Scotiabank Financials Summit in Toronto on September 4, 2019 at a.m. Royal Bank of Canada (RY on TSX and NYSE) today announced that Doug Mc Gregor, Group Head, RBC Capital Markets and RBC Investor & Treasury Services, will retire on January 31, 2020 after 37 years at the bank... Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $3,263 million for the quarter ended July 31, 2019, up $154 million or 5% from the prior year, with solid diluted EPS growth of 6%. Royal Bank of Canada (RY on TSX and NYSE) today announced the applicable dividend rates for its Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB (the "Series BB shares") and NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BC (the "Series BC shares").... Royal Bank of Canada (RY on TSX and NYSE) today announced that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB (the “Series BB shares”) on August 24, 2019.... Royal Bank of Canada (RY on TSX and NYSE) today announced an offering of $1.5 billion of non-viability contingent capital (NVCC) subordinated debentures (“the Notes”) through its Canadian Medium Term Note Program.... Today, RBC announces the acquisition of Way Pay, a cloud-based payments fintech from Burlington, Ontario that offers business clients a best-in-class solution for accounts payable automation and payment optimization. The Royal Bank of Canada ("RBC") has partnered with more than 200 major companies in signing a "friend of the court" brief filed in a trio of landmark cases coming before the U. Supreme Court that could determine whether LGBT people are protected from discrimination under existing federal civil rights laws... Tight airport security and flight delays can definitely be a downside to air travel, but the biggest pet peeve for over a quarter (27 per cent) of Canadians is bad travel etiquette, according to a recent RBC Insurance survey. Royal Bank of Canada (RY on TSX and NYSE) today announced the applicable dividend rates for its Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ (the "Series AZ shares") and NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BA (the "Series BA shares").... Royal Bank of Canada (RY on TSX and NYSE) today announced that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ (the “Series AZ shares”) on May 24, 2019. After three years of deteriorating housing affordability in Canada, a measure of relief arrived for prospective home owners, according to the latest RBC Economics Housing Trends and Affordability Report.... Today, RBC i Shares expanded its exchange traded fund ("ETF") lineup with the launch of the i Shares Sustainable Core ETFs, a suite of six ETFs that are expected to begin trading on the Toronto Stock Exchange today; The new funds will be managed by Black Rock Asset Management Canada Limited ("Black Rock Canada"), an indirect wholly-owned subsidiary of Black Rock, Inc.... RBCx Music, in partnership with Golf Canada, is pleased to announce a new concert series, featuring Grammy-nominated and internationally acclaimed duo, Florida Georgia Line (FGL), and JUNO award winners and homegrown rock band, The Glorious Sons, taking place at the 2019 RBC Canadian Open.... Royal Bank of Canada (the Bank) ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) have approved its normal course issuer bid to purchase, for cancellation, up to 20,000,000 of its common shares.... Dave Mc Kay, President and Chief Executive Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the RBC Capital Markets Financial Institutions Conference on March 12, 2019, from a.m. Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of four cents, or four per cent, to $1.02 per share, payable on and after May 24, 2019, ... Canadian defined benefit pension plans ended 2018 in negative territory, with an annual return of -0.7 per cent, reversing gains from the previous three quarters this year, according to the RBC Investor & Treasury Services All Plan Universe. To fill the gap and allow clients time off to support a terminally ill or injured child or spouse, RBC Insurance is the first in the industry to launch the Family Compassionate Care Rider as an option for select disability plans... Today, RBC and the Academy of Canadian Cinema & Television (The Canadian Academy) announced the nine grant recipients of a new initiative called the MVP Project, which provides funding and networking support to musicians and filmmakers for music video creation and production.... Today, RBC welcomed its newest Team RBC golf brand ambassadors: Corey Conners, Brittany Marchand, Ben Silverman and Roger Sloan. These four Canadians join an elite roster of players, including Canadians Adam Hadwin, Brooke Henderson and Alena Sharp.... Canadians who are sitting on the sidelines - unsure how to invest or what to invest in - today have a new digital investment advice service to help them build their financial futures: RBC Invest Ease.... Canadian defined benefit pension plans posted a slim uptick in Q3 2018, returning 0.1 per cent, down from Q2 returns of 2.2 per cent, according to the RBC Investor & Treasury Services All Plan Universe... Royal Bank of Canada today announced that as a result of strong investor demand for its previously announced domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BO, the size of the offering has been increased to 14 million shares.... City National Bank today announced that after 23 years as Chairman and CEO, Russell Goldsmith will be succeeded as the company’s CEO by Kelly Coffey and that Goldsmith will continue to serve as its Chairman.... Royal Bank of Canada to redeem Non-Cumulative First Preferred Shares Series AD, Non-Cumulative Floating Rate First Preferred Shares Series AK and Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AJ & ALRoyal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all of its issued and outstanding Non-Cumulative First Preferred Shares Series AD (the "Series AD shares") on November 24, 2018, ... As part of the celebrations for next February's Black History Month, the Royal Bank of Canada today announced a call for submissions for the 10th Annual RBC Black History Month Student Essay Competition.... At the official opening of the Borealis AI Montréal lab today, Dave Mc Kay, President & CEO of RBC, announced the RBC Foundation will donate $1 million over the next three years to the Canadian Institute for Advanced Research (CIFAR).... Ninety percent of institutional investors believe environmental, social and governance (ESG) integrated portfolios are likely to perform as well or better than non-ESG integrated portfolios, according to a new global survey by RBC Global Asset Management (RBC GAM).... Entrepreneurial spirit is alive and well in Canada with more than half (54 per cent) of Canadians saying they have thought about owning their own business according to the 2018 RBC Small Business Poll. Of those who have considered owning a business, 56 per cent are already putting their entrepreneurial skills to use by making money from their passion project (28 per cent), taking on side jobs when they need money (20 per cent) and testing out a new business idea (8 per cent).... To help young Canadians prepare for the future of work, RBC Future Launch and Ten Thousand Coffees have partnered to increase access to alumni networking and mentoring for students at seven post-secondary institutions across Canada.... Rod Bolger, Chief Financial Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the 2018 Barclays Global Financial Services Conference in New York City on September 13, 2018 at a.m. Dave Mc Kay, President and Chief Executive Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the Scotiabank Financials Summit to be held in Toronto on September 5, 2018 at a.m. Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of four cents, or four per cent, to 98 cents per share, payable on and after November 23, 2018, to common shareholders of record at the close of business on October 25, 2018.... RBC has once again been named a constituent of the FTSE4Good Index, which measures the performance of companies demonstrating strong environmental, social and governance (ESG) practices. FTSE4Good indices are a standard used when creating or assessing responsible investment products.... Sixteen banks, UN Environment Finance Initiative (UNEP FI) and climate risk advisory firm, Acclimatise, today published new methodologies that help banks understand how the physical risks and opportunities of a changing climate might affect their loan portfolios.... The little bit of housing affordability relief that Canadian homebuyers enjoyed in late 2017 slipped away in the first quarter of 2018, according to the latest Housing Trends and Affordability Report... RBC is pleased to announce the release of the newest edition of A Chosen Journey: RBC Indigenous Partnership report. Celebrating its tenth anniversary, the report highlights a diverse range of success stories from within Indigenous communities across Canada,... The definition of legacy in Canada is shifting from value to values, as the next generation of high-net-worth1 Canadians increasingly prioritize the impact of their money throughout their lives and beyond.... RBC, across its Capital Markets and Investor & Treasury Services businesses, hosted its inaugural global RBC Trade for the Kids today, donating more than US$3 million to more than 40 of its major youth-focused charity partners... With a focus on driving innovation to deliver leading-edge solutions for its clients and support the Canadian innovation community, RBC is the first Canadian bank to launch an Application Programming Interface (API) developer portal.... RBC and Canadian Art issued the call for submissions to the 2018 RBC Canadian Painting Competition. To mark the 20th anniversary, the competition is awarding an additional grand prize: a residency at the renowned Banff Centre for the Arts, a global leader in the development and promotion of creative work in the arts.... Royal Bank of Canada (RY on TSX and NYSE) today announced it has filed its Notice of Annual Meeting of Common Shareholders and Management Proxy Circular for 2018 with securities regulators and is mailing the package to shareholders. Royal Bank of Canada (the Bank) ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) have approved its normal course issuer bid to purchase,... Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $3,012 million for the first quarter ended January 31, 2018, which includes the impact of the U. Tax Reform(1) of $178 million, or $0.12 per share, primarily related to the write-down of net deferred tax assets. Royal Bank of Canada (RY on TSX and NYSE) released today a proposed template of our Supplemental Financial Information package, reflecting the impact of the adoption of International Financial Reporting Standard 9, Financial Instruments (IFRS 9).... As Millennials move into their 30s, they share many of the same life goals as previous generations of Canadians; where they differ is in the challenge they face in financing those goals, according to RBC... RBC Wealth Management was honoured for the 11th consecutive year for best overall private banking services in Canada by its peers in the 2018 Euromoney Private Banking and Wealth Management Survey. Borealis AI, an RBC Institute for Research, is continuing to expand its artificial intelligence (AI) research team across Canada with the addition of Professor Pascal Poupart of the University of Waterloo and Professor Marcus Brubaker of York University. Royal Bank of Canada (RBC) ("RY" on TSX and NYSE) today announced the completion of its share repurchase program (the "Program"), as required by the conditions of the issuer bid exemption order issued to RBC by the Ontario Securities Commission on January 10, 2018... Rising home ownership costs in Vancouver, Toronto and Victoria pushed overall housing affordability in Canada to its worst level since the end of 1990 in the third quarter of 2017, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.... Dave Mc Kay, president and chief executive officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the RBC Capital Markets Canadian Bank CEO Conference on January 9, 2018, from a.m. Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors declared a quarterly common share dividend of 91 cents per share, payable on and after February 23, 2018, to common shareholders of record at the close of business on January 25, 2018... Royal Bank of Canada (RBC) has introduced My Business Dashboard, a tool that brings together key metrics from the best online software into a single view to help owners make faster and better decisions to manage and grow their businesses.... Canadian defined benefit pension plans, buoyed by rebounding Canadian equity returns, posted Q3 2017 returns of 0.4 per cent according to the $650 billion RBC Investor & Treasury Services All Plan Universe,... Georgia Regional Hospital, banning sexual orientation discrimination in the workplace.... RBC and City National Bank have partnered with more than 70 other companies to sign an amicus brief in support of U. Women of Influence today announced the finalists of the 2017 RBC Canadian Women Entrepreneur Awards program. A record breaking 6,400 women entrepreneurs from coast to coast were nominated for this year... Canadian employers overwhelmingly agree on the benefits of having a diverse workforce and an inclusive workplace, but only one in 10 strongly agree that they take advantage of those benefits, according to a new report out today from the Royal Bank of Canada and the Institute for Canadian Citizenship.... From their favourite local coffee shop, to the always-reliable neighbourhood handyman, Canadians are passionate about small and local businesses. In fact, according to the 2017 RBC Small Business poll, 88 per cent of Canadians will choose to support a local business when possible,... Today, RBC announced a funding commitment of US$300,000 to support organizations providing relief and humanitarian efforts for those affected by the devastating damage caused by Hurricane Irma in many Caribbean countries and the state of Florida in the U. At a time when a large percentage of the current financial advisor force is drawing closer to retirement, RBC Wealth Management - U. aims to attract new talent to the business with a new digital storytelling initiative that shines a spotlight on the role of financial advisors and what it takes to become part of the industry.... Rod Bolger, Chief Financial Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the 2017 Barclays Global Financial Services Conference in New York City on September 12, 2017 at a.m. Dave Mc Kay, President and Chief Executive Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the Scotiabank Financials Summit to be held in Toronto on September 6, 2017 at a.m. Walk the dog, make lunch, dash out the door to work, pay bills, buy groceries on the way home, binge-watch your favourite series, reset and start all over again tomorrow. Living in the moment doesn’t leave a lot of time for planning your future, or for trying to grow any savings to finance that future. (RBC GAM Inc.) today announced the launch of the RBC Vision Fossil Fuel Free Global Equity Fund. Imagine if money management and saving could be effortless, something that happened in the background while you were busy living your life? The Fund is part of the suite of RBC Vision™ Funds that were introduced earlier this year.... $25.00 per related depositary share), together with all declared and unpaid dividends. Royal Bank of Canada (RY on TSX and NYSE) today announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions (OSFI), to redeem all of its issued and outstanding Non-Cumulative First Preferred Shares Series AB (the “Series AB shares”) on September 27, 2017, for cash at a redemption price of CDN $25.00 per share, together with all declared and unpaid dividends. The NYSE-listed Series C-1 depositary shares, each of which represents a 1/40th interest in a Series C-1 share will be redeemed concurrently with the redemption of the Series C-1 shares.... Royal Bank of Canada also announced its intention, subject to the approval of OSFI, to redeem all of its issued and outstanding Non-Cumulative Perpetual First Preferred Shares Series C-1 (the “Series C-1 shares”) on November 13, 2017, for cash at a redemption price of U. Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $2,796 million for the third quarter ended July 31, 2017, down $99 million or 3% from a year ago. Excluding an after-tax gain of $235 million from the sale of our home and auto insurance manufacturing business in the prior year, net income was up $136 million or 5%( ). Results reflect strong earnings growth in Wealth Management, Insurance excluding the prior year gain on sale(1), and Investor & Treasury Services, as well as solid earnings in Personal & Commercial Banking. These factors were partially offset by lower results in Capital Markets primarily due to less favourable market conditions.... Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of four cents, or five per cent, to 91 cents per share, payable on and after November 24, 2017, to common shareholders of record at the close of business on October 26, 2017.... RBC, in collaboration with Trans Union, today introduced Credit View Dashboard to all online banking clients. With Credit View, clients see what credit products they have on file, their credit score, and a first for Canada - a digital simulator to help clients understand how credit works. Clients can simulate financial scenarios, like applying for a new credit card or mortgage, and by entering a few numbers and details, the credit score is recalculated based on these actions.... When it comes to post-secondary education, there are valuable life lessons - and financial lessons - to be learned outside the lecture hall. A recent poll conducted on behalf of RBCsup®/sup finds that students who receive less than one-quarter of their funding from parents feel more confident in their financial decision making and are more likely to make and stick to a budget compared to their peers who receive more financial support from their parents. Despite the boost in confidence, the road to confident money management is a lifelong journey and many post-secondary students would benefit from ongoing practice.... RBC Insurance has launched PATH, a new travel mobile app that provides travellers with the ability to view local clinics and hospitals based on their current location, or search for facilities in other locations and/or call experts directly for emergency medical assistance. Other features include up-to-date travel information, travel advisories and advice. The app is now available free in the Apple App store and for Android users on Google Play and can be easily found by searching RBC PATH... C., independent member of the company’s Board of Directors, who passed away on August 1, 2017. George of Calgary, Alberta was appointed to the RBC board in 2012 and was also formerly President and Chief Executive Officer of Suncor Energy Inc.... Royal Bank of Canada (RY on TSX and NYSE) extends its sincere condolences to the family of Mr. Who doesn't wish they had an assistant to pay their bills? Thanks to an update to the RBC Mobile app, Royal Bank of Canada ("RBC") personal banking clients are now the first in Canada who can ask Siri to pay their bills on i Phone and i Pad.... (RBC GAM Inc.) today announced that effective June 30, 2017, the funds within its two socially responsible investing (SRI) line-ups, PH&N Community Values Funds and RBC Jantzi Funds... Syria-born LGBTQ activist and emerging author, Ahmad Danny Ramadan has been named among the 9th annual RBC Top 25 Canadian Immigrants, along with doctors, artists, entrepreneurs and philanthropists. Presented by Canadian Immigrant magazine and sponsored by RBC Royal Bank, this annual awards program celebrates the achievements of inspiring Canadian immigrants.... Across the country, young Indigenous leaders are making a positive impact in their communities and businesses, as shown by the success stories featured in the latest edition of A Chosen Journey: RBC Aboriginal Partnership Report.... BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank and TD Bank Group are donating $500,000 to the Canadian Red Cross to support the devastating flooding in Québec, Ontario, BC and New Brunswick.... Toronto region's financial services employers are increasing their investment in young Canadians through a ground-breaking, sector-wide initiative to create 10,000 new work-integrated learning opportunities for post-secondary students by the end of 2020.... (RBC GAM Inc.) today announced March mutual fund net sales of $1.1 billion. ("RBC GAM Inc.") announced today a number of changes to certain RBC Funds and PH&N Funds, including mergers, fee reductions and proposed changes to investment objectives. Canadian Immigrant magazine has opened the online voting phase for its ninth annual RBC Top 25 Canadian Immigrant Awards. Long-term funds had net sales of $1.0 billion and money market funds had net sales of $99 million. This coveted award recognizes and celebrates the untold stories of Canadian immigrants who have made a significant contribution to Canada - all the more poignant this year as we celebrate Canada 150. The award program is proudly supported by title sponsor RBC Royal Bank. The public can now vote for up to three of their favourite finalists online at until May 22, 2017.... While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.... RBC is focused on achieving an inclusive workplace where all employees have equal opportunity to reach their full potential, and recognises that diversity and inclusion is not just a core value, it is also a business priority... Today, as Canada Water Week kicks off across the country, RBC released its 10th annual Canadian Water Attitudes Study-an in-depth examination of how Canadians think, feel, and act in regard to our fresh water. The story that has emerged is both complex and enlightening. On one hand, it confirms how much Canadians value our water and how integral our lakes and rivers are to our national identity; on the other, it reveals a troubling carelessness with a resource Canadians still consider unlimited in its abundance.... Royal Bank of Canada (RBC) ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) have approved its normal course issuer bid to purchase, for cancellation, up to 30,000,000 of its common shares.... Canada's leading banks and insurance companies today announced their intent to create a fund to invest up to $1 billion in Canadian businesses over the next decade to bolster growth and innovation.... Royal Bank of Canada today announced that Jennifer Tory, currently Group Head Personal & Commercial Bank (P&CB) will assume the role of Chief Administrative Officer (CAO). Neil Mc Laughlin, currently Executive Vice President, Business Financial Services, P&CB will become Group Head P&CB, replacing Ms. Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors declared an increase to its quarterly common share dividend of four cents per share, or five per cent, to 87 cents per share,... Canadian defined benefit pension plans closed out 2016 with an annual return of 6.8 per cent, up from 5.4 per cent in 2015, according to the $650 billion RBC Investor & Treasury Services All Plan Universe, the industry... For an outstanding 10th consecutive year, Royal Bank of Canada (RY on TSX and NYSE) captured top honours for private banking services in Canada in the 2017 Euromoney Private Banking and Wealth Management Survey. today announced January mutual fund net sales of $1.1 billion. In addition to this achievement, RBC received 14 first-place awards at the annual event. Long-term funds had net sales of $1.1 billion and money market funds had net redemptions of $23 million. Assets under management increased by 0.4 percent.... As Canada prepares to celebrate its 150th birthday, RBC asked high school students to reflect on the contribution of black Canadians over the past 150 years and what future generations can learn from them.... Royal Bank of Canada (RY on TSX and NYSE) (RBC) has been named ‘Best Trade Finance Provider in Canada’ for the fifth consecutive year by em Global Finance/em magazine. This award exemplifies RBC’s cross-platform collaboration and commitment to ensuring services, technology and global expertise that support clients’ international trade finance requirements.... Following recent investments in artificial intelligence (AI) and machine learning, RBC today announced Dr. Sutton, one of the modern day pioneers of AI, as head academic advisor to RBC Research...... today announced December mutual fund net sales of $874 million. Long-term funds had net sales of $883 million and money market funds had net redemptions of $8 million. Assets under management increased by 1.1 per cent.... Canadian Immigrant magazine is pleased to invite nominations for the ninth annual RBC Top 25 Canadian Immigrant Awards. The 2017 awards will be extra special this year as winners will be announced in time to celebrate Canada’s 150th birthday, a momentous occasion in the history of a nation built by immigrants.... Despite cooling home resale activity overall, housing affordability deteriorated further across all markets in Canada in the third quarter of 2016, according to the Housing Trends and Affordability Report issued today by RBC Economics Research.... (RBC GAM Inc.) today announced the launch of RBC Retirement Portfolios, a unique solution bringing over 30 years of asset allocation experience to help investors reach their retirement goals.... Dave Mc Kay, president and chief executive officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to speak at the RBC Capital Markets Canadian Bank CEO Conference on January 10, 2017, from a.m. RBC, in partnership with the Canadian Olympic Foundation (COF), Canadian Olympic Committee (COC) and CBC Sports, today introduced 25 young Canadian athletes, identified at RBC Training Ground events, who will now receive ongoing support through the program. RBC Wealth Management ("RBC"), part of Royal Bank of Canada (RY on TSX and NYSE), has won two industry accolades for its commitment to providing clients with premier wealth management capabilities and unparalleled customer service... ("RBC GAM Inc.") today announced that PH&N Short Term Bond & Mortgage Fund, PH&N Bond Fund and PH&N Community Values Bond Fund ("the Funds") will be closed to new investors effective Monday, July 4, 2016. Royal Bank of Canada ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange has approved its normal course issuer bid to purchase, for cancellation, up to 20 million of its common shares... Royal Bank of Canada ("RY" on TSX and NYSE) today announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions ("OSFI") and the Toronto Stock Exchange, to commence a normal course issuer bid through the facilities of the Toronto Stock Exchange ... Today, RBC announced a donation of $2 million to support families and communities affected by the wildfires and the recent economic downturn in Alberta, as part of its longstanding history of helping Canadians.... April data from the RBC PMI highlighted a sustained recovery in business conditions across the Canadian manufacturing sector, with growth of output, new orders and employment all accelerating since the previous month.... Canadian manufacturers indicated a positive end to the first quarter, with production and overall new orders returning to growth after a sustained period of decline, according to the latest RBC PMI survey.... Royal Bank of Canada (RY on TSX and NYSE) today announced that it has rescheduled its investor day, profiling its recently closed acquisition of City National Bank (City National), for Friday, June 17, 2016.... Overall business conditions across the manufacturing sector moved another step closer to stabilization in February, according to the latest RBC PMI survey, with output and new orders both continuing to fall at slower rates than those seen at the end of 2015. Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership... Royal Bank of Canada (RY on TSX and NYSE) ("RBC") today announced the final results for its previously announced tender offer to purchase for cash all of its issued and outstanding Depositary Shares... With the assistance of community organizations, a child receives health-related services, a single mother is able to provide regular meals for her family and an elderly person can live independently in their own home.... RBC Insurance announced today that it has signed a 15-year strategic agreement with Aviva Canada Inc., which will allow it to market and sell a full suite of property and casualty (P&C) insurance products to Canadians.... Funds with some key metrics, such as their net assets under management (in millions), 1-year return, 1-year return rank in primary category, expense ratio, and primary manager tenure. The lower the 1-year return rank in the primary category the better. The table also includes the 5-year and 10-year returns ranks. The table below illustrates valuable information regarding the primary fund manager for RBC Global Asset Management. You can use this table to compare the performance of the funds with the tenure of each manager. In this table you will find short term historical return data, including 1-year returns and 3-year returns on RBC Global Asset Management. The table also includes the 1-year and 3-year returns ranks. This table presents long term historical returns data for RBC Global Asset Management. The manager with the longest tenure in each fund is considered the primary manager. is a company that sells mutual funds with $26,261M in assets under management. The average expense ratio from all mutual funds is 0.69%. Royal bank mutual fund prices rbc mutual fund RBC Funds are offered by RBC Global Asset Management Inc. and sold by Royal Mutual Funds Inc. Royal Mutual Funds Inc. Royal Bank of Canada, RBC Global Asset Management Inc. Royal Trust Company and The Royal Trust Corporation of Canada are separate corporate entities that are affiliated. Prices & Performance. Mutual Funds. Fund Code Lookup; RBC Funds; PH&N Funds; BlueBay Funds;. Mutual Fund Basics; Developing an Investment Plan; Registered Investing; Fixed Income Investing;. RBC Funds Lux - Emerging Markets Multi-Strategy Equity Fund LU1760003175 B Acc USD-25.39-16.93-25.39 A mutual fund is a pool of investments in stocks, bonds or other securities funded by individual investors who own units of the fund. A mutual fund’s strategy may focus on a specific sector, region or asset class, or may invest in various asset classes. Because a mutual fund holds multiple investments, it provides a degree of diversification. Mutual funds are managed by portfolio managers who buy and sell the securities in the fund’s portfolio and monitor market conditions. Many funds are actively managed, meaning that the portfolio manager selects securities according to his or her investment philosophy and judgment in an attempt to outperform the market. Other funds, known as index funds, are passive investments that attempt to simply mirror a market index, such as the S&P/TSX Composite Index of Canadian stocks. In either case, the transaction and administration costs of the fund are spread among all of its investors. Mutual funds are not listed for continuous trading and pricing on a stock exchange. Instead, mutual fund companies sell their own shares (or units) to investors and buy back their shares when investors redeem them. New shares may be issued if investor demand exceeds redemptions. You may be aware that commission is paid when buying and selling stock since they are listed on a stock exchange. At RBC Direct Investing commissions do not apply for buying and selling mutual funds. It is important to note that most mutual funds charge a management expense ratio (MER). This cost should be considered when you are choosing a mutual fund to purchase. Most mutual funds require a minimum initial investment of $500 or $1,000. Subsequent investment amounts are often $50, $100 or $500. However, if you choose to enroll in the Automatic Investment Plan, these minimum amounts do not apply to the majority of funds. The value of a mutual fund varies from day to day, depending on the value of the investments it holds. When you buy or sell shares of a mutual fund, the price is based on its net asset value per share (NAVPS). Most mutual funds calculate their NAVPS daily, while others calculate their NAVPS weekly or monthly. The management expense ratio (MER) expresses a mutual fund’s annual fees and operating expenses as a percentage of the fund’s average net assets. Mutual funds typically pay a management fee (which includes sales commissions and payment to the portfolio manager) as well as administrative costs and other operating expenses. These fees are paid out of the fund before its return is calculated, so they are an indirect cost for investors. The MER is disclosed in the fund's prospectus and usually ranges from 1% to 3%. Some funds offer fixed MERs to make the cost of investing more predictable. This means that the MER does not change from year to year. Many investors highly value the professional management of mutual funds, and consider mutual funds a cost-efficient way to invest. However, in the long run, the accumulated cost of the MER can have a significant effect on your portfolio. Reducing the MER where possible can help to improve long-term portfolio performance. Keep in mind, however, that the quality of management differs from fund to fund. Evaluating a fund based solely on its MER will give you only part of the picture. Series D is a lower fee mutual fund purchase option that rewards do-it-yourself investors for making their own investing decisions. The funds are available from a variety of fund families and a range of asset classes, including equities, fixed income and money markets. You can purchase Series D mutual funds right here in the online investing site. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. and Royal Bank of Canada are separate corporate entities which are affiliated. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. Mutual Fund companies may assess additional fees — for example, deferred sales charges on back-end load funds, early redemption fees, setup fees and charges for insufficient funds on pre-authorized purchases. RBC Direct Investing is a business name used by RBC Direct Investing Inc. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Management fees and operating expenses are paid by the mutual fund. There may be trailing commissions associated with these mutual fund investments. A mutual fund is a pool of money that is invested by a professional manager on behalf of a large group of people. Mutual funds are made up of some or all of the three main asset classes: money markets, fixed-income and equity. Some funds may be a combination of two or more asset classes and are referred to as balanced funds. Within each class, mutual funds come with their own specific investment objectives, risks and rewards. The money raised from issuing new units of the fund is invested according to the fund's investment policies and objectives. For example, a fund with long-term growth objectives within the framework of the Canadian economy would invest in common shares of Canadian companies, while a fund whose objective is to earn income in the short term might hold bonds or mortgages. In most cases, a mutual fund's returns consist of the dividends and interest it receives on the securities it holds, and the capital gains it may generate in trading its investment portfolio. Of the three asset classes, these funds offer the lowest risk to investors. The underlying investments are a combination of short-term debt, generally focused on Canadian or U. markets, which provides minimal return potential but a high level of safety. As the name implies, the purpose of these funds is to deliver income. The funds focus on stability and income rather than growth and are generally more conservative investments than most equity funds. However, because the credit quality of investments varies, the risk profiles of fixed income funds may also differ significantly. A high-yield bond fund, for example, is much riskier than a bond fund that invests exclusively in government debt. The investment objective of most equity funds is capital appreciation and growth. Other fixed-income funds are differentiated by average duration: These funds invest in stocks. Some, however, will focus on dividend income as well (e.g. Some equity funds attempt to mirror the performance of an underlying index and are aptly called index funds. The fund's prospectus will provide you with greater insight into the style of the fund. Still others follow a specific investment philosophy. Some funds focus only on companies of a certain size (e.g. For example, they may invest only in companies deemed to be socially or environmentally responsible. These funds provide investors with a mixture of safety, income and capital appreciation. They will hold fixed-income securities for stability and income, as well as a wide variety of common stocks for diversification, dividend income and growth potential. However, the proportion of the fund allocated to each asset class and the qualities of the specific assets vary. Some examples of balanced fund types include Canadian Fixed Income Balanced, Global Neutral Balanced, and Global Equity Balanced. Series D: A broad selection of mutual funds across different asset classes from various fund companies is available in Series D for RBC Direct Investing clients. These funds feature significantly lower fees, which can make a big difference to your return over time. Fund of funds: Technically a balanced fund and often referred to as a portfolio fund, these mutual funds invest in a basket of other mutual funds, offering diversification by asset class, geography and industry sector. RBC Global Asset Management offers Select and Select Choices Funds within this class. Managed payout funds: If you’re an income-seeking investor, a managed payout fund could be of interest to you. These funds provide a regular cash flow back to investors. The cash flow is made up of capital gains, dividends and interest, and may include a return of the investor’s capital. Target date funds: These are balanced funds with a mandate to adjust their target asset allocation weightings over time as the maturity date approaches. One example: RBC Target Education Funds, which are designed for investors who will need to access capital in a specific year for their child’s post-secondary education. Specialty funds: These funds focus on alternative investment strategies, venture capital, or other areas that do not fit within traditional mutual fund categories. Series T funds: T stands for "tax-efficient systematic withdrawal program" (T-SWP). These funds continue to gain in popularity as investors seek more income from their portfolios. A significant part of the distribution from these funds may be non-taxable return of capital (ROC). ROC allows investors to defer taxes outside a registered account. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. and Royal Bank of Canada are separate corporate entities which are affiliated. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.


My employer offers contribution matching up to 3% into a group RSP with RBC. Within it I am restricted to owning GICs and RBC mutual funds. If you’ve done any of your own research or read some of my other pages you know that I am not a fan of mutual funds. At first I thought I could just open my own RRSP elsewhere and contribute there, but in doing so I’d give up the 3% salary contribution match. What if I just transferred any contributions from my RBC account into my other RRSP biweekly as they came? And that doesn’t include the opportunity cost of keeping that money out of the market for up to a month. Turns out RBC charges $50 to transfer funds, and it will take 2-4 weeks to transfer. My RRSP has upwards of 38 years to appreciate(since I’m only 27 right now), so an annual or even bi-annual transfer is almost certainly in my future. The promise of even marginal gains( Compounding interest is a magical thing! I can’t just let the money sit there and rot away until I accumulate enough to justify a $50 transfer. It’s time to take a close critical look at what my options are. When I started this job I knew next to nothing about investing, and I just assumed some magical thing was happening when money went into my RRSP. Turns out I was auto-investing in Guaranteed Investment Certificates (GIC), which DO have their place, but with 38 years ahead of me now is not the time to be conservative! The interest rate on these bad boys was a whopping 1.3%, and with inflation of 2% that’s a net loss of 0.7% per year! Our group RSP also gives access to the world of RBC mutual funds, and shortly after realizing I needed to ditch the GICs I called RBC, filled out my risk profile, and they recommended putting my money into RBC Select Aggressive Growth, which I blindly did. Fast forward to now and I thought I’d take a closer look at this fund. It has good allocation with 32.1% Canadian equity, 29.2% US equity, and 35.4% international equity. Good industry allocation with 25% in financials, and about 10% in the next top 4 (consumer products, IT, industrials, health care). Where it fails my criteria is a MER of 2.14%, and returns that don’t seem to be able to justify the high MER. But alas, maybe it is the best fund for me at this time. Data analysis and lots of assumptions on future performance! I’m only reviewing the funds I can actually own in my RRSP, which is most of them on this page, excluding any USD funds. I’ve summarized them all in an excel file which is where all the images on this page come from. I used the most up to date information they had, which ends July 31, 2015. I arbitrarily chose colours to differentiate between the types of funds according to the criteria below: I’m mostly considering funds based on my own needs, and the best funds for you, dear reader, may be different. Right now I have this RRSP, a TFSA, and a non-registered account. To make the most of my tax efficiency I need to hold bonds, US, and international equity in my RRSP. If you have questions about investing tax efficiency I recommend checking out Freedom Thirty Five’s blog post or Canadian Couch Potato. Here are the top 25 funds ranked according to their total return since inception. The first thing you should notice is that the top 13 funds are all less than 3.5 years old. Anything born after 2008 hasn’t lived through a market crash, and actually has been riding the 5 year bull market after said crash. So it’s really only fair to consider funds that lived through at least 1 crash. In my opinion the best performing fund is #15, Canadian Dividend. It has managed to hold onto over 10% annualized return despite living through the 20 crash. A MER of 1.76% is high, but much lower than all the funds surrounding it. Except maybe the O’Shaughnessy Canadian Equity fund, but that fund returned 2.5% less than Canadian Dividend. The other two funds that really catch my eye are #21 and #25. They have similar performance but 24 has a proven track record over the past 40 years. And remember that interest from bonds is taxed at your full income tax rate. Anyway the most interesting thing about this ranking is that the #2 spot goes to an . Bonds are more conservative, but I’m not totally dismissing them just because I’m young. Think about it, the fund that just sat and did nothing outperformed ALL of the actively managed funds except Life Science/tech. Most appealing in this section: Lets see who took advantage of the recent bull market best. And not by a little bit, but by nearly 4% every year over 5 years! It’s pretty clear that Life Sciences and Technology won that race, those sectors have been booming recently. Checking the calendar returns shows that in the past 10 years, the index fund RBF557 outperformed the nearly identical equity mutual fund RBF263 in 8/10 years. I kept finding this trend over and over comparing RBC index funds to their mutual fund counterparts. It’s clear that USA was the place to put your money over the past 5 years. All those purple global funds hold a large percentage in US stocks, which explains why they are also living large up top. The fund my money is currently riding on finally made an appearance in spot #19. It’s clear now that my money is better put elsewhere. Most appealing this section: To reiterate, this is from Jan 1st 2015 to July 31st 2015. Meaning it doesn’t include the massive losses we’ve seen in August. In fact international stock has topped out most of the US funds. And a quick check reveals that life sciences has dropped to the #4 position. Largely thanks to Japan because #24 there excludes Japan and look where it got them (24th place). And good old Emerging Markets Bonds made it into the top 25! Since the August shenanigans it has only dropped about 1%, which is what normally occurs with bonds during market crashes. Just for kicks I made this list up to 26 to include my old slacker friend Aggressive Growth. Well I don’t know about you guys, but I’m not sure I can stomach the -44% in 2013 even if I got back to back years of 65% returns. It seems other people have done a similar analysis to what I’ve done. Not pictured is most of the complete portfolio funds falling between rank 26 and 47 (out of 88 funds total) Mostly for fun, I’ll talk about some winners and losers in a few interesting categories. You did make up for it in 2013 with a 43.1% gain in one year. Canadian equity income came out of nowhere on this one! The thing about Life/Tech is that for 3 years it did basically nothing, then lost 29% in 2008. I am willing to bet that the reason there is so much yellow here is because RBC advisors recommend those most. However your compatriots made up for it in 2009 (and 2007? The top 4 in this list also correspond to the worst returns of any fund in all 10 years. Bonds are the way to save yourself in a market crash! After 4 years you are heavily in the red on this fund, do you realistically think you would have kept your money in what appeared to be a dying fund like that? Not that there’s anything wrong with any of these funds. For pure returns you can do better though based on everything that I’ve mentioned so far. It’s interesting to see that the #5 spot goes to a fund started only 6 years ago, compared to the second youngest fund being 22 years old. I assume that there was a big demand for a “very conservative” fund after the 2008 crash. It has performed well so far with its worst year being 2.5%. These are NOT ranked, they are ordered according to their tracking number. Speaking for myself, I plan to hold all my Canadian equity in my taxable account, and most of my international and US equity in my TFSA. My RRSP is going to be home for bonds and some more US equity. I included the Canadian and international equity funds just in case you feel like creating your own “balanced portfolio solution” instead of using RBCs prepackaged ones. This way you could decide exactly how much of each sector you wanted to invest. A possible portfolio might be: I hesitated including Canadian Dividend on this list because of how favorably dividends are taxed. Since the gains in your RRSP are all tax-free (sort of) you are better off keeping Canadian equity in a taxable account and saving tax-sheltered RRSP space for investments that are heavily taxed. Ultimately it’s more important to get started investing than it is to find the “perfect” investment. If you only have one of the prepackaged portfolio funds you’ll be fine. If you want to stretch your RRSP as far as you can you should start customizing your investments. Remember that a 0.2% higher return can get you an extra $25,000! This is a good time to mention that what you have read here or anywhere on this website is for educational purposes only and does not constitute professional financial advice. Do your own research and accept the consequences of your actions. I am not responsible for any financial losses that may result from you acting on the information you received by using this site. Once again, click the link below to download the file I used in my research (Don’t worry it’s clean). Or you can click here to be taken to the RBC webpage that should have the latest statistics on these funds. I’m changing three of my recommendations since I didn’t realize that I’m contradicting myself with the verdict above. RBC Mutual Fund Comparison excel file If you found anything else worth mentioning about these funds I’d love to hear about it. I should follow my own advice and not buy funds with a high MER. Here are the replacements: I left in RBF274 and RBF497 because I feel they are a good way to increase the risk (and hopefully reward) in a young person’s portfolio. They come at the cost of a higher MER, but RBC doesn’t offer any low cost index funds in these sectors. Like I mentioned above, in some rare cases a high MER can be justified if it’s the only way to get those returns. The four index funds are the same ones recommended by the Canadian Couch Potato. Roytrin Mutual Funds are open-ended funds specially designed by RBC Royal Bank as investment vehicles, to offer individual and institutional investors the opportunity to invest in professionally managed portfolios. The Roytrin Family of Mutual Funds consists of a TTD and USD Income and Growth Fund and a TTD and USD Income Fund. You are on: Features & Benefits tab Roytrin has consistently outperformed traditional deposit instruments. The small investor has access to a diversified portfolio of quality investments. Unlike other Mutual Funds, there are no charges when you buy units Roytrin's Family of Mutual Funds is managed by a team of professional investment managers with over 40 years experience and in excess of TT$20 billion in assets under management. Our investment team works in conjunction with some of the leading portfolio managers in the world for management of our US$ denominated funds. Roytrin's Family of Mutual Funds provides high liquidity by allowing clients to cash in their investments, at anytime Roytrin's Income Funds provide a steady source of income for its clients. Interest is compounded daily on both the TT$ and US$ Income Funds, ensuring investors get the highest return on their investment. Roytrin's Mutual Fund accounts can be opened with as little as TT$500.00 or US$100.00 with subsequent contributions as low as TT$100.00 or US$25.00 per month making it affordable to almost everyone. If your objective is high monthly interest income and safety of capital, then a Roytrin Income Fund best suits your needs. If your objective is long term capital appreciation and attractive income then you will be most interested in a Roytrin Income and Growth Fund. Effective January 4th 2010, Income Fund investor receive return as a combination of two factors: 1. Capital appreciation/depreciation of the Net Asset Value 2. Monthly Distribution of Income it is the combined effect of these two factors that enable the computation of an investors overall return. The return on the Income and Growth Fund is a function of both income and capital gains. Capital gains arise from the difference in the Net Asset Value (NAV) per unit at the time of purchase and redemption of units. Royal bank mutual fund prices rbc decarie Detailed price information for RBC Canadian Dividend Fund Series A - NL CADFUNDS RBF266. CF from The Globe and Mail including charting and trades RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. RBC Funds are offered by RBC Global Asset Management Inc. and sold by Royal Mutual Funds Inc. Royal Mutual Funds Inc. Royal Bank of Canada, RBC Global Asset Management Inc. Royal Trust Company and The Royal Trust Corporation of Canada are separate corporate entities that are affiliated. I recently received an email from a reader who is trying to evaluate the RBC Managed Payout Solution mutual funds for an elderly relative. He wrote: “My relative needs safety of her capital and a reasonable return of /- 3.5 per cent. She needs to draw about 5 per cent per year to meet her living expenses, which this fund indicates can be done. ” Well, for starters, there is not one fund but three, all of which RBC says are designed to offer tax-efficient cash flow while minimizing risk. The funds are RBC Managed Payout Solution (MPS), RBC Managed Payout Solution – Enhanced, and RBC Managed Payout Solution – Enhanced Plus. All are funds of funds; that is they invest exclusively in other RBC funds. The difference is in the amount of money they pay out and in the asset mix, which affects the risk level. RBC MPS: This fund invests in nine RBC funds, with a heavy emphasis on bonds and short-term income. It is the least risky of the three, with almost two-thirds of the assets in fixed income funds, 5.1 per cent in cash, and the rest in equities. The current monthly payout is $0.038 ($0.456 per year). That works out to a yield of 5.1 per cent based on a recent price of $9.02 (A units), which is slightly higher than the target income goal set by our reader. This fund can trace its history back to August 2004 so we have a solid track record to work with. The 10-year average annual compound rate of return to June 30 was 4.14 per cent, above average for its peer group. Although this fund is conservatively invested, it won’t be immune when the market goes south. Its worst one-year return was a loss of 10.44 per cent in the 12 months to February 2009. That reflected the impact of the 2008 financial crisis. Since then, the fund has only lost money in a single calendar year, dropping 0.6 per cent in 2015. RBC MPS – Enhanced: This fund is somewhat more aggressive, although it still favours fixed income securities. About 60 per cent of the portfolio is invested in bond funds and cash with about 40 per cent in stocks. This asset mix suggests a somewhat higher risk level than the basic MPS fund, and the numbers confirm this is the case. The worst 12-month period (also to February 2009) shows a loss of 15.7 per cent. However, you get a somewhat better return for taking on more risk. The 10-year average annual compound rate of return is a little higher, at 4.28 per cent, with a one-year gain of 6.68 per cent. The current monthly payout is $0.0435 ($0.522 annually) for a yield of 6.1 per cent based on a recent price of $8.53. The management expense ratio here is 1.83 per cent. RBC MPS – Enhanced Plus: This is the most aggressive – and therefore the most risky – of the three funds. About 40 per cent of the portfolio is invested in bond funds and cash with the rest in equity funds. The RBC Canadian Dividend Fund is the largest holding at 21.3 per cent of total assets. As you might expect, given the strong bull market we have experienced in recent years, this fund’s tilt to the equity side has resulted in the best returns, with a five-year average annual gain of 6.85 per cent and a one-year advance of 8.70 per cent. But the 10-year average annual compound rate of return is below that of the other two at 3.82 per cent. That reflects a loss of 23.05 per cent during the 2008-09 crash. The current payout rate is $0.039 per month ($0.468 per year) for a yield of 7.2 per cent based on a recent price of $6.49. That’s a very attractive rate but don’t lose sight of the extra risk involved. Based on the parameters outlined by our reader, the basic RBC Managed Payout Solution Fund offers the best combination of cash flow and safety. The other two are well worth considering by those who are willing to accept a little more risk for a better return.