Common use of Account Administration Clause in Contracts

Account Administration. Minimums You must invest and maintain a minimum balance of $10,000 in your RBC Managed Portfolios Account . If your balance falls below the minimum, we may redeem your investment . Additional investments must be a minimum of $250 . Deposits Your deposits will only be accepted once the application to open an RBC Managed Portfolios Account has been approved by RMFI and subsequent to your selection of an Investment Profile . Your deposits will be initially invested in cash or cash equivalents and will be invested in accordance with your selected Investment Profile as soon as practicable . Withdrawals You may request withdrawals from your RBC Managed Portfolios Account (minimum $250) by contacting your RMFI mutual funds representative . RMFI will advise RBC GAM of your request . RBC GAM will then sell assets from your RBC Managed Portfolios Account on a pro-rata basis in accordance with your selected Investment Profile, as necessary, to fund the withdrawal . Termination Certain of the Funds may only be held with RMFI through the RBC Managed Portfolios Program . Therefore, upon termination of your RBC Managed Portfolios Account, RMFI may redeem all the Funds in your RBC Managed Portfolios Account . Death or Incapacity Upon your death or incapacity, we will continue to administer your RBC Managed Portfolios Account and fees will be charged as outlined in this Schedule E until we have received contrary instructions from your duly authorized representative . Fees and Expenses RMFI is authorized to debit your RBC Managed Portfolios Account with the fees outlined below and any expenses outlined in the Agreement . The total fees payable by you for your RBC Managed Portfolios Account are for investment management and account administration . Each Fund in the RBC Managed Portfolios Program pays its own operating expenses . There are no sales commissions or trailer fees payable in respect of the Funds in your Account . There are no fees or expenses payable by you that would duplicate any fees or expenses paid by the Funds . The fee will be calculated and paid monthly in arrears . The monthly fee is based on the net asset value of your RBC Managed Portfolios Account on either (i) the last business day of each full or partial month during which you are in the RBC Managed Portfolios Program, or (ii) the closure of your RBC Managed Portfolios Account . Annual Fee Rates: Fee Breakpoints First $150,000 Next $100,000 Portion over $250,000 Cash Flow 1 .50% 1 .25% 1 .00% Income 1 .60% 1 .50% 1 .00% Conservative 1 .60% 1 .50% 1 .00% Balanced 1 .80% 1 .70% 1 .00% Growth 1 .80% 1 .70% 1 .00% Aggressive Growth 1 .80% 1 .70% 1 .00% The minimum annual fee for any RBC Managed Portfolios Account is $1,250 . When calculating the fees payable, RMFI may, in its sole discretion, take into consideration all of the RBC Managed Portfolios Accounts in your household . Fees are subject to any taxes as may be applicable from time to time . RMFI may change these fees from time to time, provided that any change will only be effective sixty (60) days after written notice has been mailed to you .

Account Administration. Minimums You must invest and maintain a minimum balance of $10,000 in your RBC Managed Portfolios Account Account. If your balance falls below the minimum, we may redeem your investment investment. Additional investments must be a minimum of $250 250. Deposits Your deposits will only be accepted once the application to open an RBC Managed Portfolios Account has been approved by RMFI and subsequent to your selection of an Investment Profile Profile. Your deposits will be initially invested in cash or cash equivalents and will be invested in accordance with your selected Investment Profile as soon as practicable practicable. Withdrawals You may request withdrawals from your RBC Managed Portfolios Account (minimum $250) by contacting your RMFI mutual funds representative representative. RMFI will advise RBC GAM of your request request. RBC GAM will then sell assets from your RBC Managed Portfolios Account on a pro-rata basis in accordance with your selected Investment Profile, as necessary, to fund the withdrawal withdrawal. Termination Certain of the Funds may only be held with RMFI through the RBC Managed Portfolios Program Program. Therefore, upon termination of your RBC Managed Portfolios Account, RMFI may redeem all the Funds in your RBC Managed Portfolios Account Account. Death or Incapacity incapacity Upon your death or incapacity, we will continue to administer your RBC Managed Portfolios Account Account, and fees will be charged as outlined in this Schedule E until we have received contrary instructions from your duly authorized representative representative. Fees and Expenses expenses RMFI is authorized to debit your RBC Managed Portfolios Account with the fees outlined below and any expenses outlined in the Agreement Agreement. The total fees payable by you for your RBC Managed Portfolios Account are for investment management and account administration administration. Each Fund in the RBC Managed Portfolios Program pays its own operating expenses expenses. There are no sales commissions or trailer fees trailing commissions payable in respect of the Funds in your Account Account. There are no fees or expenses payable by you that would duplicate any fees or expenses paid by the Funds Funds. The fee will be calculated and paid monthly in arrears arrears. The monthly fee is based on the net asset value of your RBC Managed Portfolios Account on either (i) the last business day of each full or partial month during which you are in the RBC Managed Portfolios Program, or (ii) the closure of your RBC Managed Portfolios Account . Annual Fee Rates: Fee Breakpoints First $150,000 Next $100,000 Portion over $250,000 Cash Flow 1 .50% 1 .25% 1 .00% Income 1 .60% 1 .50% 1 .00% Conservative 1 .60% 1 .50% 1 .00% Balanced 1 .80% 1 .70% 1 .00% Growth 1 .80% 1 .70% 1 .00% Aggressive Growth 1 .80% 1 .70% 1 .00% The minimum annual fee for any RBC Managed Portfolios Account is $1,250 . When calculating the fees payable, RMFI may, in its sole discretion, take into consideration all of the RBC Managed Portfolios Accounts in your household . Fees are subject to any taxes as may be applicable from time to time . RMFI may change these fees from time to time, provided that any change will only be effective sixty (60) days after written notice has been mailed to you .either:

Account Administration. Minimums You must invest and maintain a minimum balance of $10,000 in your RBC Managed Portfolios Account Account. If your balance falls below the minimum, we may redeem your investment investment. Additional investments must be a minimum of $250 250. Deposits Your deposits will only be accepted once the application to open an RBC Managed Portfolios Account has been approved by RMFI and subsequent to your selection of an Investment Profile Profile. Your deposits will be initially invested in cash or cash equivalents and will be invested in accordance with your selected Investment Profile as soon as practicable practicable. Withdrawals You may request withdrawals from your RBC Managed Portfolios Account (minimum $250) by contacting your RMFI mutual funds representative representative. RMFI will advise RBC GAM of your request request. RBC GAM will then sell assets from your RBC Managed Portfolios Account on a pro-rata basis in accordance with your selected Investment Profile, as necessary, to fund the withdrawal withdrawal. Termination Certain of the Funds may only be held with RMFI through the RBC Managed Portfolios Program Program. Therefore, upon termination of your RBC Managed Portfolios Account, RMFI may redeem all the Funds in your RBC Managed Portfolios Account Account. Death or Incapacity incapacity Upon your death or incapacity, we will continue to administer your RBC Managed Portfolios Account Account, and fees will be charged as outlined in this Schedule E D until we have received contrary instructions from your duly authorized representative representative. Fees and Expenses expenses RMFI is authorized to debit your RBC Managed Portfolios Account with the fees outlined below and any expenses outlined in the Agreement Agreement. The total fees payable by you for your RBC Managed Portfolios Account are for investment management provided by RBC GAM and for account administration and advice provided by RMFI as the dealer. Each Fund in the RBC Managed Portfolios Program pays its own operating expenses. Additional information about operating expenses of the Funds can be found in the simplified prospectus of the Funds. There are no sales commissions or trailer fees trailing commissions payable in respect of the Funds in your Account Account. There are no fees or expenses payable by you that would duplicate any fees or expenses paid by the Funds Funds. The fee will be calculated and paid monthly in arrears arrears. The monthly fee is based on the net asset value of your RBC Managed Portfolios Account on either (i) the last business day of each full or partial month during which you are in the RBC Managed Portfolios Program, or (ii) the closure of your RBC Managed Portfolios Account . Annual Fee Rates: Fee Breakpoints First $150,000 Next $100,000 Portion over $250,000 Cash Flow 1 .50% 1 .25% 1 .00% Income 1 .60% 1 .50% 1 .00% Conservative 1 .60% 1 .50% 1 .00% Balanced 1 .80% 1 .70% 1 .00% Growth 1 .80% 1 .70% 1 .00% Aggressive Growth 1 .80% 1 .70% 1 .00% The minimum annual fee for any RBC Managed Portfolios Account is $1,250 . When calculating the fees payable, RMFI may, in its sole discretion, take into consideration all of the RBC Managed Portfolios Accounts in your household . Fees are subject to any taxes as may be applicable from time to time . RMFI may change these fees from time to time, provided that any change will only be effective sixty (60) days after written notice has been mailed to you .either: