AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
AMENDMENT TO
This Amendment to Investment Advisory Agreement (the “Amendment”) is made and entered into as of November 1, 2022 between RBC Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its series listed on Exhibit A hereto (each, a “Fund” and collectively, the “Funds”), and RBC Global Asset Management (U.S.) Inc., a Minnesota corporation (the “Adviser”).
WHEREAS, the Trust and the Adviser previously entered into that certain Investment Advisory Agreement, dated as of November 1, 2021 (the “Agreement”); and
WHEREAS, the Trust and the Adviser wish to amend the Agreement to reflect the addition of each of RBC Emerging Markets ex-China Equity Fund, RBC International Equity Fund and RBC International Small Cap Equity Fund.
NOW THEREFORE, in consideration of the mutual premises and covenants herein set forth, the parties agree as follows:
| 1. | Exhibit A of the Agreement shall be replaced in its entirety with the updated Exhibit A attached hereto. |
| 2. | The Agreement, as modified herein, shall continue in full force and effect, and nothing herein shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby. |
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective authorized officers or representatives as of the date first above written.
| By: |
| |
| Name: Xxxxx Xxxxx | ||
| Title: Chief Financial Officer and Treasurer | ||
| RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. | ||
| By: |
| |
| Name: Xxxxx Xxxx | ||
| Title: Chief Operating Officer | ||
EXHIBIT A
| Name of Fund |
Annual Fee Rate |
Effective Date | Initial Term Through* | |||||
| Access Capital Community Investment Fund |
0.35 | % | November 1, 2021 | October 31, 2023 | ||||
| RBC BlueBay Core Plus Bond Fund |
0.35 | % | November 1, 2021 | October 31, 2023 | ||||
| RBC BlueBay Strategic Income Fund |
0.53 | % | November 1, 2021 | October 31, 2023 | ||||
| RBC China Equity Fund |
0.80 | % | April 4, 2022 | April 3, 2024 | ||||
| RBC Emerging Markets ex-China Equity Fund |
0.80 | % | November 1, 2022 | October 31, 2024 | ||||
| RBC Global Equity Leaders Fund |
0.65 | % | December 15, 2021 | December 14, 2023 | ||||
| RBC Impact Bond Fund |
0.35 | % | November 1, 2021 | October 31, 2023 | ||||
| RBC International Equity Fund |
0.69 | % | November 1, 2022 | October 31, 2024 | ||||
| RBC International Small Cap Equity Fund |
0.89 | % | November 1, 2022 | October 31, 2024 | ||||
| RBC Short Duration Fixed Income Fund |
0.30 | % | November 1, 2021 | October 31, 2023 | ||||
| RBC Ultra-Short Fixed Income Fund |
0.23 | % | November 1, 2021 | October 31, 2023 | ||||
| U.S. Government Money Market Fund |
0.10 | % | November 1, 2021 | October 31, 2023 | ||||
| • | After the Initial Term, the Agreement may continue in effect for successive one-year terms as provided in Section 7. |
