Amendment to Expense Limitation Agreement
Exhibit (h)(10)(iv)
Amendment to
This Amendment (the “Amendment”) is made and entered into as of July 2, 2018, between RBC Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its series listed on Schedule A (each a “Fund”), and RBC Global Asset Management (U.S.) Inc., a Minnesota corporation (“RBC GAM US”).
Whereas, the Trust and RBC GAM US have entered into various agreements pertaining to expense limitations for the Funds in the past, all of which were consolidated into one amended and restated agreement dated December 14, 2016 (the “Agreement”), and
Whereas, the Trust and RBC GAM US wish to again amend the Agreement to reflect modifications to the expense limitation arrangement with certain Funds.
Now therefore, in consideration of the mutual premises and covenants herein set forth, the parties agree as follows:
| 1. | Schedule A of the Agreement shall be replaced in its entirety with the attached Schedule A, effective July 2, 2018. |
| 2. | The Agreement, as modified herein, shall continue in full force and effect, and nothing herein contained shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby. |
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.
| RBC Funds Trust | ||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |
| Name: Xxxxxxxx X. Xxxxxx | ||
| Title: President | ||
| RBC Global Asset Management (U.S.) Inc. | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: Xxxxx Xxxx | ||
| Title: COO | ||
Schedule A
| FUND | Operating Expense Limit – Class A | Operating Expense Limit – Class C | Operating Expense Limit – Class I | Operating Expense Limit – Class R6 | Operating Expense Limit – Class F | Initial
Term Through* |
| RBC BlueBay Emerging Market Debt Fund | 1.12% | NA | 0.87% | 0.82% | XX | Xxxxxxx 00, 0000 |
| XXX BlueBay High Yield Bond Fund | 0.82% | NA | 0.57% | NA | NA | January 31, 2018 |
| RBC Emerging Markets Equity Fund | 1.13% | NA | 0.88% | 0.88% | XX | Xxxxxxxx 00, 0000 |
| XXX Emerging Markets Small Cap Equity Fund | 1.70% | NA | 1.45% | NA | NA | July 31, 2018 |
| RBC Short Duration Fixed Income Fund | NA | NA | 0.35% | NA | 0.45% | July 31, 2018 |
| RBC Ultra-Short Fixed Income Fund | NA | NA | 0.28% | NA | 0.38% | July 31, 2018 |
| RBC BlueBay Diversified Credit Fund | NA | NA | 0.69% | 0.64% | NA | January 31, 2018 |
| RBC International Opportunities Fund | NA | NA | 0.89% | 0.84% | NA | July 31, 2018 |
| RBC Global Opportunities Fund | NA | NA | 0.86% | 0.81% | NA | July 31, 2018 |
| RBC Small Cap Value Fund | NA | NA | 0.85% | 0.80% | NA | January 31, 2018 |
| RBC Emerging Markets Value Equity Fund | NA | NA | 0.95% | 0.88% | NA | July 31, 2019 |
* Note that after the initial term, this Agreement shall continue in effect from year to year thereafter for each Fund, unless and until revised or terminated, all as described in Section 3 of the Agreement. The recoupment duration for the Funds listed in Schedule A is 36 months.
