Amendment to Master Investment Advisory Agreement
Exhibit (d)(6)(v)
Amendment to Master Investment Advisory Agreement
This amendment (the “Amendment”) to the Master Investment Advisory Agreement is made and entered into as of July 2, 2018 between RBC Global Asset Management (U.S.) Inc., a Minnesota corporation (the “Adviser”) and RBC Funds Trust, a Delaware statutory trust (the “Trust”) on behalf of its series listed on Exhibit A (each a “Fund”) and hereby amends that certain Master Investment Advisory Agreement dated September 1, 2011.
WHEREAS, the Trust and the Adviser have entered into the Agreement relating to the Funds; and
WHEREAS, the Adviser proposed reducing the advisory fee for certain of the Funds; and
WHEREAS, the Adviser and the Trust desire to amend the Agreement to reflect these changes.
NOW THEREFORE, in consideration of the mutual premises and covenants herein set forth, the parties agree as follows:
SECTION 1. EXHIBIT A. Exhibit A of the Agreement is hereby amended and restated, as attached.
SECTION 2. Agreement Continuation. 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 GLOBAL ASSET MANAGEMENT (U.S.) INC. | RBC FUNDS TRUST | ||||
| By: | /s/ Xxxxx Xxxx | By: | /s/ Xxxxxxxx X. Xxxxxx | ||
| Name: Xxxxx Xxxx | Name: Xxxxxxxx X. Xxxxxx | ||||
| Title: COO | Title: President | ||||
EXHIBIT A
| Name of Fund |
Annual |
Effective Date |
Initial Term Through* | |||
| RBC BlueBay Emerging Market Debt Fund | 0.75% | September 1, 2011 | October 31, 2012 | |||
| RBC BlueBay High Yield Bond Fund | 0.70% | September 1, 2011 | October 31, 2012 | |||
| RBC Emerging Markets Equity Fund | 0.80% | July 25, 2018 | October 31, 2014 | |||
| RBC Emerging Markets Small Cap Equity Fund | 1.25% | December 20, 2013 | October 31, 2014 | |||
| RBC Short Duration Fixed Income Fund | 0.30% | December 30, 2013 | October 31, 2014 | |||
| RBC Ultra-Short Fixed Income Fund | 0.23% | October 2, 2017 | March 31, 2019 | |||
| RBC Small Cap Value Fund | 0.70% | July 2, 2018 | October 31, 2015 | |||
| RBC BlueBay Diversified Credit Fund | 0.59% | October 2, 2017 | January 31, 2019 | |||
| RBC Global Opportunities Fund | 0.76% | October 2, 2017 | July 31, 2019 | |||
| RBC International Opportunities Fund | 0.80% | September 24, 2014 | October 31, 2015 | |||
| RBC Emerging Markets Value Equity Fund | 0.80% | July 2, 2018 | March 31, 2019 | |||
| RBC Impact Bond Fund | 0.35% | December 18, 2017 | January 31, 2019 |
| * | After the Initial Term, the Agreement may continue in effect for successive one-year terms as provided in Section 7.(b). |
