AMENDMENT
Exhibit (h)(13)(ii)
AMENDMENT
This Amendment (the “Amendment”) is made and entered into on this 27th day of November, 2012 between RBC FUNDS TRUST (the “Trust”), a Delaware statutory trust, and RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. (“RBC GAM”).
WHEREAS, the Trust and RBC GAM have entered into an Expense Limitation Agreement dated as of September 1, 2011, as amended and supplemented from time to time, (the “Agreement”); and
WHEREAS the Trust and RBC GAM desire to amend the Agreement.
NOW THEREFORE, in consideration of the mutual premises and covenants herein set forth, the parties agree as follows:
SECTION 1. SCHEDULE A. Schedule A to 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 FUNDS TRUST | RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. | ||||
| By: | /s/ Xxxxxxxx X. Xxxxxx | By: | /s/ Xxxxxxx Xxx | ||
| Name: | Xxxxxxxx X. Xxxxxx | Name: | Xxxxxxx Xxx | ||
| Title: | President & CEO | Title: | CEO | ||
| Date: | 11/27/12 | Date: | 11/27/12 | ||
Schedule A
| FUND | OPERATING EXPENSE LIMIT* |
| RBC BlueBay Emerging Market Select Bond Fund | 1.00% |
| RBC BlueBay Emerging Market Corporate Bond Fund | 1.15% |
| RBC BlueBay Global High Yield Bond Fund | 0.95% |
| RBC BlueBay Global Convertible Bond Fund | 1.00% |
| RBC BlueBay Absolute Return Fund | 0.95% |
* Excludes distribution fees, brokerage and other investment-related costs, interest, taxes, dues, fees and other charges of governments and their agencies including the cost of qualifying the Fund’s shares for sale in any jurisdiction, extraordinary expenses such as litigation (including legal and audit fees and other costs in contemplation of or incident thereto) and indemnification and other expenses not incurred in the ordinary course of the Fund’s business.
