Examples of RBC GAM in a sentence
RBC GAM may, at its discretion and without notice to unitholders, waive or absorb certain operating expenses.
RBC GAM policy requires that an investment decision in respect of Inter-Fund Trading is in the best interests of each Fund.
RBC GAM is responsible for managing each Fund’s capital, which is its NAV and consists primarily of its financial instruments.A Fund’s investment activities expose it to a variety of financial risks.
RBC GAM monitors each Fund’s credit exposure and counterparty ratings daily.Concentration riskConcentration risk arises as a result of net financial instrument exposures to the same category, such as geographical region, asset type, industry sector or market segment.
MER includes the waiver or absorption by RBC GAM of certain operating expenses, while the MER before absorption shows the MER prior to operating expenses being waived or absorbed by RBC GAM.2 The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period.
To assist in managing risks, RBC GAM also uses internal guidelines, maintains a governance structure that oversees each Fund’s investment activities and monitors compliance with the Fund’s investment strategies, internal guidelines and securities regulations.The financial markets experienced significant volatility as a result of the developing COVID-19 global pandemic.
RBC GAM seeks to minimize potential adverse effects of these risks on a Fund’s performance by employingprofessional, experienced portfolio managers, daily monitoring of the Fund’s holdings and market events, diversifying its investment portfolio within the constraints of its investment objectives and, in some cases, periodically hedging certain risk exposures through the use of derivatives.
RBC GAM is responsible for the Funds’ day-to-day operations, provides investment advice and portfolio management services to the Funds and appoints distributors for the Funds.
MER includes the waiver or absorption by RBC GAM of certain operating expenses, while the MER before absorption shows the MER prior to operating expenses being waived or absorbed by RBC GAM.2 The Fund’s portfolio turnover rate gives an indication of the level of activity employed by the portfolio manager.
To the extent a Fund invests in underlying funds managed by RBC GAM or its affiliates, the fees and expenses payable by the underlying funds are in addition to the fees and expenses payable by the Fund.