EX-99.H.7.II 12 d254415dex99h7ii.htm AMENDMENT DATED APRIL 1, 2022 TO THE SECOND AMENDED AND RESTATED EXPENSE LIMIT Amendment dated April 1, 2022 to the Second Amended and Restated Expense Limit

AMENDMENT TO

SECOND AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

This Amendment to Second Amended and Restated Expense Limitation Agreement (the “Amendment”) is made and entered into as of April 1, 2022, between RBC Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its series listed on Schedule A hereto (each, a “Fund” and collectively, the “Funds”), and RBC Global Asset Management (U.S.) Inc., a Minnesota corporation (“RBC GAM US”).

WHEREAS, the Trust and RBC GAM US previously entered into that certain Second Amended and Restated Expense Limitation Agreement, dated as of October 1, 2019 (as further amended, restated, modified or supplemented from time to time, the “Agreement”); and

WHEREAS, the Trust and RBC GAM US wish to amend the Agreement to reflect the expense limitation arrangement with RBC China Equity Fund.

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 updated Schedule A attached hereto.

 

  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.

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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.

 

RBC FUNDS TRUST

By:                                     

Name: Kathy Hegna

Title: Chief Financial Officer and Treasurer

RBC GLOBAL ASSET MANAGEMENT (U.S.) INC.

By:                                     

Name: Carol Kuha

Title: Chief Operating Officer


Schedule A

 

 

Operating Expense Limits – By Class

 

 
Fund Name Class A Class I Class R6 Class IS

Initial Term

Through*

Recoupment
Duration

 

Access Capital Community Investment Fund     0.80 %       0.45 %         NA         0.40 %   January 31, 2018 with respect to Class A and I; January 31, 2021 with respect to
Class IS
  12 months  
RBC BlueBay Core Plus Bond Fund   0.70 %   0.45 %   0.40 %   NA January 31, 2023 36 months
RBC BlueBay Emerging Market Debt Fund   1.04 %   0.79 %   0.74 %   NA January 31, 2018 36 months
RBC BlueBay High Yield Bond Fund   0.82 %   0.57 %   NA   NA January 31, 2018 36 months
RBC BlueBay Strategic Income Fund   0.88 %   0.63 %   0.58 %   NA January 31, 2023 36 months
RBC China Equity Fund   1.30 %   1.05 %   1.00 %   NA July 31, 2023 36 months
RBC Emerging Markets Equity Fund   1.13 %   0.88 %   0.88 %   NA September 30, 2018 36 months
RBC Emerging Markets Value Equity Fund   1.20 %   0.95 %   0.88 %   NA July 31, 2019 with respect to Class I and R6; July 31, 2023 with respect to Class A 36 months
RBC Enterprise Fund   1.33 %   1.08 %   NA   NA January 31, 2018 12 months
RBC Global Equity Leaders Fund   1.00 %   0.75 %   0.70 %   NA July 31, 2023 36 months


RBC Global Opportunities Fund     1.00 %       0.75 %       0.70 %         NA     July 31, 2018 with respect to Classes I and R6; July 31, 2021 with respect to
Class A
  36 months  
RBC Impact Bond Fund   0.70 %   0.45 %   0.40 %   NA January 31, 2019 with respect to Classes I and R6; January 31, 2021 with respect to Class A 36 months
RBC International Opportunities Fund   1.05 %   0.80 %   0.75 %   NA July 31, 2018 with respect to Classes I and R6; July 31, 2021 with respect to
Class A
36 months
RBC Microcap Value Fund   1.32 %   1.07 %   NA   NA January 31, 2018 12 months
RBC Short Duration Fixed Income Fund   0.45 %   0.35 %   NA   NA July 31, 2018 36 months
RBC Small Cap Core Fund   1.15 %   0.90 %   0.87 %   NA January 31, 2018 12 months
RBC Small Cap Growth Fund   1.14 %   0.89 %   0.79 %   NA January 31, 2022 36 months
RBC Small Cap Value Fund   1.10 %   0.85 %   0.80 %   NA January 31, 2018 with respect to Classes I and R6; January 31, 2022 with respect to Class A 36 months
RBC SMID Cap Growth Fund   1.07 %   0.82 %   0.77 %   NA January 31, 2019 12 months
RBC Ultra-Short Fixed Income Fund   0.38 %   0.28 %   NA   NA July 31, 2018 36 months

* 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.