EX-99.D.1.III 3 d395624dex99d1iii.htm AMENDMENT DATED NOVEMBER 1, 2021 Amendment dated November 1, 2021

Exhibit (d)(1)(iii)

AMENDMENT TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment to Master Investment Advisory Agreement (the “Amendment”) is made and entered into as of November 1, 2021 between RBC Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its series listed on Exhibit A hereto (each, a “Fund” and collectively, the “Funds”), and RBC Global Asset Management (U.S.) Inc., a Minnesota corporation (the “Adviser”).

WHEREAS, the Trust and the Adviser previously entered into that certain amended, restated and consolidated Master Investment Advisory 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 the Adviser wish to amend the Agreement to reflect the approval by the shareholders of a new advisory agreement for each of Access Capital Community Investment Fund, RBC Impact Bond Fund, RBC Short Duration Fixed Income Fund and RBC Ultra-Short Fixed Income Fund and the removal of each such fund from Exhibit A to the Agreement.

NOW THEREFORE, in consideration of the mutual premises and covenants herein set forth, the parties agree as follows:

 

  1.

Exhibit A of the Agreement shall be replaced in its entirety with the updated Exhibit A attached hereto.

 

  2.

The Agreement, as modified herein, shall continue in full force and effect, and nothing herein shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


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/ Kathy Hegna

 

Name:

 

Kathy Hegna

Title:

 

Chief Financial Officer and Treasurer

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

By:

 

/s/ Carol Kuha

 

Name:

 

Carol Kuha

Title:

 

Chief Operating Officer


EXHIBIT A

 

Name of Fund

   Annual
Fee Rate
  Initial Effective Date    Initial Term Through*    Annual
Renewal
Deadline**

RBC SMID Cap Growth Fund

   0.70%   April 16, 2004    April 16, 2005    September 30

RBC BlueBay Emerging Market Debt Fund

   0.65%   September 1, 2011    October 31, 2012    September 30

RBC BlueBay High Yield Bond Fund

   0.55%   September 1, 2011    October 31, 2012    September 30

RBC Emerging Markets Equity Fund

   0.80%   December 20, 2013    October 31, 2014    September 30

RBC Small Cap Value Fund

   0.70%   September 24, 2014    October 31, 2015    September 30

RBC Global Opportunities Fund

   0.65%   September 24, 2014    October 31, 2015    September 30

RBC International Opportunities Fund

   0.70%   September 24, 2014    October 31, 2015    September 30

RBC Emerging Markets Value Equity Fund

   0.80%   September 28, 2017    March 31, 2019    September 30

RBC Small Cap Growth Fund

   0.70%   December 18, 2020    September 30, 2022    September 30

 

*

After the Initial Term, the Agreement may continue in effect for successive one-year terms as provided in Section 7.(b).

**

Before the expiration of the initial term of the Agreement for a Fund, the Board specifically renewed the Agreement for that Fund for an additional year ending September 30 of the subsequent year, which had the effect of changing the term of the Agreement so that it runs through September 30 of each year (assuming it is renewed as provided in Section 7.(b)).