Law Offices
Stradley, Ronon, Stevens & Young, LLP
2005 One Commerce Square, Suite 2600 |
Philadelphia, Pennsylvania 19103-7098 |
Telephone: (215) 564-8000 Fax: (215) 564-8120
|
Joan Ohlbaum Swirsky, Esq. |
(215) 564-8015 |
jswirsky@stradley.com |
1933 Act Rule 497(e)
1933 Act File No. 333-111986
1940 Act File No. 811-21475
July 25, 2013
VIA EDGAR
Filing Desk
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: | RBC Funds Trust (the “Registrant”) | ||
SEC File Nos. 333-111986 and 811-21475 | |||
Rule 497(e) filing |
Ladies and Gentlemen:
Enclosed for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the “1933 Act”) are exhibits containing interactive data format risk/return summary information that reflect the risk/return summary information in the prospectus supplement relating to the Access Capital Community Investment Fund, a series of the Registrant, as filed pursuant to Rule 497(e) under the 1933 Act on July 12, 2013 (Accession Number: 0000897101-13-001050).
Please direct questions or comments relating to this filing to me at the above-referenced telephone number.
Very truly yours,
/s/Joan Ohlbaum Swirsky
Joan Ohlbaum Swirsky
Label | Element | Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Registrant Name | dei_EntityRegistrantName | RBC FUNDS TRUST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prospectus Date | rr_ProspectusDate | Nov. 27, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Access Capital Community Investment Fund | Class A
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 3.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a % of offering or sales price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | [1] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Expenses (includes 0.08% Interest Expense) | rr_OtherExpensesOverAssets | 0.16% | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One Year | rr_ExpenseExampleYear01 | $ 464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Years | rr_ExpenseExampleYear03 | 654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Five Years | rr_ExpenseExampleYear05 | 860 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ten Years | rr_ExpenseExampleYear10 | 1,453 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Access Capital Community Investment Fund | Class I
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a % of offering or sales price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Expenses (includes 0.08% Interest Expense) | rr_OtherExpensesOverAssets | 0.16% | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.66% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.66% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One Year | rr_ExpenseExampleYear01 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Years | rr_ExpenseExampleYear03 | 211 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Five Years | rr_ExpenseExampleYear05 | 368 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ten Years | rr_ExpenseExampleYear10 | 822 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Access Capital Community Investment Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplement [Text Block] | cik0001272950_SupplementTextBlock | Access Capital Community Investment Fund (the "Fund") Supplement dated July 11, 2013, as amended and restated on July 12, 2013, to the Access Capital Community Investment Fund This Supplement provides new and additional information beyond that contained in the Prospectus and SAI and should be read in conjunction with the Prospectus and SAI. Elimination of Advisory Fee on Assets Purchased with Borrowed Monies The Board of Trustees of RBC Funds Trust has approved an amendment to the Fund's investment advisory agreement to eliminate the management fee charged on assets purchased with borrowed monies. Accordingly, the following changes are made to the Prospectus and SAI. The paragraph, chart and footnotes under the caption "Fees and Expenses of the Fund" on page 1 of the Prospectus are replaced by the following effective September 9, 2013: Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund. More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" section on page 37 of this prospectus.
Example: This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense waiver and assumption in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Modification to Investment Policy The Fund's investment policies are being modified to permit a portion of the Fund's assets to be invested in securities rated below the highest category by a nationally recognized statistical rating organization (and unrated securities deemed by the Advisor to be of comparable quality). It is expected that the revised investment policies will be implemented 60 days after the date of this supplement, and will be accomplished gradually in the ordinary course of management of the Fund's assets. Accordingly, the following changes are made to the Prospectus. The paragraph under the caption "Credit Quality" on page 3 of the Prospectus is replaced by the following: The Fund will invest at least 75% of its total assets in securities (i) having a rating in the highest rating category assigned by a nationally recognized statistical rating organization; or (ii) if unrated, deemed by the Advisor to be of comparable quality to securities which are so rated; or (iii) issued or guaranteed by the U.S. Government, government agencies, or GSEs (together, "First Tier Holdings"). The remainder of the Fund's total assets will be invested in First Tier Holdings or in securities rated at least in the second highest category assigned by a nationally recognized statistical rating organization, or, if unrated, deemed by the Advisor to be of comparable quality.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE |
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Risk/Return [Heading] | rr_RiskReturnHeading | Access Capital Community Investment Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund |
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Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund. More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" section on page 37 of this prospectus. |
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Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | January 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example: |
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Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense waiver and assumption in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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