RBC Fund Eyes New Share Types with Withdrawal Penalties
Published Date: 12/31/2025
Notice
Summary
RBC BlueBay Enhanced Income Fund and RBC Global Asset Management want permission to offer different types of shares with special fees and early withdrawal charges. This change affects investors in these funds and could impact how fees are charged and when money can be taken out. The SEC will decide by late January 2026 unless someone asks for a hearing.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Permission sought to charge asset-based fees
The applicants asked the SEC for an order to permit the fund to impose asset-based distribution and/or service fees on certain share classes. That means investors in those share classes could pay ongoing fees tied to the fund's assets if the relief is granted.
Permission sought for early withdrawal charges
The applicants requested permission to impose early withdrawal charges on certain share classes of the fund, meaning investors who redeem shares early could face a charge. The application was filed on November 7, 2025 and hearing requests are due by January 23, 2026.
Funds may offer multiple share classes
RBC BlueBay Enhanced Income Fund filed an application on November 7, 2025 asking the SEC for permission to issue multiple classes of shares. If approved, investors in that fund could be offered different types of shares with different terms and fee arrangements.
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