EX-99.(H)(7)(I) 2 d235757dex99h7i.htm AMENDMENT DATED APRIL 12, 2021 Amendment dated April 12, 2021

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 12, 2021, 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 Impact Bond 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

 

   

  Class  
Y

 

      Initial Term Through*     

  Recoupment  
Duration

 

Access Capital Community Investment Fund

 

    0.80%    0.45%    NA    0.40%    NA   

January 31, 2018 with

respect to Class A and I;

January 31, 2021 with

respect to Class IS

 

    12 months

RBC BlueBay Emerging Market Debt Fund

 

    1.04%    0.79%    0.74%    NA    NA    January 31, 2018    36 months
RBC BlueBay Global Bond Fund    0.77%    0.52%    0.47%    NA    NA   

January 31, 2018 with

respect to Classes I and

R6; January 31, 2021

with respect to Class A

 

    36 months

RBC BlueBay High Yield Bond Fund

 

    0.82%    0.57%    NA    NA    NA    January 31, 2018    36 months

RBC Emerging Markets Equity Fund

 

    1.13%    0.88%    0.88%    NA    NA    September 30, 2018    36 months

RBC Emerging Markets Small Cap Equity Fund

 

    1.49%    1.24%    NA    NA    NA    July 31, 2018    36 months

RBC Emerging Markets Value Equity Fund

 

    NA    0.95%    0.88%    NA    NA    July 31, 2019    36 months

RBC Enterprise     Fund

 

    1.33%    1.08%    NA    NA    NA    January 31, 2018    12 months
RBC Global Opportunities Fund    1.00%    0.75%    0.70%    NA    NA   

July 31, 2018 with

respect to Classes I and

R6; July 31, 2021 with

respect to Class A

 

    36 months

    

 

Operating Expense Limits – By Class

 

          
Fund Name   

 

  Class  
A

 

   

  Class  
I

 

   

  Class  
R6

 

   

  Class  
IS

 

   

  Class  
Y

 

      Initial Term Through*     

  Recoupment  
Duration

 

RBC Impact Bond Fund    0.70%    0.45%    0.40%    NA    0.40%   

January 31, 2019 with

respect to Classes I and R6; January 31, 2021 with respect to Class A; January 31, 2022 with respect to Class Y

 

    36 months
RBC International Opportunities Fund    1.05%    0.80%    0.75%    NA    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    NA    January 31, 2018    12 months

RBC Short Duration Fixed Income Fund

 

    0.45%    0.35%    NA    NA    NA    July 31, 2018    36 months

RBC Small Cap Core Fund

 

    1.15%    0.90%    0.87%    NA    NA    January 31, 2018    12 months

RBC Small Cap Growth Fund

 

    1.14%    0.89%    0.79%    NA    NA    January 31, 2022    36 months
RBC Small Cap Value Fund    1.10%    0.85%    0.80%    NA    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    NA    January 31, 2019    12 months

RBC Ultra-Short     Fixed Income Fund

 

    0.38%    0.28%    NA    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.