RBC Global Asset Management Inc. re-opens Phillips, Hager & North Short Term Bond & Mortgage Fund to New Investors

RBC Global Asset Management Inc. (RBC GAM Inc.) announced that the Phillips, Hager & North Short Term Bond & Mortgage Fund (the Fund) will re-open to new investors.

Each investment team at RBC Global Asset Management continually evaluates the market and other conditions relevant to their respective mandates. The Fund was capped to new investors on July 4, 2016, to manage inflows. The managers of the Fund have since determined that capacity in the short-term bond market makes it possible to re-open the Fund for purchases by new investors. RBC GAM Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date.

The Fund seeks to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of short-term fixed income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC GAM Inc. and distributed through authorized dealers.