Toronto-based RBC Global Asset Management Inc. (RBC GAM) on Thursday announced changes to the risk rating of several of its mutual funds.

“The changes are based on the new methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds,” the company says in its announcement.

The changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies or management of the funds, RBC GAM adds.

The changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective June 30.

A complete list of the changes is available in the firm’s announcement.