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RBC International Equity Currency Neutral Fund Series A

International Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022

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NAVPS
(06-12-2024)
$17.43
Change
$0.13 (0.75%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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RBC International Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (April 28, 2014): 7.98%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 3.81% 7.06% 17.27% 13.79% 21.38% 14.12% 7.77% 12.42% 11.16% 8.32% 7.79% 8.30% 6.50% 7.75%
Benchmark 2.60% 4.50% 12.27% 9.03% 17.70% 13.51% 5.75% 9.87% 7.82% 5.88% 5.71% 7.46% 6.17% 6.99%
Category Average 3.22% 11.98% 11.98% 8.74% 15.37% 11.77% 3.79% 8.54% 6.87% 5.11% 4.75% 6.33% 4.89% 5.65%
Category Rank 161 / 785 139 / 783 31 / 774 68 / 775 89 / 753 199 / 722 87 / 701 90 / 660 24 / 624 53 / 545 61 / 503 83 / 448 114 / 372 90 / 349
Quartile Ranking 1 1 1 1 1 2 1 1 1 1 1 1 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.72% 0.78% -1.70% -1.99% -1.26% 5.10% 3.07% 2.43% 3.76% 4.04% -0.87% 3.81%
Benchmark 1.52% 3.11% -1.30% -3.65% -1.92% 7.38% 2.98% 0.90% 3.40% 3.12% -1.23% 2.60%

Best Monthly Return Since Inception

11.18% (November 2020)

Worst Monthly Return Since Inception

-13.66% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 10.86% -2.86% 17.62% -15.96% 27.52% 10.67% 16.02% -11.99% 15.66%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking - 4 3 2 4 1 2 1 2 2
Category Rank - 301/ 363 249/ 408 222/ 468 514/ 530 23/ 598 269/ 652 62/ 683 346/ 706 223/ 737

Best Calendar Return (Last 10 years)

27.52% (2019)

Worst Calendar Return (Last 10 years)

-15.96% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 96.03
Cash and Equivalents 3.99
Other -0.02

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.65
Consumer Goods 17.74
Healthcare 11.94
Technology 10.14
Industrial Services 9.64
Other 28.89

Geographic Allocation

Geographic Allocation
Name Percent
Europe 63.82
Asia 32.42
North America 3.77
Other -0.01

Top Holdings

Top Holdings
Name Percent
RBC International Equity Fund Series O 98.98
Canadian Dollar 1.02
US Dollar 0.00

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

RBC International Equity Currency Neutral Fund Series A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 12.91% 14.33% 12.76%
Beta 0.85% 0.95% 0.89%
Alpha 0.03% 0.04% 0.02%
Rsquared 0.79% 0.81% 0.75%
Sharpe 0.42% 0.67% 0.54%
Sortino 0.64% 0.91% 0.60%
Treynor 0.06% 0.10% 0.08%
Tax Efficiency 79.51% 90.59% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.77% 12.91% 14.33% 12.76%
Beta 0.75% 0.85% 0.95% 0.89%
Alpha 0.07% 0.03% 0.04% 0.02%
Rsquared 0.81% 0.79% 0.81% 0.75%
Sharpe 1.71% 0.42% 0.67% 0.54%
Sortino 4.80% 0.64% 0.91% 0.60%
Treynor 0.20% 0.06% 0.10% 0.08%
Tax Efficiency 99.29% 79.51% 90.59% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

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Fund Details

Start Date April 28, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $212

Fund Codes

FundServ Code Load Code Sales Status
RBF408

Investment Objectives

To provide long-term capital growth. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in equity securities of companies outside of North America while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar.

Investment Strategy

The fund invests its assets primarily in units of the RBC International Equity Fund, which is sub-advised by RBC Global Asset Management (UK) Limited (for the European equity portion of the fund) and RBC Global Asset Management (Asia) Limited (for the Asian equity portion of the fund), or underlying funds managed by RBC GAM or an affiliate of RBC GAM.

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 08-03-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.13%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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