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RBC U.S. Dividend Currency Neutral Fund Series A

U.S. Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-18-2024)
$20.43
Change
-$0.19 (-0.93%)

As at June 30, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

RBC U.S. Dividend Currency Neutral Fund Series A

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Fund Returns

Inception Return (May 16, 2016): 10.39%

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 3.13% 4.08% 14.92% 14.92% 20.94% 15.80% 7.40% 13.92% 10.80% 10.21% 9.72% 10.24% - -
Benchmark 3.97% 5.34% 19.31% 19.31% 28.76% 25.79% 13.71% 17.14% 16.08% 15.00% 15.15% 15.56% 14.64% 15.71%
Category Average 1.69% - - - - - - - - - - - - -
Category Rank 83 / 233 54 / 233 57 / 232 57 / 232 72 / 229 98 / 219 154 / 215 80 / 213 77 / 208 72 / 174 62 / 150 57 / 130 - -
Quartile Ranking 2 1 1 1 2 2 3 2 2 2 2 2 - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.70% -1.70% -4.13% -2.04% 7.13% 3.61% 2.16% 4.41% 3.52% -3.76% 4.87% 3.13%
Benchmark 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70% 4.13% 3.97%

Best Monthly Return Since Inception

11.66% (November 2020)

Worst Monthly Return Since Inception

-13.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 17.86% -8.26% 24.73% 8.65% 25.81% -14.65% 13.68%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking - - - 1 4 1 1 2 4 1
Category Rank - - - 9/ 143 146/ 171 12/ 197 36/ 213 56/ 215 215/ 218 21/ 219

Best Calendar Return (Last 10 years)

25.81% (2021)

Worst Calendar Return (Last 10 years)

-14.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 92.52
Cash and Equivalents 4.42
International Equity 3.06

Sector Allocation

Sector Allocation
Name Percent
Technology 31.04
Healthcare 14.32
Financial Services 12.46
Consumer Services 9.76
Energy 6.07
Other 26.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.94
Europe 3.06

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 7.10
NVIDIA Corp 5.08
Apple Inc 4.84
Bank of Nova Scotia UTD 5.400% Apr 01, 2024 4.59
Amazon.com Inc 3.96
Alphabet Inc Cl A 3.82
JPMorgan Chase & Co 2.34
Exxon Mobil Corp 2.15
Meta Platforms Inc Cl A 2.10
Johnson & Johnson 1.86

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 U.S. Dividend Currency Neutral Fund Series A

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 15.63% 16.59% -
Beta 1.01% 1.09% -
Alpha -0.06% -0.06% -
Rsquared 0.88% 0.86% -
Sharpe 0.34% 0.58% -
Sortino 0.51% 0.77% -
Treynor 0.05% 0.09% -
Tax Efficiency 90.73% 95.32% -
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 -

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.63% 15.63% 16.59% -
Beta 0.98% 1.01% 1.09% -
Alpha -0.06% -0.06% -0.06% -
Rsquared 0.84% 0.88% 0.86% -
Sharpe 1.19% 0.34% 0.58% -
Sortino 2.54% 0.51% 0.77% -
Treynor 0.15% 0.05% 0.09% -
Tax Efficiency 99.82% 90.73% 95.32% -

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.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date May 16, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $129

Fund Codes

FundServ Code Load Code Sales Status
RBF431

Investment Objectives

To achieve long-term capital growth and regular dividend income while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollars. The fund invests primarily in common and preferred shares of U.S. companies with above average dividend yields either directly or indirectly through investment in other mutual funds managed by RBC GAM or an affiliate of RBC GAM. The fund will also use derivatives to hedge against the fluctuations in the value of the U$ relative to the C$.

Investment Strategy

Currently, the fund invests directly in common and preferred shares of U.S. companies with above average dividend yields. The fund’s investment process is primarily based on fundamental research, although the portfolio manager will also consider quantitative and technical factors. Stock selection decisions are ultimately based on an understanding of the company, its business and its outlook.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 08-09-2021

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 0

Fees

MER 1.89%
Management Fee 1.60%
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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