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RBC QUBE Low Volatility U.S. Equity Currency Neutral Fund Series A

U.S. Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-24-2024)
$15.31
Change
$0.01 (0.09%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

RBC QUBE Low Volatility U.S. Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (May 16, 2016): 7.40%

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 -3.66% 0.28% 10.72% 2.30% 5.54% 3.67% 3.30% 8.94% 4.88% 6.59% 6.82% - - -
Benchmark -2.70% 7.00% 19.89% 10.21% 24.18% 16.33% 12.19% 16.16% 13.73% 14.54% 13.35% 15.12% 13.99% 14.98%
Category Average -3.34% 18.94% 18.94% 8.14% 20.65% 12.22% 7.69% 13.48% 10.38% 10.73% 10.14% 11.37% 10.04% 10.81%
Category Rank 897 / 1,370 1,349 / 1,364 1,285 / 1,349 1,322 / 1,355 1,259 / 1,285 1,196 / 1,226 1,028 / 1,153 1,020 / 1,090 973 / 989 848 / 887 755 / 815 - - -
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.93% 4.09% 1.66% -1.30% -3.59% -1.45% 4.89% 3.19% 2.01% 1.31% 2.75% -3.66%
Benchmark 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70%

Best Monthly Return Since Inception

8.93% (April 2020)

Worst Monthly Return Since Inception

-14.28% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 17.53% -1.27% 22.08% 0.54% 20.08% -10.30% 7.28%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking - - - 2 3 3 4 3 2 4
Category Rank - - - 261/ 777 518/ 869 636/ 944 998/ 1,057 845/ 1,133 300/ 1,190 1,162/ 1,254

Best Calendar Return (Last 10 years)

22.08% (2019)

Worst Calendar Return (Last 10 years)

-10.30% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 94.28
International Equity 4.99
Canadian Equity 0.80
Cash and Equivalents -0.08
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Healthcare 17.33
Consumer Goods 16.70
Financial Services 14.07
Industrial Services 13.05
Utilities 9.68
Other 29.17

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.01
Europe 4.96
Latin America 0.03

Top Holdings

Top Holdings
Name Percent
Merck & Co Inc 3.07
Kimberly-Clark Corp 3.05
Colgate-Palmolive Co 3.03
Coca-Cola Co 2.99
Consolidated Edison Inc 2.97
Procter & Gamble Co 2.97
Abbvie Inc 2.96
PepsiCo Inc 2.92
Automatic Data Processing Inc 2.91
Johnson & Johnson 2.88

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 QUBE Low Volatility U.S. Equity Currency Neutral Fund Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 13.80% 15.34% -
Beta 0.80% 0.93% -
Alpha -0.06% -0.07% -
Rsquared 0.71% 0.76% -
Sharpe 0.10% 0.26% -
Sortino 0.12% 0.26% -
Treynor 0.02% 0.04% -
Tax Efficiency 69.82% 85.30% -
Volatility 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 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.93% 13.80% 15.34% -
Beta 0.75% 0.80% 0.93% -
Alpha -0.11% -0.06% -0.07% -
Rsquared 0.64% 0.71% 0.76% -
Sharpe 0.11% 0.10% 0.26% -
Sortino 0.41% 0.12% 0.26% -
Treynor 0.02% 0.02% 0.04% -
Tax Efficiency 100.00% 69.82% 85.30% -

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 Annual
Assets ($mil) $133

Fund Codes

FundServ Code Load Code Sales Status
RBF432

Investment Objectives

To provide long-term capital growth while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollars. The fund invests primarily in equity securities of U.S. companies using a quantitative investment approach either directly or indirectly through investment in other mutual funds managed by RBC GAM or an affiliate of RBC GAM. The fund seeks to achieve a reduced level of volatility of returns as compared to the broader U.S. equity market.

Investment Strategy

Currently, the fund invests directly in equity securities of U.S. companies. The fund is managed using a quantitative investment model designed to select individual stocks while controlling portfolio-level risk. This involves building a portfolio that maximizes exposure to factors associated with outperformance, while controlling for exposure to risk factors.

Portfolio Manager(s)

Name Start Date
Oliver McMahon 11-01-2021
Norman So 11-01-2021

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 1.88%
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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