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RBC Qube Market Neutral World Equity Fund Series A U$

Alternative Market Neutrl

NAVPS
(07-11-2024)
$10.25
Change
-$0.10 (-0.97%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

RBC Qube Market Neutral World Equity Fund Series A U$

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Fund Returns

Inception Return (August 31, 2017): 2.27%

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 0.82% 4.15% 15.77% 15.77% 18.96% 13.41% 11.54% 8.15% 5.33% 2.34% - - - -
Benchmark -1.78% -1.53% 2.48% 2.48% 8.46% 7.97% 2.53% 12.23% 8.30% 7.66% 7.83% 8.16% 6.80% 4.32%
Category Average 1.12% 5.96% 5.96% 5.96% 7.50% 5.80% 0.20% 1.60% -0.17% - - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.17% 2.52% 1.47% -0.40% 1.60% -2.56% 5.39% 3.92% 1.49% 1.41% 1.88% 0.82%
Benchmark 3.07% -3.95% -3.25% -5.66% 9.77% 6.71% -0.73% 0.52% 4.30% -3.22% 3.59% -1.78%

Best Monthly Return Since Inception

5.39% (January 2024)

Worst Monthly Return Since Inception

-5.24% (June 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -2.62% -12.96% -8.94% 12.52% 10.59% 3.38%
Benchmark 1.21% -23.03% 24.77% 16.79% -16.21% 29.06% 7.72% 25.62% -11.86% 14.44%
Category Average - - - - - - -3.57% -6.24% -1.79% 4.02%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

12.52% (2021)

Worst Calendar Return (Last 10 years)

-12.96% (2019)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 86.37
Foreign Government Bonds 11.67
International Equity 7.68
Canadian Equity -1.51
US Equity -4.21

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 86.37
Fixed Income 11.67
Technology 8.07
Utilities 4.92
Financial Services 3.76
Other -14.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.29
Asia 5.07
Latin America 1.91
Europe 1.52
Africa and Middle East -0.79

Top Holdings

Top Holdings
Name Percent
United States Treasury 16-May-2024 28.65
United States Treasury 09-Apr-2024 24.00
United States Treasury 11-Jun-2024 19.76
US Dollar 13.93
United States Treasury Bill Jul 02, 2024 11.67
Endesa SA 3.47
Ameriprise Financial Inc 3.38
UniCredit SpA 3.08
Applied Materials Inc 3.04
AmerisourceBergen Corp 2.99

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

RBC Qube Market Neutral World Equity Fund Series A U$

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 6.22% 6.77% -
Beta -0.02% -0.05% -
Alpha 0.11% 0.06% -
Rsquared 0.00% 0.01% -
Sharpe 1.31% 0.49% -
Sortino 2.51% 0.56% -
Treynor -4.29% -0.72% -
Tax Efficiency 100.00% 98.64% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.97% 6.22% 6.77% -
Beta -0.04% -0.02% -0.05% -
Alpha 0.18% 0.11% 0.06% -
Rsquared 0.00% 0.00% 0.01% -
Sharpe 1.84% 1.31% 0.49% -
Sortino 5.10% 2.51% 0.56% -
Treynor -3.34% -4.29% -0.72% -
Tax Efficiency 100.00% 100.00% 98.64% -

Fund Details

Start Date August 31, 2017
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Annual
Assets ($mil) $23

Fund Codes

FundServ Code Load Code Sales Status
RBF10580
RBF9441

Investment Objectives

The fundamental investment objective of the Fund is to provide consistent absolute return that are substantially independent of the performance of the global equity market.

Investment Strategy

The Fund intends to achieve its investment objective by investing primarily in secuities of issuers listed on global equity markets which are expected to outperform comparable securities, while selling short an equivalent dollar amount of global equity securities which are expected to underperform.

Portfolio Manager(s)

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

Management and Organization

Fund Manager RBC Global Asset Mgmt Inc.
Advisor RBC Global Asset Mgmt Inc.
Custodian Credit Suisse Securities (USA) LLC
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor Deloitte & Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.21%
Management Fee -
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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