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RBC Qube Market Neutral World Equity Fund (CAD Hedged) Series A

Alternative Market Neutrl

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$9.69
Change
$0.01 (0.15%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

RBC Qube Market Neutral World Equity Fund (CAD Hedged) Series A

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Fund Returns

Inception Return (August 31, 2017): 1.81%

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 0.77% 4.06% 15.42% 15.42% 18.38% 12.99% 11.29% 7.91% 5.03% 1.95% - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 1.12% 5.96% 5.96% 5.96% 7.50% 5.80% 0.20% 1.60% -0.17% - - - - -
Category Rank 20 / 28 5 / 28 5 / 27 5 / 27 4 / 27 4 / 27 4 / 26 8 / 16 9 / 14 - - - - -
Quartile Ranking 3 1 1 1 1 1 1 2 3 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.13% 2.54% 1.40% -0.43% 1.52% -2.55% 5.24% 3.89% 1.45% 1.41% 1.83% 0.77%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

5.24% (January 2024)

Worst Monthly Return Since Inception

-5.43% (June 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -3.45% -13.60% -9.14% 12.26% 10.62% 2.95%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - -3.57% -6.24% -1.79% 4.02%
Quartile Ranking - - - - - - 3 2 1 3
Category Rank - - - - - - 12/ 16 6/ 23 5/ 27 18/ 27

Best Calendar Return (Last 10 years)

12.26% (2021)

Worst Calendar Return (Last 10 years)

-13.60% (2019)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 86.42
Foreign Government Bonds 11.63
International Equity 7.66
Canadian Equity -1.51
US Equity -4.20

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 86.41
Fixed Income 11.63
Technology 8.05
Utilities 4.90
Financial Services 3.74
Other -14.73

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.31
Asia 5.05
Latin America 1.90
Europe 1.50
Africa and Middle East -0.79
Other 0.03

Top Holdings

Top Holdings
Name Percent
RBC Qube Market Neutral World Equity Fund O U$ 99.68
Canadian Dollar 0.29
US Dollar 0.03

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 (CAD Hedged) Series A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 6.16% 6.71% -
Beta -0.03% -0.05% -
Alpha 0.11% 0.06% -
Rsquared 0.00% 0.01% -
Sharpe 1.29% 0.46% -
Sortino 2.44% 0.49% -
Treynor -3.14% -0.64% -
Tax Efficiency 100.00% 98.52% -
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 6.88% 6.16% 6.71% -
Beta -0.04% -0.03% -0.05% -
Alpha 0.18% 0.11% 0.06% -
Rsquared 0.00% 0.00% 0.01% -
Sharpe 1.79% 1.29% 0.46% -
Sortino 4.93% 2.44% 0.49% -
Treynor -3.04% -3.14% -0.64% -
Tax Efficiency 100.00% 100.00% 98.52% -

Fund Details

Start Date August 31, 2017
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $17

Fund Codes

FundServ Code Load Code Sales Status
RBF10590
RBF441

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
Sarah Riopelle 02-22-2021
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) 0.00%
Trailer Fee Max (LL) -

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