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RBC QUBE Market Neutral World Equity Fund (CAD Hedged) Series A
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade A
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade E
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FundGrade A+® Rating Recipient
2025
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|
NAVPS (07-29-2026) |
$11.73 |
|---|---|
| Change |
$0.09
(0.77%)
|
As at June 30, 2026
As at February 28, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (August 31, 2017): 2.83%
| 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 | -1.16% | -4.50% | -4.53% | -4.53% | 2.65% | 6.37% | 10.23% | 9.63% | 9.29% | 7.39% | 5.41% | 3.04% | - | - |
| Benchmark | 0.50% | 6.96% | 11.16% | 11.16% | 32.87% | 29.58% | 23.48% | 20.08% | 14.85% | 17.82% | 14.73% | 13.31% | 12.99% | 12.79% |
| Category Average | 0.01% | 0.34% | 0.60% | 0.60% | 3.43% | 4.71% | 5.63% | 5.25% | 1.98% | 2.63% | 1.20% | - | - | - |
| Category Rank | 38 / 40 | 39 / 40 | 39 / 40 | 39 / 40 | 24 / 40 | 13 / 37 | 7 / 34 | 7 / 31 | 4 / 26 | 8 / 16 | 8 / 14 | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 3 | 2 | 1 | 1 | 1 | 2 | 3 | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.92% | 1.86% | 2.06% | 1.69% | 0.76% | 1.87% | -0.43% | -0.14% | 0.54% | -2.78% | -0.61% | -1.16% |
| Benchmark | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% |
Best Monthly Return Since Inception
5.24% (January 2024)
Worst Monthly Return Since Inception
-5.43% (June 2018)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | -3.45% | -13.60% | -9.14% | 12.26% | 10.62% | 2.95% | 18.45% | 15.48% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | 3 | 2 | 1 | 3 | 1 | 1 |
| Category Rank | - | - | - | - | 12/ 16 | 6/ 23 | 5/ 31 | 18/ 34 | 6/ 34 | 4/ 40 |
Best Calendar Return (Last 10 years)
18.45% (2024)
Worst Calendar Return (Last 10 years)
-13.60% (2019)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 97.90 |
| International Equity | 4.92 |
| Foreign Government Bonds | 2.34 |
| Canadian Equity | -2.03 |
| US Equity | -3.13 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 97.90 |
| Technology | 8.81 |
| Telecommunications | 4.99 |
| Fixed Income | 2.34 |
| Healthcare | 1.29 |
| Other | -15.33 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.09 |
| Asia | 3.15 |
| Europe | 0.90 |
| Latin America | 0.81 |
| Other | 0.05 |
Top Holdings
| Name | Percent |
|---|---|
| RBC Qube Market Neutral World Equity Fund O U$ | 98.62 |
| Canadian Dollar | 2.41 |
| US Dollar | -1.03 |
Equity Style
Fixed Income Style
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 | 6.09% | 5.90% | - |
|---|---|---|---|
| Beta | -0.12 | -0.06 | - |
| Alpha | 0.13 | 0.10 | - |
| Rsquared | 0.04% | 0.02% | - |
| Sharpe | 1.06 | 1.04 | - |
| Sortino | 2.10 | 1.81 | - |
| Treynor | -0.54 | -0.96 | - |
| Tax Efficiency | 100.00% | 100.00% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.20% | 6.09% | 5.90% | - |
| Beta | 0.03 | -0.12 | -0.06 | - |
| Alpha | 0.02 | 0.13 | 0.10 | - |
| Rsquared | 0.00% | 0.04% | 0.02% | - |
| Sharpe | 0.08 | 1.06 | 1.04 | - |
| Sortino | -0.07 | 2.10 | 1.81 | - |
| Treynor | 0.16 | -0.54 | -0.96 | - |
| Tax Efficiency | 100.00% | 100.00% | 100.00% | - |
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 | August 31, 2017 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $516 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF10590 | ||
| RBF441 |
Investment Objectives
• To provide consistent capital growth that is substantially independent of the performance of the global equity market by investing primarily in units of the RBC QUBE Market Neutral World Equity Fund (the underlying fund), while seeking to minimize exposure to currency fluctuations between the U.S dollar and the Canadian dollar. The underlying fund may engage in short sales, borrowing and/or derivatives for investment purposes. We will not change the fundamental investment objectives of the fun
Investment Strategy
It is currently expected that the fund will invest up to 100% of its net assets in units of the underlying fund. The fund also employs strategies to minimize the effect on the fund of currency fluctuations between the U.S dollar and the Canadian dollar. The underlying 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
Portfolio Management
| Portfolio Manager |
RBC Global Asset Mgmt Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Mgmt Inc. |
|---|---|
| Custodian |
Bank of Nova Scotia |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.16% |
|---|---|
| Management Fee | 2.00% |
| 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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