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RBC U.S. Mid-Cap Growth Equity Currency Neutral Fund Series A

U.S. Small/Mid Cap Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-12-2024)
$25.60
Change
$0.35 (1.37%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

RBC U.S. Mid-Cap Growth Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (February 03, 2006): 5.22%

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 1.50% -3.36% 9.90% 3.99% 16.48% 8.45% 2.60% 9.39% 8.82% 7.90% 9.46% 9.73% 8.24% 8.52%
Benchmark 3.32% 2.37% 15.80% 8.98% 23.55% 12.31% 6.14% 12.74% 10.00% 8.36% 8.79% 10.12% 8.78% 10.60%
Category Average 2.34% 11.53% 11.53% 4.74% 17.03% 7.04% 1.64% 9.13% 5.96% 4.37% 4.98% 6.20% 5.42% 6.65%
Category Rank 227 / 277 277 / 277 177 / 276 188 / 276 128 / 272 103 / 265 93 / 252 98 / 233 53 / 196 45 / 186 23 / 172 30 / 158 39 / 140 66 / 136
Quartile Ranking 4 4 3 3 2 2 2 2 2 1 1 1 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 6.96% 2.71% -3.36% -5.02% -5.79% 11.57% 5.67% 0.52% 7.06% 1.30% -6.01% 1.50%
Benchmark 6.21% 3.66% -0.56% -5.43% -3.48% 6.78% 6.26% -0.78% 7.29% 4.69% -5.36% 3.32%

Best Monthly Return Since Inception

13.34% (November 2020)

Worst Monthly Return Since Inception

-20.74% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.59% -2.71% 5.78% 19.68% -2.26% 26.53% 18.57% 22.06% -23.04% 18.97%
Benchmark 18.40% 11.76% 14.08% 8.66% -2.87% 21.65% 11.78% 20.00% -11.77% 13.76%
Category Average 10.57% 6.25% 9.80% 10.84% -7.63% 15.90% 4.61% 23.16% -17.30% 11.64%
Quartile Ranking 4 4 3 1 3 1 1 2 4 1
Category Rank 110/ 124 122/ 138 116/ 157 6/ 161 91/ 181 9/ 192 26/ 208 116/ 252 214/ 254 9/ 272

Best Calendar Return (Last 10 years)

26.53% (2019)

Worst Calendar Return (Last 10 years)

-23.04% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 92.11
International Equity 4.40
Cash and Equivalents 1.84
Canadian Equity 1.64
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 26.16
Healthcare 16.46
Consumer Services 14.85
Financial Services 10.56
Industrial Goods 8.81
Other 23.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.60
Europe 3.62
Latin America 0.78

Top Holdings

Top Holdings
Name Percent
Apollo Global Management Inc 2.21
DexCom Inc 2.13
W W Grainger Inc 1.91
Copart Inc 1.85
Crowdstrike Holdings Inc Cl A 1.79
Ameriprise Financial Inc 1.75
Ross Stores Inc 1.65
Spotify Technology SA 1.62
Bank of Nova Scotia UTD 5.400% Apr 01, 2024 1.54
IDEXX Laboratories Inc 1.51

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. Mid-Cap Growth Equity Currency Neutral Fund Series A

Median

Other - U.S. Small/Mid Cap Equity

3 Yr Annualized

Standard Deviation 19.38% 20.04% 16.78%
Beta 1.05% 1.02% 0.90%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.85% 0.87% 0.76%
Sharpe 0.08% 0.42% 0.49%
Sortino 0.10% 0.56% 0.58%
Treynor 0.01% 0.08% 0.09%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 19.75% 19.38% 20.04% 16.78%
Beta 1.11% 1.05% 1.02% 0.90%
Alpha -0.08% -0.03% -0.01% -0.01%
Rsquared 0.86% 0.85% 0.87% 0.76%
Sharpe 0.62% 0.08% 0.42% 0.49%
Sortino 1.31% 0.10% 0.56% 0.58%
Treynor 0.11% 0.01% 0.08% 0.09%
Tax Efficiency 100.00% 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 February 03, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $18

Fund Codes

FundServ Code Load Code Sales Status
RBF589

Investment Objectives

To provide long-term capital growth by investing primarily in U.S. mid-capitalized equity investments and common stock equivalents while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollars. The fund invests primarily in equity securities of mid-cap companies in order to provide broad exposure to economic growth opportunities in the U.S. market. The fund will also use derivatives to hedge against fluctuations in the value of the U.S. dollar relative to the C$.

Investment Strategy

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. The fund employs investment strategies similar to those of the RBC U.S. Mid-Cap Growth Equity Fund, but also employs strategies to minimize the effect on the fund of currency fluctuations between the U.S. and Canadian dollars.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 01-01-2006
Brendon Sattich 11-01-2021
Shanthu David 11-01-2021
David Tron 11-01-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
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 100

Fees

MER 2.04%
Management Fee 1.75%
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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