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RBC Qube Market Neutral World Equity Fund Series A U$

Alternative Market Neutrl

NAVPS
(05-27-2025)
$11.33
Change
$0.00 (0.03%)

As at April 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$8,000$10,000$12,000$6,000$14,000$9,000$11,000$13,000Period

Legend

RBC Qube Market Neutral World Equity Fund Series A U$

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Fund Returns

Inception Return (August 31, 2017): 3.08%

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 2.33% 3.76% 6.10% 5.06% 11.16% 15.29% 11.07% 11.36% 8.20% 5.05% 2.41% - - -
Benchmark 3.98% 2.77% 5.12% 5.64% 17.29% 12.23% 6.81% 6.89% 14.53% 9.79% 9.06% 9.15% 8.74% 6.81%
Category Average 0.79% 0.50% 2.23% 1.02% 6.54% 6.61% 4.46% 1.41% 2.24% 1.05% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-8%-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.88% 0.82% -2.82% 1.40% -0.37% 3.90% -0.41% 1.41% 1.25% 0.98% 0.41% 2.33%
Benchmark 3.59% -1.78% 4.94% 3.61% 3.05% -2.13% 5.66% -5.82% 2.80% -0.09% -1.08% 3.98%

Best Monthly Return Since Inception

5.39% (January 2024)

Worst Monthly Return Since Inception

-5.24% (June 2018)

Calendar Return (%)

Created with Highcharts 10.3.3-30%-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - -2.62% -12.96% -8.94% 12.52% 10.59% 3.38% 19.26%
Benchmark -23.03% 24.77% 16.79% -16.21% 29.06% 7.72% 25.62% -11.86% 14.44% 11.82%
Category Average - - - - - -3.57% -6.24% -1.79% 4.02% 9.41%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

19.26% (2024)

Worst Calendar Return (Last 10 years)

-12.96% (2019)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.65
International Equity 2.66
Canadian Equity -0.84
US Equity -2.46
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.65
Technology 7.19
Financial Services 6.26
Telecommunications 4.30
Utilities 3.27
Other -21.67

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.32
Asia 2.25
Latin America 0.80
Europe -0.36
Other -0.01

Top Holdings

Top Holdings
Name Percent
US Dollar 18.79
United States Treasury 29-May-2025 18.58
United States Treasury 24-Apr-2025 16.13
United States Treasury 20-Mar-2025 14.51
United States Treasury 09-Jan-2025 14.16
United States Treasury 27-Feb-2025 14.08
United States Treasury 14-Jan-2025 4.35
Ameriprise Financial Inc 3.03
Automatic Data Processing Inc 2.96
Endesa SA 2.94

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213141516-5%0%5%10%15%

RBC Qube Market Neutral World Equity Fund Series A U$

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 6.39% 6.60% -
Beta -0.06% -0.08% -
Alpha 0.11% 0.09% -
Rsquared 0.01% 0.02% -
Sharpe 1.07% 0.86% -
Sortino 2.12% 1.30% -
Treynor -1.23% -0.74% -
Tax Efficiency 100.00% 100.00% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 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 5.73% 6.39% 6.60% -
Beta -0.29% -0.06% -0.08% -
Alpha 0.16% 0.11% 0.09% -
Rsquared 0.27% 0.01% 0.02% -
Sharpe 1.23% 1.07% 0.86% -
Sortino 2.43% 2.12% 1.30% -
Treynor -0.25% -1.23% -0.74% -
Tax Efficiency 100.00% 100.00% 100.00% -

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 Quarterly
Assets ($mil) $39

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 Management

Portfolio Manager

RBC Global Asset Mgmt Inc.

  • Oliver McMahon
  • Norman So
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 2.24%
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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