RBC International Equity Currency Neutral Fund

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Dominic Wallington

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Mayur Nallamala

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Investment Objective

To provide long-term capital growth. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in equity securities of companies outside of North America while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar. The fund aims to provide exposure to economies that offer different business cycles and growth opportunities than North American markets.

Fund Details

Series: A
Fund Code: RBF408
Load Structure: No Load
Currency: CAD
Inception Date: Apr, 2014
Series A NAV $: 12.49
Series A MER %: 2.18
Adjusted A MER %: 2.13
Benchmark:
  • MSCI EAFE Total Return Net Index (local currency)


  • Income Distribution: Annually
    Capital Gains Distribution: Annually
    Sales Status: Open
    Minimum Investment $: 500
    Subsequent Investment $: 25

    Notes:

    Resources


    Performance Analysis as of  May 31, 2017

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    Unilever PLC 3.5
    Roche Holding AG Dividend Right Cert. 3.0
    SoftBank Group Corp 2.7
    Mitsubishi UFJ Financial Group Inc 2.6
    CSL Ltd 2.5
    RELX NV 2.5
    Sampo Oyj A 2.3
    Novo Nordisk A/S B 2.3
    Sage Group (The) PLC 2.1
    Sysmex Corp 2.1
    % Assets
    Total % of Top Ten Holdings 25.6
    Total Number of Stock Holdings 74
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 1
    Total Number of Holdings 75
    Equity Style
    Statistics
    P/B Ratio 2.8
    P/E Ratio 19.0
    Avg. Mkt Cap. $Bil 41.2
    Top Geographic Allocations
    % Assets
    United Kingdom 25.6
    Eurozone 23.6
    Japan 19.1
    Europe (Ex Eurozone) 15.7
    Australia 4.8
    Asia (Emerging) 4.1
    Asia (Developed) 3.9
    Canada 1.8
    United States 1.5
    Global Equity Sectors
    % Equity
    Financials 16.5
    Health Care 15.5
    Consumer Staples 15.3
    Industrials 13.6
    Consumer Discretionary 13.3
    Information Technology 11.9
    Materials 7.9
    Telecommunications Services 3.6
    Energy 2.5