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 $: 11.58
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  February 28, 2017

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    Mitsubishi UFJ Financial Group Inc 3.1
    Roche Holding AG Dividend Right Cert. 3.1
    Unilever PLC 3.0
    SoftBank Group Corp 2.8
    CSL Ltd 2.7
    RELX NV 2.3
    Burberry Group PLC 2.2
    Royal Dutch Shell PLC Class A 2.1
    Japan Tobacco Inc 2.0
    Diageo PLC 1.9
    % Assets
    Total % of Top Ten Holdings 25.0
    Total Number of Stock Holdings 75
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 1
    Total Number of Holdings 76
    Equity Style
    Statistics
    P/B Ratio 2.5
    P/E Ratio 18.0
    Avg. Mkt Cap. $Bil 39.3
    Top Geographic Allocations
    % Assets
    United Kingdom 27.4
    Japan 20.5
    Eurozone 17.9
    Europe (Ex Eurozone) 15.4
    Australia 5.0
    Asia (Emerging) 4.2
    Asia (Developed) 4.1
    Canada 3.3
    United States 2.2
    Global Equity Sectors
    % Equity
    Financials 17.7
    Health Care 15.4
    Consumer Staples 14.6
    Consumer Discretionary 13.5
    Industrials 12.9
    Information Technology 10.2
    Materials 8.1
    Telecommunications Services 3.8
    Energy 3.7
    Utilities 0.1