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 $: 11.70
Series A MER %: 2.13
  • MSCI EAFE Total Return Net Index (C$)

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



    Performance Analysis as of  February 28, 2019

    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 4.3
    RELX PLC 4.0
    Diageo PLC 3.7
    Roche Holding AG Dividend Right Cert. 3.5
    CSL Ltd 3.5
    SoftBank Group Corp 3.2
    Heineken NV 3.2
    Novo Nordisk A/S B 2.9
    London Stock Exchange Group PLC 2.9
    Sika AG Registered Shares 2.4
    % Assets
    Total % of Top Ten Holdings 33.7
    Total Number of Stock Holdings 71
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 1
    Total Number of Holdings 72
    Equity Style
    P/B Ratio 2.3
    P/E Ratio 16.4
    Avg. Mkt Cap. $Bil 46.1
    Top Geographic Allocations
    % Assets
    United Kingdom 32.7
    Japan 18.8
    Eurozone 17.2
    Europe (Ex Eurozone) 14.3
    Australia 5.5
    Asia (Emerging) 4.9
    Asia (Developed) 3.6
    Canada 1.8
    United States 1.2
    Global Equity Sectors
    % Equity
    Financials 18.1
    Health Care 18.0
    Consumer Staples 16.2
    Industrials 13.8
    Consumer Discretionary 12.9
    Materials 6.2
    Telecommunications Services 6.2
    Information Technology 5.6
    Energy 3.0

    Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.