RBC International Index Currency Neutral Fund

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State Street Global Advisors (Montreal)

Investment Objective

To provide long-term capital growth, while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar, by tracking the performance of its benchmark through investment in units of the iShares Core MSCI EAFE IMI Index ETF.

Fund Details

Series: A
Fund Code: RBF559
Load Structure: No Load
Currency: CAD
Inception Date: Oct, 1998
Series A NAV $: 10.76
Series A MER %: 0.62
Benchmark:
  • MSCI EAFE IMI Hedged 100% to CAD Net Index


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

    Notes: Fund’s investment objective changed effective June 30, 2017. Effective on or about September 15, 2017, the fund’s benchmark changed.
     
    Following unitholder approval received on March 22, 2019, the fund's investment objective and benchmark will change, effective on or about April 8, 2019.

    Resources


    Performance Analysis as of  March 31, 2019

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    Nestle SA 1.7
    Novartis AG 1.2
    Roche Holding AG Dividend Right Cert. 1.1
    HSBC Holdings PLC 0.9
    BP PLC 0.8
    Royal Dutch Shell PLC Class A 0.8
    Toyota Motor Corp 0.8
    Total SA 0.8
    AIA Group Ltd 0.7
    SAP SE 0.7
    % Assets
    Total % of Top Ten Holdings 9.5
    Total Number of Stock Holdings 1,089
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 7
    Total Number of Holdings 1,096
    Equity Style
    Statistics
    P/B Ratio 1.3
    P/E Ratio 13.0
    Avg. Mkt Cap. $Bil 40.8
    Top Geographic Allocations
    % Assets
    Eurozone 27.3
    Japan 23.1
    United Kingdom 15.5
    Europe (Ex Eurozone) 12.9
    Australia 6.6
    Other 4.9
    Asia (Developed) 4.6
    Canada 2.7
    United States 1.3
    Middle East 0.6
    Asia (Emerging) 0.6
    Latin America 0.0
    Global Equity Sectors
    % Equity
    Financials 17.6
    Industrials 15.2
    Consumer Discretionary 11.4
    Consumer Staples 10.9
    Health Care 10.7
    Materials 7.4
    Information Technology 6.9
    Real Estate 5.3
    Energy 5.2
    Telecommunications Services 5.1
    Utilities 3.3
    Other 0.9

    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.