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RBC U.S. Equity Currency Neutral Index ETF Fund Series DZ

U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$18.19
Change
-$0.13 (-0.73%)

As at June 30, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

RBC U.S. Equity Currency Neutral Index ETF Fund Series DZ

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Fund Returns

Inception Return (October 13, 1998): 6.85%

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 3.42% 3.86% 14.30% 14.30% 22.42% 19.82% 8.27% 14.96% 12.71% 11.78% 11.88% 12.44% 11.28% 10.79%
Benchmark 3.97% 5.34% 19.31% 19.31% 28.76% 25.79% 13.71% 17.14% 16.08% 15.00% 15.15% 15.56% 14.64% 15.71%
Category Average 2.98% 15.31% 15.31% 15.31% 23.48% 20.55% 8.91% 13.87% 12.06% 11.23% 11.42% 11.84% 10.63% 11.23%
Category Rank 620 / 1,367 675 / 1,360 822 / 1,345 822 / 1,345 790 / 1,299 777 / 1,236 741 / 1,165 451 / 1,092 537 / 1,037 479 / 900 472 / 838 414 / 760 333 / 657 430 / 620
Quartile Ranking 2 2 3 3 3 3 3 2 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.05% -1.59% -4.95% -2.29% 8.96% 4.36% 1.47% 5.10% 3.19% -4.17% 4.79% 3.42%
Benchmark 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70% 4.13% 3.97%

Best Monthly Return Since Inception

10.99% (April 2020)

Worst Monthly Return Since Inception

-19.92% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.09% -0.08% 10.68% 19.12% -6.08% 28.61% 13.98% 26.86% -19.31% 23.90%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 4 4 1 2 4 1 3 1 3 2
Category Rank 459/ 547 564/ 639 91/ 687 205/ 776 700/ 864 165/ 939 610/ 1,051 232/ 1,126 805/ 1,183 449/ 1,247

Best Calendar Return (Last 10 years)

28.61% (2019)

Worst Calendar Return (Last 10 years)

-19.31% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 95.58
International Equity 2.82
Cash and Equivalents 1.25
Foreign Government Bonds 0.15
Foreign Corporate Bonds 0.12
Other 0.08

Sector Allocation

Sector Allocation
Name Percent
Technology 36.75
Financial Services 12.02
Healthcare 11.35
Consumer Services 9.93
Consumer Goods 6.57
Other 23.38

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.18
Europe 2.70
Latin America 0.13
Other -0.01

Top Holdings

Top Holdings
Name Percent
iShares Core S&P 500 Index ETF (XUS) 98.75
National Bank of Canada TD 4.950% Apr 01, 2024 0.72
Canada Government 20-Jun-2024 0.44
Canadian Dollar 0.08
Canada Government 10-Oct-2024 0.01

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

RBC U.S. Equity Currency Neutral Index ETF Fund Series DZ

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 17.93% 17.90% 15.23%
Beta 1.18% 1.21% 1.03%
Alpha -0.07% -0.06% -0.05%
Rsquared 0.92% 0.91% 0.75%
Sharpe 0.36% 0.64% 0.65%
Sortino 0.53% 0.88% 0.82%
Treynor 0.06% 0.10% 0.10%
Tax Efficiency 96.44% 96.76% 84.85%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.52% 17.93% 17.90% 15.23%
Beta 1.13% 1.18% 1.21% 1.03%
Alpha -0.08% -0.07% -0.06% -0.05%
Rsquared 0.85% 0.92% 0.91% 0.75%
Sharpe 1.14% 0.36% 0.64% 0.65%
Sortino 2.44% 0.53% 0.88% 0.82%
Treynor 0.15% 0.06% 0.10% 0.10%
Tax Efficiency 98.26% 96.44% 96.76% 84.85%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 13, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $843

Fund Codes

FundServ Code Load Code Sales Status
PHN9758
RBF558

Investment Objectives

To track the performance of a generally recognized U.S. equity market index. To provide long-term capital growth while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollar. The fund invests primarily in equity securities in substantially the same proportion as its benchmark index, either directly or indirectly through investment in other mutual funds. The fund may also use derivatives to hedge against the fluctuations in the value of the U$ relative to the C$.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: manages the fund to track the performance of the S&P 500 Total Return Hedged 100% to CAD Index (or any successor thereto). The S&P 500 Total Return Hedged 100% to CAD Index is a market-capitalization weighted index representing the performance of 500 U.S. large-capitalization stocks.

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 0.60%
Management Fee 0.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.10%
Trailer Fee Max (LL) -

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