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RBC QUBE U.S. Equity Currency Neutral Fund Series AZ
U.S. Equity
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FundGrade D
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade B
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FundGrade A+® Rating Recipient
2013, 2012
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|
NAVPS (08-25-2026) |
$15.34 |
|---|---|
| Change |
$0.04
(0.25%)
|
As at July 31, 2026
As at June 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (November 04, 1997): 6.94%
| 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 | 0.91% | 6.73% | 14.60% | 20.55% | 31.12% | 13.77% | 13.30% | 10.41% | 8.32% | 12.94% | 8.53% | 7.00% | 7.89% | 9.16% |
| Benchmark | -1.34% | 7.29% | 12.30% | 12.73% | 21.16% | 18.87% | 21.84% | 20.39% | 15.57% | 17.37% | 16.91% | 15.90% | 16.47% | 15.94% |
| Category Average | -1.26% | 6.30% | 9.53% | 10.25% | 16.01% | 13.83% | 16.70% | 15.48% | 10.72% | 13.36% | 12.60% | 11.78% | 12.25% | 11.98% |
| Category Rank | 397 / 1,402 | 621 / 1,390 | 153 / 1,373 | 60 / 1,367 | 71 / 1,334 | 638 / 1,242 | 934 / 1,190 | 990 / 1,139 | 849 / 1,079 | 614 / 1,018 | 878 / 969 | 855 / 888 | 789 / 839 | 660 / 751 |
| Quartile Ranking | 2 | 2 | 1 | 1 | 1 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.94% | 1.18% | -0.23% | 3.75% | 0.89% | 5.19% | 3.58% | -5.35% | 9.52% | 6.52% | -0.71% | 0.91% |
| Benchmark | 1.28% | 5.00% | 3.05% | -0.03% | -1.89% | 0.38% | -0.17% | -2.91% | 8.00% | 6.61% | 2.01% | -1.34% |
Best Monthly Return Since Inception
14.94% (November 2020)
Worst Monthly Return Since Inception
-24.82% (October 2008)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 12.58% | 21.44% | -13.35% | 24.34% | -5.44% | 24.12% | -3.20% | 0.28% | 11.19% | 9.26% |
| Benchmark | 8.65% | 13.80% | 3.98% | 25.18% | 16.07% | 28.16% | -12.52% | 23.32% | 36.01% | 12.28% |
| Category Average | 6.16% | 13.43% | -2.19% | 22.72% | 13.97% | 23.22% | -14.41% | 18.85% | 26.98% | 8.65% |
| Quartile Ranking | 1 | 1 | 4 | 2 | 4 | 3 | 1 | 4 | 4 | 2 |
| Category Rank | 55/ 688 | 132/ 766 | 821/ 851 | 444/ 914 | 977/ 981 | 527/ 1,044 | 126/ 1,087 | 1,120/ 1,142 | 1,187/ 1,218 | 571/ 1,258 |
Best Calendar Return (Last 10 years)
24.34% (2019)
Worst Calendar Return (Last 10 years)
-13.35% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 97.99 |
| International Equity | 1.21 |
| Cash and Equivalents | 0.81 |
| Other | -0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 48.70 |
| Consumer Services | 11.00 |
| Financial Services | 10.27 |
| Healthcare | 9.31 |
| Industrial Goods | 6.54 |
| Other | 14.18 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.79 |
| Europe | 1.21 |
Top Holdings
| Name | Percent |
|---|---|
| NVIDIA Corp | 8.23 |
| Apple Inc | 7.44 |
| Alphabet Inc Cl C | 5.18 |
| Microsoft Corp | 3.32 |
| Amazon.com Inc | 2.86 |
| Micron Technology Inc | 2.52 |
| Broadcom Inc | 2.20 |
| Eli Lilly and Co | 2.17 |
| Meta Platforms Inc Cl A | 1.87 |
| Lam Research Corp | 1.69 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC QUBE U.S. Equity Currency Neutral Fund Series AZ
Median
Other - U.S. Equity
3 Yr Annualized
| Standard Deviation | 13.63% | 15.53% | 17.44% |
|---|---|---|---|
| Beta | 0.71 | 0.80 | 0.99 |
| Alpha | -0.01 | -0.03 | -0.05 |
| Rsquared | 0.40% | 0.49% | 0.52% |
| Sharpe | 0.73 | 0.40 | 0.48 |
| Sortino | 1.27 | 0.61 | 0.60 |
| Treynor | 0.14 | 0.08 | 0.09 |
| Tax Efficiency | 76.70% | 66.80% | 74.26% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 13.28% | 13.63% | 15.53% | 17.44% |
| Beta | 0.73 | 0.71 | 0.80 | 0.99 |
| Alpha | 0.14 | -0.01 | -0.03 | -0.05 |
| Rsquared | 0.42% | 0.40% | 0.49% | 0.52% |
| Sharpe | 1.95 | 0.73 | 0.40 | 0.48 |
| Sortino | 4.42 | 1.27 | 0.61 | 0.60 |
| Treynor | 0.35 | 0.14 | 0.08 | 0.09 |
| Tax Efficiency | 74.05% | 76.70% | 66.80% | 74.26% |
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 | November 04, 1997 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Partially Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $588 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF552 |
Investment Objectives
• To provide long term capital growth while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollars. The fund invests primarily in equity securities of U.S. companies using a quantitative investment approach either directly or indirectly through investment in other mutual funds managed by RBC GAM or an affiliate of RBC GAM. The fund will also use derivatives to hedge against the fluctuations in the value of the U.S. dollar relative to the Canadian dollar. We will n
Investment Strategy
The fund is managed using a quantitative investment model designed to select individual stocks while controlling portfolio-level risk. This involves building a portfolio that maximizes exposure to factors associated with outperformance, while controlling for exposure to risk factors. To achieve the fund’s objectives, the portfolio manager: • invests primarily in equity securities of U.S. companies; • diversifies the fund across industries within the U.S. market; • uses a quantitative investment
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Global Asset Management Inc. Royal Bank of Canada RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.49% |
|---|---|
| Management Fee | 1.25% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.65% |
| Trailer Fee Max (LL) | - |
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