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RBC International Equity Currency Neutral Fund Series A

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International Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022

Click for more information on Fundata’s FundGrade

NAVPS
(10-09-2025) 		$18.26
Change
-$0.08 (-0.45%)

As at September 30, 2025

As at August 31, 2025

As at September 30, 2025

Period
Created with Highcharts 10.3.3Nov 2014Sep 2015Jul 2016May 2017Mar 2018Jan 2019Nov 2019Sep 2020Jul 2021May 2022Mar 2023Jan 2024Nov 2024Sep 2025Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Jan 2015Jul 2016Jan 2018Jul 2019Jan 2021Jul 2022Jan 2024Jul 2025Jul…$10,000$15,000$20,000$25,000$11,000$12,000$13,000$14,000$16,000Period

Legend

RBC International Equity Currency Neutral Fund Series A

Compare Options

Fund Returns

Inception Return (April 28, 2014): 7.34%

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 1.36% 2.45% 6.56% 5.98% 3.76% 12.22% 14.00% 5.84% 8.83% 8.57% 7.67% 7.03% 7.63% 7.34%
Benchmark 3.56% 7.54% 15.50% 22.63% 19.56% 21.60% 22.20% 9.49% 11.46% 10.07% 8.51% 8.33% 8.86% 8.57%
Category Average 3.17% 4.73% 10.37% 16.29% 13.05% 17.93% 18.44% 7.01% 8.96% 8.23% 7.04% 6.61% 7.24% 7.05%
Category Rank 788 / 816 669 / 815 666 / 784 700 / 779 693 / 777 660 / 742 628 / 704 483 / 686 382 / 661 328 / 611 284 / 563 287 / 519 248 / 466 231 / 396
Quartile Ranking 4 4 4 4 4 4 4 3 3 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -2.28% 1.04% -0.85% 3.87% 0.08% -4.32% -1.40% 4.52% 0.93% -0.58% 1.67% 1.36%
Benchmark -2.68% 0.03% 0.16% 5.72% 1.20% -0.76% 0.66% 4.41% 2.18% 0.51% 3.32% 3.56%

Best Monthly Return Since Inception

11.18% (November 2020)

Worst Monthly Return Since Inception

-13.66% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 10.86% -2.86% 17.62% -15.96% 27.52% 10.67% 16.02% -11.99% 15.66% 11.10%
Benchmark 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74% 11.18%
Category Average 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75% 10.76%
Quartile Ranking 4 3 2 4 1 2 1 2 2 3
Category Rank 301/ 359 250/ 408 221/ 467 512/ 525 23/ 587 263/ 638 59/ 666 337/ 688 216/ 717 474/ 752

Best Calendar Return (Last 10 years)

27.52% (2019)

Worst Calendar Return (Last 10 years)

-15.96% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 96.57
Cash and Equivalents 2.91
Income Trust Units 0.52

Sector Allocation

Sector Allocation
Name Percent
Financial Services 22.73
Consumer Goods 16.16
Technology 12.27
Industrial Goods 10.81
Healthcare 9.64
Other 28.39

Geographic Allocation

Geographic Allocation
Name Percent
Europe 63.94
Asia 33.13
North America 2.91
Other 0.02

Top Holdings

Top Holdings
Name Percent
RBC International Equity Fund Series O 99.20
Bank of Montreal TD 2.650% Jul 02, 2025 0.77
Canadian Dollar 0.03
US Dollar 0.00

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return7891011121314151617185%10%15%20%25%30%35%

RBC International Equity Currency Neutral Fund Series A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 10.07% 11.97% 12.36%
Beta 0.79% 0.83% 0.90%
Alpha -0.03% -0.01% 0.00%
Rsquared 0.67% 0.77% 0.75%
Sharpe 0.96% 0.55% 0.49%
Sortino 2.21% 0.86% 0.57%
Treynor 0.12% 0.08% 0.07%
Tax Efficiency 92.16% 88.98% 91.36%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.58% 10.07% 11.97% 12.36%
Beta 0.90% 0.79% 0.83% 0.90%
Alpha -0.12% -0.03% -0.01% 0.00%
Rsquared 0.75% 0.67% 0.77% 0.75%
Sharpe 0.13% 0.96% 0.55% 0.49%
Sortino 0.18% 2.21% 0.86% 0.57%
Treynor 0.01% 0.12% 0.08% 0.07%
Tax Efficiency 99.09% 92.16% 88.98% 91.36%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A64.3​64.331.5​31.50%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A45.5​45.531.8​31.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A73.6​73.642.6​42.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A74.1​74.129.6​29.60%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date April 28, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $281

Fund Codes

FundServ Code Load Code Sales Status
RBF408

Investment Objectives

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.

Investment Strategy

The fund invests its assets primarily in units of the RBC International Equity Fund, which is sub-advised by RBC Global Asset Management (UK) Limited (for the European equity portion of the fund) and RBC Global Asset Management (Asia) Limited (for the Asian equity portion of the fund), or underlying funds managed by RBC GAM or an affiliate of RBC GAM.

Portfolio Management

Portfolio Manager

RBC Global Asset Management Inc.

  • David Lambert
  • Mayur Nallamala
Sub-Advisor

-

Management and Organization

Fund Manager

RBC Global Asset Management Inc.
Custodian

RBC Investor Services Trust (Canada)
Registrar

RBC Investor Services Trust (Canada)

Royal Bank of Canada

RBC Global Asset Management Inc.
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 5,000
SWP Min Withdrawal 100

Fees

MER 2.14%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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