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RBC International Equity Currency Neutral Fund Series A
International Equity
Click for more information on Fundata’s FundGrade
FundGrade C
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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
2024, 2023, 2022
Click for more information on Fundata’s FundGrade
|
NAVPS (06-18-2026) |
$20.50 |
|---|---|
| Change |
$0.35
(1.76%)
|
As at May 31, 2026
As at April 30, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (April 28, 2014): 7.98%
| 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 | 4.10% | 2.17% | 9.01% | 9.37% | 16.52% | 7.99% | 12.28% | 11.01% | 7.85% | 10.92% | 10.25% | 8.24% | 7.83% | 8.24% |
| Benchmark | 7.01% | 3.55% | 18.05% | 16.55% | 33.17% | 23.10% | 21.27% | 18.20% | 12.37% | 14.11% | 11.98% | 9.95% | 9.35% | 10.42% |
| Category Average | 3.78% | 0.05% | 7.68% | 7.40% | 15.35% | 13.50% | 14.12% | 12.64% | 7.57% | 10.17% | 8.72% | 7.15% | 6.63% | 7.73% |
| Category Rank | 309 / 870 | 123 / 860 | 357 / 845 | 313 / 850 | 364 / 796 | 621 / 747 | 470 / 717 | 494 / 691 | 350 / 675 | 268 / 639 | 181 / 606 | 221 / 544 | 198 / 503 | 238 / 448 |
| Quartile Ranking | 2 | 1 | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.93% | -0.58% | 1.67% | 1.36% | 3.79% | -0.40% | -0.33% | 3.13% | 3.79% | -7.13% | 5.68% | 4.10% |
| Benchmark | 2.18% | 0.51% | 3.32% | 3.56% | 2.68% | -0.03% | 1.29% | 5.56% | 6.62% | -9.73% | 7.20% | 7.01% |
Best Monthly Return Since Inception
11.18% (November 2020)
Worst Monthly Return Since Inception
-13.66% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.86% | 17.62% | -15.96% | 27.52% | 10.67% | 16.02% | -11.99% | 15.66% | 11.10% | 9.20% |
| Benchmark | -1.70% | 18.37% | -6.81% | 16.27% | 8.01% | 8.97% | -10.67% | 15.74% | 11.18% | 27.50% |
| Category Average | -2.56% | 17.84% | -8.91% | 17.54% | 7.87% | 8.64% | -12.60% | 13.75% | 10.76% | 17.77% |
| Quartile Ranking | 3 | 2 | 4 | 1 | 2 | 1 | 2 | 2 | 3 | 4 |
| Category Rank | 251/ 408 | 225/ 469 | 516/ 529 | 22/ 586 | 255/ 631 | 58/ 658 | 334/ 678 | 210/ 703 | 473/ 738 | 637/ 769 |
Best Calendar Return (Last 10 years)
27.52% (2019)
Worst Calendar Return (Last 10 years)
-15.96% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| International Equity | 96.74 |
| Cash and Equivalents | 2.30 |
| US Equity | 0.59 |
| Income Trust Units | 0.37 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 22.24 |
| Technology | 13.49 |
| Consumer Goods | 10.50 |
| Industrial Goods | 9.68 |
| Healthcare | 8.32 |
| Other | 35.77 |
Geographic Allocation
| Name | Percent |
|---|---|
| Europe | 60.84 |
| Asia | 35.99 |
| North America | 3.15 |
| Other | 0.02 |
Top Holdings
| Name | Percent |
|---|---|
| RBC International Equity Fund Series O | 99.05 |
| Bank of Montreal TD 2.150% Apr 01, 2026 | 0.85 |
| Canadian Dollar | 0.10 |
| US Dollar | 0.00 |
| Danish Krone | 0.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC International Equity Currency Neutral Fund Series A
Median
Other - International Equity
3 Yr Annualized
| Standard Deviation | 9.74% | 11.80% | 12.38% |
|---|---|---|---|
| Beta | 0.71 | 0.78 | 0.87 |
| Alpha | -0.02 | -0.02 | -0.01 |
| Rsquared | 0.75% | 0.76% | 0.76% |
| Sharpe | 0.88 | 0.45 | 0.55 |
| Sortino | 1.56 | 0.68 | 0.67 |
| Treynor | 0.12 | 0.07 | 0.08 |
| Tax Efficiency | 96.95% | 86.20% | 91.42% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 11.59% | 9.74% | 11.80% | 12.38% |
| Beta | 0.70 | 0.71 | 0.78 | 0.87 |
| Alpha | -0.05 | -0.02 | -0.02 | -0.01 |
| Rsquared | 0.93% | 0.75% | 0.76% | 0.76% |
| Sharpe | 1.18 | 0.88 | 0.45 | 0.55 |
| Sortino | 1.74 | 1.56 | 0.68 | 0.67 |
| Treynor | 0.19 | 0.12 | 0.07 | 0.08 |
| Tax Efficiency | 94.62% | 96.95% | 86.20% | 91.42% |
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 | 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) | $290 |
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.
|
|---|---|
| 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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