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Emerg Mkts Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-11-2024)
$8.90
Change
$0.00 (0.03%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC Emerging Markets Foreign Exchange Fund Series A

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Fund Returns

Inception Return (July 27, 2015): 0.73%

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 -0.21% 0.01% 2.29% 0.86% 3.34% 5.90% 2.68% 0.86% 0.30% -0.20% 0.26% 0.86% - -
Benchmark 1.61% 3.45% 11.17% 3.45% 9.46% 4.54% -0.14% 0.12% 0.30% 1.16% 1.34% 2.31% 2.76% 4.08%
Category Average 1.06% 9.02% 9.02% 2.05% 8.58% 3.87% 0.64% 3.11% 1.04% 0.89% - - - -
Category Rank 61 / 69 60 / 69 66 / 66 60 / 69 55 / 66 21 / 60 7 / 45 39 / 44 19 / 36 23 / 33 23 / 33 20 / 24 - -
Quartile Ranking 4 4 4 4 4 2 1 4 3 3 3 4 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.94% -0.75% -1.11% 1.15% 0.92% -1.00% 2.29% 0.81% -0.78% 0.01% 1.06% -0.21%
Benchmark 0.97% -1.12% -0.50% 1.36% 1.10% -3.28% 1.39% 3.75% 2.16% -0.12% 1.93% 1.61%

Best Monthly Return Since Inception

3.59% (November 2022)

Worst Monthly Return Since Inception

-3.98% (June 2017)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - -0.49% 2.63% 3.13% -1.29% -2.01% -5.59% 3.81% 4.93%
Benchmark 14.63% 18.71% 3.92% 4.16% 4.15% 7.03% 4.99% -4.38% -12.92% 7.92%
Category Average - - - - - 9.00% 3.99% -4.64% -9.10% 9.06%
Quartile Ranking - - 4 4 2 4 4 3 1 4
Category Rank - - 24/ 24 25/ 29 12/ 33 36/ 36 38/ 38 33/ 45 4/ 60 55/ 66

Best Calendar Return (Last 10 years)

4.93% (2023)

Worst Calendar Return (Last 10 years)

-5.59% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 99.31
Foreign Government Bonds 0.68
Derivatives 0.01
Foreign Bonds - Other 0.01
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 99.30
Fixed Income 0.69
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.31
Latin America 0.68
Europe 0.00
Other 0.01

Top Holdings

Top Holdings
Name Percent
King Street Funding Trust Mar 06, 2024 4.38
Bay Street Funding Trust Mar 06, 2024 4.04
SOUND Trust Jan 05, 2024 3.59
Bank of Nova Scotia Jan 04, 2024 3.34
Canadian Imperial Bank of Commerce Mar 14, 2024 3.26
Inter Pipeline Corridor Inc Jan 22, 2024 3.25
Zeus Receivables Trust Jan 31, 2024 3.01
STABLE Trust Jan 24, 2024 2.82
Safe Trust 0.00% 20-Feb-2024 2.77
Banner Trust Feb 09, 2024 2.75

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

RBC Emerging Markets Foreign Exchange Fund Series A

Median

Other - Emerg Mkts Fixed Income

3 Yr Annualized

Standard Deviation 4.72% 4.28% -
Beta 0.33% 0.30% -
Alpha 0.03% 0.00% -
Rsquared 0.38% 0.34% -
Sharpe 0.03% -0.36% -
Sortino -0.07% -0.77% -
Treynor 0.00% -0.05% -
Tax Efficiency 73.21% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.70% 4.72% 4.28% -
Beta 0.33% 0.33% 0.30% -
Alpha 0.00% 0.03% 0.00% -
Rsquared 0.31% 0.38% 0.34% -
Sharpe -0.38% 0.03% -0.36% -
Sortino 0.15% -0.07% -0.77% -
Treynor -0.04% 0.00% -0.05% -
Tax Efficiency 36.28% 73.21% - -

Fund Details

Start Date July 27, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $961

Fund Codes

FundServ Code Load Code Sales Status
RBF406

Investment Objectives

To provide total returns associated with those of emerging market currencies and short-term interest rates. To provide total returns comprised of income and modest capital growth. The fund invests primarily in short-term Canadian money market instruments and foreign exchange forward contracts on emerging market currencies.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: uses derivatives such as forward contracts to gain exposure to currencies in emerging market countries; invests most of the fund’s assets in high-quality Canadian money market securities; focuses on countries demonstrating improving fiscal, balance of payments and business-friendly trends, coupled with positive public policy momentum.

Portfolio Manager(s)

Name Start Date
Daniel Mitchell 08-04-2021
David Nava 08-04-2021
RBC Global Asset Management (UK) Limited 06-27-2023

Management and Organization

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

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 1.71%
Management Fee 1.50%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.75%
Trailer Fee Max (LL) -

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