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Global Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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.

NAVPS
(04-11-2024)
$11.38
Change
-$0.02 (-0.21%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

RBC QUBE Low Volatility Global Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (January 29, 2018): 4.68%

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 2.18% 2.68% -1.35% 5.81% 11.20% 3.53% 5.96% 9.62% 4.49% 5.51% - - - -
Benchmark 2.94% 10.27% 20.07% 10.27% 23.05% 11.13% 9.29% 15.98% 11.08% 10.21% 10.43% 11.39% 9.83% 10.93%
Category Average 2.79% 18.54% 18.54% 9.50% 18.77% 8.26% 6.74% 13.89% 8.87% 8.07% 8.21% 8.89% 7.44% 8.02%
Category Rank 1,479 / 2,073 1,887 / 2,049 1,940 / 2,003 1,887 / 2,049 1,775 / 1,931 1,732 / 1,800 1,164 / 1,640 1,374 / 1,506 1,389 / 1,447 1,078 / 1,230 - - - -
Quartile Ranking 3 4 4 4 4 4 3 4 4 4 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 3.53% -4.40% 2.99% 1.34% -0.91% -2.20% -1.35% 3.36% 2.96% 2.68% 0.85% 2.18%
Benchmark 1.71% -0.97% 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94%

Best Monthly Return Since Inception

7.24% (November 2020)

Worst Monthly Return Since Inception

-12.24% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 17.11% -4.43% 18.74% -8.99% 7.67%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average 8.33% 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08%
Quartile Ranking - - - - - 3 4 2 1 4
Category Rank - - - - - 1,043/ 1,416 1,454/ 1,498 515/ 1,615 439/ 1,769 1,775/ 1,928

Best Calendar Return (Last 10 years)

18.74% (2021)

Worst Calendar Return (Last 10 years)

-8.99% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 62.52
International Equity 31.16
Canadian Equity 4.86
Cash and Equivalents 0.91
Income Trust Units 0.56
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Healthcare 17.62
Telecommunications 16.71
Consumer Goods 13.06
Financial Services 11.87
Utilities 10.24
Other 30.50

Geographic Allocation

Geographic Allocation
Name Percent
North America 68.24
Asia 18.74
Europe 11.05
Africa and Middle East 2.02
Other -0.05

Top Holdings

Top Holdings
Name Percent
RBC QUBE Low Volatility Global Equity Fund O 99.09
Bank of Montreal TD 4.950% Jan 02, 2024 0.95
Canadian Dollar -0.03

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 QUBE Low Volatility Global Equity Currency Neutral Fund Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 11.03% 12.44% -
Beta 0.71% 0.81% -
Alpha -0.01% -0.04% -
Rsquared 0.69% 0.76% -
Sharpe 0.34% 0.26% -
Sortino 0.45% 0.23% -
Treynor 0.05% 0.04% -
Tax Efficiency 88.06% 87.04% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 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 8.90% 11.03% 12.44% -
Beta 0.60% 0.71% 0.81% -
Alpha -0.02% -0.01% -0.04% -
Rsquared 0.49% 0.69% 0.76% -
Sharpe 0.71% 0.34% 0.26% -
Sortino 1.43% 0.45% 0.23% -
Treynor 0.11% 0.05% 0.04% -
Tax Efficiency 98.00% 88.06% 87.04% -

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 January 29, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $138

Fund Codes

FundServ Code Load Code Sales Status
RBF523

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 throughout the world using a quantitative investment approach.

Investment Strategy

The fund invests its assets primarily in units of the RBC QUBE Low Volatility Global Equity Fund or underlying funds managed by RBC GAM or an affiliate of RBC GAM. Each underlying 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.

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 11-01-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
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 2.12%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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