Investment objective

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. The fund aims to provide exposure to economies that offer different business cycles and growth opportunities than North American markets.

  • Fund Category International Equity Funds
  • Inception Date Apr 28, 2014
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35073 1.02%

Portfolio analysis As of Aug 31, 2025

98% 2%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Financials24.3%
Industrials17.4%
Consumer Discretionary11.4%
Health Care10.8%
Information Technology10.3%
Consumer Staples7.1%
Materials6.5%
Communication Services5.0%
Utilities3.5%
Energy3.3%
Real Estate0.5%
Top 10 Holdings
% Assets
Allianz SE 2.6%
Mitsubishi Heavy Industries Ltd 2.5%
ASML Holding NV 2.4%
Sony Group Corp 2.4%
DBS Group Holdings Ltd 2.3%
AstraZeneca PLC 2.3%
Iberdrola SA 2.1%
Taiwan Semiconductor Manufacturing Co Ltd 2.1%
Roche Holding AG 1.9%
Ryanair Holdings PLC - ADR 1.9%
Total % of Top 10 Holdings 22.5%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
1.5 2.7 7.2 4.9 15.3 10.0 8.6 8.6 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.00 0.21 0.23 1.62 1.06 0.09 0.20 0.57 0.12 0.12 0.09
Interest --- 0.01 0.00 0.01 0.00 0.00 0.00 0.00 --- --- ---
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- 0.23 0.26 0.72 0.11 0.10 0.22 0.26 0.14 0.14 0.11
Foreign taxes paid --- -0.03 -0.03 -0.05 -0.01 -0.01 -0.03 -0.04 -0.02 -0.02 -0.02
Capital gains --- --- --- 0.94 0.96 --- --- 0.35 --- --- ---
Return of capital --- --- --- --- --- --- --- --- --- --- ---

* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.