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 Feb 28, 2026

99% 1%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Financials22.7%
Industrials22.7%
Information Technology10.1%
Health Care9.6%
Materials8.6%
Consumer Discretionary8.0%
Consumer Staples7.1%
Utilities4.0%
Energy3.4%
Real Estate2.2%
Communication Services1.8%
Top 10 Holdings
% Assets
ASML Holding NV 3.2%
Taiwan Semiconductor Manufacturing Co Ltd 3.1%
Mitsubishi Heavy Industries Ltd 2.7%
AstraZeneca PLC 2.6%
DBS Group Holdings Ltd 2.5%
Novartis AG 2.4%
Roche Holding AG 2.2%
Iberdrola SA 2.0%
Marubeni Corp 1.9%
Fujikura Ltd 1.8%
Total % of Top 10 Holdings 24.4%

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
3.9 7.0 12.4 13.7 13.6 9.9 9.7 9.2 Fund

Distribution ($)/unit

YTD* 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Total distributions 0.00 0.61 0.21 0.23 1.62 1.06 0.09 0.20 0.57 0.12 0.12
Interest --- 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 --- ---
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- 0.64 0.23 0.26 0.72 0.11 0.10 0.22 0.26 0.14 0.14
Foreign taxes paid --- -0.03 -0.03 -0.03 -0.05 -0.01 -0.01 -0.03 -0.04 -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.