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RBC Global Asset Management Inc.
An actively managed North American equity fund: 2 stocks, unhedged, for 0.65% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Concentrated active equity portfolio. The largest holding is RBC North American Value at 125.1%. This portfolio depends more heavily on a smaller set of manager-selected holdings. The top 2 holdings make up 150.2% of the portfolio.
Top holding: RBC North American Value 125.1% (concentrated) · Top sector: Financials 29.9% (broad)
Financials 29.9%·Technology 12.2%·Energy 12.1%·Industrials 11.0%·Materials 10.1%·Other 8.9%·Other (locked) 15.8%
Source: fund provider disclosure.
The management fee was 0.65% a year, or about $65 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $1M· net assets |
| Leverage / overlay | None |
What moved the price
| Ticker | RNVL.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Provider | RBC Global Asset Management Inc. |
| Mgmt fee | 0.65% |
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Prices as of last close.
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