RBC Select Growth Portfolio - Mutual Funds

Transcription

RBC Select Growth Portfolio - Mutual Funds
Printed on November 20, 2014
RBC Select Growth Portfolio
Fund Category
Global Equity Balanced
No. of Funds in Category
487
Morningstar Rating™
QQQ
Investment Objective
Portfolio Analysis as of October 31, 2014
To provide long-term capital growth by investing
primarily in funds managed by RBC GAM , emphasizing
equity mutual funds for higher growth potential, with
some exposure to fixed-income mutual funds for
diversification. The portfolio invests in a diversified mix
of Canadian, U.S. and international funds.
Asset Mix
% Assets
Cash
Fixed Income
Canadian Equity
US Equity
International Equity
Other
3.3
20.9
23.8
28.8
22.8
0.5
Fund Details
Currency
Fund Code
No Load
Deferred Sales
Front End
Low Load
No Load
No Load
CAD
CAD
CAD
CAD
CAD
CAD
RBF459
RBF842
RBF742
RBF102
RBF547
RBF659
Inception Date
Total Fund Assets $Mil
Series A NAV $
Series A MER %
Benchmark
December 1986
5,103.8
27.91
2.05
30% FTSE TMX CUB
25% S&P/TSX Capped
Composite Total Return
25% S&P 500 Total Return
(C$)
20% MSCI EAFE Total
Return Net (C$)
Income Distribution
Capital Gains Distribution
Annually
Annually
Sales Status
Min. Investment $
Subsequent Investment $
Open
500
25
Management Company
RBC Global Asset
Management Inc.
www.rbcgam.com
Web Site
Equity Style
Statistics
%
P/B Ratio
P/E Ratio
2.2
16.4
Avg. Mkt Cap. $Bil
28.3
Small
Load Structure
A
Adv
Adv
Adv
T5
F
Large Mid
Series
Value Blend Growth
Top 5 Sectors
Top 10 Holdings
% Assets
RBC Bond Fund
RBC European Equity Fund
RBC US Equity Fund
PH&N Canadian Equity Underlying Fund
RBC QUBE US Equity Fund
10.8
9.2
7.7
7.0
6.7
RBC Global Bond Fund
RBC Private Canadian Equity Pool Fund
PH&N US Multi-Style All-Cap Equity Fund
RBC Emerging Markets Equity Fund
RBC Global Equity Focus Fund
6.6
6.3
6.1
4.4
4.3
Total % of Top 10 Holdings
Total Number of Portfolio Holdings
Total Number of Stock Holdings
Total Number of Bond Holdings
Total Number of Other Holdings
Total Number of Underlying Holdings
69.1
24
1,141
1,621
185
2,947
% Equity
Financials
Energy
Information Technology
Consumer Discretionary
Industrials
24.1
12.3
11.6
11.5
11.1
Fixed Income Breakdown
% Fixed Income
Government Bonds
Corporate Bonds
Other Bonds
Mortgage Backed Securities
ST Investments (Cash & Other)
Asset Backed Securities
48.4
40.0
-2.1
0.1
13.5
0.2
Performance Analysis as of October 31, 2014
20
18
16
Growth of $10,000
Series A
$17,291
14
12
10
8
30
15
Calendar Returns %
Series A
0
-15
-30
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
YTD
8.0
2nd
12.4
1st
13.3
3rd
3.2
1st
-24.1
3rd
13.9
4th
7.0
4th
-5.2
3rd
8.5
3rd
18.0
3rd
8.6
1st
Fund
Quartile
1 Mth
3 Mth
6 Mth
1 Yr
3 Yr
5 Yr
10 Yr
Since Incep. Trailing Return %
0.9
2nd
788
1.7
2nd
759
4.4
1st
752
12.2
1st
682
11.4
2nd
487
8.0
3rd
393
5.3
2nd
123
6.0
—
—
Fund
Quartile
No. of Funds in Category
©2014. Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. These pages are not complete without the disclosure
page.
Printed on November 20, 2014
RBC Select Growth Portfolio
Management Overview
Manager Bios
Performance Analysis Cont'd as of October 31, 2014
Sarah Riopelle
Distributions ($)/Unit
YTD*
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
RBC Global Asset Management Inc.
Total Distributions
Interest
Dividends
Capital Gains
Return Of Capital
0.20
—
—
0.20
—
0.39
0.02
0.10
0.28
—
0.18
—
0.09
0.09
—
0.23
—
—
0.23
—
0.09
—
0.02
0.07
—
0.11
0.05
0.06
—
—
0.15
—
0.01
0.14
—
0.81
0.35
—
0.46
—
1.10
0.86
—
0.24
—
0.53
0.53
—
—
—
0.35
0.35
—
—
—
Sarah Riopelle is Vice President and Senior Portfolio
Manager, Investment Solutions. Sarah began her
investment career in 1996. She is a member of the RBC
Investment Strategy Committee and is responsible for
the firm’s Portfolio Solutions. Sarah has a Bachelor of
Commerce in Finance and International Management
from the University of Ottawa and is a CFA charterholder.
Best/Worst Periods %
Ended
1 Yr
Ended
3-2004
3-2006
Best
28.0
2-2009
3-2003
Worst
-25.5
Average
6.5
No. of Periods
289
Pct. Positive
74.4
* Distributions are characterized into income type at year-end.
3 Yr
Ended
5 Yr
Ended
10 Yr
16.8
-8.1
6.0
265
79.6
9-1997
5-2012
12.5
-2.8
5.8
241
89.2
8-2000
8-2010
10.4
0.8
5.5
181
100.0
Quarterly Commentary as at September 30, 2014
RBC Select Growth Portfolio (Series A) posted a
1.5% third-quarter return versus 1.5% for the
benchmark.
A new consensus appears to be emerging that
global growth will remain slower than previously
thought. While the U.S. economy seems to be on
solid footing, other parts of the world are facing
challenges and new threats have surfaced. The
most critical relate to military conflicts in Ukraine
and Iraq, and public-health emergencies such as
the Ebola virus of West Africa.
The Fund’s overweight position in equities and
underweight position in fixed income were
positive for performance. The broader U.S. equity
market rose during the quarter, while markets in
most other parts of the world declined. The RBC
U.S. Equity Fund, the RBC QUBE U.S. Equity Fund
and the RBC Canadian Equity Fund aided portfolio
returns. The RBC Private Canadian Equity Pool had
a negative impact on results.
Developed-world bond markets climbed during the
period. European fixed income outperformed on
speculation that steps by the European Central
Bank to further ease monetary policy would push
up bond prices in the region. The RBC Global Bond
Fund and the RBC Bond Fund had a positive impact
on the portfolio’s performance.
We have maintained our view that, in the context
of an ongoing and broadening global recovery,
sovereign bond yields should rise and are
underweight as a result. In fact, we feel that the
near-term risk to bond holders has increased
following the rally in fixed-income markets since
the start of the year. For stocks, prospective total
returns have moderated, but remain attractive.
Valuations are not yet excessive, the global
economy and corporate profits remain supportive
and relative valuations favour stocks over bonds by
a significant margin. Therefore, we have
maintained our overweight exposure to equities.
©2014. Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. These pages are not complete without the disclosure
page.
Printed on November 20, 2014
RBC Select Growth Portfolio
Disclosure
RBC Funds, PH&N Funds and RBC Corporate
Class Funds are offered by RBC Global Asset
Management Inc. and distributed through
authorized dealers.
Commissions, trailing commissions,
management fees and expenses all may be
associated with mutual fund investments.
Please read the prospectus or Fund Facts
document of the mutual fund before
investing. Except as otherwise noted, the
indicated rates of return are the historical
annual compounded total returns including
changes in unit value and reinvestment of all
distributions and do not take into account
sales, redemption, distribution or optional
charges or income taxes payable by any
unitholder that would have reduced returns.
Mutual funds are not guaranteed or covered
by the Canadian Deposit Insurance
Corporation or by any other government
deposit insurer.
For money market funds, there can be no
assurances that the fund will be able to
maintain its net asset value per unit at a
constant amount or that the full amount of
your investment in the fund will be returned
to you. The value of mutual funds change
frequently and past performance may not be
repeated.
This document has been compiled by RBC
Global Asset Management Inc. (RBC GAM)
from sources believed to be reliable, but no
representations or warranty, express or
implied, are made by RBC GAM, its affiliates
or any other person as to its accuracy,
completeness or correctness. All opinions
and estimates constitute RBC GAM's
judgment as of the date of this document, are
subject to change without notice and are
provided in good faith but without legal
responsibility. The Top Ten/25 Holdings may
change due to ongoing portfolio transactions
within the fund. The prospectus, Fund Facts
document, and other information about the
underlying investment funds are available at
www.sedar.com.
MER (%) for RBC Funds and PH&N Funds is
based on actual expenses for the half-year
period, January 1 to June 30, 2014,
expressed on an annualized basis.
MER (%) for RBC Corporate Class Funds is
based on actual expenses for the half-year
period April 1, 2014 to September 30, 2014,
expressed on an annualized basis.
Graphs are only used to illustrate the effects
of the compound growth rate and do not
reflect future values of any fund or returns on
investment of any fund.
The fund profile is provided for informational
purposes only. Particular investments and/or
trading strategies should be evaluated
relative to each individual’s investment
objectives. The information contained in the
fund profile is not, and should not be
construed as, investment or tax advice. You
should not act or rely on the information
contained in the fund profile without seeking
the advice of an appropriate professional
advisor.
Quartile rankings are determined by
Morningstar Research Inc., an independent
research firm, based on categories
maintained by the Canadian Investment
Funds Standards Committee (CIFSC). Quartile
rankings are comparisons of the performance
of a fund to other funds in a particular
category and are subject to change monthly.
The quartiles divide the data into four equal
segments expressed in terms of rank (1, 2, 3
or 4). This is the Morningstar quartile ranking
of Series A units of the Fund as of September
30, 2014. Morningstar ratings are overall
ratings reflecting risk adjusted performance
as of September 30, 2014. The ratings are
subject to change every month. The ratings
are calculated for funds with a minimum of 3
years of performance, calculated from the
funds' 1 and 3 year average annual returns
measured against a 91-day Treasury Bill
return with appropriate fee adjustments. The
top 10% of the funds in a category receive 5
stars (high); if the funds fall in the next
22.5%,they receive 4 stars (above average); a
place in the middle 35% earns a fund 3 stars
(neutral or average); those in the next 22.5%
receive 2 stars (below average); and the
lowest 10% get 1 star (low). Ratings are just
one factor to consider when investing. For
more information, please see www.
morningstar.ca.
® / ™ Trademark(s) of Royal Bank of Canada.
Used under licence. © RBC Global Asset
Management Inc. 2014
©2014. Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. These pages are not complete without the disclosure
page.