| Fund Company | RBC Global Asset Management |
| Fund Type | Canadian Focused Equity |
| Rating | F |
| Style | Large Cap Growth |
| Risk Level | Medium |
| Load Status | No Load / Optional |
| RRSP/RRIF Suitability | Fair |
| TFSA Suitability | Fair |
| Manager | Ray Mawhinney since March 2008 Warner Sulz since January 2008 Marcello Montanari since March 2008 |
| MER | 2.08% |
| Code | RBF 265 – No Load Units RBF 767 – Front End Units |
| Minimum Investment | $500 |
Analysis: Being a Canadian focused equity fund, it invests in a portfolio of Canadian and U.S. based companies that the managers believe have above average prospects for growth. In doing this, they look for companies that have a demonstrated history of sales and earnings growth and prospects for continued expansion. They focus primarily on large cap names, but can invest in companies of any size.
The portfolio is well diversified, holding more than 150 names. As of November 30, the top ten make up approximately 22% of the fund. It is focused on financials, energy and materials, which combined make up nearly 60% of the fund. Geographically, the fund holds 52% in Canada, and 42% in the U.S.
Performance for this fund has largely been disappointing, with a five year annualized loss of 2.2% to December 31. In comparison, the S&P/TSX Composite Index gained an average of 0.8% per year during the same period. Comparing it to its peer group, this level of performance puts id in the middle of the pack.
On balance, it is our opinion that there are better investment options available for investors.