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About RBC North American Value Fund ETF Trust Units
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Inception date
Mar 8, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Ordinary Income
Primary advisor
RBC Global Asset Management, Inc.
ISIN
CA75528H1073
RNAV seeks long-term capital growth by actively managing an equity portfolio of undervalued, quality companies in the US and Canada. The fund is broadly diversified across sectors and sizes but focuses on securities priced below their true value. It implements a bottom-up value investment approach based on fundamental research for stock selection, while considering global macro and material ESG factors. Derivatives such as options, futures, forward contracts, and swaps may also be utilized for hedging purposes, as well as fixed-income securities to protect value depending on certain market conditions. RNAV launched alongside its sister fund, RNAG, which in turn focuses on growth companies.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks86.48%
Finance32.28%
Technology Services9.06%
Energy Minerals6.42%
Retail Trade6.01%
Electronic Technology5.13%
Industrial Services4.95%
Transportation4.57%
Non-Energy Minerals3.76%
Utilities3.30%
Commercial Services2.72%
Health Technology2.03%
Producer Manufacturing1.40%
Process Industries1.18%
Miscellaneous0.95%
Consumer Non-Durables0.68%
Communications0.63%
Distribution Services0.45%
Consumer Services0.40%
Bonds, Cash & Other13.52%
Cash6.35%
Government4.24%
ETF3.59%
Rights & Warrants0.05%
Miscellaneous−0.71%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RNAV invests in stocks. The fund's major sectors are Finance, with 32.50% stocks, and Technology Services, with 9.12% of the basket. The assets are mostly located in the North America region.
RNAV assets under management is 79.86 M CAD. It's fallen 0.46% over the last month.
RNAV fund flows account for 48.41 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RNAV doesn't pay dividends to its holders.
RNAV shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on Mar 8, 2023, and its management style is Active.
RNAV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RNAV invests in stocks.
RNAV price has risen by 4.07% over the last month, and its yearly performance shows a 18.02% increase. See more dynamics on RNAV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.99% over the last month, showed a 7.69% increase in three-month performance and has increased by 20.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.99% over the last month, showed a 7.69% increase in three-month performance and has increased by 20.54% in a year.
RNAV trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.