Key stats
About RBC U.S. Mid-Cap Growth Equity Fund
Home page
Inception date
Sep 18, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
RBC Global Asset Management, Inc.
ISIN
CA75528A1021
The fund primarily focuses on the US mid-cap equity segment, combining fundamental research with quantitative and technical analyses in portfolio construction. Stock selection is based on management quality, focused business strategies, and their potential for future earnings and cash flow growth, with ongoing monitoring to capture the best relative values. As part of the strategy, ESG factors are integrated in the selection process. The fund also employs derivatives, such as options, futures, swaps, and forwards, to hedge against risks, efficiently adjust the portfolio, and manage currency exposure between the US and Canadian dollars. Lastly, securities lending and repurchase transactions generate extra income and ensure short-term liquidity.
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
Technology Services
Stocks96.64%
Technology Services30.94%
Finance9.43%
Consumer Services8.02%
Electronic Technology8.00%
Health Technology6.77%
Retail Trade6.15%
Distribution Services4.99%
Producer Manufacturing4.52%
Commercial Services4.28%
Transportation2.80%
Utilities2.71%
Industrial Services2.35%
Consumer Non-Durables2.03%
Health Services1.42%
Energy Minerals1.17%
Process Industries0.34%
Consumer Durables0.28%
Miscellaneous0.25%
Bonds, Cash & Other3.36%
Cash3.56%
Rights & Warrants−0.20%
Stock breakdown by region
North America99.35%
Europe0.65%
Latin America0.00%
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
RUMG invests in stocks. The fund's major sectors are Technology Services, with 31.00% stocks, and Finance, with 9.45% of the basket. The assets are mostly located in the North America region.
RUMG assets under management is 43.57 M CAD. It's risen 5.67% over the last month.
RUMG fund flows account for 40.33 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, RUMG doesn't pay dividends to its holders.
RUMG shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on Sep 18, 2024, and its management style is Active.
RUMG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RUMG invests in stocks.
RUMG price has risen by 0.64% over the last month, and its yearly performance shows a 22.20% increase. See more dynamics on RUMG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.76% over the last month, showed a 5.50% increase in three-month performance and has increased by 6.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.76% over the last month, showed a 5.50% increase in three-month performance and has increased by 6.91% in a year.
RUMG trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.