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RBC Small Cap Value Fund
mutual fund
RBVAX
Payout Change
Pending
Price as of:
$15.78
+0.31
+2.0%
primary theme
U.S. Small-Cap Value Equity
share class
RBVAX (Mutual Fund)
RBC Small Cap Value Fund
Payout Change
Pending
Price as of:
$15.78
+0.31
+2.0%
primary theme
U.S. Small-Cap Value Equity
share class
RBVAX (Mutual Fund)
RBC Small Cap Value Fund
Payout Change
Pending
Price as of:
$15.78
+0.31
+2.0%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.3%
1 yr return
21.5%
3 Yr Avg Return
5.4%
5 Yr Avg Return
N/A
Net Assets
$29.4 M
Holdings in Top 10
28.8%
52 WEEK LOW AND HIGH
$15.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 37.04%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RBVAX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.01%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRBC Small Cap Value Fund
-
Fund Family NameRBC Global Asset Management.
-
Inception DateDec 03, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLance James
Fund Description
The Fund normally invests at least 80% of its assets in common stocks of small companies that are considered to be undervalued in relation to earnings, dividends and/or assets. For purposes of this policy, the term “assets” means net assets plus the amount of borrowings for investment purposes. Small companies are defined by the Fund as companies that fall within the market capitalization range of the Russell 2000® Value Index at the time of purchase. The Russell 2000® Value Index is an unmanaged index of common stock prices that measures the performance of those Russell 2,000 companies with lower price-to-book ratios and lower forecasted growth values. As of December 31, 2023, the market capitalization range for the Russell 2000® Value Index was approximately $16.95 million to $8.27 billion.
The Advisor uses a disciplined, bottom-up approach to select stocks for the Fund’s portfolio with a focus on fundamental research and qualitative analysis. This analysis considers factors such as attractive and sustainable business fundamentals, near-term profitability improvement potential, financial strength, management strength and low valuation. The Fund normally invests for the long-term, but may sell a security at any time the Advisor considers the security to be overvalued or otherwise unfavorable. The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of non-U.S. companies.
As part of the investment process, the Advisor takes material environmental, social and governance (“ESG”) factors into account through an integrated
approach within the investment team’s fundamental investment analysis framework. Material ESG factors are considered with respect to many companies in which the Fund may invest in order to identify issuers the Advisor believes will be materially impacted by such factors. Material ESG factors are some of the many factors considered in making investment decisions. The Advisor’s determination of the ESG criteria to apply, and the assessment of the ESG characteristics of an issuer or industry, may differ from the criteria or assessment applied by other investors. As a result, the Fund may invest in issuers that do not reflect what may be considered to be positive ESG characteristics or ESG values of any particular investor. Moreover, the methodology used to integrate material ESG factors may not eliminate the possibility of the Fund having exposure to issuers that exhibit negative ESG characteristics and may change over time.
RBVAX - Performance
Return Ranking - Trailing
| Period | RBVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -8.9% | 22.4% | 78.09% |
| 1 Yr | 21.5% | 5.9% | 41.2% | 87.41% |
| 3 Yr | 5.4%* | -13.4% | 69.5% | 32.77% |
| 5 Yr | N/A* | -2.8% | 52.5% | 95.30% |
| 10 Yr | N/A* | -2.5% | 28.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RBVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.4% | -6.0% | 33.6% | 11.57% |
| 2022 | -15.2% | -36.7% | 212.9% | 39.48% |
| 2021 | N/A | -62.0% | 147.6% | N/A |
| 2020 | N/A | -24.8% | 31.3% | N/A |
| 2019 | N/A | -21.7% | 34.0% | N/A |
Total Return Ranking - Trailing
| Period | RBVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -8.9% | 22.4% | 78.09% |
| 1 Yr | 21.5% | 5.9% | 41.2% | 87.41% |
| 3 Yr | 5.4%* | -13.4% | 69.5% | 32.77% |
| 5 Yr | N/A* | -2.8% | 52.5% | 98.67% |
| 10 Yr | N/A* | -2.5% | 28.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RBVAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.6% | 1.8% | 35.4% | 22.22% |
| 2022 | -11.0% | -36.7% | 250.0% | 46.34% |
| 2021 | N/A | -3.0% | 157.9% | N/A |
| 2020 | N/A | -13.5% | 33.4% | N/A |
| 2019 | N/A | -1.5% | 34.3% | N/A |
NAV & Total Return History
RBVAX - Holdings
Concentration Analysis
| RBVAX | Category Low | Category High | RBVAX % Rank | |
|---|---|---|---|---|
| Net Assets | 29.4 M | 5.95 M | 54 B | 92.61% |
| Number of Holdings | 66 | 10 | 1599 | 81.99% |
| Net Assets in Top 10 | 8.51 M | 762 K | 3.2 B | 90.53% |
| Weighting of Top 10 | 28.79% | 5.4% | 92.2% | 26.62% |
Top 10 Holdings
- RBC BlueBay US Government Money Market Fund 4.00%
- MKS Instruments Inc 3.28%
- Matador Resources Co 3.25%
- Magnolia Oil Gas Corp 3.07%
- Barrett Business Services Inc 2.84%
- Reinsurance Group of America Inc 2.64%
- Nexstar Media Group Inc 2.63%
- Taylor Morrison Home Corp 2.41%
- Onto Innovation Inc 2.37%
- Compass Diversified Holdings 2.29%
Asset Allocation
| Weighting | Return Low | Return High | RBVAX % Rank | |
|---|---|---|---|---|
| Stocks | 95.74% | 7.22% | 105.88% | 87.53% |
| Cash | 4.26% | 0.00% | 39.68% | 27.02% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 79.91% |
| Other | 0.00% | -1.83% | 31.19% | 83.14% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 79.16% |
| Bonds | 0.00% | 0.00% | 79.66% | 79.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RBVAX % Rank | |
|---|---|---|---|---|
| Industrials | 20.66% | 0.65% | 48.61% | 23.64% |
| Financial Services | 18.87% | 0.00% | 35.71% | 80.38% |
| Consumer Cyclical | 12.74% | 0.00% | 51.62% | 39.01% |
| Real Estate | 12.26% | 0.00% | 44.41% | 16.78% |
| Energy | 7.77% | 0.00% | 29.42% | 56.26% |
| Healthcare | 7.36% | 0.00% | 25.76% | 33.57% |
| Technology | 7.23% | 0.00% | 34.03% | 71.87% |
| Communication Services | 4.43% | 0.00% | 24.90% | 11.35% |
| Basic Materials | 4.04% | 0.00% | 67.30% | 72.81% |
| Consumer Defense | 2.61% | 0.00% | 13.22% | 72.34% |
| Utilities | 2.02% | 0.00% | 13.86% | 58.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RBVAX % Rank | |
|---|---|---|---|---|
| US | 95.74% | 7.22% | 105.88% | 76.21% |
| Non US | 0.00% | 0.00% | 76.17% | 82.45% |
RBVAX - Expenses
Operational Fees
| RBVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 37.04% | 0.05% | 37.04% | 0.23% |
| Management Fee | 0.70% | 0.00% | 1.50% | 31.25% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.32% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| RBVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.50% | 5.75% | 42.62% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RBVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | 46.81% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RBVAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 61.00% | 7.00% | 252.00% | 64.46% |
RBVAX - Distributions
Dividend Yield Analysis
| RBVAX | Category Low | Category High | RBVAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.95% | 0.00% | 14.14% | 71.59% |
Dividend Distribution Analysis
| RBVAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| RBVAX | Category Low | Category High | RBVAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.01% | -1.43% | 4.13% | 17.26% |
Capital Gain Distribution Analysis
| RBVAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.149 | OrdinaryDividend |
| Dec 21, 2022 | $0.623 | OrdinaryDividend |
| Dec 21, 2021 | $0.168 | OrdinaryDividend |
RBVAX - Fund Manager Analysis
Managers
Lance James
Start Date
Tenure
Tenure Rank
Dec 03, 2014
7.5
7.5%
Lance F. James is Managing Director and Senior Portfolio Manager. He has been in the investment industry since 1980.
Eric Autio
Start Date
Tenure
Tenure Rank
Dec 31, 2017
4.42
4.4%
Eric is a senior equity analyst at RBC GAM. He provides research and analysis for the U.S. Microcap Core, Small Cap Core, Small Cap Value and Mid Cap Value Strategies. Prior to joining the organization in 2014, he was senior equity analyst and partner at an Atlanta-based investment management boutique firm where he served as an industry generalist on the small and SMID cap value team. Previously, Eric was research analyst and vice president at an investment banking company covering a diverse range of sectors including retail, industrials and business services. He also served as director of a real estate firm based in Charlotte, managing its North Carolina commercial real estate research and software products portfolio. Eric’s experience also includes working in the capital management group of a large global financial services company. He began his career in the investment industry in 2002.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.22 | 3.58 |
