RSMAX — RBC Emerging Markets Small Cap Equity Fund
Data updated: 2021-08-24
RSMAX — RBC Emerging Markets Small Cap Equity Fund. Japan Small Cap Growth Equity · $11.25M AUM. Holdings, fees, performance and SEC filings.
RSMAX Fund Overview
RSMAX — RBC Emerging Markets Small Cap Equity Fund is a US mutual fund managed by Rbc Funds Trust, categorised as Japan Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Rbc Funds Trust
- Category: Japan Small Cap Growth Equity
- Assets under management: $11.25M
- 1-year return: 43.1%
- Ticker: RSMAX
- SEC CIK: 0001272950
- SEC series ID: S000043476
- Share class ID: C000134843
RSMAX Investment Objective and Strategy
RBC Emerging Markets Small Cap Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Rbc Funds Trust.
Investment objective
The Fund seeks to provide long-term total capital growth.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 % of its assets in equity securities of smaller companies tied to emerging market countries that are considered by the Fund to have the potential to provide long-term total capital growth. For purposes of this policy, the term assets means net assets plus the amount of borrowings for investment purposes. The Fund currently considers smaller companies and issuers to be those that have a market capitalization at the time of purchase of up to $ 5 billion. A security is economically tied to an emerging market country if it is issued by a foreign government (or any political subdivision, agency, authority or instrumentality of such government) or corporation and the security is principally traded on the emerging market countrys securities markets, or a minimum of 50 % of the issuers assets are within the economies of emerging market countries.
The Fund may consider classifications by the World Bank, the International Finance Corporation or the United Nations (and its agencies) in determining whether a country is emerging or developed. The Fund considers emerging market countries as those defined by MSCI. The equity securities in which the Fund may invest include, but are not limited to, common stock, preferred stock, convertible securities, American Depositary Receipts, European Depositary Receipts, Global Depositary Receipts, participation notes, warrants and rights. The Fund will normally invest in a portfolio of equity securities denominated in both the U.S. Dollar and currencies of other developed countries, and in currencies of the local emerging market countries. Currencies of developed countries include: U.S. Dollar, Canadian Dollar, Euro, GB Pound and Japanese Yen.
Local currencies can be defined as the currency of the issuer based in non-U.S. countries worldwide (e.g. Brazil bonds issued in Brazilian Real). The Funds portfolio will normally consist of approximately 40 to 80 companies. The Sub-Advisor takes environmental, social and governance (ESG) factors into account in making investment decisions.
RSMAX Performance
Total returns for RSMAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 43.1% |
| 3 years (annualised) | 9.9% |
RSMAX Risk Information
Risk metrics for RSMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.0%
RSMAX Costs and Fees
RSMAX costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 4.12%
- Portfolio turnover: 24%
- Brokerage commissions: 5.19 bps of average net assets (SEC N-CEN)
RSMAX Cashflows
Over the 12 months to 2021-06, RBC Emerging Markets Small Cap Equity Fund had net inflows of $266.20K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | $40.66K |
| 2021-05 | $0 |
| 2021-04 | $32.92K |
| 2021-03 | $0 |
| 2021-02 | $1.58K |
| 2021-01 | $1.58K |
RSMAX Debt Constituents
No individual debt constituents are reported in RBC Emerging Markets Small Cap Equity Fund's latest SEC N-PORT filing.
RSMAX Prospectus and SEC Filings
Official RBC Emerging Markets Small Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-08-10
- Prospectus (485BPOS) — filed 2019-08-07
- Prospectus supplement (497) — filed 2020-06-29
- Portfolio holdings (N-PORT) — filed 2021-08-24
- Portfolio holdings (N-PORT) — filed 2021-05-20
- Portfolio holdings (N-PORT) — filed 2021-02-24
- Annual census (N-CEN) — filed 2021-06-09
- Annual census (N-CEN) — filed 2020-06-12
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.