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Trending ETFs

Name

As of 03/27/2024

Price

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

RBC Enterprise Fund

TETAX | Fund

$16.54

$69.4 M

0.17%

$0.03

2.22%

Vitals

YTD Return

7.8%

1 yr return

25.8%

3 Yr Avg Return

5.2%

5 Yr Avg Return

9.0%

Net Assets

$69.4 M

Holdings in Top 10

25.0%

52 WEEK LOW AND HIGH

$16.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.22%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

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

RBC Enterprise Fund

TETAX | Fund

$16.54

$69.4 M

0.17%

$0.03

2.22%

TETAX - Profile

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 9.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    RBC Enterprise Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Jun 30, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Lance James

Fund Description

The Fund normally invests primarily in common stocks of companies whose market capitalizations at the time of the Fund’s initial purchase are below the dollar-weighted median market capitalization of companies in the Russell 2000® Index, which are often referred to as “micro-cap” companies. However, the Fund is more broadly authorized to invest in common stocks of small capitalization companies, defined for this purpose as companies whose market capitalizations at the time of initial purchase are at or below the highest capitalization represented in the Russell 2000® Index. As of December 31, 2023, the highest capitalization represented in the Russell 2000® Index was $15.79 billion. The Fund’s benchmark index is the Russell Microcap® Index.
The Fund seeks to provide long-term growth of capital while taking a low risk approach to small company investing. The Fund selects stocks of companies that are selling at prices the Advisor believes are attractive in relation to the companies’ fundamental financial characteristics and business prospects. The Advisor uses a bottom-up approach to select stocks for the Fund’s portfolio with a focus on companies’ competitive positions, strong balance sheets, and profit margin improvement potential. The Advisor believes that portfolios of smaller companies with low valuations, long-term attractive business fundamentals, and near-term profitability improvement potential should produce strong absolute and risk-adjusted returns over time.
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 may be 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.
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TETAX - Performance

Return Ranking - Trailing

Period TETAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -5.1% 23.8% 15.86%
1 Yr 25.8% -12.5% 56.1% 20.90%
3 Yr 5.2%* -8.5% 41.4% 18.38%
5 Yr 9.0%* -13.7% 32.2% 51.08%
10 Yr 5.6%* -3.0% 17.2% 89.34%

* Annualized

Return Ranking - Calendar

Period TETAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -49.6% 29.0% 43.45%
2022 -27.5% -59.3% 118.2% 86.85%
2021 10.8% -31.6% 39.3% 46.70%
2020 -7.2% -51.0% 39.5% 96.62%
2019 20.5% -16.9% 37.8% 53.73%

Total Return Ranking - Trailing

Period TETAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -5.1% 23.8% 15.86%
1 Yr 25.8% -12.5% 56.1% 20.90%
3 Yr 5.2%* -8.5% 41.4% 18.38%
5 Yr 9.0%* -13.7% 32.2% 51.08%
10 Yr 5.6%* -3.0% 17.2% 89.34%

* Annualized

Total Return Ranking - Calendar

Period TETAX Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% -21.7% 31.8% 35.19%
2022 -15.1% -45.2% 123.7% 29.19%
2021 25.8% 0.0% 47.7% 33.88%
2020 2.0% -50.5% 46.9% 90.04%
2019 28.9% -12.6% 43.7% 13.33%

NAV & Total Return History


TETAX - Holdings

Concentration Analysis

TETAX Category Low Category High TETAX % Rank
Net Assets 69.4 M 480 K 118 B 86.14%
Number of Holdings 69 2 2519 84.39%
Net Assets in Top 10 16.8 M 104 K 9.83 B 80.53%
Weighting of Top 10 25.04% -2849.0% 100.5% 26.06%

Top 10 Holdings

  1. iShares Micro-Cap ETF 3.62%
  2. Ducommun Inc 3.04%
  3. Super Micro Computer Inc 2.83%
  4. G-III Apparel Group Ltd 2.30%
  5. Barrett Business Services Inc 2.28%
  6. iShares Biotechnology ETF 2.27%
  7. SPDR SP Biotech ETF 2.25%
  8. Koppers Holdings Inc 2.23%
  9. Apollo Medical Holdings Inc 2.11%
  10. Materion Corp 2.11%

Asset Allocation

Weighting Return Low Return High TETAX % Rank
Stocks
98.95% -565235.00% 107.11% 37.72%
Cash
1.08% 0.00% 565934.00% 66.84%
Preferred Stocks
0.00% 0.00% 7.53% 76.49%
Other
0.00% -598.74% 82.28% 79.12%
Convertible Bonds
0.00% 0.00% 3.17% 76.10%
Bonds
0.00% -2.00% 74.53% 76.84%

Stock Sector Breakdown

Weighting Return Low Return High TETAX % Rank
Industrials
30.81% 2.46% 37.42% 1.60%
Consumer Cyclical
17.93% 0.99% 47.79% 3.55%
Financial Services
15.50% 0.00% 35.52% 47.34%
Healthcare
9.37% 0.00% 26.53% 79.96%
Technology
9.27% 0.00% 54.70% 90.96%
Energy
5.89% 0.00% 37.72% 55.50%
Consumer Defense
2.99% 0.00% 18.87% 76.24%
Communication Services
2.85% 0.00% 14.85% 46.63%
Basic Materials
2.46% 0.00% 18.66% 94.33%
Real Estate
2.31% 0.00% 29.43% 90.43%
Utilities
0.62% 0.00% 18.58% 86.35%

Stock Geographic Breakdown

Weighting Return Low Return High TETAX % Rank
US
98.95% -565235.00% 107.11% 27.89%
Non US
0.00% 0.00% 94.14% 79.12%

TETAX - Expenses

Operational Fees

TETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.22% 0.01% 38.45% 5.47%
Management Fee 0.95% 0.00% 1.50% 89.61%
12b-1 Fee 0.25% 0.00% 1.00% 60.46%
Administrative Fee N/A 0.01% 0.45% 25.22%

Sales Fees

TETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 33.33%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 64.91%

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.

TETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 1.00% 314.00% 13.35%

TETAX - Distributions

Dividend Yield Analysis

TETAX Category Low Category High TETAX % Rank
Dividend Yield 0.17% 0.00% 42.10% 20.88%

Dividend Distribution Analysis

TETAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

TETAX Category Low Category High TETAX % Rank
Net Income Ratio 0.21% -2.40% 2.49% 45.92%

Capital Gain Distribution Analysis

TETAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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TETAX - Fund Manager Analysis

Managers

Lance James


Start Date

Tenure

Tenure Rank

Jan 01, 1999

23.43

23.4%

Lance F. James is Managing Director and Senior Portfolio Manager. He has been in the investment industry since 1980.

Murphy O'Flaherty


Start Date

Tenure

Tenure Rank

Oct 28, 2021

0.59

0.6%

Murphy is a senior equity analyst at RBC GAM providing research for the U.S. Microcap Core, Small Cap Core, Small Cap Value and Mid Cap Value Strategies. Prior to joining the firm in 2015, she was executive director at a large global full-service brokerage and investment bank. In that role, she utilized fundamental equity research to advise and make stock recommendations to asset managers employing all major investment strategies within all market capitalizations. Previously, Murphy served in a similar role as director at a large Canadian financial institution. She also worked in equities and fixed income for two separate global financial services companies. Murphy has worked in the investment industry since 1995.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.05 2.58