RBC Enterprise Fund (TETAX)
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, it 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.
Fund Info
| ISIN | US74926P6051 |
|---|---|
| CUSIP | 74926P605 |
| Issuer | RBC Global Asset Management. |
| Inception Date | Apr 19, 2004 |
| Category | Small Cap Blend Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
TETAX has a high expense ratio of 1.33%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RBC Enterprise Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RBC Enterprise Fund had a return of 9.25% year-to-date (YTD) and 21.34% in the last 12 months. Over the past 10 years, RBC Enterprise Fund had an annualized return of 6.19%, while the S&P 500 had an annualized return of 10.88%, indicating that RBC Enterprise Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.25% | 18.13% |
| 1 month | 2.01% | 1.45% |
| 6 months | 4.68% | 8.81% |
| 1 year | 21.34% | 26.52% |
| 5 years (annualized) | 8.90% | 13.43% |
| 10 years (annualized) | 6.19% | 10.88% |
Monthly Returns
The table below presents the monthly returns of TETAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.28% | 7.73% | 3.09% | -7.20% | 4.85% | -1.67% | 10.79% | -3.74% | 9.25% | ||||
| 2023 | 6.84% | -0.49% | -3.71% | -4.72% | 3.51% | 8.18% | 6.34% | -5.57% | -4.61% | -5.33% | 7.59% | 10.13% | 17.34% |
| 2022 | -7.93% | 2.58% | -0.40% | -6.02% | 1.34% | -7.77% | 9.41% | -2.69% | -10.31% | 12.04% | 2.75% | -6.21% | -14.82% |
| 2021 | 1.55% | 11.90% | 2.42% | 3.13% | -0.35% | -1.00% | 0.50% | 2.97% | -2.20% | 3.49% | -1.83% | 3.70% | 26.27% |
| 2020 | -5.05% | -8.48% | -24.09% | 14.65% | 5.14% | 5.31% | 1.13% | 1.77% | -5.60% | 0.68% | 17.02% | 6.45% | 2.02% |
| 2019 | 13.18% | 7.03% | -4.64% | 3.65% | -8.55% | 7.82% | -0.23% | -4.43% | 4.52% | 3.98% | 2.35% | 2.98% | 28.95% |
| 2018 | 0.91% | -4.45% | 1.41% | -0.19% | 4.09% | 2.14% | 0.79% | 5.42% | -3.90% | -12.49% | -0.88% | -13.55% | -20.56% |
| 2017 | -1.35% | -0.77% | 1.42% | 1.91% | -1.71% | 4.20% | -0.45% | -0.12% | 10.04% | 0.67% | 1.07% | -0.74% | 14.52% |
| 2016 | -9.08% | 2.61% | 7.07% | 3.54% | -1.02% | 1.19% | 7.13% | 2.38% | -0.14% | -4.65% | 13.47% | 2.83% | 26.23% |
| 2015 | -6.87% | 6.10% | 2.90% | -0.63% | -2.62% | 1.52% | -4.23% | -4.37% | -5.88% | 4.56% | 0.71% | -5.09% | -13.96% |
| 2014 | -4.79% | 5.07% | -0.29% | -3.39% | -1.34% | 3.71% | -4.57% | 3.06% | -6.57% | 6.92% | -3.68% | 2.96% | -3.93% |
| 2013 | 4.93% | 1.95% | 6.24% | -2.10% | 4.56% | 2.05% | 4.99% | -1.68% | 7.55% | 2.68% | 3.05% | 1.61% | 41.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TETAX is 22, indicating that it is in the bottom 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RBC Enterprise Fund (TETAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RBC Enterprise Fund granted a 2.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $2.30 | $2.42 | $1.63 | $1.27 | $2.57 | $5.05 | $0.22 | $1.19 | $3.21 | $0.68 |
Dividend yield | 2.51% | 2.74% | 17.13% | 13.07% | 9.76% | 7.05% | 17.17% | 22.86% | 0.93% | 6.26% | 13.70% | 2.46% |
Monthly Dividends
The table displays the monthly dividend distributions for RBC Enterprise Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.30 | $2.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.42 | $2.42 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 | $1.63 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.57 | $2.57 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.05 | $5.05 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.19 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.21 | $3.21 |
| 2013 | $0.68 | $0.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the RBC Enterprise Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RBC Enterprise Fund was 72.48%, occurring on Mar 9, 2009. Recovery took 1166 trading sessions.
The current RBC Enterprise Fund drawdown is 5.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.48% | Jul 13, 2007 | 416 | Mar 9, 2009 | 1166 | Oct 24, 2013 | 1582 |
| -48.61% | Sep 4, 2018 | 387 | Mar 18, 2020 | 204 | Jan 7, 2021 | 591 |
| -30.11% | Mar 7, 2014 | 471 | Jan 19, 2016 | 216 | Nov 23, 2016 | 687 |
| -24.37% | Nov 8, 2021 | 222 | Sep 26, 2022 | 349 | Feb 15, 2024 | 571 |
| -13.64% | Sep 13, 2005 | 74 | Dec 27, 2005 | 90 | May 8, 2006 | 164 |
Volatility
Volatility Chart
The current RBC Enterprise Fund volatility is 6.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.