RBC mutual funds: RBC Canadian Equity Fund

RBC CANADIAN EQUITY FUND $29.08 (CWA Rating: Conservative) (RBC Mutual Funds, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-463-3863; Web site: www.royalbank.com. No load — deal directly with the bank) mainly invests in larger-capitalization stocks, but also looks for opportunities in small- and mid-cap stocks. The fund’s 10 largest holdings are EnCana, Potash Corp., Research in Motion, Manulife, Royal Bank, Suncor Energy, TD Bank, Canadian Natural Resources, Bank of Nova Scotia and Goldcorp. The $5.1-billion fund invests 45.3% of its holdings in resource stocks. It also holds 27.7% in finance. Over the last ten years, RBC Canadian Equity posted an 8.7% annual rate of return. That’s just over the S&P/TSX’s gain of 8.1%. The fund gained 5.9% over the last year, less than the S&P/TSX’s 6.6%. The fund’s MER is 1.99%. RBC Canadian Equity Fund is a buy.

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