The RBC iShares alliance has announced the launch of three new ETF Series of RBC Funds, expanding its suite of alternative investment solutions for Canadian investors and advisors. Managed by RBC Global Asset Management Inc. (RBC GAM Inc.), these funds are expected to begin trading on Cboe Canada as of June 9, 2026.
New ETF Series Overview
The newly introduced funds include the RBC Enhanced North American Value Fund – ETF Series, the RBC Enhanced Quant Canadian Dividend Leaders Fund – ETF Series, and the RBC Enhanced Quant U.S. Dividend Leaders Fund – ETF Series. Each fund aims to provide investors with access to alternative investment strategies that leverage approximately 25% of net asset value to enhance potential returns.
Fund Details and Management Fees
- RBC Enhanced North American Value Fund – ETF Series (RNVL): Management fee of 1.00%.
- RBC Enhanced Quant Canadian Dividend Leaders Fund – ETF Series (RCDL): Management fee of 0.65%.
- RBC Enhanced Quant U.S. Dividend Leaders Fund – ETF Series (RUDL): Management fee of 0.65%.
These ETF Series are designed to offer medium and long-term investors convenient and cost-effective access to leveraged solutions with daily liquidity.
Expanded Suite of Alternative Investment Solutions
The new ETF Series are an extension of the alternative investment solutions currently offered by RBC GAM Inc. By employing leverage at approximately 25% of each fund's net asset value, these funds aim to increase potential returns. Stephen Hoffman, Managing Director of Exchange-Traded Funds at RBC Global Asset Management Inc., stated: "Canadian investors and advisors are continually looking for new solutions to help address portfolio construction challenges during times of heightened market volatility. Increasingly, they are drawn to alternative investments due to the unique benefits they can bring to their portfolios. By introducing the RBC Enhanced Funds in ETF Series, we are expanding our suite of alternative investment solutions to make sophisticated investment strategies accessible for Canadians who prefer to invest using ETFs."
Fund Investment Strategies
RBC Enhanced North American Value Fund – ETF Series: This fund invests primarily, directly or indirectly, in undervalued Canadian and U.S. companies with long-term growth potential. It primarily invests in ETF Series units of RBC North American Value Fund, which has over $10 billion in assets under management. Leverage of approximately 25% of net asset value is used to enhance returns.
RBC Enhanced Quant Canadian Dividend Leaders Fund – ETF Series: This fund invests primarily in a portfolio of high-quality Canadian equity securities that aim to provide regular dividend income and long-term capital growth. It primarily invests in units of RBC Quant Canadian Dividend Leaders ETF, which has over $400 million in assets under management. Leverage of approximately 25% of net asset value is used to enhance returns.
RBC Enhanced Quant U.S. Dividend Leaders Fund – ETF Series: This fund invests primarily in a portfolio of high-quality U.S. equity securities that aim to provide regular dividend income and long-term capital growth. It primarily invests in units of RBC Quant U.S. Dividend Leaders ETF, which has over $900 million in assets under management. Leverage of approximately 25% of net asset value is used to enhance returns.
