RBC International Equity Fund

Shareclass

RBC International Equity A (RIEAX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk banks and lenders and/or major consumer brands, but no holdings flagged for our deforestation-risk agricultural commodity producer/trader screen. Assigned a grade of B.
How we track deforestation-risk investments

16.69%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

17%

of assets flagged

This fund contains

$4.7 MILLION invested

in holdings flagged for deforestation risk

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Commodity producers

0 holdings

0% of assets

$0 invested

Banks and lenders

6 holdings

8.57% of assets

$2.41 MILLION invested

Major consumer brands

7 holdings

8.11% of assets

$2.28 MILLION invested

Commodity producers

0 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

Banks and lenders

6 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

6 HOLDINGS

% of portfolio
$ invested
1. DBS Group Holdings Ltd
2.52%2.52% of portfolio
$709,875$709,875 invested
2. ING Groep NV
1.64%1.64% of portfolio
$461,712$461,712 invested
3. Mitsubishi UFJ Financial Group Inc
1.48%1.48% of portfolio
$416,190$416,190 invested
4. Banco Bilbao Vizcaya Argentaria SA
1.08%1.08% of portfolio
$305,212$305,212 invested
5. National Australia Bank Ltd
0.93%0.93% of portfolio
$262,079$262,079 invested

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Major consumer brands

7 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

7 HOLDINGS

% of portfolio
$ invested
1. Lvmh Moet Hennessy Louis Vuitton SE
1.44%1.44% of portfolio
$406,767$406,767 invested
2. Unilever PLC
1.4%1.4% of portfolio
$394,964$394,964 invested
3. ASICS Corp
1.32%1.32% of portfolio
$371,578$371,578 invested
4. Fast Retailing Co Ltd
1.08%1.08% of portfolio
$303,712$303,712 invested
5. L'Oreal SA
1.03%1.03% of portfolio
$289,368$289,368 invested

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DATA AS OF 30 Sep 2025

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Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

RBC International Equity Fund RIEAX

Environment

Fossil fuels

Coal/oil/gas energy, fossil-fired utilities, related financial companies

Deforestation

Deforestation-risk agriculture, related financial companies, consumer brands

Social

Gender equality

Gender equality scorecard group ranking

Diversity disclosures

Diversity disclosures scorecard group ranking

N/A

Racial justice

Racial justice scorecard group ranking

N/A

LGBTQ+ equity

LGBTQ+ equity scorecard group ranking

N/A

Civilian firearms

Civilian firearms manufacturers, related gun retailers

Prison industrial complex

Prisons and borders industry, including private prison operators

Military weapons

Military arms manufacturers, including nuclear weapons, controversial weapons

Tobacco

Tobacco companies, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on RIEAX at Morningstar.com

Current fund

RIEAX

RBC International Equity Fund

Family

RBC Global Asset Management.

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-10.43% less in annualized returns

Less invested in commodity producers

1.21% less invested

More invested in banks and lenders

2.68% more invested

More invested in major consumer brands

1.68% more invested

Current fund

RIEAX

RBC International Equity Fund

Family

RBC Global Asset Management.

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-10.43% less in annualized returns

Less invested in commodity producers

1.21% less invested

More invested in banks and lenders

2.68% more invested

More invested in major consumer brands

1.68% more invested

Current fund

RIEAX

RBC International Equity Fund

Family

RBC Global Asset Management.

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-10.43% less in annualized returns

Less invested in commodity producers

1.21% less invested

More invested in banks and lenders

2.68% more invested

More invested in major consumer brands

1.68% more invested

Month-end trailing returns

Performance as of date: 10/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
RIEAX - RBC International Equity Fund

15%

Benchmark

25%

20%

11%

7.54%

1.21%

Fund compared to benchmark

-10.43%

1.21% lower

Find more financial data on RIEAX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

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Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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