In This Article:
Exploring the Fund's Latest Investment Decisions and Portfolio Adjustments
RBC Canadian Equity Income Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment maneuvers during this period. The fund is known for its focus on a diversified portfolio of Canadian securities, including common and preferred shares of dividend-paying Canadian companies, real estate investment trusts, and income trusts. With a cap of 35% on foreign securities, the fund aims to deliver a high level of monthly cash flow and tax-efficient distributions, primarily through returns of capital, capital gains, and interest income, while also seeking modest capital growth.
Summary of New Buy
RBC Canadian Equity Income Fund (Trades, Portfolio) added a total of 7 stocks, among them:
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The most significant addition was Alimentation Couche-Tard Inc (TSX:ATD), with 324,169 shares, accounting for 0.82% of the portfolio and a total value of C$25.843 million.
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The second largest addition to the portfolio was InterRent Real Estate Investment Trust (TSX:IIP.UN), consisting of 1,828,000 shares, representing approximately 0.59% of the portfolio, with a total value of C$18.554 million.
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The third largest addition was Bristol-Myers Squibb Co (NYSE:BMY), with 120,000 shares, accounting for 0.31% of the portfolio and a total value of $9.756 million.
Key Position Increases
RBC Canadian Equity Income Fund (Trades, Portfolio) also increased stakes in a total of 20 stocks, among them:
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The most notable increase was in Loblaw Companies Ltd (TSX:L), with an additional 62,000 shares, bringing the total to 117,000 shares. This adjustment represents a significant 112.73% increase in share count, a 0.37% impact on the current portfolio, with a total value of C$22.133 million.
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The second largest increase was in Sun Life Financial Inc (TSX:SLF), with an additional 135,000 shares, bringing the total to 872,602. This adjustment represents an 18.3% increase in share count, with a total value of C$74.477 million.
Summary of Sold Out
RBC Canadian Equity Income Fund (Trades, Portfolio) completely exited 3 holdings in the fourth quarter of 2024, as detailed below:
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Aptiv PLC (NYSE:APTV): RBC Canadian Equity Income Fund (Trades, Portfolio) sold all 115,000 shares, resulting in a -0.38% impact on the portfolio.
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Capital Power Corp (TSX:CPX): RBC Canadian Equity Income Fund (Trades, Portfolio) liquidated all 252,000 shares, causing a -0.34% impact on the portfolio.