# RBC Funds Trust - RBC Microcap Value Fund (RMVIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rmvix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1987-09-15 This fund primarily invests a minimum of 80% of its assets in microcap value companies. Its investment strategy relies on a systematic quantitative model to identify and acquire these particular stocks. For the purpose of this fund, "microcap stocks" are defined as companies with a market capitalization, at the moment of initial purchase, ranging from $20 million up to the market capitalization that separates the 8th and 9th deciles of all stocks listed on the New York Stock Exchange. The adviser considers "value stocks" to be those primarily characterized by low price-to-book ratios. ## Key Facts | Metric | Value | |---|---| | Price | $29.10 | | Expense Ratio | 1.22% | | Assets Under Management | $91.6M | | NAV | $29.10 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | $29.10 /share | | Distribution Frequency | Annual | | 52-Week Range | $22.12 – $29.31 | | Beta | 1.06 | ## Latest Distribution - Amount: $29.1007 /share - Ex-date: 2025-09-29 - Pay date: — ## Frequently Asked Questions ### What does RMVIX invest in? This fund primarily invests a minimum of 80% of its assets in microcap value companies. Its investment strategy relies on a systematic quantitative model to identify and acquire these particular stocks. For the purpose of this fund, "microcap stocks" are defined as companies with a market capitalization, at the moment of initial purchase, ranging from $20 million up to the market capitalization that separates the 8th and 9th deciles of all stocks listed on the New York Stock Exchange. The adviser considers "value stocks" to be those primarily characterized by low price-to-book ratios. ### What is the expense ratio of RMVIX? RBC Funds Trust - RBC Microcap Value Fund (RMVIX) charges an expense ratio of 1.22%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RMVIX? RBC Funds Trust - RBC Microcap Value Fund (RMVIX) manages $91.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RMVIX actively managed or an index fund? RMVIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RMVIX's is 1.22%) in exchange for the discretion to over- or under-weight positions. ### When was RMVIX launched? RBC Funds Trust - RBC Microcap Value Fund (RMVIX) launched in September 1987 and is managed by the fund issuer. ### How has RMVIX performed? RMVIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RMVIX pay a dividend? RBC Funds Trust - RBC Microcap Value Fund (RMVIX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RMVIX pay dividends? RBC Funds Trust - RBC Microcap Value Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RMVIX's dividend yield? RMVIX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RMVIX's next ex-dividend date? The most recently announced ex-dividend date for RMVIX was 2025-09-29. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RMVIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.22% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RMVIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RMVIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RMVIX cost more than a fund like VOO? RMVIX is actively managed (current expense ratio 1.22%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RMVIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RMVIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RMVIX (1.22%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rmvix - Distribution history: https://www.dividenddata.com/funds/rmvix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rmvix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rmvix/expenses - Peer comparison: https://www.dividenddata.com/funds/rmvix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.