Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Royal Bank of Canada for the reporting period ended December 31, 2014. The report was signed on February 13, 2015, by Ingrid Versnel, Senior Vice-President. The filing covers the holdings of Royal Bank of Canada and 17 other included managers, including RBC Global Asset Management Inc. and RBC Capital Markets, LLC.
Key Financial Metrics
As a Form 13F filing, this document reports investment holdings rather than the operating financial performance (revenue, profit, cash flow) of the reporting manager itself. The following aggregate metrics regarding the reported portfolio are provided:
- Total Value of Reported Holdings: $154,655,960,000 (reported in thousands).
- Total Number of Holdings Entries: 18,753.
- Number of Included Managers: 17.
The filing text does not provide data on Royal Bank of Canada's corporate revenue, profit margins, debt levels, or liquidity positions.
Material Changes and Unusual Items
The filing notes a specific structural change regarding included managers: On August 29, 2014, RBC Global Asset Management Inc. sold all of its ownership interest in Sky Investment Counsel Inc. Consequently, Sky Investment Counsel Inc. is no longer identified as an "Included Manager" for the purposes of this Form 13F.
Guidance, Outlook, and Risks
This document is a regulatory disclosure of securities holdings and does not contain management commentary, financial guidance, outlook, or risk factors related to the bank's future operations. The filing includes a standard disclaimer stating that the SEC has not reviewed the information and that readers should not assume it is accurate or complete.
Investor Verification Checklist
- Verify the total portfolio value of approximately $154.66 billion against the bank's total assets reported in its 10-K or annual report.
- Confirm the list of 17 included managers to ensure all relevant RBC subsidiaries are accounted for in the aggregate holdings.
- Note the exclusion of Sky Investment Counsel Inc. following the August 2014 divestiture.
- Understand that this filing reflects US-listed securities holdings only and does not represent the bank's global balance sheet.