Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Royal Bank of Canada for the quarter ended March 31, 2015. The report discloses the U.S. equity holdings of the reporting manager and 17 other included managers, including RBC Global Asset Management Inc. and various RBC trust and capital markets subsidiaries.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Royal Bank of Canada itself. The following aggregate portfolio metrics are disclosed:
- Total Portfolio Value: $143,254,655,000 (reported in thousands).
- Total Number of Holdings: 18,247 entries.
- Number of Included Managers: 17 additional managers are included in this consolidated report.
The filing text does not provide data on revenue, profit margins, debt levels, or liquidity for Royal Bank of Canada's core banking operations.
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 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 filing type does not contain management commentary, forward-looking guidance, or risk factors regarding the bank's future performance. It is a regulatory disclosure of current holdings.
Investor Verification Checklist
- Verify the total portfolio value of approximately $143.25 billion against the bank's total assets reported in its 10-K or 10-Q filings.
- Confirm the list of 17 included managers to ensure all relevant RBC subsidiaries are accounted for in the aggregate data.
- Note that this document reflects only U.S. equity holdings and does not represent the bank's global asset base or non-equity investments.