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Welcome to the new RBC iShares digital experience.

Find all things ETFs here: investment strategies, products, insights and more.

Buy and hold value

RNAV is the ETF series of RBC North American Value Fund, a top performer among its class for 15 years.* This actively managed ETF can be a smart choice for growing your money over the long term.

Explore RNAV Buy RNAV
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Unlock North American value:

Invest in high-quality North American companies trading at attractive valuations, offering the potential for strong returns.

Navigate North American markets with confidence:

Enhance your portfolio's resilience with a diversified approach that aims to provide stability across various market conditions.

Choose award-winning active management

Trust your investments to our proven, award-winning fund managers1 who actively seek out opportunities and manage risks to optimize your portfolio's performance.

Strong, consistent performance after fees

RBC North American Value Fund has consistently outperformed both its peer group and the S&P/TSX Composite Index, with lower volatility.

iShares RNAV chart desktop_EN(3) iShares RNAV chart desktop_EN(3)

*Data as of July 31, 2025. Based on series F performance, net of management fees. Source: Morningstar. Peer group represents Canadian Focused Equity determined by CIFSC. Standard deviation is a commonly used measure of risk and is applied to the annual rate of return of an investment to measure the investment’s volatility. Standard deviation shows how much the return on an investment is deviating from expected normal returns. A high standard deviation indicates a greater variability in investment performance. Returns for RBC North American Value Fund – Series F, as of August 31, 2025: 1yr: 18.5%, 3yr: 17.1%, 5yr: 16.7%, 10yr: 11.8%
What is value investing?
Value investing is an investment strategy where you buy stocks (or other assets) that appear to be undervalued (i.e. selling at a discount price) compared to their intrinsic value. Famous champions of value investing include Benjamin Graham (who wrote The intelligent Investor) and Warren Buffet
Can a value stock also be a growth stock? For example, can a fast-growing tech stock be a value stock?
Value stocks can be in any sector – even tech – if they’re trading below their intrinsic value.
Do value investments pay dividends?
Yes, a value investment may pay dividends, if the company has decided to distribute profits in the form of dividends to the investors of the stock (rather than reinvest it in the company). RBC North American Value Fund - ETF Series distributes dividends annually to its investors.
Are value investments lower risk than growth?
Over long periods, value investing tends to have lower volatility than pure growth investing, but it still carries market risks and sometimes underperforms growth for extended periods.

In 2019, RBC Global Asset Management and BlackRock Canada created an alliance to provide one of the largest full service ETF platforms in Canada2. Our combined expertise, insights and broad product offering drive meaningful progress for our clients in today's world. Learn more.

RBC Global Asset Management

A respected global firm with deep investment expertise and a client-first culture.

BlackRock Canada

A global investment manager that offers access to expert insights and a wide array of quality products.

Disclosure

1Brendan Wood International – TopGun Investment Minds are selected by sell side analysts, sales executives and traders in the investment industry. For more information, see: Learn More about TopGun Investment Minds
2Based on the combined ETF assets as of 1/1/2019. Source: BlackRock.

Investing involves risk, including possible loss of principal.

The RBC iShares alliance includes RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited.

Please consult your advisor and read the prospectus and/or Fund Facts or ETF Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with investments in mutual funds and exchange traded funds (ETFs). Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. ETF units and ETF Series units of RBC Funds are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers in Canada.