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RBC High Yield Bond Fund Series A
High Yield Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2017
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|
NAVPS (07-20-2026) |
$9.65 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at June 30, 2026
As at February 28, 2026
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Legend
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Fund Returns
Inception Return (October 12, 2010): 4.07%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.18% | 1.75% | 1.34% | 1.34% | 4.04% | 5.42% | 6.11% | 6.06% | 2.00% | 3.39% | 2.71% | 3.14% | 2.78% | 3.25% |
| Benchmark | 2.93% | 4.53% | 5.26% | 5.26% | 9.62% | 10.56% | 11.83% | 12.00% | 6.19% | 6.01% | 5.66% | 5.81% | 5.54% | 6.21% |
| Category Average | 0.09% | 2.19% | 1.64% | 1.64% | 4.58% | 6.07% | 6.70% | 6.25% | 2.52% | 3.98% | 3.29% | 3.45% | 3.22% | 3.69% |
| Category Rank | 152 / 253 | 177 / 252 | 139 / 250 | 139 / 250 | 144 / 245 | 166 / 242 | 178 / 235 | 166 / 232 | 176 / 229 | 183 / 218 | 177 / 212 | 148 / 197 | 154 / 185 | 140 / 169 |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.36% | 0.83% | 0.66% | 0.21% | 0.33% | 0.25% | 0.42% | 0.35% | -1.16% | 1.05% | 0.51% | 0.18% |
| Benchmark | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% |
Best Monthly Return Since Inception
5.59% (July 2022)
Worst Monthly Return Since Inception
-9.90% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 12.00% | 4.95% | -4.21% | 11.52% | 4.81% | 2.70% | -11.33% | 9.26% | 5.59% | 5.58% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 3 | 3 | 4 | 2 | 3 | 4 | 4 | 3 | 4 | 2 |
| Category Rank | 95/ 168 | 96/ 176 | 149/ 187 | 91/ 211 | 118/ 217 | 177/ 222 | 192/ 229 | 134/ 235 | 210/ 241 | 112/ 242 |
Best Calendar Return (Last 10 years)
12.00% (2016)
Worst Calendar Return (Last 10 years)
-11.33% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 52.28 |
| Foreign Corporate Bonds | 39.89 |
| Cash and Equivalents | 6.93 |
| Foreign Government Bonds | 0.41 |
| Canadian Government Bonds | 0.39 |
| Other | 0.10 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.10 |
| Cash and Cash Equivalent | 6.93 |
| Other | -0.03 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.07 |
| Europe | 0.96 |
| Other | -0.03 |
Top Holdings
| Name | Percent |
|---|---|
| iShares Broad USD High Yield Corp Bond ETF (USHY) | 3.64 |
| Canada Government 25-Feb-2026 | 1.88 |
| Rogers Communications Inc 5.63% 15-Apr-2055 | 1.52 |
| Telus Corp 6.25% 22-Apr-2030 | 1.41 |
| Capital Power Corp 8.13% 05-Jun-2054 | 1.10 |
| Government of Canada T-Bill Apr 08, 2026 | 1.08 |
| Wolf Midstream Canada LP 6.40% 18-Jul-2029 | 1.02 |
| TransAlta Corp 5.63% 24-Mar-2032 | 1.01 |
| Canadian Utilities Ltd 5.450% Dec 22, 2055 | 1.00 |
| Pembina Pipeline Corp 4.80% 25-Jan-2081 | 0.97 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.55% | 6.24% | 6.29% |
|---|---|---|---|
| Beta | 0.25 | 0.66 | 0.64 |
| Alpha | 0.03 | -0.02 | -0.01 |
| Rsquared | 0.10% | 0.41% | 0.41% |
| Sharpe | 0.70 | -0.12 | 0.24 |
| Sortino | 1.74 | -0.18 | 0.08 |
| Treynor | 0.10 | -0.01 | 0.02 |
| Tax Efficiency | 71.76% | 7.32% | 51.86% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.86% | 3.55% | 6.24% | 6.29% |
| Beta | 0.05 | 0.25 | 0.66 | 0.64 |
| Alpha | 0.04 | 0.03 | -0.02 | -0.01 |
| Rsquared | 0.01% | 0.10% | 0.41% | 0.41% |
| Sharpe | 0.89 | 0.70 | -0.12 | 0.24 |
| Sortino | 0.70 | 1.74 | -0.18 | 0.08 |
| Treynor | 0.34 | 0.10 | -0.01 | 0.02 |
| Tax Efficiency | 55.99% | 71.76% | 7.32% | 51.86% |
Fund Details
| Start Date | October 12, 2010 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $3,752 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF496 |
Investment Objectives
The objective of the fund is to provide a high level of income with the potential for modest capital growth. The fund invests primarily in higher yielding corporate debt securities issued by Canadian and U.S. corporations.
Investment Strategy
To achieve the fund's objectives, the portfolio manager: invests primarily in higher yielding debt securities rated from BBB to B (by Standard & Poor's or its equivalent), issued by Canadian and U.S. corporations; employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are considered to be undervalued.
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Global Asset Management Inc. Royal Bank of Canada RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.46% |
|---|---|
| Management Fee | 1.25% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.50% |
| Trailer Fee Max (LL) | - |
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