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BlueBay Global Convertible Bond Fund (Canada) Series A

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2015

Click for more information on Fundata’s FundGrade

NAVPS
(04-17-2024)
$9.37
Change
-$0.03 (-0.27%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

BlueBay Global Convertible Bond Fund (Canada) Series A

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Fund Returns

Inception Return (November 26, 2012): 2.87%

Fund Returns
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 1.67% 0.49% 6.17% 0.49% 5.06% -2.63% -5.44% 3.82% 1.80% 1.70% 1.45% 2.06% 1.19% 1.79%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 19 / 300 287 / 300 259 / 298 287 / 300 272 / 294 283 / 288 281 / 281 237 / 274 215 / 266 203 / 242 198 / 229 198 / 201 186 / 190 159 / 173
Quartile Ranking 1 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.56% -0.09% 3.33% 2.45% -2.94% -2.07% -2.82% 3.99% 4.54% -1.90% 0.75% 1.67%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

6.45% (April 2020)

Worst Monthly Return Since Inception

-8.56% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.72% 2.91% -0.53% 3.26% -4.02% 8.27% 24.08% -2.42% -19.11% 7.88%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 1 1 4 4 4 3 1 4 4 4
Category Rank 42/ 172 18/ 183 197/ 200 181/ 228 187/ 240 194/ 265 12/ 273 271/ 275 285/ 285 221/ 294

Best Calendar Return (Last 10 years)

24.08% (2020)

Worst Calendar Return (Last 10 years)

-19.11% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 82.70
Cash and Equivalents 11.58
Canadian Corporate Bonds 2.94
International Equity 1.55
US Equity 0.82
Other 0.41

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.04
Cash and Cash Equivalent 11.58
Energy 1.22
Basic Materials 0.33
Other 0.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 68.49
Europe 21.84
Asia 7.38
Other 2.29

Top Holdings

Top Holdings
Name Percent
Rivian Automotive Inc 4.63% 15-Mar-2029 3.05
Exact Sciences Corp 0.38% 15-Mar-2027 2.49
Umicore SA 0.00% 23-Jun-2025 2.35
Akamai Technologies Inc 0.13% 01-May-2025 2.20
Ford Motor Co 0.00% 15-Mar-2026 2.19
Mp Materials Corp 0.25% 01-Apr-2026 2.17
Meituan 0.00% 27-Apr-2028 1.88
SK Hynix Inc 1.75% 11-Apr-2030 1.88
LG Chem Ltd 1.25% 18-Jul-2028 1.84
MARGIN CASH - CAD - CITI NON CLEARED COLL 1.75

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: .
Period: 

Risk vs Return (3 Yr)

BlueBay Global Convertible Bond Fund (Canada) Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 9.48% 10.57% 8.35%
Beta 0.69% 0.88% 0.53%
Alpha -0.07% -0.01% -0.01%
Rsquared 0.26% 0.35% 0.20%
Sharpe -0.82% 0.04% 0.09%
Sortino -1.03% -0.09% -0.14%
Treynor -0.11% 0.00% 0.01%
Tax Efficiency - 47.20% 51.57%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.43% 9.48% 10.57% 8.35%
Beta -0.09% 0.69% 0.88% 0.53%
Alpha 0.06% -0.07% -0.01% -0.01%
Rsquared 0.00% 0.26% 0.35% 0.20%
Sharpe 0.06% -0.82% 0.04% 0.09%
Sortino 0.41% -1.03% -0.09% -0.14%
Treynor -0.07% -0.11% 0.00% 0.01%
Tax Efficiency 100.00% - 47.20% 51.57%

Fund Details

Start Date November 26, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $155

Fund Codes

FundServ Code Load Code Sales Status
RBF490

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in global convertible bonds issued by entities domiciled or carrying out their business activities anywhere in the world. We will not change the fundamental investment objectives of the fund unless we have the consent of a majority of the voting unitholders of the fund to do so.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: invests the fund’s assets primarily in global convertible bond securities, both rated and unrated, issued by entities domiciled or carrying out their business activities anywhere in the world; conducts detailed company credit and equity analysis to identify investment opportunities offering higher probabilities of superior rates of return while simultaneously minimizing the prospect of default.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 02-02-2022
RBC Global Asset Management (UK) Limited 06-27-2023

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

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 1.60%
Management Fee 1.35%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.75%
Trailer Fee Max (LL) -

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