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BlueBay Global Convertible Bond Fund (Canada) Series A

High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2015

Click for more information on Fundata’s FundGrade

NAVPS
(07-18-2024)
$9.65
Change
-$0.05 (-0.55%)

As at June 30, 2024

As at May 31, 2024

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): 2.63%

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 0.52% -1.96% -1.48% -1.48% 1.36% 2.97% -6.58% -0.48% 1.41% 1.15% 1.09% 1.84% 0.83% 1.40%
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.68% 2.56% 2.56% 2.56% 7.97% 6.42% 0.23% 2.95% 2.20% 2.59% 2.42% 3.11% 2.73% 2.49%
Category Rank 244 / 301 301 / 301 300 / 301 300 / 301 292 / 295 280 / 292 286 / 286 262 / 276 227 / 270 229 / 250 215 / 238 199 / 221 192 / 193 179 / 181
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.45% -2.94% -2.07% -2.82% 3.99% 4.54% -1.90% 0.75% 1.67% -3.20% 0.76% 0.52%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

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 43/ 173 18/ 185 198/ 201 183/ 229 189/ 240 194/ 265 12/ 275 273/ 277 286/ 286 224/ 295

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 81.81
Cash and Equivalents 14.42
International Equity 2.17
US Equity 0.80
Canadian Corporate Bonds 0.48
Other 0.32

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 82.70
Cash and Cash Equivalent 14.41
Energy 0.97
Basic Materials 0.32
Other 1.60

Geographic Allocation

Geographic Allocation
Name Percent
North America 69.67
Europe 17.44
Asia 7.45
Other 5.44

Top Holdings

Top Holdings
Name Percent
MARGIN CASH - CAD - CITI NON CLEARED COLL 4.23
US Dollar 2.80
Uber Technologies Inc 15-Dec-2025 2.65
Exact Sciences Corp 0.38% 15-Mar-2027 2.58
Ford Motor Co 15-Mar-2026 2.41
Umicore SA 23-Jun-2025 2.40
Canadian Dollar 2.33
American Water Capital Corp 3.63% 15-Jun-2026 2.22
Akamai Technologies Inc 0.13% 01-May-2025 2.13
Meituan 27-Apr-2028 2.00

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
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 9.55% 10.53% 8.41%
Beta 0.69% 0.88% 0.54%
Alpha -0.09% -0.02% -0.02%
Rsquared 0.25% 0.35% 0.20%
Sharpe -0.98% -0.01% 0.03%
Sortino -1.15% -0.14% -0.20%
Treynor -0.13% 0.00% 0.00%
Tax Efficiency - 38.63% 41.38%
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 9.42% 9.55% 10.53% 8.41%
Beta 0.36% 0.69% 0.88% 0.54%
Alpha -0.03% -0.09% -0.02% -0.02%
Rsquared 0.02% 0.25% 0.35% 0.20%
Sharpe -0.33% -0.98% -0.01% 0.03%
Sortino -0.19% -1.15% -0.14% -0.20%
Treynor -0.09% -0.13% 0.00% 0.00%
Tax Efficiency 100.00% - 38.63% 41.38%

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) $138

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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