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RBC Global High Yield Bond Fund Series A

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2012

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NAVPS
(07-18-2024)
$8.79
Change
-$0.01 (-0.16%)

As at June 30, 2024

As at December 31, 2023

Period
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Legend

RBC Global High Yield Bond Fund Series A

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Fund Returns

Inception Return (July 17, 2003): 4.52%

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 0.41% 0.37% 1.69% 1.69% 8.01% 7.22% -2.06% 0.62% 0.01% 1.38% 0.93% 1.67% 1.97% 1.88%
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 262 / 301 261 / 301 258 / 301 258 / 301 197 / 295 147 / 292 269 / 286 254 / 276 255 / 270 222 / 250 222 / 238 203 / 221 169 / 193 156 / 181
Quartile Ranking 4 4 4 4 3 3 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 1.68% -1.08% -2.11% -1.24% 5.02% 4.01% -0.84% 0.57% 1.59% -1.57% 1.55% 0.41%
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

9.10% (December 2008)

Worst Monthly Return Since Inception

-13.49% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.87% -1.02% 10.85% 6.01% -4.45% 11.96% 4.05% -0.68% -15.07% 9.70%
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 2 3 2 4 2 3 4 4 2
Category Rank 39/ 173 65/ 185 137/ 201 61/ 229 196/ 240 67/ 265 167/ 275 254/ 277 280/ 286 122/ 295

Best Calendar Return (Last 10 years)

11.96% (2019)

Worst Calendar Return (Last 10 years)

-15.07% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 54.40
Foreign Corporate Bonds 34.14
Cash and Equivalents 5.76
Canadian Corporate Bonds 5.41
Canadian Government Bonds 0.25
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.19
Cash and Cash Equivalent 5.77
Financial Services 0.01
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 44.40
Latin America 21.19
Africa and Middle East 18.53
Asia 8.68
Europe 6.99
Other 0.21

Top Holdings

Top Holdings
Name Percent
BlueBay Emerging Markets Corporate Bond Fd O 4.10
Oman Government 4.75% 15-Jun-2026 1.23
Oman Government 6.50% 08-Mar-2047 1.09
Peru Government 8.75% 21-Nov-2033 1.05
Saudi Arabia Government 4.50% 17-Apr-2030 1.03
Colombia Government 6.13% 18-Jan-2041 1.00
Philippines Government 7.75% 14-Jan-2031 0.96
Petroleos Mexicanos 5.95% 28-Jan-2031 0.89
Dominican Republic Government 7.45% 30-Apr-2044 0.85
Turkiye Republic Government 6.00% 25-Mar-2027 0.82

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

RBC Global High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 9.72% 10.59% 8.16%
Beta 0.96% 1.15% 0.67%
Alpha -0.05% -0.04% -0.02%
Rsquared 0.45% 0.59% 0.32%
Sharpe -0.48% -0.14% 0.09%
Sortino -0.60% -0.28% -0.12%
Treynor -0.05% -0.01% 0.01%
Tax Efficiency - - 18.46%
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 7.71% 9.72% 10.59% 8.16%
Beta 0.61% 0.96% 1.15% 0.67%
Alpha 0.00% -0.05% -0.04% -0.02%
Rsquared 0.09% 0.45% 0.59% 0.32%
Sharpe 0.41% -0.48% -0.14% 0.09%
Sortino 1.33% -0.60% -0.28% -0.12%
Treynor 0.05% -0.05% -0.01% 0.01%
Tax Efficiency 77.31% - - 18.46%

Fund Details

Start Date July 17, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $3,405

Fund Codes

FundServ Code Load Code Sales Status
RBF579

Investment Objectives

The objectives of the fund are: to provide above average total returns and achieve a yield advantage; to provide total returns comprised of interest income and capital growth. The fund invests primarily in higher yielding corporate or government debt securities from anywhere around the world.

Investment Strategy

To achieve the fund's objectives, the portfolio manager: invests primarily in global high yield debt securities rated below BBB(-) by Standard & Poor's; employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are undervalued given current market sentiment.

Portfolio Manager(s)

Name Start Date
Frank Gambino 10-29-2001
David Nava 02-22-2021
Dagmara Fijalkowski 02-22-2021
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 Global Asset Management Inc.
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 1.73%
Management Fee 1.50%
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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