Join Fund Library now and get free access to personalized features to help you manage your investments.

RP Alternative Global Bond Fund Class A

Alternative Credit Focus

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-17-2024)
$9.66
Change
$0.02 (0.22%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
Loading...

Legend

RP Alternative Global Bond Fund Class A

Compare Options


Fund Returns

Inception Return (July 10, 2019): 5.90%

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 1.63% 3.38% 9.35% 3.38% 12.58% 7.10% 4.76% 10.70% - - - - - -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 9 / 120 17 / 120 6 / 119 17 / 120 3 / 116 14 / 102 7 / 75 3 / 52 - - - - - -
Quartile Ranking 1 1 1 1 1 1 1 1 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.85% 0.38% 1.34% 1.10% -0.63% -0.11% 0.26% 3.33% 2.09% 1.20% 0.51% 1.63%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

7.07% (April 2020)

Worst Monthly Return Since Inception

-16.63% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 7.71% 4.05% 0.44% 8.35%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - 2 2 1 2
Category Rank - - - - - - 20/ 47 24/ 75 22/ 98 30/ 116

Best Calendar Return (Last 10 years)

8.35% (2023)

Worst Calendar Return (Last 10 years)

0.44% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 99.21
Canadian Corporate Bonds 33.23
Canadian Government Bonds 21.60
Cash and Equivalents 9.21
US Equity 3.68
Other -66.93

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.38
Cash and Cash Equivalent 9.21
Financial Services 3.65
Technology 0.01
Other -1.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.37
Europe 13.05
Latin America 5.62
Other -0.04

Top Holdings

Top Holdings
Name Percent
Canada Government 4.50% 01-Feb-2026 22.00
Canada Government 3.25% 01-Sep-2028 10.86
HCA Inc 5.38% 01-Mar-2026 4.04
BANCO SANTANDER SA FRN 01/09/2030 3.17
Boeing Co 2.20% 25-Mar-2024 3.12
Bacardi Ltd 2.75% 15-Apr-2026 2.97
Expedia Group Inc 6.25% 01-Feb-2025 2.85
Avolon Holdings Funding Ltd 2.13% 21-Jan-2026 2.83
WarnerMedia Holdings Inc 3.64% 15-Mar-2025 2.66
Aircastle Ltd 6.50% 18-Jun-2028 2.40

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RP Alternative Global Bond Fund Class A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 3.78% - -
Beta 0.31% - -
Alpha 0.05% - -
Rsquared 0.29% - -
Sharpe 0.56% - -
Sortino 0.78% - -
Treynor 0.07% - -
Tax Efficiency 54.70% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.66% 3.78% - -
Beta 0.41% 0.31% - -
Alpha 0.11% 0.05% - -
Rsquared 0.58% 0.29% - -
Sharpe 1.98% 0.56% - -
Sortino 9.48% 0.78% - -
Treynor 0.18% 0.07% - -
Tax Efficiency 76.93% 54.70% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date July 10, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
RPD200

Investment Objectives

The investment objective of the Fund is to generate attractive risk-adjusted returns with an emphasis on capital preservation. The Fund will invest primarily in investment grade debt and debt-like securities of corporations and financial institutions. The Fund may also use derivatives for leverage, engage in short selling and borrow cash for investment purposes.

Investment Strategy

To achieve the investment objective, the Fund intends to invest primarily in investment grade debt securities rated BBB- and above by Standard & Poor’s (or equivalent rating agency) from anywhere around the world, with a focus on G7 countries. The Fund may invest in corporate bonds, government and agency debt, high quality asset backed paper, floating rate notes, credit derivatives, preferred shares, and loans.

Portfolio Manager(s)

Name Start Date
Ilias Lagopoulos 10-18-2019
Michael Quinn 10-18-2019
David Matheson 10-18-2019

Management and Organization

Fund Manager RP Investment Advisors
Advisor RP Investment Advisors
Custodian The Northern Trust Company Canada
Registrar Apex Fund Services (Canada) Ltd.
Distributor -
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.86%
Management Fee 1.40%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.