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

BlueBay Global Alternative Bond Fund (Canada) Series A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-18-2024)
$9.08
Change
$0.00 (0.04%)

As at June 30, 2024

As at May 31, 2024

Period
Loading...

Legend

BlueBay Global Alternative Bond Fund (Canada) Series A

Compare Options


Fund Returns

Inception Return (October 28, 2020): 3.49%

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 -0.15% 1.25% 2.80% 2.80% 6.52% 5.52% 2.88% - - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 125 / 127 71 / 118 78 / 118 78 / 118 71 / 115 50 / 99 28 / 80 - - - - - - -
Quartile Ranking 4 3 3 3 3 3 2 - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.16% -0.15% 0.99% 0.05% 0.68% -0.14% 1.12% 0.25% 0.15% 0.72% 0.68% -0.15%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

2.58% (November 2020)

Worst Monthly Return Since Inception

-1.76% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -0.44% 3.36% 3.52%
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 - - - - - - - 4 1 4
Category Rank - - - - - - - 65/ 72 9/ 95 110/ 113

Best Calendar Return (Last 10 years)

3.52% (2023)

Worst Calendar Return (Last 10 years)

-0.44% (2021)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 54.79
Foreign Government Bonds 26.91
Cash and Equivalents 18.60
Canadian Corporate Bonds 4.06
Derivatives -4.36

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.76
Cash and Cash Equivalent 18.60
Other -4.36

Geographic Allocation

Geographic Allocation
Name Percent
Europe 54.54
North America 18.05
Latin America 11.67
Africa and Middle East 3.03
Multi-National 1.72
Other 10.99

Top Holdings

Top Holdings
Name Percent
MARGIN CASH - CAD - MS OTC CLEARED 5.59
Mexico Government 5.50% 04-Mar-2027 5.45
MARGIN CASH - CAD - HSBC NON CLEARED COLL 2.67
MARGIN CASH - EUR - MS OTC CLEARED 2.01
Mexico Government 4.00% 15-Mar-2115 1.91
Canada Government 1.50% 01-Sep-2024 1.51
Mexico Government 8.50% 31-May-2029 1.42
Canadian Dollar 1.31
Coloplast Finance BV 4.67% 19-May-2024 1.19
Credit Suisse Group AG 2.88% 02-Apr-2032 1.12

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

BlueBay Global Alternative Bond Fund (Canada) Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.90% - -
Beta -0.05% - -
Alpha 0.03% - -
Rsquared 0.02% - -
Sharpe -0.04% - -
Sortino -0.06% - -
Treynor 0.02% - -
Tax Efficiency - - -
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 2.37% 2.90% - -
Beta -0.16% -0.05% - -
Alpha 0.07% 0.03% - -
Rsquared 0.24% 0.02% - -
Sharpe 0.63% -0.04% - -
Sortino 4.64% -0.06% - -
Treynor -0.10% 0.02% - -
Tax Efficiency 82.71% - - -

Fund Details

Start Date October 28, 2020
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,634

Fund Codes

FundServ Code Load Code Sales Status
RBF9908

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in long and short positions of investment grade fixed-income securities issued by sovereign governments and entities, and corporations from anywhere around the world. It may also invest in high-yield debt securities and emerging-market sovereign and corporate bonds globally. The fund may engage in short sales, borrowing and/or derivatives for investment purposes. We will not change

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: invests primarily in investment grade fixed-income securities rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency) and across global interest rates, sovereign and non-sovereign credit, currencies, cash and derivatives; may seek to generate performance in all environments by investing in long and short positions.

Portfolio Manager(s)

Name Start Date
Vinit Patel 10-22-2020
Mark Dowding 10-22-2020
Andrzej Skiba 10-22-2020
RBC Global Asset Management (U.S.) Inc. 06-29-2022
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 Royal Bank of Canada
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers 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 1.71%
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) -

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