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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-15-2026) |
$9.16 |
|---|---|
| Change |
$0.02
(0.17%)
|
As at May 31, 2026
As at April 30, 2026
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Inception Return (October 28, 2020): 2.78%
| 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 | -0.39% | -1.29% | -0.81% | -1.35% | 1.02% | 1.29% | 2.92% | 2.96% | 2.26% | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 148 / 150 | 149 / 150 | 142 / 146 | 146 / 146 | 133 / 134 | 119 / 119 | 105 / 106 | 87 / 91 | 61 / 67 | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.63% | 0.20% | 1.00% | -0.03% | 0.18% | -0.14% | 0.55% | 0.21% | -0.27% | -1.20% | 0.30% | -0.39% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
2.58% (November 2020)
-1.76% (June 2022)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | -0.44% | 3.36% | 3.52% | 4.80% | 2.17% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 4 | 1 | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | 64/ 64 | 7/ 85 | 102/ 105 | 96/ 110 | 126/ 132 |
4.80% (2024)
-0.44% (2021)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 27.36 |
| Canadian Corporate Bonds | 25.61 |
| Foreign Government Bonds | 20.45 |
| Canadian Government Bonds | 19.25 |
| Cash and Equivalents | 7.13 |
| Other | 0.20 |
| Name | Percent |
|---|---|
| Fixed Income | 92.67 |
| Cash and Cash Equivalent | 7.13 |
| Other | 0.20 |
| Name | Percent |
|---|---|
| North America | 48.30 |
| Europe | 32.20 |
| Asia | 6.31 |
| Latin America | 2.37 |
| Multi-National | 0.38 |
| Other | 10.44 |
| Name | Percent |
|---|---|
| Canada Government 1.00% 01-Sep-2026 | 19.25 |
| Colombian TES 12.500% Feb 27, 2030 | 5.94 |
| MARGIN CASH - CAD - MS OTC CLEARED | 4.35 |
| Japanese Yen | 2.16 |
| Republic of Poland Government International Bond 2.875% Jan 15, 2031 | 2.09 |
| Mexico Government International Bond 4.875% May 16, 2036 | 1.74 |
| Mexico Government 4.00% 15-Mar-2115 | 1.58 |
| MARGIN CASH - CAD - HSBC NON CLEARED COLL | 1.35 |
| Japan Government 0.50% 20-Mar-2060 | 1.25 |
| Mexico Government International Bond 3.875% May 16, 2031 | 1.21 |
BlueBay Global Alternative Bond Fund (Canada) Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.09% | 2.50% | - |
|---|---|---|---|
| Beta | -0.07 | -0.03 | - |
| Alpha | 0.03 | 0.02 | - |
| Rsquared | 0.03% | 0.01% | - |
| Sharpe | -0.32 | -0.25 | - |
| Sortino | -0.07 | -0.37 | - |
| Treynor | 0.10 | 0.18 | - |
| Tax Efficiency | 74.10% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.95% | 2.09% | 2.50% | - |
| Beta | 0.06 | -0.07 | -0.03 | - |
| Alpha | 0.01 | 0.03 | 0.02 | - |
| Rsquared | 0.01% | 0.03% | 0.01% | - |
| Sharpe | -0.68 | -0.32 | -0.25 | - |
| Sortino | -1.13 | -0.07 | -0.37 | - |
| Treynor | -0.24 | 0.10 | 0.18 | - |
| Tax Efficiency | 53.45% | 74.10% | - | - |
| 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) | $1,755 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF9908 |
> 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
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 |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
RBC Global Asset Management (U.S.) Inc. RBC Global Asset Management (UK) Limited |
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.70% |
|---|---|
| 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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