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BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

Global Corp Fixed Income

NAVPS
(04-17-2024)
$8.46
Change
$0.03 (0.41%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

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Fund Returns

Inception Return (January 22, 2021): -2.50%

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 1.32% 0.59% 8.27% 0.59% 6.66% -0.51% -1.90% - - - - - - -
Benchmark 1.10% -0.72% 7.87% -0.72% 5.14% -1.05% -2.79% 0.66% 0.74% 0.84% 1.64% 1.59% 1.65% 1.40%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.45% -0.72% 0.47% 0.82% -0.57% -1.91% -1.31% 4.99% 3.88% 0.29% -1.01% 1.32%
Benchmark 1.24% -1.89% 0.77% 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10%

Best Monthly Return Since Inception

4.99% (November 2023)

Worst Monthly Return Since Inception

-4.53% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -15.38% 8.85%
Benchmark 3.15% -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

8.85% (2023)

Worst Calendar Return (Last 10 years)

-15.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 70.65
Foreign Government Bonds 12.22
Cash and Equivalents 9.50
Canadian Corporate Bonds 7.42
Canadian Government Bonds 0.62
Other -0.41

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.91
Cash and Cash Equivalent 9.50
Other -0.41

Geographic Allocation

Geographic Allocation
Name Percent
North America 68.28
Europe 25.50
Latin America 1.52
Multi-National 1.19
Other 3.51

Top Holdings

Top Holdings
Name Percent
United States Treasury 5.00% 31-Aug-2025 3.15
United States Treasury 4.75% 15-Nov-2053 2.73
MARGIN CASH - USD - CITI NON CLEARED COLL 2.32
US Dollar 2.21
Credit Suisse Group AG 7.75% 01-Mar-2028 2.01
HSBC Holdings PLC 3.80% 11-Mar-2025 1.90
United Kingdom Government 4.25% 07-Jun-2032 1.54
Deutsche Bank AG 1.75% 19-Nov-2029 1.17
Citigroup Inc 5.61% 29-Sep-2025 1.07
BNP Paribas SA 4.750% Nov 13, 2032 1.02

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 7.75% - -
Beta 0.80% - -
Alpha -0.02% - -
Rsquared 0.54% - -
Sharpe -0.55% - -
Sortino -0.78% - -
Treynor -0.05% - -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.11% 7.75% - -
Beta 0.71% 0.80% - -
Alpha 0.03% -0.02% - -
Rsquared 0.35% 0.54% - -
Sharpe 0.27% -0.55% - -
Sortino 1.15% -0.78% - -
Treynor 0.03% -0.05% - -
Tax Efficiency 85.16% - - -

Fund Details

Start Date January 22, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $59

Fund Codes

FundServ Code Load Code Sales Status
RBF324

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in investment grade corporate debt securities from anywhere around the world. It may also invest in high yield debt securities and emerging market sovereign and corporate bonds globally. 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 primarily in investment grade debt securities rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency) of companies domiciled or carrying out their business activities anywhere in the world; conducts detailed company credit and industry 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
Andrzej Skiba 01-14-2021
Vinit Patel 01-14-2021
RBC Global Asset Management (U.S.) Inc. 09-27-2022
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 Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.47%
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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