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BlueBay Global High Yield Bond Fund (Canada) A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2024)
$8.34
Change
-$0.01 (-0.07%)

As at May 31, 2024

As at March 31, 2024

Period
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Legend

BlueBay Global High Yield Bond Fund (Canada) A

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Fund Returns

Inception Return (January 22, 2021): -0.01%

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 1.08% 1.18% 5.60% 1.86% 11.22% 3.92% -0.66% - - - - - - -
Benchmark 0.00% 1.38% 5.64% 4.71% 11.59% 9.36% 3.70% 3.44% 3.27% 4.18% 3.35% 4.92% 4.94% 5.70%
Category Average 1.17% 4.81% 4.81% 1.86% 8.15% 3.69% 0.33% 3.15% 2.38% 2.48% 2.28% 3.12% 2.55% 2.48%
Category Rank 141 / 295 209 / 295 94 / 295 184 / 295 60 / 289 162 / 286 241 / 277 - - - - - - -
Quartile Ranking 2 3 2 3 1 3 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.22% 1.79% -0.06% -0.62% -1.20% 4.17% 3.68% 0.35% 0.32% 1.08% -0.97% 1.08%
Benchmark -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00%

Best Monthly Return Since Inception

4.44% (July 2022)

Worst Monthly Return Since Inception

-6.65% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -10.78% 10.27%
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 - - - - - - - - 3 2
Category Rank - - - - - - - - 198/ 280 88/ 289

Best Calendar Return (Last 10 years)

10.27% (2023)

Worst Calendar Return (Last 10 years)

-10.78% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 81.05
Foreign Government Bonds 6.57
Canadian Corporate Bonds 6.33
Cash and Equivalents 5.02
Canadian Government Bonds 1.00
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.98
Cash and Cash Equivalent 5.03
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.34
Europe 22.60
Latin America 4.27
Multi-National 1.56
Other 0.23

Top Holdings

Top Holdings
Name Percent
BlueBay $U.S. Global High Yield Bond Fund (Cda) O 99.45
US Dollar 0.41
Canadian Dollar 0.15

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

BlueBay Global High Yield Bond Fund (Canada) A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.92% - -
Beta 0.79% - -
Alpha -0.03% - -
Rsquared 0.47% - -
Sharpe -0.41% - -
Sortino -0.55% - -
Treynor -0.04% - -
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 5.83% 7.92% - -
Beta 0.31% 0.79% - -
Alpha 0.07% -0.03% - -
Rsquared 0.05% 0.47% - -
Sharpe 1.03% -0.41% - -
Sortino 3.71% -0.55% - -
Treynor 0.20% -0.04% - -
Tax Efficiency 79.86% - - -

Fund Details

Start Date January 22, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $6

Fund Codes

FundServ Code Load Code Sales Status
RBF345

Investment Objectives

To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in high yield debt securities issued by entities domiciled in or carrying out the majority of their business activities anywhere around the world while minimizing the exposure to currency fluctuations between foreign currencies and the CAD.

Investment Strategy

The fund invests its assets primarily in units of the BlueBay $U.S. Global High Yield Bond Fund (Canada), which is sub-advised by RBC Global Asset Management (UK) Limited and RBC Global Asset Management (U.S.) Inc. The fund may also invest in underlying funds managed by RBC GAM or an affiliate of RBC GAM. The fund also employs strategies to minimize the effect on the fund of currency fluctuations in the value of foreign currencies relative to the Canadian dollar.

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 01-14-2021
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 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 1.81%
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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