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BlueBay Emerging Markets High Yield Corporate Bond Fund (Canada) Series A

Emerg Mkts Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$12.13
Change
-$0.02 (-0.17%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

BlueBay Emerging Markets High Yield Corporate Bond Fund (Canada) Series A

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Fund Returns

Inception Return (October 13, 2021): 3.45%

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 0.96% 5.73% 9.14% 5.73% 12.18% 6.67% - - - - - - - -
Benchmark 1.61% 3.45% 11.17% 3.45% 9.46% 4.54% -0.14% 0.12% 0.30% 1.16% 1.34% 2.31% 2.76% 4.08%
Category Average 1.06% 9.02% 9.02% 2.05% 8.58% 3.87% 0.64% 3.11% 1.04% 0.89% - - - -
Category Rank 39 / 69 4 / 69 31 / 66 4 / 69 15 / 66 12 / 60 - - - - - - - -
Quartile Ranking 3 1 2 1 1 1 - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.02% -0.08% 0.14% 1.23% 1.85% -0.39% 0.58% 1.96% 0.66% 2.32% 2.35% 0.96%
Benchmark 0.97% -1.12% -0.50% 1.36% 1.10% -3.28% 1.39% 3.75% 2.16% -0.12% 1.93% 1.61%

Best Monthly Return Since Inception

5.89% (November 2022)

Worst Monthly Return Since Inception

-4.61% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -4.47% 6.97%
Benchmark 14.63% 18.71% 3.92% 4.16% 4.15% 7.03% 4.99% -4.38% -12.92% 7.92%
Category Average - - - - - 9.00% 3.99% -4.64% -9.10% 9.06%
Quartile Ranking - - - - - - - - 2 3
Category Rank - - - - - - - - 20/ 60 46/ 66

Best Calendar Return (Last 10 years)

6.97% (2023)

Worst Calendar Return (Last 10 years)

-4.47% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 65.33
Foreign Government Bonds 16.80
Cash and Equivalents 11.87
Canadian Corporate Bonds 5.94
Derivatives 0.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.07
Cash and Cash Equivalent 11.88
Other 0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.90
Latin America 9.85
Europe 6.70
Africa and Middle East 1.56
Other -0.01

Top Holdings

Top Holdings
Name Percent
US Dollar 9.10
Ecopetrol SA 5.38% 26-Mar-2026 2.27
Samarco Mineracao SA 9.500% Jun 30, 2031 2.24
Teva Pharmaceuticl Fnce III BV 3.15% 01-Oct-2026 2.03
ORYX Funding Ltd 5.80% 03-Feb-2031 1.45
Petroleos Mexicanos 6.95% 28-Jan-2060 1.42
Argentina Government 3.88% 09-Jan-2038 1.36
Ecopetrol SA 5.88% 28-May-2045 1.30
Millicom International Cell SA 6.25% 25-Mar-2029 1.23
Banco Mercantil Del Norte SA 7.63% PERP 1.18

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date October 13, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $127

Fund Codes

FundServ Code Load Code Sales Status
RBF347

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in high yield debt securities of corporations based in emerging market countries. The fund may also invest in government debt securities of emerging markets and developed countries. 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 emerging market high yield corporate debt securities rated below investment grade (BB+ or below by Standard & Poor’s or an equivalent rating agency) denominated in U.S. dollars. The fund may also invest in emerging market high yield corporate debt securities denominated in local currencies or another G7 currency.

Portfolio Manager(s)

Name Start Date
Polina Kurdyavko 10-13-2021
Anthony Kettle 10-13-2021
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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.68%
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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