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RBC $U.S. Global Bond Fund Series A

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Global Fixed Income

NAVPS
(05-03-2024) 		$8.46
Change
$0.03 (0.39%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC $U.S. Global Bond Fund Series A

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Fund Returns

Inception Return (March 29, 2021): -4.17%

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 0.66% -1.02% 5.40% -1.02% 1.00% -3.14% -4.08% - - - - - - -
Benchmark 0.63% -2.15% 5.84% -2.15% 0.30% -4.13% -5.11% -3.04% -1.52% -1.28% -0.19% -0.40% 0.14% -0.16%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.18% -0.86% -0.29% -0.36% -0.46% -2.42% -0.85% 3.76% 3.51% -0.77% -0.91% 0.66%
Benchmark 0.55% -1.95% 0.04% 0.40% -1.24% -3.09% -1.31% 5.07% 4.32% -1.29% -1.49% 0.63%

Best Monthly Return Since Inception

3.76% (November 2023)

Worst Monthly Return Since Inception

-3.64% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -14.65% 5.08%
Benchmark 1.29% -2.75% 2.17% 6.95% -1.09% 6.85% 8.94% -5.24% -16.87% 5.56%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

5.08% (2023)

Worst Calendar Return (Last 10 years)

-14.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 68.69
Cash and Equivalents 14.71
Canadian Corporate Bonds 9.19
Canadian Government Bonds 3.10
Canadian Bonds - Other 0.05
Other 4.26

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.08
Cash and Cash Equivalent 14.71
Exchange Traded Fund 4.19
Other 0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 55.42
Europe 26.31
Asia 14.13
Latin America 2.21
Multi-National 1.53
Other 0.40

Top Holdings

Top Holdings
Name Percent
Bank of Nova Scotia UTD 5.400% Jan 02, 2024 14.49
United States Treasury 2.38% 15-May-2027 6.08
United States Treasury 1.38% 15-Nov-2040 4.87
iShares Core Canadian Short Term Corp Bnd Inx(XSH) 4.73
United States Treasury 0.88% 15-Nov-2030 4.53
United States Treasury 1.63% 15-Aug-2029 4.38
iShares ? Corp Bond 1-5 yr UCITS ETF EUR Dist 4.19
United States Treasury 1.63% 15-May-2026 4.07
Vanguard Canadian Short-Term Corp Bond Index (VSC) 4.02
Japan Government 0.40% 20-Sep-2040 3.26

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC $U.S. Global Bond Fund Series A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 6.28% - -
Beta 0.66% - -
Alpha -0.02% - -
Rsquared 0.54% - -
Sharpe -1.05% - -
Sortino -1.31% - -
Treynor -0.10% - -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 - -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.26% 6.28% - -
Beta 0.70% 0.66% - -
Alpha 0.01% -0.02% - -
Rsquared 0.45% 0.54% - -
Sharpe -0.57% -1.05% - -
Sortino -0.50% -1.31% - -
Treynor -0.05% -0.10% - -
Tax Efficiency 49.28% - - -

Fund Details

Start Date March 29, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $38

Fund Codes

FundServ Code Load Code Sales Status
RBF338

Investment Objectives

> To achieve above average long-term total returns by taking advantage of interest rate and currency fluctuations in world fixed-income markets. > To provide total returns comprised of interest income and some capital growth. The fund invests primarily in high-quality fixed-income securities, denominated in foreign currencies and issued internationally by governments and their agencies around the world.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: invests in fixed-income securities of governments, their agencies, supranational organizations or companies throughout the world; selects securities based on fundamental economic analysis examining economic growth, inflation and the fiscal and monetary policy in each country.

Portfolio Manager(s)

Name Start Date
Soo Boo Cheah 01-14-2021
Dagmara Fijalkowski 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 1.60%
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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