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RBC High Yield Bond Fund Series A

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High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017

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NAVPS
(11-22-2024) 		$9.69
Change
$0.00 (0.04%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

RBC High Yield Bond Fund Series A

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Fund Returns

Inception Return (October 12, 2010): 4.01%

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 -0.37% 1.67% 5.06% 4.87% 12.37% 7.80% 0.79% 2.23% 2.02% 2.98% 2.24% 2.66% 3.22% 2.94%
Benchmark 2.26% 3.80% 8.78% 13.90% 17.70% 14.40% 6.03% 4.76% 4.75% 5.41% 4.78% 4.95% 5.71% 6.38%
Category Average -0.34% 1.96% 5.58% 6.30% 13.32% 8.38% 1.37% 2.95% 2.78% 3.24% 2.70% 3.06% 3.36% 2.90%
Category Rank 207 / 304 238 / 303 234 / 302 268 / 302 250 / 302 233 / 296 238 / 287 231 / 277 224 / 271 190 / 259 188 / 237 172 / 225 150 / 195 123 / 182
Quartile Ranking 3 4 4 4 4 4 4 4 4 3 4 4 4 3

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.88% 3.15% -0.41% 0.10% 0.81% -0.68% 1.05% 0.80% 1.45% 0.91% 1.12% -0.37%
Benchmark 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26%

Best Monthly Return Since Inception

5.59% (July 2022)

Worst Monthly Return Since Inception

-9.90% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.36% -1.38% 12.00% 4.95% -4.21% 11.52% 4.81% 2.70% -11.33% 9.26%
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 3 2 4 2 3 3 4 2
Category Rank 89/ 171 71/ 183 107/ 199 108/ 227 194/ 238 93/ 263 146/ 273 206/ 278 240/ 287 148/ 296

Best Calendar Return (Last 10 years)

12.00% (2016)

Worst Calendar Return (Last 10 years)

-11.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 47.13
Foreign Corporate Bonds 44.35
Cash and Equivalents 7.82
Foreign Government Bonds 0.48
Canadian Bonds - Other 0.19
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.14
Cash and Cash Equivalent 7.82
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Other 0.04

Top Holdings

Top Holdings
Name Percent
Invesco Senior Loan ETF (BKLN) 3.01
Rogers Communications Inc 5.00% 17-Dec-2081 1.27
Canada Government 12-Sep-2024 1.07
Ford Credit Canada Co 6.78% 15-Sep-2025 0.86
Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 0.86
Bank of Montreal 4.54% 18-Dec-2028 0.85
Secure Energy Services Inc 6.75% 22-Mar-2029 0.82
Capital Power Corp 8.13% 05-Jun-2054 0.78
Crescent Energy Finance LLC 9.25% 15-Feb-2028 0.77
AerCap Holdings NV 5.88% 10-Oct-2079 0.77

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.90% 8.36% 6.57%
Beta 0.84% 0.89% 0.52%
Alpha -0.04% -0.02% 0.00%
Rsquared 0.51% 0.60% 0.31%
Sharpe -0.30% 0.01% 0.23%
Sortino -0.32% -0.10% 0.02%
Treynor -0.03% 0.00% 0.03%
Tax Efficiency - 21.05% 47.12%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 4.76% 7.90% 8.36% 6.57%
Beta 0.22% 0.84% 0.89% 0.52%
Alpha 0.08% -0.04% -0.02% 0.00%
Rsquared 0.03% 0.51% 0.60% 0.31%
Sharpe 1.51% -0.30% 0.01% 0.23%
Sortino 6.76% -0.32% -0.10% 0.02%
Treynor 0.33% -0.03% 0.00% 0.03%
Tax Efficiency 86.70% - 21.05% 47.12%

Fund Details

Start Date October 12, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $2,503

Fund Codes

FundServ Code Load Code Sales Status
RBF496

Investment Objectives

The objective of the fund is to provide a high level of income with the potential for modest capital growth. The fund invests primarily in higher yielding corporate debt securities issued by Canadian and U.S. corporations.

Investment Strategy

To achieve the fund's objectives, the portfolio manager: invests primarily in higher yielding debt securities rated from BBB to B (by Standard & Poor's or its equivalent), issued by Canadian and U.S. corporations; employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are considered to be undervalued.

Portfolio Manager(s)

Name Start Date
Frank Gambino 10-12-2010
Dagmara Fijalkowski 02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.46%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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