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BlueBay Emerging Markets Corporate Bond Fund Series A U$

Emerg Mkts Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(07-19-2024)
$6.99
Change
-$0.01 (-0.10%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

BlueBay Emerging Markets Corporate Bond Fund Series A U$

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Fund Returns

Inception Return (January 30, 2012): 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 0.66% 1.03% 3.06% 3.06% 7.61% 5.87% -2.11% 0.63% 0.95% 2.07% 1.58% 2.30% 2.36% 1.93%
Benchmark 0.42% 0.12% 0.92% 0.92% 7.86% 7.46% -3.75% -1.02% -0.85% 1.06% 0.70% 1.26% 2.08% 1.52%
Category Average -0.03% 2.60% 2.60% 2.60% 8.27% 8.69% -0.07% 0.84% 0.62% 1.79% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.96% -0.96% -1.21% -1.59% 3.94% 3.34% 0.25% 0.74% 1.02% -1.06% 1.43% 0.66%
Benchmark 1.90% -1.65% -3.22% -1.26% 6.23% 5.05% -1.42% 0.40% 1.84% -2.02% 1.76% 0.42%

Best Monthly Return Since Inception

6.51% (November 2022)

Worst Monthly Return Since Inception

-12.62% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.72% -3.15% 8.97% 9.90% -5.57% 11.08% 8.36% -2.77% -12.72% 7.53%
Benchmark 5.15% -1.01% 7.64% 11.48% -4.46% 12.73% 6.86% -3.56% -18.82% 10.89%
Category Average - - - - - 9.00% 3.99% -4.64% -9.10% 9.06%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

11.08% (2019)

Worst Calendar Return (Last 10 years)

-12.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 71.69
Foreign Government Bonds 20.26
Cash and Equivalents 5.19
Canadian Corporate Bonds 2.54
US Equity 0.17
Other 0.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.50
Cash and Cash Equivalent 5.19
Real Estate 0.00
Other 0.31

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.50
Latin America 6.76
Europe 3.77
Multi-National 3.45
Africa and Middle East 3.26
Other 2.26

Top Holdings

Top Holdings
Name Percent
US Dollar 2.66
United States Treasury 5.00% 31-Oct-2025 2.05
Samarco Mineracao SA 9.00% 30-Jun-2031 1.93
First Abu Dhabi Bank PJSC 5.13% 13-Oct-2027 1.40
Korea Electric Power Corp 5.38% 31-Jul-2026 1.40
Galaxy Pipeline Asset BdCo Ltd 2.94% 30-Sep-2040 1.32
Saudi Electricity Sukuk Programme Co 5.684% Apr 11, 2053 1.26
First Abu Dhabi Bank PJSC 6.32% 04-Apr-2034 1.25
Stillwater Mining Co 4.00% 16-Nov-2026 1.20
Digicel Intermediate Hldgs Ltd 10.50% 25-May-2027 1.18

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

BlueBay Emerging Markets Corporate Bond Fund Series A U$

Median

Other - Emerg Mkts Fixed Income

3 Yr Annualized

Standard Deviation 8.14% 9.57% 7.44%
Beta 0.74% 0.81% 0.46%
Alpha -0.02% 0.01% 0.00%
Rsquared 0.63% 0.50% 0.26%
Sharpe -0.59% -0.07% 0.10%
Sortino -0.76% -0.21% -0.14%
Treynor -0.07% -0.01% 0.02%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 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 6.00% 8.14% 9.57% 7.44%
Beta 0.70% 0.74% 0.81% 0.46%
Alpha 0.00% -0.02% 0.01% 0.00%
Rsquared 0.48% 0.63% 0.50% 0.26%
Sharpe 0.44% -0.59% -0.07% 0.10%
Sortino 1.53% -0.76% -0.21% -0.14%
Treynor 0.04% -0.07% -0.01% 0.02%
Tax Efficiency 78.37% - - -

Fund Details

Start Date January 30, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $901

Fund Codes

FundServ Code Load Code Sales Status
RBF491

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in 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 corporate debt securities denominated in U.S. dollars. The fund may also invest in emerging market corporate debt securities denominated in local currencies or another G7 currency; may also invest in emerging market sovereign bonds and government debt securities of developed countries in local currencies or in another G7 currency.

Portfolio Manager(s)

Name Start Date
Polina Kurdyavko 01-12-2022
Anthony Kettle 01-12-2022
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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.75%
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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