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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
(04-02-2025)
$7.11
Change
-$0.01 (-0.07%)

As at February 28, 2025

As at January 31, 2025

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): 2.83%

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 1.40% 1.80% 2.76% 2.21% 8.12% 7.86% 2.61% 0.04% 1.43% 2.44% 1.90% 2.26% 3.42% 2.63%
Benchmark 1.33% 0.71% 1.19% 2.46% 8.06% 8.68% 1.73% -0.91% -0.15% 1.16% 1.20% 1.80% 2.59% 2.38%
Category Average 0.69% 2.69% 4.92% 2.62% 9.97% 9.26% 5.05% 2.03% 1.65% 2.49% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 1.02% -1.06% 1.43% 0.66% 1.39% 1.68% 1.48% -1.01% 0.49% -0.40% 0.80% 1.40%
Benchmark 1.84% -2.02% 1.76% 0.42% 1.95% 2.73% 1.86% -2.11% 0.76% -1.71% 1.11% 1.33%

Best Monthly Return Since Inception

6.51% (November 2022)

Worst Monthly Return Since Inception

-12.62% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.15% 8.97% 9.90% -5.57% 11.08% 8.36% -2.77% -12.72% 7.53% 6.83%
Benchmark -1.01% 7.64% 11.48% -4.46% 12.73% 6.86% -3.56% -18.82% 10.89% 4.38%
Category Average - - - - 9.00% 3.99% -4.64% -9.10% 9.06% 8.21%
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 70.30
Foreign Government Bonds 18.47
Cash and Equivalents 11.13
Derivatives 0.09
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.78
Cash and Cash Equivalent 11.14
Other 0.08

Geographic Allocation

Geographic Allocation
Name Percent
North America 82.26
Latin America 7.91
Europe 4.20
Africa and Middle East 2.85
Asia 2.82
Other -0.04

Top Holdings

Top Holdings
Name Percent
US Dollar 6.57
Banco Mercantil Del Norte SA 8.75% PERP 1.68
Samarco Mineracao SA 9.00% 30-Jun-2031 1.67
First Abu Dhabi Bank PJSC 5.13% 13-Oct-2027 1.36
Niagara Energy SAC 5.75% 03-Jul-2034 1.24
Stillwater Mining Co 4.00% 16-Nov-2026 1.23
First Abu Dhabi Bank PJSC 6.32% 04-Oct-2028 1.21
Galaxy Pipeline Asset BdCo Ltd 2.94% 30-Sep-2040 1.21
Digicel Intermediate Hldgs Ltd 10.50% 25-May-2027 1.16
OCP SA 7.50% 02-Nov-2053 1.15

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. 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 7.88% 9.63% 7.43%
Beta 0.81% 0.81% 0.53%
Alpha -0.02% 0.01% 0.01%
Rsquared 0.64% 0.50% 0.30%
Sharpe -0.12% -0.05% 0.16%
Sortino -0.02% -0.15% -0.02%
Treynor -0.01% -0.01% 0.02%
Tax Efficiency 36.92% - 24.93%
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 3.37% 7.88% 9.63% 7.43%
Beta 0.49% 0.81% 0.81% 0.53%
Alpha 0.01% -0.02% 0.01% 0.01%
Rsquared 0.20% 0.64% 0.50% 0.30%
Sharpe 1.13% -0.12% -0.05% 0.16%
Sortino 2.53% -0.02% -0.15% -0.02%
Treynor 0.08% -0.01% -0.01% 0.02%
Tax Efficiency 79.93% 36.92% - 24.93%

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) $918

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 Management

Portfolio Manager

RBC Global Asset Management Inc.

  • Anthony Kettle
  • Polina Kurdyavko
Sub-Advisor

RBC Global Asset Management (UK) Limited

Management and Organization

Fund Manager

RBC Global Asset Management Inc.

Custodian

RBC Investor Services Trust (Canada)

Registrar

Royal Bank of Canada

RBC Investor Services Trust (Canada)

RBC Global Asset Management Inc.

Distributor

Royal Mutual Funds Inc.

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 1.77%
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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