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BlueBay Global Convertible Bond Fund (Canada) Series A
High Yield Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2021, 2015
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|
NAVPS (08-25-2026) |
$11.62 |
|---|---|
| Change |
$0.04
(0.36%)
|
As at July 31, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (November 26, 2012): 3.65%
| 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 | -0.21% | 2.41% | 4.07% | 6.55% | 7.64% | 9.42% | 6.13% | 5.51% | 0.07% | 2.26% | 3.67% | 3.31% | 2.95% | 3.15% |
| Benchmark | -1.29% | 3.37% | 4.17% | 3.90% | 6.59% | 8.26% | 10.95% | 10.62% | 5.75% | 5.25% | 5.36% | 5.59% | 5.64% | 5.76% |
| Category Average | -0.48% | 0.20% | 0.61% | 1.15% | 3.58% | 4.95% | 6.20% | 5.21% | 2.39% | 3.38% | 3.15% | 3.30% | 3.10% | 3.43% |
| Category Rank | 44 / 254 | 26 / 253 | 20 / 252 | 12 / 251 | 23 / 248 | 19 / 242 | 147 / 235 | 125 / 235 | 229 / 229 | 202 / 218 | 98 / 213 | 125 / 197 | 125 / 185 | 137 / 170 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 4 | 2 | 3 | 3 | 4 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.41% | 1.99% | 1.44% | -2.29% | -0.48% | 2.39% | 0.49% | -3.33% | 4.60% | 5.32% | -2.56% | -0.21% |
| Benchmark | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% |
Best Monthly Return Since Inception
6.45% (April 2020)
Worst Monthly Return Since Inception
-8.56% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.53% | 3.26% | -4.02% | 8.27% | 24.08% | -2.42% | -19.11% | 7.88% | 3.79% | 7.65% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 1 | 4 | 4 | 4 | 4 | 1 |
| Category Rank | 165/ 168 | 154/ 176 | 143/ 187 | 174/ 211 | 11/ 217 | 221/ 222 | 229/ 229 | 194/ 235 | 241/ 241 | 27/ 242 |
Best Calendar Return (Last 10 years)
24.08% (2020)
Worst Calendar Return (Last 10 years)
-19.11% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 62.45 |
| Cash and Equivalents | 18.96 |
| Canadian Corporate Bonds | 15.23 |
| International Equity | 2.26 |
| US Equity | 1.22 |
| Other | -0.12 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 77.68 |
| Cash and Cash Equivalent | 18.96 |
| Technology | 1.89 |
| Energy | 0.61 |
| Basic Materials | 0.17 |
| Other | 0.69 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 72.33 |
| Europe | 8.82 |
| Asia | 7.05 |
| Other | 11.80 |
Top Holdings
| Name | Percent |
|---|---|
| MARGIN CASH - CAD - CITI NON CLEARED COLL | 5.09 |
| US Dollar | 3.79 |
| MARGIN CASH - USD - CITI FUTURES | 3.65 |
| Canadian Dollar | 3.64 |
| Baidu Inc 12-Mar-2032 | 2.93 |
| EUR Currency | 2.57 |
| Microchip Technology Inc 0.750% Jun 01, 2030 | 2.35 |
| Quanta Computer Inc Strip Oct 02, 2030 | 2.20 |
| Nippon Steel Corp Strip Feb 14, 2031 | 2.04 |
| Schneider Electric SE 1.250% Sep 23, 2033 | 2.04 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BlueBay Global Convertible Bond Fund (Canada) Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 8.03% | 8.96% | 8.57% |
|---|---|---|---|
| Beta | 0.14 | 0.59 | 0.62 |
| Alpha | 0.05 | -0.03 | 0.00 |
| Rsquared | 0.01% | 0.17% | 0.20% |
| Sharpe | 0.35 | -0.28 | 0.18 |
| Sortino | 0.64 | -0.37 | 0.08 |
| Treynor | 0.20 | -0.04 | 0.02 |
| Tax Efficiency | 98.28% | - | 69.56% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.33% | 8.03% | 8.96% | 8.57% |
| Beta | 0.13 | 0.14 | 0.59 | 0.62 |
| Alpha | 0.07 | 0.05 | -0.03 | 0.00 |
| Rsquared | 0.00% | 0.01% | 0.17% | 0.20% |
| Sharpe | 0.59 | 0.35 | -0.28 | 0.18 |
| Sortino | 0.90 | 0.64 | -0.37 | 0.08 |
| Treynor | 0.41 | 0.20 | -0.04 | 0.02 |
| Tax Efficiency | 100.00% | 98.28% | - | 69.56% |
Fund Details
| Start Date | November 26, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $88 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF490 |
Investment Objectives
• To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in global convertible bonds issued by entities domiciled or carrying out their business activities anywhere in the world. 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 the fund’s assets primarily in global convertible bond securities, both rated and unrated, issued by entities domiciled or carrying out their business activities anywhere in the world; • conducts detailed company credit and equity analysis to identify investment opportunities offering higher probabilities of superior rates of return while simultaneously minimizing the prospect of default; • diversifies the portfolio so as not to
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc. |
|---|---|
| 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 |
RBC Investor Services Trust (Canada) RBC Global Asset Management Inc. Royal Bank of Canada |
| 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 | 1.59% |
|---|---|
| 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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