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RBC Global High Yield Bond Fund Series A
High Yield Fixed Income
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FundGrade D
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FundGrade A+® Rating Recipient
2016, 2012
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|
NAVPS (08-17-2026) |
$9.06 |
|---|---|
| Change |
-$0.01
(-0.16%)
|
As at July 31, 2026
As at March 31, 2026
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Fund Returns
Inception Return (July 17, 2003): 4.66%
| 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 | -0.97% | -0.05% | 0.26% | 0.67% | 4.99% | 5.58% | 6.38% | 5.74% | 1.18% | 1.88% | 1.72% | 2.44% | 2.06% | 2.40% |
| 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% | 2.38% | 3.38% | 3.15% | 3.30% | 3.10% | 3.43% |
| Category Rank | 224 / 254 | 197 / 253 | 176 / 252 | 158 / 251 | 65 / 248 | 84 / 242 | 124 / 235 | 113 / 235 | 212 / 229 | 206 / 218 | 207 / 213 | 173 / 197 | 169 / 185 | 165 / 170 |
| Quartile Ranking | 4 | 4 | 3 | 3 | 2 | 2 | 3 | 2 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.19% | 1.21% | 1.03% | 0.35% | 0.45% | 0.41% | 0.65% | -2.46% | 2.18% | 0.67% | 0.26% | -0.97% |
| 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
9.10% (December 2008)
Worst Monthly Return Since Inception
-13.49% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.85% | 6.01% | -4.45% | 11.96% | 4.05% | -0.68% | -15.07% | 9.70% | 5.38% | 8.62% |
| 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 | 3 | 2 | 4 | 2 | 3 | 4 | 4 | 2 | 4 | 1 |
| Category Rank | 122/ 168 | 53/ 176 | 150/ 187 | 66/ 211 | 137/ 217 | 210/ 222 | 223/ 229 | 112/ 235 | 218/ 241 | 19/ 242 |
Best Calendar Return (Last 10 years)
11.96% (2019)
Worst Calendar Return (Last 10 years)
-15.07% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 49.87 |
| Foreign Corporate Bonds | 26.49 |
| Canadian Corporate Bonds | 20.10 |
| Cash and Equivalents | 3.35 |
| Foreign Bonds - Other | 0.12 |
| Other | 0.07 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.58 |
| Cash and Cash Equivalent | 3.35 |
| Other | 0.07 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 49.98 |
| Latin America | 19.41 |
| Africa and Middle East | 15.82 |
| Europe | 8.02 |
| Asia | 6.68 |
| Other | 0.09 |
Top Holdings
| Name | Percent |
|---|---|
| BlueBay Emerging Markets Corporate Bond Fd O | 4.04 |
| iShares Broad USD High Yield Corp Bond ETF (USHY) | 1.35 |
| Argentina Government 1.50% 09-Jul-2035 | 1.20 |
| Government of Canada T-Bill May 20, 2026 | 1.04 |
| Peru Government 8.75% 21-Nov-2033 | 0.97 |
| Philippines Government 7.75% 14-Jan-2031 | 0.88 |
| Petroleos Mexicanos 5.95% 28-Jan-2031 | 0.86 |
| Colombia Government 6.13% 18-Jan-2041 | 0.85 |
| Panama Government 6.70% 26-Jan-2036 | 0.84 |
| Nigeria Government 7.88% 16-Feb-2032 | 0.82 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 5.39% | 7.98% | 8.01% |
|---|---|---|---|
| Beta | 0.30 | 0.78 | 0.80 |
| Alpha | 0.03 | -0.03 | -0.02 |
| Rsquared | 0.07% | 0.36% | 0.39% |
| Sharpe | 0.54 | -0.19 | 0.10 |
| Sortino | 1.07 | -0.24 | -0.05 |
| Treynor | 0.10 | -0.02 | 0.01 |
| Tax Efficiency | 71.71% | - | 32.61% |
| Volatility |
|
|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.06% | 5.39% | 7.98% | 8.01% |
| Beta | 0.23 | 0.30 | 0.78 | 0.80 |
| Alpha | 0.03 | 0.03 | -0.03 | -0.02 |
| Rsquared | 0.06% | 0.07% | 0.36% | 0.39% |
| Sharpe | 0.66 | 0.54 | -0.19 | 0.10 |
| Sortino | 0.66 | 1.07 | -0.24 | -0.05 |
| Treynor | 0.11 | 0.10 | -0.02 | 0.01 |
| Tax Efficiency | 64.60% | 71.71% | - | 32.61% |
Fund Details
| Start Date | July 17, 2003 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $4,339 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF579 |
Investment Objectives
• To provide above average total returns and achieve a yield advantage. • To provide total returns comprised of interest income and capital growth. The fund invests primarily in higher yielding corporate or government debt securities from anywhere around 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 primarily in global high yield debt securities rated below BBB(-) by Standard & Poor’s; • employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are undervalued given current market sentiment; • conducts detailed company credit and industry analysis to identify investment opportunities offering high probabilities of superior rates of return
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 Global Asset Management Inc. Royal Bank of Canada RBC Investor Services Trust (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 | 1.71% |
|---|---|
| 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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