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High Yield Fixed Income
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2016, 2012
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|
NAVPS (11-19-2024) |
$8.92 |
|---|---|
| Change |
$0.02
(0.21%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (July 17, 2003): 4.62%
| 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 | -1.10% | 2.06% | 5.80% | 5.51% | 15.25% | 10.46% | -0.64% | 0.86% | 0.59% | 2.06% | 1.19% | 1.70% | 2.40% | 2.18% |
| 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 | 296 / 304 | 144 / 303 | 147 / 302 | 233 / 302 | 71 / 302 | 61 / 296 | 272 / 287 | 253 / 277 | 257 / 271 | 235 / 259 | 221 / 237 | 207 / 225 | 181 / 195 | 162 / 182 |
| Quartile Ranking | 4 | 2 | 2 | 4 | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.02% | 4.01% | -0.84% | 0.57% | 1.59% | -1.57% | 1.55% | 0.41% | 1.66% | 1.65% | 1.52% | -1.10% |
| 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% |
9.10% (December 2008)
-13.49% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.87% | -1.02% | 10.85% | 6.01% | -4.45% | 11.96% | 4.05% | -0.68% | -15.07% | 9.70% |
| 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 | 1 | 2 | 3 | 2 | 4 | 2 | 3 | 4 | 4 | 2 |
| Category Rank | 39/ 171 | 65/ 183 | 135/ 199 | 60/ 227 | 195/ 238 | 67/ 263 | 165/ 273 | 255/ 278 | 281/ 287 | 125/ 296 |
11.96% (2019)
-15.07% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 54.61 |
| Foreign Corporate Bonds | 34.59 |
| Canadian Corporate Bonds | 6.04 |
| Cash and Equivalents | 4.70 |
| Canadian Government Bonds | 0.18 |
| Other | -0.12 |
| Name | Percent |
|---|---|
| Fixed Income | 95.41 |
| Cash and Cash Equivalent | 4.70 |
| Other | -0.11 |
| Name | Percent |
|---|---|
| North America | 45.57 |
| Latin America | 20.89 |
| Africa and Middle East | 17.79 |
| Asia | 8.53 |
| Europe | 7.17 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| BlueBay Emerging Markets Corporate Bond Fd O | 4.21 |
| Invesco Senior Loan ETF (BKLN) | 1.21 |
| Oman Government 4.75% 15-Jun-2026 | 1.20 |
| Oman Government 6.50% 08-Mar-2047 | 1.05 |
| Peru Government 8.75% 21-Nov-2033 | 1.01 |
| Saudi Arabia Government 4.50% 17-Apr-2030 | 0.99 |
| Philippines Government 7.75% 14-Jan-2031 | 0.91 |
| Colombia Government 6.13% 18-Jan-2041 | 0.91 |
| Petroleos Mexicanos 5.95% 28-Jan-2031 | 0.89 |
| Dominican Republic Government 7.45% 30-Apr-2044 | 0.83 |
RBC Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 9.84% | 10.67% | 8.16% |
|---|---|---|---|
| Beta | 0.99% | 1.11% | 0.65% |
| Alpha | -0.06% | -0.04% | -0.02% |
| Rsquared | 0.46% | 0.56% | 0.31% |
| Sharpe | -0.37% | -0.10% | 0.11% |
| Sortino | -0.41% | -0.21% | -0.08% |
| Treynor | -0.04% | -0.01% | 0.01% |
| Tax Efficiency | - | - | 28.19% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.72% | 9.84% | 10.67% | 8.16% |
| Beta | 0.14% | 0.99% | 1.11% | 0.65% |
| Alpha | 0.12% | -0.06% | -0.04% | -0.02% |
| Rsquared | 0.01% | 0.46% | 0.56% | 0.31% |
| Sharpe | 1.47% | -0.37% | -0.10% | 0.11% |
| Sortino | 4.57% | -0.41% | -0.21% | -0.08% |
| Treynor | 0.72% | -0.04% | -0.01% | 0.01% |
| Tax Efficiency | 87.70% | - | - | 28.19% |
| 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) | $3,573 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF579 |
The objectives of the fund are: 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.
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.
| Name | Start Date |
|---|---|
| Frank Gambino | 10-29-2001 |
| David Nava | 02-22-2021 |
| Dagmara Fijalkowski | 02-22-2021 |
| RBC Global Asset Management (UK) Limited | 06-27-2023 |
| 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 |
| 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 |
| MER | 1.73% |
|---|---|
| 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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