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RBC Global High Yield Bond Fund Series A

High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2012

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$8.89
Change
-$0.02 (-0.25%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2005Jan 2007Jan 2009Jan 2011Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jan 2004Jan 2008Jan 2012Jan 2016Jan 2020Jan 2024$10,000$15,000$20,000$25,000$30,000$5,000$8,500$9,000$9,500$10,500$11,000$11,500Period

Legend

RBC Global High Yield Bond Fund Series A

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Fund Returns

Inception Return (July 17, 2003): 4.56%

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 1.27% -0.58% 0.41% 1.50% 5.61% 7.53% 3.97% -0.06% 1.98% 1.31% 1.84% 1.40% 2.27% 2.14%
Benchmark 1.07% -2.34% 2.00% -0.08% 11.86% 11.73% 10.19% 5.68% 5.07% 4.65% 5.25% 4.38% 5.67% 5.61%
Category Average 1.41% -0.01% 1.21% 1.56% 6.80% 7.48% 4.72% 1.91% 3.87% 3.11% 3.09% 2.84% 3.53% 2.96%
Category Rank 156 / 241 186 / 241 203 / 238 80 / 238 206 / 237 155 / 231 210 / 228 215 / 222 215 / 215 209 / 209 190 / 190 180 / 181 165 / 165 143 / 156
Quartile Ranking 3 4 4 2 4 3 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.41% 1.66% 1.65% 1.52% -1.10% 0.96% -1.07% 1.16% 0.92% -1.01% -0.83% 1.27%
Benchmark 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07%

Best Monthly Return Since Inception

9.10% (December 2008)

Worst Monthly Return Since Inception

-13.49% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.02% 10.85% 6.01% -4.45% 11.96% 4.05% -0.68% -15.07% 9.70% 5.38%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 2 3 2 4 2 3 4 4 3 4
Category Rank 56/ 150 119/ 164 49/ 172 147/ 183 66/ 207 131/ 214 208/ 218 219/ 225 117/ 231 217/ 237

Best Calendar Return (Last 10 years)

11.96% (2019)

Worst Calendar Return (Last 10 years)

-15.07% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 50.75
Foreign Corporate Bonds 34.82
Canadian Corporate Bonds 8.25
Cash and Equivalents 6.18

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.83
Cash and Cash Equivalent 6.18
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 48.76
Latin America 19.76
Africa and Middle East 16.64
Europe 7.57
Asia 7.28
Other -0.01

Top Holdings

Top Holdings
Name Percent
BlueBay Emerging Markets Corporate Bond Fd O 4.21
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 1.23
SPDR Bloomberg High Yield Bond ETF (JNK) 1.22
Oman Government 4.75% 15-Jun-2026 1.16
Argentina Government 1.50% 09-Jul-2035 1.13
Philippines Government 7.75% 14-Jan-2031 1.12
Canada Government 15-Jan-2025 0.97
Oman Government 6.50% 08-Mar-2047 0.96
Peru Government 8.75% 21-Nov-2033 0.94
Saudi Arabia Government 4.50% 17-Apr-2030 0.89

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return123456789101112130%2%4%6%8%10%12%

RBC Global High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.92% 8.34% 8.16%
Beta 0.92% 0.80% 0.73%
Alpha -0.05% -0.02% -0.02%
Rsquared 0.40% 0.37% 0.34%
Sharpe 0.04% -0.02% 0.09%
Sortino 0.20% -0.11% -0.08%
Treynor 0.00% 0.00% 0.01%
Tax Efficiency 53.83% 17.09% 26.42%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.93% 8.92% 8.34% 8.16%
Beta 0.18% 0.92% 0.80% 0.73%
Alpha 0.03% -0.05% -0.02% -0.02%
Rsquared 0.07% 0.40% 0.37% 0.34%
Sharpe 0.51% 0.04% -0.02% 0.09%
Sortino 1.01% 0.20% -0.11% -0.08%
Treynor 0.11% 0.00% 0.00% 0.01%
Tax Efficiency 66.94% 53.83% 17.09% 26.42%

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) $3,761

Fund Codes

FundServ Code Load Code Sales Status
RBF579

Investment Objectives

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.

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.

Portfolio Management

Portfolio Manager

RBC Global Asset Management Inc.

  • Frank Gambino
  • David Nava
  • Dagmara Fijalkowski
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 1.73%
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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