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RBC $U.S. Investment Grade Corporate Bond Fund Series A

Global Corp Fixed Income

NAVPS
(04-18-2024)
$8.19
Change
-$0.02 (-0.27%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC $U.S. Investment Grade Corporate Bond Fund Series A

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Fund Returns

Inception Return (August 12, 2013): 1.80%

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 1.15% -0.20% 8.00% -0.20% 3.82% -1.59% -2.93% -0.69% 0.31% 0.91% 0.98% 1.08% 1.04% 1.52%
Benchmark 1.10% -0.72% 7.87% -0.72% 5.14% -1.05% -2.79% 0.66% 0.74% 0.84% 1.64% 1.59% 1.65% 1.40%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.66% -1.53% 0.46% 0.44% -1.05% -2.86% -2.16% 6.15% 4.20% 0.04% -1.38% 1.15%
Benchmark 1.24% -1.89% 0.77% 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10%

Best Monthly Return Since Inception

6.15% (November 2023)

Worst Monthly Return Since Inception

-6.73% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.31% -1.08% 4.73% 5.43% -3.77% 13.39% 8.62% -2.74% -17.14% 7.71%
Benchmark 3.15% -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

13.39% (2019)

Worst Calendar Return (Last 10 years)

-17.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 80.57
Cash and Equivalents 8.80
Foreign Government Bonds 6.15
US Equity 3.03
Canadian Corporate Bonds 1.45

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.17
Cash and Cash Equivalent 8.80
Financial Services 3.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.04
Multi-National 1.34
Latin America 0.63
Other -0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.00% 15-Nov-2052 2.75
United States Treasury 4.75% 15-Nov-2053 2.06
Microchip Technology Inc 0.97% 15-Feb-2024 1.40
Athene Global Funding 6.02% 24-May-2024 1.34
Bank of America Corp 4.57% 27-Apr-2032 1.31
AT&T Inc 4.50% 15-May-2035 1.20
GLP Capital LP 5.25% 03-Mar-2025 1.19
Morgan Stanley 3.62% 17-Apr-2024 1.16
Truist Financial Corp 5.87% 08-Jun-2033 1.10
Goldman Sachs Group Inc 3.69% 05-Jun-2027 1.04

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC $U.S. Investment Grade Corporate Bond Fund Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 9.57% 9.03% 6.97%
Beta 1.00% 0.99% 0.51%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.55% 0.54% 0.28%
Sharpe -0.54% -0.14% 0.05%
Sortino -0.76% -0.34% -0.24%
Treynor -0.05% -0.01% 0.01%
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 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 9.01% 9.57% 9.03% 6.97%
Beta 0.92% 1.00% 0.99% 0.51%
Alpha -0.01% -0.02% 0.00% 0.00%
Rsquared 0.37% 0.55% 0.54% 0.28%
Sharpe -0.07% -0.54% -0.14% 0.05%
Sortino 0.23% -0.76% -0.34% -0.24%
Treynor -0.01% -0.05% -0.01% 0.01%
Tax Efficiency 65.27% - - -

Fund Details

Start Date August 12, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $164

Fund Codes

FundServ Code Load Code Sales Status
RBF484

Investment Objectives

> To provide interest income with the potential for modest capital growth by investing primarily in U.S. corporate bonds. The fund invests primarily in a portfolio of diversified investment grade fixed-income securities issued by U.S. corporations. 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 investment grade fixed-income securities issued by U.S. corporations rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency); maintains a minimum portfolio average credit quality rating of BBB(-) by Standard & Poor’s (or equivalent rating agency) over time.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 08-03-2021
Andrzej Skiba 02-28-2024
Neil Sun 02-28-2024

Management and Organization

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

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 1.25%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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