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High Yield Fixed Income
|
NAVPS (11-19-2024) |
$8.77 |
|---|---|
| Change |
$0.01
(0.14%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (October 21, 2013): 3.55%
| 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 | -0.72% | 1.72% | 5.55% | 5.36% | 13.48% | 8.94% | 1.16% | 3.00% | 2.59% | 3.74% | 2.96% | 3.37% | 3.85% | 3.37% |
| Benchmark | -0.89% | 2.87% | 7.21% | 7.75% | 17.22% | 13.17% | 1.96% | 3.61% | 3.53% | 4.37% | 3.61% | 4.44% | 4.97% | 4.15% |
| 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.24% | 3.32% | -0.43% | 0.01% | 1.03% | -0.78% | 1.35% | 0.80% | 1.56% | 1.34% | 1.10% | -0.72% |
| Benchmark | 4.87% | 3.74% | 0.06% | 0.35% | 1.06% | -0.96% | 0.00% | 2.20% | 1.97% | 2.01% | 1.76% | -0.89% |
6.16% (July 2022)
-10.94% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.82% | -3.52% | 14.20% | 5.08% | -4.09% | 14.23% | 5.34% | 3.37% | -11.74% | 10.67% |
| Benchmark | -0.09% | -4.17% | 14.77% | 10.20% | -3.35% | 13.73% | 8.03% | 1.37% | -13.23% | 13.41% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
14.23% (2019)
-11.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 77.35 |
| Canadian Corporate Bonds | 15.19 |
| Cash and Equivalents | 6.27 |
| Foreign Government Bonds | 0.68 |
| Canadian Government Bonds | 0.45 |
| Other | 0.06 |
| Name | Percent |
|---|---|
| Fixed Income | 93.68 |
| Cash and Cash Equivalent | 6.27 |
| Energy | 0.01 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| North America | 99.43 |
| Europe | 0.40 |
| Other | 0.17 |
| Name | Percent |
|---|---|
| Invesco Senior Loan ETF (BKLN) | 3.01 |
| Bank of Nova Scotia UTD 5.400% Jul 02, 2024 | 2.41 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 1.36 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 1.34 |
| SPDR Bloomberg High Yield Bond ETF (JNK) | 1.33 |
| Civitas Resources Inc 8.63% 01-Nov-2030 | 1.05 |
| Tenet Healthcare Corp 6.75% 15-May-2031 | 1.04 |
| Calpine Corp 5.00% 01-Feb-2031 | 1.02 |
| CHS/Community Health Systm Inc 6.00% 15-Jan-2029 | 0.92 |
| Baytex Energy Corp 7.38% 15-Mar-2032 | 0.86 |
RBC $U.S. High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 9.01% | 9.44% | 7.55% |
|---|---|---|---|
| Beta | 0.91% | 0.97% | 0.55% |
| Alpha | -0.04% | -0.02% | 0.00% |
| Rsquared | 0.47% | 0.56% | 0.26% |
| Sharpe | -0.21% | 0.08% | 0.27% |
| Sortino | -0.21% | 0.00% | 0.11% |
| Treynor | -0.02% | 0.01% | 0.04% |
| Tax Efficiency | - | 29.60% | 44.37% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.28% | 9.01% | 9.44% | 7.55% |
| Beta | 0.12% | 0.91% | 0.97% | 0.55% |
| Alpha | 0.11% | -0.04% | -0.02% | 0.00% |
| Rsquared | 0.01% | 0.47% | 0.56% | 0.26% |
| Sharpe | 1.55% | -0.21% | 0.08% | 0.27% |
| Sortino | 6.21% | -0.21% | 0.00% | 0.11% |
| Treynor | 0.67% | -0.02% | 0.01% | 0.04% |
| Tax Efficiency | 84.88% | - | 29.60% | 44.37% |
| Start Date | October 21, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $130 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF483 |
> To provide total returns comprised of interest income and modest capital growth. The fund invests primarily in higher yielding corporate debt 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.
To achieve the fund’s objectives, the portfolio manager: invests primarily in higher yielding debt securities rated below BBB- by Standard & Poor’s or its equivalent, issued by U.S. corporations; employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are considered to be undervalued given the current market sentiment.
| Name | Start Date |
|---|---|
| Stephen Efstathios Notidis | 08-03-2021 |
| Frank Gambino | 08-03-2021 |
| Dagmara Fijalkowski | 08-03-2021 |
| Fund Manager | RBC Global Asset Management Inc. |
|---|---|
| Advisor | RBC Global Asset Management Inc. |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | Royal Bank of Canada |
| 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 | 1.43% |
|---|---|
| Management Fee | 1.25% |
| 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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