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RBC $U.S. High Yield Bond Fund Series A
High Yield Fixed Income
|
NAVPS (07-02-2026) |
$8.86 |
|---|---|
| Change |
$0.01
(0.06%)
|
As at May 31, 2026
As at January 31, 2026
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Fund Returns
Inception Return (October 21, 2013): 3.92%
| 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 | 0.52% | 0.72% | 2.29% | 1.63% | 7.67% | 7.27% | 7.82% | 5.28% | 3.07% | 4.56% | 3.92% | 4.09% | 3.63% | 4.29% |
| Benchmark | 0.52% | 0.66% | 2.66% | 1.75% | 7.86% | 9.80% | 10.00% | 7.34% | 3.40% | 5.63% | 4.85% | 4.80% | 4.55% | 5.36% |
| Category Average | 0.59% | 0.76% | 1.82% | 1.55% | 5.97% | 6.38% | 6.97% | 5.03% | 2.71% | 4.22% | 3.51% | 3.44% | 3.18% | 3.77% |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.03% | 0.41% | 1.15% | 0.81% | 0.17% | 0.58% | 0.65% | 0.56% | 0.35% | -1.23% | 1.45% | 0.52% |
| Benchmark | 2.25% | 0.19% | 1.50% | 0.77% | -0.15% | 0.42% | 0.89% | 0.97% | 0.11% | -2.15% | 2.34% | 0.52% |
Best Monthly Return Since Inception
6.16% (July 2022)
Worst Monthly Return Since Inception
-10.94% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 14.20% | 5.08% | -4.09% | 14.23% | 5.34% | 3.37% | -11.74% | 10.67% | 5.94% | 8.12% |
| Benchmark | 14.77% | 10.20% | -3.35% | 13.73% | 8.03% | 1.37% | -13.23% | 13.41% | 7.48% | 10.79% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
14.23% (2019)
Worst Calendar Return (Last 10 years)
-11.74% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 54.38 |
| Canadian Corporate Bonds | 38.66 |
| Cash and Equivalents | 5.37 |
| Canadian Equity | 1.15 |
| Foreign Government Bonds | 0.42 |
| Other | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.46 |
| Cash and Cash Equivalent | 5.37 |
| Energy | 0.66 |
| Telecommunications | 0.27 |
| Utilities | 0.22 |
| Other | 0.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.72 |
| Europe | 1.12 |
| Other | 0.16 |
Top Holdings
| Name | Percent |
|---|---|
| National Bank of Canada UTD 3.580% Jan 02, 2026 | 3.07 |
| Rogers Communications Inc 5.63% 15-Apr-2055 | 1.43 |
| 1261229 BC Ltd 10.00% 15-Apr-2032 | 0.89 |
| Univision Communications Inc 8.00% 15-Aug-2028 | 0.85 |
| Staples Inc 10.75% 01-Sep-2029 | 0.83 |
| CCO Holdings LLC 4.50% 15-Aug-2030 | 0.81 |
| Brookfield Infra Finance ULC 6.75% 15-Dec-2029 | 0.80 |
| Ardonagh Group Finance Ltd 8.88% 15-Feb-2032 | 0.79 |
| ATS Corp 6.50% 21-Aug-2032 | 0.76 |
| Tenet Healthcare Corp 6.75% 15-May-2031 | 0.75 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC $U.S. High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 4.09% | 7.17% | 7.17% |
|---|---|---|---|
| Beta | 0.22 | 0.72 | 0.70 |
| Alpha | 0.05 | -0.01 | 0.00 |
| Rsquared | 0.05% | 0.38% | 0.37% |
| Sharpe | 0.99 | 0.05 | 0.36 |
| Sortino | 2.38 | 0.05 | 0.27 |
| Treynor | 0.18 | 0.01 | 0.04 |
| Tax Efficiency | 74.11% | 35.84% | 57.38% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.72% | 4.09% | 7.17% | 7.17% |
| Beta | 0.17 | 0.22 | 0.72 | 0.70 |
| Alpha | 0.06 | 0.05 | -0.01 | 0.00 |
| Rsquared | 0.04% | 0.05% | 0.38% | 0.37% |
| Sharpe | 1.87 | 0.99 | 0.05 | 0.36 |
| Sortino | 3.00 | 2.38 | 0.05 | 0.27 |
| Treynor | 0.30 | 0.18 | 0.01 | 0.04 |
| Tax Efficiency | 73.42% | 74.11% | 35.84% | 57.38% |
Fund Details
| Start Date | October 21, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $176 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF483 |
Investment Objectives
> 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.
Investment Strategy
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.
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Investor Services Trust (Canada) RBC Global Asset Management Inc. |
| 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 | 1.42% |
|---|---|
| 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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