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RBC Global Corporate Bond Fund Series A

Global Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013, 2012

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NAVPS
(07-19-2024)
$8.59
Change
-$0.02 (-0.22%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

RBC Global Corporate Bond Fund Series A

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Fund Returns

Inception Return (August 23, 2004): 2.89%

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 0.63% 0.12% 0.28% 0.28% 5.29% 3.51% -3.14% -1.73% -0.69% 0.54% 0.28% 0.48% 0.99% 1.03%
Benchmark 0.71% 1.05% 2.95% 2.95% 8.54% 6.52% -0.42% -1.32% 0.89% 1.89% 1.88% 1.97% 2.85% 3.67%
Category Average 0.73% 1.54% 1.54% 1.54% 6.44% 4.52% -0.65% 0.79% 1.47% 2.19% - - - -
Category Rank 85 / 122 96 / 116 97 / 114 97 / 114 86 / 113 76 / 109 86 / 98 78 / 92 84 / 90 78 / 83 73 / 79 63 / 68 50 / 52 38 / 40
Quartile Ranking 3 4 4 4 4 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.69% -0.63% -2.04% -1.08% 4.51% 3.63% -0.30% -0.63% 1.10% -1.83% 1.35% 0.63%
Benchmark 0.45% 1.77% -2.69% 1.41% 3.17% 1.28% 0.85% 0.16% 0.87% -0.72% 1.05% 0.71%

Best Monthly Return Since Inception

4.67% (April 2020)

Worst Monthly Return Since Inception

-8.08% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.66% -0.66% 5.05% 3.62% -2.63% 9.23% 6.13% -2.38% -15.19% 7.61%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking 2 4 4 3 4 3 3 4 4 3
Category Rank 18/ 39 47/ 51 51/ 65 54/ 74 67/ 81 48/ 87 57/ 91 90/ 95 85/ 102 67/ 112

Best Calendar Return (Last 10 years)

9.23% (2019)

Worst Calendar Return (Last 10 years)

-15.19% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 55.38
Canadian Corporate Bonds 16.55
Foreign Government Bonds 14.14
Cash and Equivalents 9.79
US Equity 1.04
Other 3.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.61
Cash and Cash Equivalent 9.79
Exchange Traded Fund 2.52
Financial Services 1.18
Utilities 0.01
Other -0.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 67.43
Europe 23.09
Latin America 3.63
Africa and Middle East 3.07
Asia 1.70
Other 1.08

Top Holdings

Top Holdings
Name Percent
RBC Emerging Markets Bond Fund Series O 2.69
iShares ? Corp Bond 1-5 yr UCITS ETF EUR Dist 2.52
BlueBay Emerging Markets Corporate Bond Fd O 2.02
Vanguard Short-Term Corp Bond Idx FdETF (VCSH) 1.97
United States Treasury 4.75% 15-Nov-2053 1.08
Vanguard Intermediate-Term Corp Bnd Idx ETF (VCIT) 0.86
United States Treasury 4.00% 15-Nov-2052 0.78
iShares Core Canadian Short Term Corp Bnd Inx(XSH) 0.73
JPMorgan Chase & Co 1.56% 10-Dec-2024 0.55
Bank of Montreal Apr 19, 2024 0.43

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC Global Corporate Bond Fund Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 7.97% 7.92% 6.04%
Beta 0.86% 0.81% 0.44%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.57% 0.48% 0.28%
Sharpe -0.74% -0.31% -0.04%
Sortino -0.93% -0.53% -0.38%
Treynor -0.07% -0.03% -0.01%
Tax Efficiency - - 18.10%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.97% 7.97% 7.92% 6.04%
Beta 1.00% 0.86% 0.81% 0.44%
Alpha -0.03% -0.03% -0.01% -0.01%
Rsquared 0.50% 0.57% 0.48% 0.28%
Sharpe 0.08% -0.74% -0.31% -0.04%
Sortino 0.65% -0.93% -0.53% -0.38%
Treynor 0.01% -0.07% -0.03% -0.01%
Tax Efficiency 79.88% - - 18.10%

Fund Details

Start Date August 23, 2004
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $13,328

Fund Codes

FundServ Code Load Code Sales Status
RBF580

Investment Objectives

The objective of the fund is to provide a high level of interest income with the potential for modest capital growth by investing primarily in global corporate bonds. The fund invests primarily in investment grade corporate debt securities from anywhere around the world. It may also invest in high yield debt securities and emerging market sovereign and corporate bonds.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: invests primarily in investment grade debt securities rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency) from anywhere around the world; maintains a minimum portfolio average credit quality rating of BBB(-) by Standard & Poor’s (or equivalent rating agency).

Portfolio Manager(s)

Name Start Date
Frank Gambino 07-13-2004
Soo Boo Cheah 07-13-2004
Marty Balch 07-13-2004
RBC Global Asset Management (U.S.) Inc. 12-14-2020

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 1.73%
Management Fee 1.35%
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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