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BlueBay European High Yield Bond Fund (Canada) Series A

High Yield Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020, 2019

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NAVPS
(07-19-2024)
$9.34
Change
$0.00 (0.01%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

BlueBay European High Yield Bond Fund (Canada) Series A

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Fund Returns

Inception Return (October 03, 2016): 4.40%

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 0.35% 1.31% 3.10% 3.10% 10.65% 9.71% 1.84% 4.30% 3.96% 4.34% 4.04% - - -
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.68% 2.56% 2.56% 2.56% 7.97% 6.42% 0.23% 2.95% 2.20% 2.59% 2.42% 3.11% 2.73% 2.49%
Category Rank 273 / 301 118 / 301 130 / 301 130 / 301 72 / 295 51 / 292 76 / 286 106 / 276 56 / 270 45 / 250 47 / 238 - - -
Quartile Ranking 4 2 2 2 1 1 2 2 1 1 1 - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.36% 0.21% 0.35% -0.36% 2.61% 2.99% 0.89% 0.43% 0.43% -0.22% 1.18% 0.35%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

Best Monthly Return Since Inception

5.61% (April 2020)

Worst Monthly Return Since Inception

-10.05% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 6.87% -1.28% 11.87% 6.70% 3.41% -8.64% 11.95%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking - - - 1 2 2 1 3 2 1
Category Rank - - - 32/ 229 74/ 240 76/ 265 64/ 275 164/ 277 83/ 286 38/ 295

Best Calendar Return (Last 10 years)

11.95% (2023)

Worst Calendar Return (Last 10 years)

-8.64% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 78.76
Cash and Equivalents 9.26
Canadian Corporate Bonds 8.76
Foreign Government Bonds 3.06
International Equity 0.15
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.58
Cash and Cash Equivalent 9.26
Other 0.16

Geographic Allocation

Geographic Allocation
Name Percent
Europe 77.30
North America 14.06
Multi-National 3.89
Latin America 0.93
Other 3.82

Top Holdings

Top Holdings
Name Percent
MARGIN CASH - CAD - CITI FX COLL 3.66
Canadian Dollar 3.35
VMED O2 UK Financing I PLC 4.50% 15-Jul-2031 1.33
Telecom Italia SpA 7.88% 30-Apr-2028 1.21
Jerrold Finco PLC 4.88% 15-Jan-2026 1.13
Abertis Infraestructrs Fnce BV 2.63% PERP 0.98
Pinnacle Bidco PLC 10.00% 11-Oct-2028 0.97
Pinewood Finco PLC 3.25% 30-Sep-2025 0.92
Commerzbank AG 6.13% PERP 0.91
Bellis Acquisition Co PLC 3.25% 16-Feb-2026 0.90

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

BlueBay European High Yield Bond Fund (Canada) Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.72% 7.89% -
Beta 0.72% 0.84% -
Alpha -0.01% 0.01% -
Rsquared 0.53% 0.57% -
Sharpe -0.14% 0.27% -
Sortino -0.19% 0.20% -
Treynor -0.01% 0.03% -
Tax Efficiency - 52.27% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.60% 6.72% 7.89% -
Beta 0.10% 0.72% 0.84% -
Alpha 0.09% -0.01% 0.01% -
Rsquared 0.01% 0.53% 0.57% -
Sharpe 1.49% -0.14% 0.27% -
Sortino 9.37% -0.19% 0.20% -
Treynor 0.54% -0.01% 0.03% -
Tax Efficiency 86.20% - 52.27% -

Fund Details

Start Date October 03, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,843

Fund Codes

FundServ Code Load Code Sales Status
RBF436

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in high yield debt securities issued by entities domiciled in or carrying out the majority of their business activities in Europe. 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 the fund’s assets primarily in high yield debt securities, such as corporate bonds and loans, rated below investment grade (BB+ or below by Standard & Poor’s or an equivalent rating agency) of companies domiciled or carrying out the majority of their business activities in Europe.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 08-09-2021
RBC Global Asset Management (UK) Limited 06-27-2023

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
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 1.76%
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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