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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

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(07-24-2025)
$9.62
Change
$0.01 (0.14%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$12,000$14,000$16,000$8,000$9,000$11,000$13,000Period

Legend

BlueBay European High Yield Bond Fund (Canada) Series A

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Fund Returns

Inception Return (October 03, 2016): 4.70%

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 0.29% 1.62% 1.54% 1.54% 7.03% 8.83% 8.81% 3.11% 4.84% 4.46% 4.72% 4.41% - -
Benchmark 1.47% -0.66% 1.39% 1.39% 11.51% 12.96% 12.81% 5.35% 5.30% 5.02% 5.27% 5.04% 5.83% 5.88%
Category Average 1.42% 2.40% 3.00% 3.00% 7.58% 7.77% 6.81% 2.02% 3.86% 3.08% 3.29% 3.05% 3.59% 3.21%
Category Rank 245 / 245 189 / 245 213 / 242 213 / 242 165 / 242 90 / 235 64 / 232 77 / 229 101 / 219 55 / 213 46 / 196 42 / 184 - -
Quartile Ranking 4 4 4 4 3 2 2 2 2 2 1 1 - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.36% 1.04% 0.88% 0.86% 0.38% 0.77% 0.48% 1.05% -1.59% 0.20% 1.11% 0.29%
Benchmark 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47%

Best Monthly Return Since Inception

5.61% (April 2020)

Worst Monthly Return Since Inception

-10.05% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - 6.87% -1.28% 11.87% 6.70% 3.41% -8.64% 11.95% 8.67%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking - - 1 2 2 1 3 1 1 2
Category Rank - - 25/ 175 53/ 186 75/ 211 53/ 218 151/ 222 51/ 229 36/ 235 86/ 241

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 77.66
Cash and Equivalents 15.18
Canadian Corporate Bonds 4.25
Foreign Government Bonds 3.22
International Equity 0.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.13
Cash and Cash Equivalent 15.19

Geographic Allocation

Geographic Allocation
Name Percent
Europe 78.71
North America 10.62
Multi-National 2.42
Latin America 0.94
Other 7.31

Top Holdings

Top Holdings
Name Percent
MARGIN CASH - CAD - CITI FX COLL 6.98
Canada Government 07-May-2025 4.22
Canadian Dollar 1.55
VMED O2 UK Financing I PLC 4.50% 15-Jul-2031 1.29
EUR Currency 1.28
ADLER Financing SARL 8.25% 31-Dec-2028 1.10
Public Power Corp SA 4.63% 31-Oct-2031 0.99
Pinnacle Bidco PLC 10.00% 11-Oct-2028 0.96
Bellis Acquisition Co PLC 8.13% 14-May-2030 0.95
Grifols Escrow Issuer SA 3.88% 15-Oct-2028 0.93

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567891011122%4%6%8%10%12%14%16%

BlueBay European High Yield Bond Fund (Canada) Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 4.99% 5.79% -
Beta 0.53% 0.57% -
Alpha 0.02% 0.02% -
Rsquared 0.27% 0.39% -
Sharpe 0.92% 0.41% -
Sortino 2.06% 0.47% -
Treynor 0.09% 0.04% -
Tax Efficiency 82.29% 60.31% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 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 2.67% 4.99% 5.79% -
Beta 0.18% 0.53% 0.57% -
Alpha 0.05% 0.02% 0.02% -
Rsquared 0.15% 0.27% 0.39% -
Sharpe 1.31% 0.92% 0.41% -
Sortino 2.09% 2.06% 0.47% -
Treynor 0.19% 0.09% 0.04% -
Tax Efficiency 77.51% 82.29% 60.31% -

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) $2,000

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 Management

Portfolio Manager

RBC Global Asset Management Inc.

Sub-Advisor

RBC Global Asset Management (UK) Limited

Management and Organization

Fund Manager

RBC Global Asset Management Inc.

Custodian

RBC Investor Services Trust

Registrar

RBC Investor Services Trust

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 1.79%
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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