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Alternative Credit Focus
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|
NAVPS (09-13-2024) |
$9.05 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at August 31, 2024
As at July 31, 2024
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Inception Return (October 28, 2020): 3.43%
| 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 | -0.15% | 0.21% | 1.77% | 3.16% | 4.79% | 4.56% | 3.28% | - | - | - | - | - | - | - |
| Benchmark | 0.52% | 5.73% | 4.16% | 2.34% | 7.86% | 4.00% | -1.22% | -1.35% | -0.01% | 1.56% | 1.54% | 1.13% | 1.64% | 1.98% |
| Category Average | 0.64% | 4.13% | 4.13% | 5.27% | 9.05% | 6.22% | 2.79% | 3.77% | 3.80% | - | - | - | - | - |
| Category Rank | 122 / 129 | 125 / 126 | 113 / 117 | 103 / 117 | 110 / 114 | 70 / 98 | 31 / 87 | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 3 | 2 | - | - | - | - | - | - | - |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.99% | 0.05% | 0.68% | -0.14% | 1.12% | 0.25% | 0.15% | 0.72% | 0.68% | -0.15% | 0.51% | -0.15% |
| Benchmark | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% |
2.58% (November 2020)
-1.76% (June 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | -0.44% | 3.36% | 3.52% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 1 | 4 |
| Category Rank | - | - | - | - | - | - | - | 64/ 71 | 9/ 94 | 109/ 112 |
3.52% (2023)
-0.44% (2021)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 52.71 |
| Foreign Government Bonds | 24.24 |
| Cash and Equivalents | 15.67 |
| Canadian Corporate Bonds | 10.40 |
| Derivatives | -3.02 |
| Name | Percent |
|---|---|
| Fixed Income | 87.35 |
| Cash and Cash Equivalent | 15.67 |
| Other | -3.02 |
| Name | Percent |
|---|---|
| Europe | 52.24 |
| North America | 23.45 |
| Latin America | 9.91 |
| Africa and Middle East | 2.20 |
| Multi-National | 1.68 |
| Other | 10.52 |
| Name | Percent |
|---|---|
| MARGIN CASH - CAD - MS OTC CLEARED | 5.08 |
| Mexico Government 5.50% 04-Mar-2027 | 4.87 |
| Canadian Dollar | 3.32 |
| MARGIN CASH - EUR - MS OTC CLEARED | 2.98 |
| South Africa Government 8.75% 31-Jan-2044 | 1.95 |
| Mexico Government 4.00% 15-Mar-2115 | 1.75 |
| Mexico Government 8.50% 31-May-2029 | 1.24 |
| Credit Suisse Group AG 2.88% 02-Apr-2032 | 1.10 |
| BPCE SA 4.50% 13-Jan-2033 | 1.06 |
| Autostrade per l'Italia SpA 2.00% 15-Oct-2029 | 1.00 |
BlueBay Global Alternative Bond Fund (Canada) Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.82% | - | - |
|---|---|---|---|
| Beta | -0.04% | - | - |
| Alpha | 0.03% | - | - |
| Rsquared | 0.01% | - | - |
| Sharpe | 0.01% | - | - |
| Sortino | 0.13% | - | - |
| Treynor | -0.01% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.56% | 2.82% | - | - |
| Beta | -0.11% | -0.04% | - | - |
| Alpha | 0.06% | 0.03% | - | - |
| Rsquared | 0.28% | 0.01% | - | - |
| Sharpe | -0.06% | 0.01% | - | - |
| Sortino | 2.35% | 0.13% | - | - |
| Treynor | 0.01% | -0.01% | - | - |
| Tax Efficiency | 76.82% | - | - | - |
| Start Date | October 28, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $1,634 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF9908 |
> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in long and short positions of investment grade fixed-income securities issued by sovereign governments and entities, and corporations from anywhere around the world. It may also invest in high-yield debt securities and emerging-market sovereign and corporate bonds globally. The fund may engage in short sales, borrowing and/or derivatives for investment purposes. We will not change
To achieve the fund’s objectives, the portfolio manager: invests primarily in investment grade fixed-income securities rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency) and across global interest rates, sovereign and non-sovereign credit, currencies, cash and derivatives; may seek to generate performance in all environments by investing in long and short positions.
| Name | Start Date |
|---|---|
| Vinit Patel | 10-22-2020 |
| Mark Dowding | 10-22-2020 |
| Andrzej Skiba | 10-22-2020 |
| RBC Global Asset Management (U.S.) Inc. | 06-29-2022 |
| RBC Global Asset Management (UK) Limited | 06-27-2023 |
| 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 | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.70% |
|---|---|
| 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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