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Alternative Credit Focus
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|
NAVPS (05-02-2024) |
$9.07 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at March 31, 2024
As at December 31, 2023
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Inception Return (October 28, 2020): 3.37%
| 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% | 1.53% | 2.12% | 1.53% | 5.01% | 4.03% | 2.15% | - | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.82% | 6.16% | 6.16% | 1.92% | 6.88% | 3.42% | 2.11% | 5.50% | - | - | - | - | - | - |
| Category Rank | 107 / 120 | 79 / 120 | 112 / 119 | 79 / 120 | 79 / 116 | 39 / 102 | 34 / 75 | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 3 | 4 | 3 | 3 | 2 | 2 | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.24% | -0.02% | -0.40% | 2.16% | -0.15% | 0.99% | 0.05% | 0.68% | -0.14% | 1.12% | 0.25% | 0.15% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
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 | - | - | - | - | - | - | - | 68/ 75 | 9/ 98 | 113/ 116 |
3.52% (2023)
-0.44% (2021)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 45.23 |
| Foreign Government Bonds | 26.73 |
| Cash and Equivalents | 26.46 |
| Canadian Corporate Bonds | 6.93 |
| Canadian Government Bonds | -0.01 |
| Other | -5.34 |
| Name | Percent |
|---|---|
| Fixed Income | 78.88 |
| Cash and Cash Equivalent | 26.47 |
| Other | -5.35 |
| Name | Percent |
|---|---|
| Europe | 45.59 |
| North America | 24.12 |
| Latin America | 11.72 |
| Multi-National | 3.36 |
| Africa and Middle East | 2.56 |
| Other | 12.65 |
| Name | Percent |
|---|---|
| MARGIN CASH - CAD - MS OTC CLEARED | 6.50 |
| Mexico Government 5.50% 04-Mar-2027 | 5.34 |
| Canada Government 1.50% 01-May-2024 | 3.63 |
| MARGIN CASH - CAD - HSBC NON CLEARED COLL | 2.27 |
| MARGIN CASH - EUR - MS OTC CLEARED | 2.07 |
| Mexico Government 4.00% 15-Mar-2115 | 1.92 |
| Canadian Dollar | 1.91 |
| Greece Government 4.38% 18-Jul-2038 | 1.75 |
| South Africa Government 8.88% 28-Feb-2035 | 1.52 |
| Mexico Government 8.50% 31-May-2029 | 1.41 |
BlueBay Global Alternative Bond Fund (Canada) Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.92% | - | - |
|---|---|---|---|
| Beta | -0.05% | - | - |
| Alpha | 0.02% | - | - |
| Rsquared | 0.01% | - | - |
| Sharpe | -0.15% | - | - |
| Sortino | -0.37% | - | - |
| Treynor | 0.09% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.49% | 2.92% | - | - |
| Beta | -0.11% | -0.05% | - | - |
| Alpha | 0.05% | 0.02% | - | - |
| Rsquared | 0.09% | 0.01% | - | - |
| Sharpe | 0.07% | -0.15% | - | - |
| Sortino | 2.08% | -0.37% | - | - |
| Treynor | -0.02% | 0.09% | - | - |
| Tax Efficiency | 76.90% | - | - | - |
| 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) | $1,603 |
| 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 | 1.71% |
|---|---|
| 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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