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Alternative Credit Focus
Click for more information on Fundata’s FundGrade.
NAVPS (07-25-2024) |
$9.09 |
---|---|
Change |
-$0.02
(-0.19%)
|
As at June 30, 2024
As at May 31, 2024
Inception Return (October 28, 2020): 3.49%
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% | 1.25% | 2.80% | 2.80% | 6.52% | 5.52% | 2.88% | - | - | - | - | - | - | - |
Benchmark | 2.98% | 0.97% | -0.32% | -0.32% | 3.73% | 3.25% | -1.77% | -1.98% | -0.10% | 1.11% | 1.07% | 0.93% | 1.40% | 1.89% |
Category Average | 0.65% | 3.28% | 3.28% | 3.28% | 7.68% | 6.09% | 1.96% | 3.95% | 3.59% | - | - | - | - | - |
Category Rank | 125 / 127 | 71 / 118 | 78 / 118 | 78 / 118 | 71 / 115 | 50 / 99 | 28 / 80 | - | - | - | - | - | - | - |
Quartile Ranking | 4 | 3 | 3 | 3 | 3 | 3 | 2 | - | - | - | - | - | - | - |
Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2.16% | -0.15% | 0.99% | 0.05% | 0.68% | -0.14% | 1.12% | 0.25% | 0.15% | 0.72% | 0.68% | -0.15% |
Benchmark | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% |
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 | - | - | - | - | - | - | - | 65/ 72 | 9/ 95 | 110/ 113 |
3.52% (2023)
-0.44% (2021)
Name | Percent |
---|---|
Foreign Corporate Bonds | 54.79 |
Foreign Government Bonds | 26.91 |
Cash and Equivalents | 18.60 |
Canadian Corporate Bonds | 4.06 |
Derivatives | -4.36 |
Name | Percent |
---|---|
Fixed Income | 85.76 |
Cash and Cash Equivalent | 18.60 |
Other | -4.36 |
Name | Percent |
---|---|
Europe | 54.54 |
North America | 18.05 |
Latin America | 11.67 |
Africa and Middle East | 3.03 |
Multi-National | 1.72 |
Other | 10.99 |
Name | Percent |
---|---|
MARGIN CASH - CAD - MS OTC CLEARED | 5.59 |
Mexico Government 5.50% 04-Mar-2027 | 5.45 |
MARGIN CASH - CAD - HSBC NON CLEARED COLL | 2.67 |
MARGIN CASH - EUR - MS OTC CLEARED | 2.01 |
Mexico Government 4.00% 15-Mar-2115 | 1.91 |
Canada Government 1.50% 01-Sep-2024 | 1.51 |
Mexico Government 8.50% 31-May-2029 | 1.42 |
Canadian Dollar | 1.31 |
Coloplast Finance BV 4.67% 19-May-2024 | 1.19 |
Credit Suisse Group AG 2.88% 02-Apr-2032 | 1.12 |
BlueBay Global Alternative Bond Fund (Canada) Series A
Median
Other - Alternative Credit Focus
Standard Deviation | 2.90% | - | - |
---|---|---|---|
Beta | -0.05% | - | - |
Alpha | 0.03% | - | - |
Rsquared | 0.02% | - | - |
Sharpe | -0.04% | - | - |
Sortino | -0.06% | - | - |
Treynor | 0.02% | - | - |
Tax Efficiency | - | - | - |
Volatility |
|
- | - |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 2.37% | 2.90% | - | - |
Beta | -0.16% | -0.05% | - | - |
Alpha | 0.07% | 0.03% | - | - |
Rsquared | 0.24% | 0.02% | - | - |
Sharpe | 0.63% | -0.04% | - | - |
Sortino | 4.64% | -0.06% | - | - |
Treynor | -0.10% | 0.02% | - | - |
Tax Efficiency | 82.71% | - | - | - |
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 | 1.71% |
---|---|
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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