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BlueBay Global Alternative Bond Fund (Canada) Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-25-2026) |
$9.07 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at July 31, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (October 28, 2020): 2.65%
| 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 | 0.19% | -0.65% | -1.81% | -1.60% | -0.06% | 0.98% | 2.24% | 3.15% | 2.43% | - | - | - | - | - |
| Benchmark | -1.61% | 0.21% | -0.05% | 0.58% | 2.41% | 2.62% | 4.09% | 2.55% | 0.18% | -0.35% | 0.95% | 1.88% | 1.88% | 1.39% |
| Category Average | -0.15% | 0.78% | 1.37% | 2.10% | 4.49% | 5.38% | 6.42% | 5.52% | 3.72% | 4.31% | 4.24% | - | - | - |
| Category Rank | 36 / 154 | 144 / 148 | 143 / 144 | 143 / 144 | 136 / 137 | 119 / 119 | 105 / 105 | 83 / 89 | 59 / 75 | - | - | - | - | - |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.00% | -0.03% | 0.18% | -0.14% | 0.55% | 0.21% | -0.27% | -1.20% | 0.30% | -0.39% | -0.44% | 0.19% |
| Benchmark | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% |
Best Monthly Return Since Inception
2.58% (November 2020)
Worst Monthly Return Since Inception
-1.76% (June 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | -0.44% | 3.36% | 3.52% | 4.80% | 2.17% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 4 | 1 | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | 64/ 64 | 7/ 85 | 100/ 103 | 94/ 108 | 125/ 131 |
Best Calendar Return (Last 10 years)
4.80% (2024)
Worst Calendar Return (Last 10 years)
-0.44% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 24.28 |
| Canadian Corporate Bonds | 23.66 |
| Canadian Government Bonds | 21.61 |
| Foreign Government Bonds | 21.52 |
| Cash and Equivalents | 9.34 |
| Other | -0.41 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 91.07 |
| Cash and Cash Equivalent | 9.34 |
| Other | -0.41 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 50.48 |
| Europe | 27.52 |
| Asia | 5.90 |
| Latin America | 4.25 |
| Multi-National | 0.39 |
| Other | 11.46 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 1.00% 01-Sep-2026 | 21.61 |
| MARGIN CASH - CAD - MS OTC CLEARED | 6.15 |
| Colombian TES 12.500% Feb 27, 2030 | 3.05 |
| MARGIN CASH - CAD - HSBC NON CLEARED COLL | 2.71 |
| Japan Government 2.20% 20-Jun-2054 | 1.92 |
| EUR Currency | 1.90 |
| Mexico Government International Bond 4.875% May 16, 2036 | 1.80 |
| Mexico Government 4.00% 15-Mar-2115 | 1.66 |
| Colombia Government 13.25% 09-Feb-2033 | 1.48 |
| Hazine Mustesarligi Varlik Kiralama AS 6.700% Jul 02, 2032 | 1.47 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BlueBay Global Alternative Bond Fund (Canada) Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 1.76% | 2.46% | - |
|---|---|---|---|
| Beta | -0.03 | -0.03 | - |
| Alpha | 0.02 | 0.02 | - |
| Rsquared | 0.01% | 0.00% | - |
| Sharpe | -0.69 | -0.22 | - |
| Sortino | -0.54 | -0.30 | - |
| Treynor | 0.37 | 0.20 | - |
| Tax Efficiency | 71.58% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.92% | 1.76% | 2.46% | - |
| Beta | 0.04 | -0.03 | -0.03 | - |
| Alpha | 0.00 | 0.02 | 0.02 | - |
| Rsquared | 0.01% | 0.01% | 0.00% | - |
| Sharpe | -1.22 | -0.69 | -0.22 | - |
| Sortino | -1.63 | -0.54 | -0.30 | - |
| Treynor | -0.56 | 0.37 | 0.20 | - |
| Tax Efficiency | - | 71.58% | - | - |
Fund Details
| 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) | $1,751 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF9908 |
Investment Objectives
• 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
Investment Strategy
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; • conducts detailed sovereign, company and industry analysis to identify investment opportunities offeri
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
RBC Global Asset Management (U.S.) Inc. RBC Global Asset Management (UK) Limited |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| 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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