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BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

Global Corp Fixed Income

NAVPS
(06-12-2025)
$8.82
Change
$0.03 (0.29%)

As at May 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jul 2021Apr 2022Jan 2023Oct 2023Jul 2024Apr 2025Apr 2…$8,000$8,500$9,000$9,500$10,000$10,500$11,000$11,500Period

Legend

BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

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Fund Returns

Inception Return (January 22, 2021): -0.70%

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 0.25% -0.42% 0.35% 1.60% 5.44% 6.05% 2.96% -0.42% - - - - - -
Benchmark 0.17% 2.74% 3.01% 5.09% 7.58% 6.50% 3.48% -1.02% 0.66% 1.58% 1.99% 1.92% 2.12% 2.22%
Category Average 0.45% -0.16% 1.18% 1.62% 6.48% 6.24% 4.04% 1.15% 2.10% 2.40% 2.66% - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-3%-2%-1%0%1%2%3%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.41% 2.11% 1.14% 1.35% -1.23% 1.22% -1.23% 0.42% 1.60% -0.60% -0.07% 0.25%
Benchmark 0.33% 2.44% 1.94% 1.83% -2.66% 0.56% -1.98% 0.65% 1.63% 0.60% 1.95% 0.17%

Best Monthly Return Since Inception

4.99% (November 2023)

Worst Monthly Return Since Inception

-4.53% (September 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - -15.38% 8.85% 4.10%
Benchmark -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48% 1.23%
Category Average - - - - 9.03% 6.89% 0.56% -10.54% 7.62% 5.63%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

8.85% (2023)

Worst Calendar Return (Last 10 years)

-15.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 65.24
Cash and Equivalents 14.96
Foreign Government Bonds 13.82
Canadian Corporate Bonds 5.78
Canadian Government Bonds 0.48
Other -0.28

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.33
Cash and Cash Equivalent 14.97
Other -0.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 77.17
Europe 18.43
Latin America 1.25
Multi-National 0.65
Other 2.50

Top Holdings

Top Holdings
Name Percent
US Dollar 4.89
United States Treasury 4.25% 15-Feb-2054 2.35
United States Treasury 4.25% 15-Nov-2034 2.11
United States Treasury 4.75% 15-Nov-2053 1.95
MARGIN CASH - USD - CITI NON CLEARED COLL 1.92
Goldman Sachs Group Inc 1.43% 09-Mar-2026 1.92
CI Financial Corp 4.75% 03-Apr-2028 1.79
Hyundai Capital America 5.50% 30-Mar-2026 1.71
NVIDIA Corp 3.50% 01-Oct-2049 1.38
Toyota Motor Credit Corp 3.65% 08-Jan-2029 1.37

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return2345678910110%2%4%6%8%10%

BlueBay $U.S. Global Investment Grade Corporate Bond Fund (Canada) A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 7.34% - -
Beta 0.92% - -
Alpha -0.03% - -
Rsquared 0.52% - -
Sharpe -0.11% - -
Sortino 0.04% - -
Treynor -0.01% - -
Tax Efficiency 59.81% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.77% 7.34% - -
Beta 0.38% 0.92% - -
Alpha 0.02% -0.03% - -
Rsquared 0.23% 0.52% - -
Sharpe 0.49% -0.11% - -
Sortino 1.04% 0.04% - -
Treynor 0.05% -0.01% - -
Tax Efficiency 74.41% 59.81% - -

Fund Details

Start Date January 22, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $107

Fund Codes

FundServ Code Load Code Sales Status
RBF324

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in investment grade corporate debt securities from anywhere around the world. It may also invest in high yield debt securities and emerging market sovereign and corporate bonds globally. 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 primarily in investment grade debt securities rated BBB(-) and above by Standard & Poor’s (or equivalent rating agency) of companies domiciled or carrying out their business activities anywhere in the world; conducts detailed company credit and industry analysis to identify investment opportunities offering higher probabilities of superior rates of return while simultaneously minimizing the prospect of default.

Portfolio Management

Portfolio Manager

RBC Global Asset Management Inc.

  • Andrzej Skiba
  • Vinit Patel
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 Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.47%
Management Fee 1.35%
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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