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BlueBay $U.S. Global High Yield Bond Fund (Canada) Series A

High Yield Fixed Income

NAVPS
(04-04-2025)
$7.57
Change
-$0.10 (-1.28%)

As at February 28, 2025

As at January 31, 2025

Period
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Legend

BlueBay $U.S. Global High Yield Bond Fund (Canada) Series A

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Fund Returns

Inception Return (January 22, 2021): 2.12%

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 0.85% 1.80% 4.30% 1.77% 9.47% 9.75% 4.42% 2.09% - - - - - -
Benchmark 0.90% 1.51% 2.76% 2.14% 9.34% 10.24% 4.28% 2.16% 3.73% 4.10% 3.82% 4.21% 5.84% 4.51%
Category Average 0.56% 1.22% 3.26% 1.57% 8.24% 7.59% 3.19% 2.16% 3.00% 3.30% 3.05% 3.04% 4.20% 3.07%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 1.13% -0.92% 1.12% 0.25% 1.83% 1.45% 1.58% -0.01% 0.88% 0.03% 0.91% 0.85%
Benchmark 1.06% -0.96% 0.00% 2.20% 1.97% 2.01% 1.76% -0.89% 0.38% -0.62% 1.24% 0.90%

Best Monthly Return Since Inception

4.52% (July 2022)

Worst Monthly Return Since Inception

-6.59% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - -11.19% 11.76% 8.40%
Benchmark -4.17% 14.77% 10.20% -3.35% 13.73% 8.03% 1.37% -13.23% 13.41% 7.48%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

11.76% (2023)

Worst Calendar Return (Last 10 years)

-11.19% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 83.05
Foreign Government Bonds 11.62
Canadian Corporate Bonds 3.37
Cash and Equivalents 1.92
US Equity 0.05
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 98.03
Cash and Cash Equivalent 1.92
Telecommunications 0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 74.44
Europe 21.38
Latin America 4.06
Multi-National 0.94
Other -0.82

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Jun-2026 5.18
US Dollar 1.58
CCO Holdings LLC 6.38% 01-Sep-2029 1.30
Nationstar Mortgage Holdgs Inc 5.00% 01-Feb-2026 1.06
Viking Cruises Ltd 5.88% 15-Sep-2027 1.02
Edison International 5.000% PERPETUAL 1.01
YPF SA 9.50% 17-Jan-2031 1.00
CI Financial Corp 7.50% 30-Apr-2029 0.99
Rocket Software Inc 9.00% 28-Nov-2028 0.98
CA Magnum Holdings 5.38% 31-Oct-2026 0.98

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

BlueBay $U.S. Global High Yield Bond Fund (Canada) Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.79% - -
Beta 0.85% - -
Alpha -0.03% - -
Rsquared 0.49% - -
Sharpe 0.11% - -
Sortino 0.29% - -
Treynor 0.01% - -
Tax Efficiency 49.69% - -
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 2.73% 7.79% - -
Beta 0.01% 0.85% - -
Alpha 0.09% -0.03% - -
Rsquared 0.00% 0.49% - -
Sharpe 1.85% 0.11% - -
Sortino 5.02% 0.29% - -
Treynor 4.89% 0.01% - -
Tax Efficiency 71.25% 49.69% - -

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) $347

Fund Codes

FundServ Code Load Code Sales Status
RBF344

Investment Objectives

> To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in high yield debt securities issued by entities domiciled in or carrying out the majority of their business activities anywhere around the world. 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 the fund’s assets primarily in high yield debt securities, such as corporate bonds and loans, rated below investment grade (BB+ or below by Standard & Poor’s or an equivalent rating agency) of companies domiciled or carrying out the majority of their business activities anywhere around the world.

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 Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.68%
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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