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RBC Canadian Corporate Bond Fund Series A

Cdn Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$10.74
Change
$0.05 (0.48%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

RBC Canadian Corporate Bond Fund Series A

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Fund Returns

Inception Return (July 18, 2022): 5.45%

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 -0.54% 1.67% 6.19% 4.98% 12.51% 7.19% - - - - - - - -
Benchmark -0.41% 2.08% 6.64% 5.45% 12.99% 7.77% 1.49% 0.88% 1.92% 3.14% 2.68% 2.56% 2.96% 2.96%
Category Average -0.56% 1.79% 6.37% 5.24% 12.76% 7.49% 0.99% 0.59% 1.45% 2.51% - - - -
Category Rank 60 / 106 92 / 106 80 / 102 76 / 95 65 / 95 70 / 90 - - - - - - - -
Quartile Ranking 3 4 4 4 3 4 - - - - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.78% 3.27% -0.67% 0.22% 0.56% -1.24% 1.32% 0.93% 2.13% 0.19% 2.03% -0.54%
Benchmark 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98% 1.96% 0.45% 2.04% -0.41%

Best Monthly Return Since Inception

3.78% (November 2023)

Worst Monthly Return Since Inception

-2.00% (August 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 7.53%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking - - - - - - - - - 3
Category Rank - - - - - - - - - 62/ 91

Best Calendar Return (Last 10 years)

7.53% (2023)

Worst Calendar Return (Last 10 years)

7.53% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 90.82
Cash and Equivalents 3.84
Canadian Government Bonds 3.21
Canadian Equity 1.17
Canadian Bonds - Other 0.40
Other 0.56

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.00
Cash and Cash Equivalent 3.84
Financial Services 0.89
Utilities 0.19
Energy 0.09
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Jun-2033 1.22
Toronto-Dominion Bank 1.89% 08-Mar-2028 1.04
Bank of Nova Scotia 2.95% 08-Mar-2027 0.80
Enbridge Inc 3.10% 21-Jun-2033 0.70
CU Inc 4.09% 02-Mar-2044 0.67
National Bank of Canada TD 4.200% Oct 01, 2024 0.67
Rogers Communications Inc 6.11% 25-Feb-2040 0.66
Hydro One Inc 6.03% 03-Mar-2039 0.63
Altalink LP 3.72% 03-Dec-2046 0.63
Bank of Montreal 4.31% 01-May-2027 0.62

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating  out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.43% - - -
Beta 1.02% - - -
Alpha -0.01% - - -
Rsquared 0.99% - - -
Sharpe 1.35% - - -
Sortino 4.67% - - -
Treynor 0.07% - - -
Tax Efficiency 89.49% - - -

Fund Details

Start Date July 18, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
RBF320

Investment Objectives

The objective of the fund is to provide long-term returns consisting primarily of interest income and moderate capital growth. The fund invests primarily in investment grade fixed-income securities issued by Canadian corporations. It may also hold similar securities of U.S. corporations. We will not change the fundamental investment objectives of the fund unless we have the consent of a majority of the unitholders of the fund to do so.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: uses a disciplined approach to assess opportunities within five risk categories: – overall direction of interest rates in Canada, the United States and other major economies, –expected changes in interest rate spreads between different segments of the bond market (for instance, between corporate bonds and government bonds or among different corporate bonds)

Portfolio Manager(s)

Name Start Date
Marty Balch 07-12-2022

Management and Organization

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

Investment Minimums

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

Fees

MER 1.07%
Management Fee 0.90%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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