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High Yield Fixed Income
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2017
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|
NAVPS (12-20-2024) |
$9.63 |
|---|---|
| Change |
$0.02
(0.16%)
|
As at November 30, 2024
As at October 31, 2024
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Inception Return (October 12, 2010): 4.05%
| 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 | 0.84% | 1.59% | 4.84% | 5.74% | 9.08% | 6.95% | 1.37% | 1.64% | 2.16% | 3.25% | 2.38% | 2.87% | 3.45% | 3.09% |
| Benchmark | 0.82% | 5.17% | 9.67% | 14.84% | 15.87% | 12.91% | 5.71% | 4.51% | 4.92% | 5.53% | 4.90% | 5.16% | 5.85% | 6.42% |
| Category Average | 1.12% | 2.01% | 5.52% | 7.49% | 10.61% | 7.81% | 1.98% | 2.44% | 2.94% | 3.57% | 2.87% | 3.33% | 3.63% | 3.03% |
| Category Rank | 257 / 304 | 247 / 304 | 245 / 302 | 275 / 302 | 266 / 302 | 255 / 296 | 242 / 287 | 233 / 278 | 223 / 272 | 196 / 260 | 190 / 237 | 175 / 225 | 157 / 199 | 127 / 183 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.15% | -0.41% | 0.10% | 0.81% | -0.68% | 1.05% | 0.80% | 1.45% | 0.91% | 1.12% | -0.37% | 0.84% |
| Benchmark | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% |
5.59% (July 2022)
-9.90% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.36% | -1.38% | 12.00% | 4.95% | -4.21% | 11.52% | 4.81% | 2.70% | -11.33% | 9.26% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 2 | 3 | 2 | 4 | 2 | 3 | 3 | 4 | 2 |
| Category Rank | 89/ 171 | 71/ 183 | 107/ 199 | 108/ 227 | 194/ 238 | 93/ 263 | 146/ 273 | 206/ 278 | 240/ 287 | 148/ 296 |
12.00% (2016)
-11.33% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 46.06 |
| Foreign Corporate Bonds | 44.30 |
| Cash and Equivalents | 8.93 |
| Foreign Government Bonds | 0.48 |
| Canadian Bonds - Other | 0.19 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| Fixed Income | 91.03 |
| Cash and Cash Equivalent | 8.93 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| North America | 99.96 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| Invesco Senior Loan ETF (BKLN) | 3.01 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 1.27 |
| Canada Government 12-Sep-2024 | 1.07 |
| Ford Credit Canada Co 6.78% 15-Sep-2025 | 0.86 |
| Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 | 0.86 |
| Bank of Montreal 4.54% 18-Nov-2028 | 0.85 |
| Secure Energy Services Inc 6.75% 22-Mar-2029 | 0.82 |
| Capital Power Corp 8.13% 05-Jun-2054 | 0.78 |
| Crescent Energy Finance LLC 9.25% 15-Feb-2028 | 0.77 |
| AerCap Holdings NV 5.88% 10-Oct-2079 | 0.77 |
RBC High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.89% | 8.36% | 6.56% |
|---|---|---|---|
| Beta | 0.86% | 0.89% | 0.52% |
| Alpha | -0.03% | -0.02% | 0.00% |
| Rsquared | 0.53% | 0.60% | 0.32% |
| Sharpe | -0.24% | 0.02% | 0.25% |
| Sortino | -0.22% | -0.08% | 0.05% |
| Treynor | -0.02% | 0.00% | 0.03% |
| Tax Efficiency | - | 26.19% | 49.50% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.56% | 7.89% | 8.36% | 6.56% |
| Beta | -0.07% | 0.86% | 0.89% | 0.52% |
| Alpha | 0.10% | -0.03% | -0.02% | 0.00% |
| Rsquared | 0.00% | 0.53% | 0.60% | 0.32% |
| Sharpe | 1.20% | -0.24% | 0.02% | 0.25% |
| Sortino | 4.42% | -0.22% | -0.08% | 0.05% |
| Treynor | -0.59% | -0.02% | 0.00% | 0.03% |
| Tax Efficiency | 82.43% | - | 26.19% | 49.50% |
| Start Date | October 12, 2010 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $2,525 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF496 |
The objective of the fund is to provide a high level of income with the potential for modest capital growth. The fund invests primarily in higher yielding corporate debt securities issued by Canadian and U.S. corporations.
To achieve the fund's objectives, the portfolio manager: invests primarily in higher yielding debt securities rated from BBB to B (by Standard & Poor's or its equivalent), issued by Canadian and U.S. corporations; employs a value-focused philosophy for corporate bonds, striving to invest in quality companies having stable to improving credit profiles which are considered to be undervalued.
| Name | Start Date |
|---|---|
| Frank Gambino | 10-12-2010 |
| Dagmara Fijalkowski | 02-22-2021 |
| Fund Manager | RBC Global Asset Management Inc. |
|---|---|
| Advisor | RBC Global Asset Management Inc. |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | RBC Global Asset Management Inc. |
| Distributor | Royal Mutual Funds Inc. |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.46% |
|---|---|
| Management Fee | 1.25% |
| 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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