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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 (05-13-2026) |
$9.13 |
|---|---|
| Change |
-$0.01
(-0.15%)
|
As at April 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (October 28, 2020): 2.89%
| 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 | 0.30% | -1.17% | -0.55% | -0.97% | 1.66% | 1.83% | 3.05% | 3.10% | 2.23% | - | - | - | - | - |
| Benchmark | 0.06% | -0.26% | -0.74% | 0.36% | 1.56% | 5.13% | 3.07% | 2.76% | 0.70% | 0.18% | 1.34% | 1.91% | 1.59% | 1.73% |
| Category Average | 0.80% | 0.58% | 1.70% | 1.30% | 6.26% | 6.47% | 6.27% | 5.32% | 3.62% | 5.20% | 4.26% | - | - | - |
| Category Rank | 125 / 149 | 135 / 145 | 134 / 145 | 139 / 145 | 129 / 133 | 110 / 110 | 103 / 106 | 86 / 91 | 58 / 64 | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.24% | 0.63% | 0.20% | 1.00% | -0.03% | 0.18% | -0.14% | 0.55% | 0.21% | -0.27% | -1.20% | 0.30% |
| Benchmark | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% |
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 | 102/ 105 | 96/ 110 | 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 | 27.36 |
| Canadian Corporate Bonds | 25.61 |
| Foreign Government Bonds | 20.45 |
| Canadian Government Bonds | 19.25 |
| Cash and Equivalents | 7.13 |
| Other | 0.20 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 92.67 |
| Cash and Cash Equivalent | 7.13 |
| Other | 0.20 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 48.30 |
| Europe | 32.20 |
| Asia | 6.31 |
| Latin America | 2.37 |
| Multi-National | 0.38 |
| Other | 10.44 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 1.00% 01-Sep-2026 | 19.25 |
| Colombian TES 12.500% Feb 27, 2030 | 5.94 |
| MARGIN CASH - CAD - MS OTC CLEARED | 4.35 |
| Japanese Yen | 2.16 |
| Republic of Poland Government International Bond 2.875% Jan 15, 2031 | 2.09 |
| Mexico Government International Bond 4.875% May 16, 2036 | 1.74 |
| Mexico Government 4.00% 15-Mar-2115 | 1.58 |
| MARGIN CASH - CAD - HSBC NON CLEARED COLL | 1.35 |
| Japan Government 0.50% 20-Mar-2060 | 1.25 |
| Mexico Government International Bond 3.875% May 16, 2031 | 1.21 |
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 | 2.07% | 2.51% | - |
|---|---|---|---|
| Beta | -0.05 | -0.03 | - |
| Alpha | 0.03 | 0.02 | - |
| Rsquared | 0.02% | 0.01% | - |
| Sharpe | -0.29 | -0.25 | - |
| Sortino | 0.02 | -0.39 | - |
| Treynor | 0.13 | 0.19 | - |
| Tax Efficiency | 75.19% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.88% | 2.07% | 2.51% | - |
| Beta | 0.11 | -0.05 | -0.03 | - |
| Alpha | 0.01 | 0.03 | 0.02 | - |
| Rsquared | 0.05% | 0.02% | 0.01% | - |
| Sharpe | -0.38 | -0.29 | -0.25 | - |
| Sortino | -0.83 | 0.02 | -0.39 | - |
| Treynor | -0.07 | 0.13 | 0.19 | - |
| Tax Efficiency | 70.98% | 75.19% | - | - |
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) | $1,759 |
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.
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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