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Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RBC BlueBay Strategic Income Fund

RBSIX | Fund

$9.85

$55.9 M

0.00%

1.12%

Vitals

YTD Return

2.2%

1 yr return

10.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$55.9 M

Holdings in Top 10

22.9%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RBC BlueBay Strategic Income Fund

RBSIX | Fund

$9.85

$55.9 M

0.00%

1.12%

RBSIX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    RBC BlueBay Strategic Income Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Nov 01, 2021
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Svendahl

Fund Description

The Fund seeks to achieve its investment objective by investing in fixed income securities. The fixed income securities in which the Fund may invest include, but are not limited to, bonds, municipal securities, mortgage-related and asset-backed securities (including Collateralized Mortgage Obligations (“CMOs”)), and obligations of U.S. and foreign governments and their agencies.
The Fund is actively managed and is not managed to an index and may invest in securities of any maturity. The Fund will invest primarily in US domestic investment grade bonds, but will be allowed to invest flexibly across sectors, including non US and non investment grade securities. The Fund may invest in securities with fixed, floating or variable rates of interest. The Fund may invest up to 30% of its net assets in securities that are non investment grade (high yield/junk bond).
In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use exchange-traded options, bond futures, interest rate swaps, credit default swaps (including buying and selling credit default swaps on individual securities and/or baskets of securities) and currency futures for portfolio positioning and risk management purposes. The Fund’s exposure to derivatives will vary.
The Advisor is primarily responsible for managing the Fund’s assets. The Advisor uses a bottom up, fundamental process combined with top down risk management tools designed to meet the Fund’s investment objective.
The Advisor uses detailed credit analysis to identify investment opportunities while simultaneously seeking to minimize principal losses.
The Advisor incorporates material environmental, social and governance (“ESG”) factors as part of the investment process.
The Advisor employs ESG Exclusion / Negative Screening as part of its investment process in managing the Fund. ESG Exclusion / Negative Screening is defined as the exclusion of certain sectors, issuers or practices based on specific ESG considerations determined by the Advisor, as applicable.
The ESG Exclusion / Negative Screening applied by the Fund’s Advisor includes:
•
Non‑compliance with the UN Global Compact Principles;
•
Producers of controversial weapons, including, but not limited to, cluster munitions, anti-personnel mines, chemical and biological weapons and depleted uranium;
•
Tobacco producers; and
•
Certain thresholds of involvement in thermal coal mining and power generation.
The Advisor may also facilitate ESG engagement, which is defined by the Advisor as the interactions between the Advisor and current or potential investees (which may be companies, sovereign, supranational and agency issuers (SSA) and/or other stakeholders of relevance to the investees on ESG issues). The Advisor may undertake ESG engagement to seek to gain insight regarding an issuer’s ESG practices and/or improve an issuer’s ESG disclosure. For example, the Advisor may engage of certain issuers regarding governance practices as well as what the Advisor deems to be materially important environmental and/or social issues.
For specific issuer and security types, as well as certain investment exposures, fixed income securities held by the Fund are subject to the Advisor’s ESG evaluation. The Advisor’s ESG evaluation is part of its wider credit analysis. The Advisor uses in‑house ESG research supplemented by external third-party ESG information.
Read More

RBSIX - Performance

Return Ranking - Trailing

Period RBSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -12.6% 2.8% 0.30%
1 Yr 10.1% -10.7% 10.2% 0.20%
3 Yr N/A* -11.1% 24.6% N/A
5 Yr N/A* -7.0% 190.4% N/A
10 Yr N/A* -2.6% 73.3% N/A

* Annualized

Return Ranking - Calendar

Period RBSIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -16.2% 8.1% 64.04%
2022 N/A -34.7% 131.9% N/A
2021 N/A -11.6% 4.4% N/A
2020 N/A -10.1% 946.1% N/A
2019 N/A -1.7% 16.9% N/A

Total Return Ranking - Trailing

Period RBSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -12.6% 2.8% 0.30%
1 Yr 10.1% -10.7% 10.2% 0.20%
3 Yr N/A* -11.1% 24.6% N/A
5 Yr N/A* -7.0% 190.4% N/A
10 Yr N/A* -2.6% 73.3% N/A

* Annualized

Total Return Ranking - Calendar

Period RBSIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.8% -11.3% 11.0% 0.60%
2022 N/A -32.2% 131.9% N/A
2021 N/A -9.4% 9.2% N/A
2020 N/A -1.9% 1009.0% N/A
2019 N/A 1.1% 21668.0% N/A

NAV & Total Return History

RBSIX - Holdings

Concentration Analysis

RBSIX Category Low Category High RBSIX % Rank
Net Assets 55.9 M 2.9 M 314 B 92.15%
Number of Holdings 221 1 17889 83.38%
Net Assets in Top 10 12.8 M -106 M 36.5 B 94.10%
Weighting of Top 10 22.95% 4.4% 134.1% 53.51%

Top 10 Holdings

  1. RBC BlueBay US Government Money Market Fund 4.25%
  2. United States Treasury Bill 4.10%
  3. United States Treasury Note/Bond 3.79%
  4. United States Treasury Bill 2.64%
  5. United States Treasury Note/Bond 2.31%
  6. Hyundai Capital America 1.44%
  7. Mexican Bonos 1.19%
  8. NextEra Energy Capital Holdings Inc 1.08%
  9. HILTON DOMESTIC OPERATIN 1.08%
  10. Credit Suisse Mortgage Capital Certificates 1.07%

Asset Allocation

Weighting Return Low Return High RBSIX % Rank
Bonds 		88.74% 0.00% 215.98% 74.58%
Cash 		10.33% -54.51% 79.52% 14.26%
Convertible Bonds 		2.82% 0.00% 7.93% 10.89%
Other 		0.93% -13.23% 50.66% 70.21%
Stocks 		0.00% 0.00% 99.93% 88.42%
Preferred Stocks 		0.00% 0.00% 74.68% 88.00%

Bond Sector Breakdown

Weighting Return Low Return High RBSIX % Rank
Corporate 		50.22% 0.00% 100.00% 9.21%
Securitized 		27.72% 0.00% 98.40% 56.83%
Cash & Equivalents 		4.25% 0.00% 76.23% 34.32%
Government 		1.92% 0.00% 86.23% 94.65%
Municipal 		0.00% 0.00% 100.00% 95.05%
Derivative 		-3.37% -3.37% 50.66% 99.80%

Bond Geographic Breakdown

Weighting Return Low Return High RBSIX % Rank
US 		79.21% 0.00% 215.98% 89.58%
Non US 		9.52% 0.00% 39.04% 3.74%

RBSIX - Expenses

Operational Fees

RBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.01% 39.10% 21.11%
Management Fee 0.53% 0.00% 1.76% 92.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

RBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% N/A

RBSIX - Distributions

Dividend Yield Analysis

RBSIX Category Low Category High RBSIX % Rank
Dividend Yield 0.00% 0.00% 10.26% 73.99%

Dividend Distribution Analysis

RBSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Annually Annually

Net Income Ratio Analysis

RBSIX Category Low Category High RBSIX % Rank
Net Income Ratio N/A -1.28% 4.79% N/A

Capital Gain Distribution Analysis

RBSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

RBSIX - Fund Manager Analysis

Managers

Brian Svendahl

Start Date

Tenure

Tenure Rank

Nov 01, 2021

0.58

0.6%

Brian is a senior portfolio manager within the BlueBay Fixed income team. He has been lead portfolio manager for RBC GAM’s impact investing strategies since 2006 along with many government and mortgage strategies. Brian joined RBC GAM in 2005 and has co-led the Minneapolis-based fixed income group since 2012. He had previously held several risk management, research, and trading positions with a large American multinational financial services company and first started in the investment industry in 1992.

Brandon Swensen

Start Date

Tenure

Tenure Rank

Nov 01, 2021

0.58

0.6%

Brandon is a senior portfolio manager within the BlueBay Fixed income team. In addition to co-leading the fixed income group based in Minneapolis, he is a portfolio manager for several cash management and core solutions. Brandon joined the RBC GAM mortgage and government team in 2000, having earlier held positions as a research analyst covering asset-backed securities and credit, and as a financial analyst. Brandon began his career in the investment industry in 1998.

Andrzej Skiba

Start Date

Tenure

Tenure Rank

Nov 01, 2021

0.58

0.6%

Andrzej joined BlueBay in February 2005 and is a Senior Portfolio Manager responsible for the Developed Markets team and is based in Stamford, Connecticut. Prior to BlueBay, Andrzej worked for Goldman Sachs as a credit analyst covering European investment grade telecom, media and utility sectors. Andrzej holds a BSc (Hons) in Management and International Business Economics from UMIST and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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