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Name

As of 04/22/2024

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 High Yield Bond Fund

RGHYX | Fund

$9.63

$600 M

0.00%

0.81%

Vitals

YTD Return

-0.1%

1 yr return

9.1%

3 Yr Avg Return

1.7%

5 Yr Avg Return

4.6%

Net Assets

$600 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 100.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/22/2024

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 High Yield Bond Fund

RGHYX | Fund

$9.63

$600 M

0.00%

0.81%

RGHYX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    RBC BlueBay High Yield Bond Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Nov 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Justin Jewell

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in fixed income securities and/or investments that, at the time of purchase, have similar economic characteristics as fixed income securities that are non‑investment grade (high yield /junk bond), and are considered by the Fund to have the potential to provide a high level of total return. For purposes of this policy, the term “assets” means net assets plus the amount of borrowings for investment purposes. Up to 20% of the Fund’s total assets may be invested in other securities, including investment grade securities. The Fund may also invest in loans.
Non‑investment grade securities are securities rated Ba1 or BB+ or below by Moody’s Investors Service, Inc. (“Moody’s”) or Standard & Poor’s Financial Services LLC (“S&P”), respectively, a similar rating from a recognized rating agency, or unrated securities deemed comparable by the Fund. The Fund will normally invest at least 70% of the Fund’s assets in security holdings issued by U.S.-domiciled entities.
The Fund will invest, either directly or indirectly (e.g. via derivatives such as credit linked notes, interest rate swaps, total return swaps and credit default swaps), primarily in fixed income securities that are non‑investment grade. Derivatives, which are instruments that have a value based on another instrument, interest rate, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options, swaps and forwards as tools in the management of
portfolio assets. The Fund may use such derivatives through either the creation of long and short positions to hedge various investments, for
investment purposes, for risk management and/or in a manner intended to increase income or gain to the Fund.
The Advisor and Sub‑Advisor incorporate material environmental, social and governance (“ESG”) factors as part of the investment process.
The Advisor and Sub‑Advisor employ ESG Exclusion / Negative Screening as part of the 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 or Sub‑Advisor, as applicable.
The ESG Exclusion / Negative Screening applied by the Advisor and Sub‑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 and Sub‑Advisor may also facilitate ESG engagement, which is defined by the Advisor and Sub‑Advisor as the interactions between the Advisor and Sub‑Advisor, as applicable, 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 or Sub‑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 or Sub‑Advisor may engage with management of certain issuers regarding governance practices as well as what the Advisor or Sub‑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 and/or Sub‑Advisor’s ESG evaluation. The Advisor’s and Sub‑Advisor’s ESG evaluation is part of the Advisor’s and Sub‑Advisor’s wider credit analysis. The Advisor and Sub‑Advisor use in‑house ESG research supplemented by external third-party ESG information.
Read More

RGHYX - Performance

Return Ranking - Trailing

Period RGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -7.2% 5.7% 81.95%
1 Yr 9.1% -8.9% 16.0% 30.39%
3 Yr 1.7%* -16.2% 19.9% 29.89%
5 Yr 4.6%* -12.0% 36.4% 7.30%
10 Yr 4.7%* -4.9% 19.3% 6.81%

* Annualized

Return Ranking - Calendar

Period RGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -4.7% 14.3% 35.16%
2022 -13.7% -33.4% 3.6% 22.24%
2021 -1.6% -8.4% 14.9% 89.00%
2020 3.6% -13.9% 302.7% 6.94%
2019 10.3% -4.4% 13.3% 6.94%

Total Return Ranking - Trailing

Period RGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -7.2% 5.7% 81.95%
1 Yr 9.1% -8.9% 16.0% 30.39%
3 Yr 1.7%* -16.2% 19.9% 29.89%
5 Yr 4.6%* -12.0% 36.4% 7.30%
10 Yr 4.7%* -4.9% 19.3% 6.81%

* Annualized

Total Return Ranking - Calendar

Period RGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.9% -4.7% 18.2% 30.63%
2022 -9.0% -33.4% 47.8% 24.45%
2021 4.1% -8.4% 24.8% 70.28%
2020 9.2% -9.6% 325.6% 6.60%
2019 15.8% 0.9% 21.5% 11.63%

NAV & Total Return History

RGHYX - Holdings

Concentration Analysis

RGHYX Category Low Category High RGHYX % Rank
Net Assets 600 M 1.45 M 23.6 B 44.75%
Number of Holdings 212 2 2736 71.32%
Net Assets in Top 10 67.2 M -492 M 4.45 B 52.87%
Weighting of Top 10 12.05% 4.2% 146.9% 61.40%

Top 10 Holdings

  1. United States Treasury Note/Bond 1.96%
  2. RBC BlueBay US Government Money Market Fund 1.95%
  3. Boxer Parent Co Inc 1.15%
  4. Ferrellgas LP / Ferrellgas Finance Corp 1.14%
  5. Hanesbrands Inc 1.10%
  6. Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC 1.00%
  7. GTCR W-2 Merger Sub LLC 0.96%
  8. Smyrna Ready Mix Concrete LLC 0.94%
  9. Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 0.93%
  10. Dealer Tire LLC / DT Issuer LLC 0.92%

Asset Allocation

Weighting Return Low Return High RGHYX % Rank
Bonds 		96.08% -3.13% 154.38% 34.10%
Cash 		3.57% -52.00% 48.07% 50.39%
Convertible Bonds 		1.72% 0.00% 17.89% 27.91%
Other 		0.35% -63.70% 102.57% 26.36%
Stocks 		0.00% 0.00% 99.54% 71.76%
Preferred Stocks 		0.00% 0.00% 7.88% 59.69%

Stock Sector Breakdown

Weighting Return Low Return High RGHYX % Rank
Basic Materials 		100.00% 0.00% 100.00% 0.56%
Utilities 		0.00% 0.00% 100.00% 63.10%
Technology 		0.00% 0.00% 33.17% 64.79%
Real Estate 		0.00% 0.00% 86.71% 61.13%
Industrials 		0.00% 0.00% 93.12% 64.79%
Healthcare 		0.00% 0.00% 22.17% 58.59%
Financial Services 		0.00% 0.00% 100.00% 63.66%
Energy 		0.00% 0.00% 100.00% 86.48%
Communication Services 		0.00% 0.00% 99.99% 76.34%
Consumer Defense 		0.00% 0.00% 100.00% 60.85%
Consumer Cyclical 		0.00% 0.00% 100.00% 62.54%

Stock Geographic Breakdown

Weighting Return Low Return High RGHYX % Rank
Non US 		0.00% -0.01% 0.83% 16.12%
US 		0.00% 0.00% 99.54% 71.63%

Bond Sector Breakdown

Weighting Return Low Return High RGHYX % Rank
Corporate 		94.53% 0.00% 129.69% 52.64%
Cash & Equivalents 		1.95% 0.00% 48.07% 62.33%
Derivative 		0.35% -15.04% 42.26% 9.61%
Government 		0.25% 0.00% 99.07% 24.53%
Securitized 		0.00% 0.00% 97.24% 74.38%
Municipal 		0.00% 0.00% 4.66% 53.73%

Bond Geographic Breakdown

Weighting Return Low Return High RGHYX % Rank
US 		96.08% -3.13% 129.21% 24.19%
Non US 		0.00% 0.00% 98.19% 58.60%

RGHYX - Expenses

Operational Fees

RGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.04% 31.61% 65.12%
Management Fee 0.55% 0.00% 1.84% 45.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

RGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 10.71%

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.

RGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 100.00% 1.00% 255.00% 87.93%

RGHYX - Distributions

Dividend Yield Analysis

RGHYX Category Low Category High RGHYX % Rank
Dividend Yield 0.00% 0.00% 11.76% 19.41%

Dividend Distribution Analysis

RGHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RGHYX Category Low Category High RGHYX % Rank
Net Income Ratio 4.57% -2.39% 14.30% 40.22%

Capital Gain Distribution Analysis

RGHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

RGHYX - Fund Manager Analysis

Managers

Justin Jewell

Start Date

Tenure

Tenure Rank

Aug 01, 2016

5.83

5.8%

Justin is Co-Head of BlueBay's Global Leveraged Finance Long-Only Strategies and a senior portfolio manager within the Global Leveraged Finance Group. Justin joined BlueBay in 2009, initially as Head of High Yield Trading, before moving into portfolio management at the beginning of 2012. He has spent a large part of his career at UBS where, most recently, he was Director of High Yield and Distressed Trading in Europe.

Tim Leary

Start Date

Tenure

Tenure Rank

Mar 15, 2019

3.21

3.2%

Tim Leary – Portfolio Manager, Leveraged Finance – Tim joined BlueBay USA in January 2012, as Head of Trading, North America within the Global Leveraged Finance Group based in the Stamford, Connecticut, office before he was promoted to his current role in January 2017. Prior to joining BlueBay USA, Tim was a director in high yield and distressed credit trading at the Royal Bank of Scotland (RBS). Before joining RBS, Tim spent three years as an analyst on the leveraged loan trading desk at Bear, Stearns & Co. Tim holds a BS in Business Administration with Finance concentration from Fordham University.

Andrzej Skiba

Start Date

Tenure

Tenure Rank

Apr 13, 2020

2.13

2.1%

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
0.13 37.79 7.12 8.17

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