RBC BlueBay Impact Bond Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.2%
1 yr return
0.8%
3 Yr Avg Return
-3.7%
5 Yr Avg Return
-0.1%
Net Assets
$246 M
Holdings in Top 10
21.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
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 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RIBIX - Profile
Distributions
- YTD Total Return -2.2%
- 3 Yr Annualized Total Return -3.7%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.14%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRBC BlueBay Impact Bond Fund
-
Fund Family NameRBC Global Asset Management.
-
Inception DateApr 12, 2021
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Svendahl
Fund Description
1) | Alignment with defined social and environmental impact themes. The social theme comprises affordable homeownership, multi-family housing, education, health and wellness, and small business, while environmental themes are energy and climate change, and water and sanitation. |
2) | Alignment with one or more of the United Nations Sustainable Development Goals (SDGs), a global agenda to end poverty, protect the planet, and ensure prosperity for all by the year 2030. |
1) | Preliminary Assessment: Every security is analyzed to verify eligibility and fit with the impact goals. |
2) | Research: Each security undergoes an in-depth review and analysis to determine its level of expected impact. The data, sources, and impact |
measurements/metrics are documented in the Advisor’s research database, and this information is updated throughout the investment lifecycle. |
3) | Recommendation: If a security meets both the impact and return objectives of the Fund, it will be recommended for inclusion in the Fund. |
4) | Monitoring: Impact data from the research database is aggregated at the Fund level and monitored by the Advisor on an ongoing basis to compare the actual impact of the Fund to its expected impact and impact objectives. When monitoring at the portfolio level indicates that a security is no longer expected to achieve its intended impact or no longer aligns with the Fund’s impact objectives, the Advisor will seek an appropriate course of action, which may include exiting the investment. |
5) | Reporting: Aggregated impact results are published in an Annual Impact Investing Report on the Advisor’s website. The Annual Impact Investing Report includes both portfolio-level reporting and disclosures on the impact measurement process. |
RIBIX - Performance
Return Ranking - Trailing
Period | RIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -12.6% | 2.8% | 22.82% |
1 Yr | 0.8% | -10.7% | 10.2% | 26.87% |
3 Yr | -3.7%* | -11.1% | 24.6% | 52.41% |
5 Yr | -0.1%* | -7.0% | 190.4% | 64.59% |
10 Yr | N/A* | -2.6% | 73.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | RIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -16.2% | 8.1% | 16.24% |
2022 | -16.2% | -34.7% | 131.9% | 54.63% |
2021 | -3.7% | -11.6% | 4.4% | 64.44% |
2020 | 4.5% | -10.1% | 946.1% | 42.59% |
2019 | 3.4% | -1.7% | 16.9% | 89.69% |
Total Return Ranking - Trailing
Period | RIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -12.6% | 2.8% | 22.82% |
1 Yr | 0.8% | -10.7% | 10.2% | 26.87% |
3 Yr | -3.7%* | -11.1% | 24.6% | 52.41% |
5 Yr | -0.1%* | -7.0% | 190.4% | 64.59% |
10 Yr | N/A* | -2.6% | 73.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -11.3% | 11.0% | 27.39% |
2022 | -14.2% | -32.2% | 131.9% | 71.21% |
2021 | -1.6% | -9.4% | 9.2% | 73.25% |
2020 | 8.0% | -1.9% | 1009.0% | 57.08% |
2019 | 7.5% | 1.1% | 21668.0% | 81.10% |
NAV & Total Return History
RIBIX - Holdings
Concentration Analysis
RIBIX | Category Low | Category High | RIBIX % Rank | |
---|---|---|---|---|
Net Assets | 246 M | 2.9 M | 314 B | 76.74% |
Number of Holdings | 328 | 1 | 17889 | 76.30% |
Net Assets in Top 10 | 51.8 M | -106 M | 36.5 B | 80.43% |
Weighting of Top 10 | 21.01% | 4.4% | 134.1% | 63.60% |
Top 10 Holdings
- RBC BlueBay US Government Money Market Fund 5.26%
- Fannie Mae or Freddie Mac 4.31%
- Becton Dickinson Co 1.71%
- Hertz Vehicle Financing III LLC 1.62%
- Lendbuzz Securitization Trust 2023-3 1.56%
- Amgen Inc 1.46%
- Sunnova Sol IV Issuer LLC 1.32%
- American Water Capital Corp 1.27%
- Tesla Auto Lease Trust 2021-B 1.26%
- Luminace ABS-2022 Issuer LLC 1.23%
Asset Allocation
Weighting | Return Low | Return High | RIBIX % Rank | |
---|---|---|---|---|
Bonds | 80.97% | 0.00% | 215.98% | 90.38% |
Other | 17.65% | -13.23% | 50.66% | 8.36% |
Cash | 5.26% | -54.51% | 79.52% | 29.50% |
Stocks | 0.00% | 0.00% | 99.93% | 88.13% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 87.71% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 97.52% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RIBIX % Rank | |
---|---|---|---|---|
Securitized | 40.93% | 0.00% | 98.40% | 21.58% |
Corporate | 28.59% | 0.00% | 100.00% | 55.45% |
Municipal | 26.27% | 0.00% | 100.00% | 2.18% |
Cash & Equivalents | 5.26% | 0.00% | 76.23% | 28.42% |
Government | 2.01% | 0.00% | 86.23% | 94.46% |
Derivative | 0.53% | -3.37% | 50.66% | 21.63% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RIBIX % Rank | |
---|---|---|---|---|
US | 80.97% | 0.00% | 215.98% | 87.71% |
Non US | 0.00% | 0.00% | 39.04% | 89.68% |
RIBIX - Expenses
Operational Fees
RIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 39.10% | 57.28% |
Management Fee | 0.35% | 0.00% | 1.76% | 48.86% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
RIBIX 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
RIBIX 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.
RIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 36.00% | 2.00% | 493.39% | 10.85% |
RIBIX - Distributions
Dividend Yield Analysis
RIBIX | Category Low | Category High | RIBIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.26% | 58.78% |
Dividend Distribution Analysis
RIBIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Annually | Annually |
Net Income Ratio Analysis
RIBIX | Category Low | Category High | RIBIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.14% | -1.28% | 4.79% | 83.97% |
Capital Gain Distribution Analysis
RIBIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.027 | OrdinaryDividend |
Feb 29, 2024 | $0.028 | OrdinaryDividend |
Jan 31, 2024 | $0.027 | OrdinaryDividend |
Dec 29, 2023 | $0.026 | OrdinaryDividend |
Nov 30, 2023 | $0.025 | OrdinaryDividend |
Oct 31, 2023 | $0.026 | OrdinaryDividend |
Sep 29, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.024 | OrdinaryDividend |
May 31, 2023 | $0.025 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | DailyAccrualFund |
Nov 30, 2022 | $0.019 | DailyAccrualFund |
Nov 01, 2022 | $0.019 | DailyAccrualFund |
Oct 03, 2022 | $0.018 | DailyAccrualFund |
Aug 31, 2022 | $0.018 | DailyAccrualFund |
Jul 29, 2022 | $0.017 | DailyAccrualFund |
Jun 30, 2022 | $0.016 | DailyAccrualFund |
May 31, 2022 | $0.014 | DailyAccrualFund |
Apr 29, 2022 | $0.014 | DailyAccrualFund |
Mar 31, 2022 | $0.013 | DailyAccrualFund |
Feb 28, 2022 | $0.012 | DailyAccrualFund |
Jan 31, 2022 | $0.011 | DailyAccrualFund |
Dec 31, 2021 | $0.012 | DailyAccrualFund |
Nov 30, 2021 | $0.012 | DailyAccrualFund |
Oct 31, 2021 | $0.011 | DailyAccrualFund |
Sep 30, 2021 | $0.010 | DailyAccrualFund |
Aug 31, 2021 | $0.010 | DailyAccrualFund |
Jul 31, 2021 | $0.009 | DailyAccrualFund |
Jun 30, 2021 | $0.007 | DailyAccrualFund |
May 31, 2021 | $0.008 | DailyAccrualFund |
Apr 30, 2021 | $0.011 | DailyAccrualFund |
Mar 31, 2021 | $0.015 | DailyAccrualFund |
Feb 28, 2021 | $0.014 | DailyAccrualFund |
Jan 31, 2021 | $0.015 | DailyAccrualFund |
Dec 31, 2020 | $0.016 | DailyAccrualFund |
Nov 30, 2020 | $0.015 | DailyAccrualFund |
Oct 30, 2020 | $0.016 | DailyAccrualFund |
Sep 30, 2020 | $0.016 | DailyAccrualFund |
Aug 31, 2020 | $0.017 | DailyAccrualFund |
Jul 31, 2020 | $0.017 | DailyAccrualFund |
Jun 30, 2020 | $0.017 | DailyAccrualFund |
May 29, 2020 | $0.017 | DailyAccrualFund |
Apr 30, 2020 | $0.018 | DailyAccrualFund |
Mar 31, 2020 | $0.020 | DailyAccrualFund |
Feb 28, 2020 | $0.019 | DailyAccrualFund |
Jan 31, 2020 | $0.021 | DailyAccrualFund |
Nov 29, 2019 | $0.022 | DailyAccrualFund |
Oct 31, 2019 | $0.022 | DailyAccrualFund |
Sep 30, 2019 | $0.021 | DailyAccrualFund |
Aug 30, 2019 | $0.024 | DailyAccrualFund |
Jul 31, 2019 | $0.024 | DailyAccrualFund |
Jun 28, 2019 | $0.024 | DailyAccrualFund |
May 31, 2019 | $0.023 | DailyAccrualFund |
Apr 30, 2019 | $0.022 | DailyAccrualFund |
Mar 29, 2019 | $0.023 | DailyAccrualFund |
Feb 28, 2019 | $0.020 | DailyAccrualFund |
Jan 31, 2019 | $0.022 | DailyAccrualFund |
Dec 31, 2018 | $0.022 | DailyAccrualFund |
Nov 30, 2018 | $0.021 | DailyAccrualFund |
Oct 31, 2018 | $0.022 | DailyAccrualFund |
Aug 31, 2018 | $0.021 | DailyAccrualFund |
Jul 31, 2018 | $0.021 | DailyAccrualFund |
Jun 29, 2018 | $0.020 | DailyAccrualFund |
May 31, 2018 | $0.022 | DailyAccrualFund |
Apr 30, 2018 | $0.021 | DailyAccrualFund |
Mar 29, 2018 | $0.018 | DailyAccrualFund |
Feb 28, 2018 | $0.015 | DailyAccrualFund |
Jan 31, 2018 | $0.013 | DailyAccrualFund |
Dec 29, 2017 | $0.005 | DailyAccrualFund |
RIBIX - Fund Manager Analysis
Managers
Brian Svendahl
Start Date
Tenure
Tenure Rank
Dec 18, 2017
4.45
4.5%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |