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Fund Price: $10.85 (as at May 24, 2013)  1-day chg: $-.0077 -0.07%  YTD: 2.63%

Returns as at April 30, 2013

  Fund Group Avg Index*
1 Month 1.33% 1.10% 1.10%
3 Months 2.26% 2.09% 2.12%
6 Months 3.84% 4.61% 4.63%
1 Year 9.05% 9.23% 9.30%
2 Year Avg 8.27% 6.60% 6.29%
3 Year Avg - 7.54% 7.04%
4 Year Avg - 11.53% 11.17%
5 Year Avg - 6.86% 6.54%
10 Year Avg - 5.19% 5.47%
15 Year Avg - 4.57% 4.36%
20 Year Avg - 6.63% -
Since Inception 8.35% - -
 
2012 10.43% 11.21% 11.05%
2011 7.02% 2.81% 2.12%
2010 - 10.72% 10.16%
 
3 year risk - 5.43 4.26
3 year beta - 1.07 1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe High Yield Fixed Income Peer Index.

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)
Best (ending Sep 12): 14.91 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Nov 11): 5.45 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 2 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 4 High

Fund Objectives

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.

Fund Facts

Fund Sponsor: RBC Global Asset Management Inc.
Managed by: RBC Global Asset Management Inc.
Fund Type: MF Trust
Inception Date: October 2010
Asset Class: High Yield Fixed Income
Quartile Rank: - (3YR ending April 30, 2013)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 1.42%
Management Fee: 1.25%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$25
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$25
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation January 31, 2013

Bond Type January 31, 2013

Bond Term January 31, 2013

Top Holdings as at January 31, 2013

Symbol Company Name Sector Geographic
Area		 Asset
Type		 % of
Total Assets		   Performance as at May 24, 2013
1 Year Performance (%)
  National Bank of Canada, FEB/28/13 Bond 3.92   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  TD Bank, FEB/21/13 Bond 3.14   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  National Bank of Canada, 0.00%, FEB/15/13 Bond 2.66   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Videotron Ltd., 6.88%, JUN/15/16 Bond 1.98   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Ford Motor Credit Company LLC, 12.00%, MAY/15/15 Bond 1.91   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Denbury Resources, 8.25%, FEB/15/20 Bond 1.75   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Ford Credit Canada, 7.50%, AUG/18/15 Bond 1.75   0.68 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Baytex Energy Corp., 6.63%, JUL/19/22 Bond 1.69   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Intelsat Jackson Holdings, 7.25%, APR/01/19 Bond 1.68   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to May 24, 2013)

Frequency of Income Distributions: Quarterly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Mar 28, 2013 0.1213 0.1213 0.5675 10.720
Dec 21, 2012 0.1050 0.1100 0.2150 0.5662 10.682
Sep 28, 2012 0.1080 0.1080 0.4612 10.728
Jun 29, 2012 0.1232 0.1232 0.5267 10.496
Mar 30, 2012 0.1200 0.1200 0.5280 10.433
Dec 23, 2011 0.1100 0.1100 0.5126 10.166

Portfolio Manager(s)

Frank Gambino MBA, CFA

RBC Global Asset Management Inc.

Start Date: October, 2010

Fund Return: 8.36%

Frank is responsible for managing investment-grade and high-yield corporate bond investments in fixed-income funds run by RBC Asset Management Inc. A member of the firm's Fixed Income & Currencies Committee, Frank pursues a value-focused, total-rate-of-return investment philosophy that strives to invest in quality companies that are undervalued. Using detailed company credit and industry analysis, Frank and other members of the corporate bond team identify investment opportunities while minimizing default prospects. Prior to joining RBC Asset Management, Frank was the Senior Portfolio Manager and Group Head for Royal Bank of Canada's in-house High Yield Bond Portfolio. He began his career with Canada Life as a senior fixed-income analyst and was also a portfolio manager with the Manulife Financial High Yield Group. Frank graduated from York University with a bachelor's degree in economics and earned an MBA from McMaster University. He holds the Chartered Financial Analyst designation.

Also manages:RBC $U.S. Income (US$), RBC Global Corporate Bond, RBC Global High Yield Bond-Adv

View fund manager performance report