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Fund Price: $10.80 (as at September 22, 2014)  1-day chg: $.0005 0.00%  YTD: 4.01%

Returns as at August 31, 2014

  Fund Group Avg Index*
1 Month 1.47% 0.81% 0.81%
3 Months 0.77% 0.88% 0.89%
6 Months 2.40% 2.45% 2.43%
1 Year 8.13% 8.21% 8.14%
2 Year Avg 5.65% 6.09% 5.99%
3 Year Avg 7.74% 6.54% 6.62%
4 Year Avg - 6.30% 6.10%
5 Year Avg - 7.65% 7.55%
10 Year Avg - 4.97% 4.81%
15 Year Avg - 4.97% 4.82%
20 Year Avg - 5.85% 5.35%
Since Inception 6.95% - -
 
2013 3.86% 3.14% 3.45%
2012 10.43% 10.94% 11.05%
2011 7.02% 2.98% 2.12%
 
3 year risk 4.13 5.00 3.98
3 year beta 0.98 1.01 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 August 31, 2014

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 Sep 13): 2.99 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 4 High

Fund Objectives

The fund seeks 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: 2 (3YR ending August 31, 2014)
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 May 31, 2014

Bond Type May 31, 2014

Bond Term May 31, 2014

Top Holdings as at May 31, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at September 22, 2014
1 Year Performance (%)
  Ford Credit Canada, 7.50%, AUG/18/15 Bond 2.65   -3.86 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sprint Corporation, 9.00%, NOV/15/18 Bond 1.89   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  DISH Network, 7.88%, SEP/01/19 Bond 1.71   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Ball Corp., 5.75%, MAY/15/21 Bond 1.7   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Bank of Nova Scotia, JUN/06/14 Bond 1.58   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  T-Mobile US, 6.63%, APR/01/23 Bond 1.54   - 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 1.54   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Smithfield Foods, 6.63%, AUG/15/22 Bond 1.44   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Continental Resources, 7.13%, APR/01/21 Bond 1.39   - 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 September 22, 2014)

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
Jun 30, 2014 0.1111 0.1111 0.4733 10.829
Mar 31, 2014 0.1266 0.1266 0.4838 10.746
Dec 20, 2013 0.1100 0.1100 0.4785 10.592
Sep 30, 2013 0.1256 0.1256 0.5835 10.460
Jun 28, 2013 0.1216 0.1216 0.5659 10.422
Mar 28, 2013 0.1213 0.1213 0.5675 10.720

Portfolio Manager(s)

Efstathios (Stephen) Notidis

RBC Global Asset Management Inc.

Start Date: October, 2010

Fund Return: 6.95%

Stephen is a Portfolio Manager with the RBC Global Asset Management (RBC GAM) Corporate Bond Team and is primarily responsible for analyzing and managing high-yield corporate bond investments across various fixed income funds. He is part of a veteran team that strives to identify superior investment opportunities while minimizing default prospects. Stephen is also a member of the RBC GAM Corporate Bond Strategy Committee. Prior to joining RBC GAM, Stephen was a Senior Analyst with the Royal Bank of Canada in-house high-yield bond portfolio. He began his career in 1995 with RBC DS Global Markets, working in market risk management. Stephen graduated from the University of Toronto with a BASc and a MASc in Chemical Engineering and holds the Chartered Financial Analyst (CFA) designation.

View fund manager performance report

Frank Gambino MBA, CFA

RBC Global Asset Management Inc.

Start Date: October, 2010

Fund Return: 6.95%

Frank Gambino is a senior member of the RBC Global Asset Management corporate bond team with primary responsibility of managing the firm┐s high-yield corporate bond investments across a number of fixed-income funds. A member of the Global Fixed Income Strategy Committee and chair of the Corporate Bond Strategy Committee, Frank pursues a team-based, value-focused, total-rate-of-return investment philosophy.

Also manages:RBC Global Corporate Bond Series A, RBC Global High Yield Bond Advs Srs, RBC US Monthly Income Series A USD

View fund manager performance report