BlueBay Emerging Markets High Yield Corporate Bond Fund (Canada) (US$)

Fund code: RBF346

Who is this fund for?

Investors who:
  • are seeking a combination of current income and capital growth potential
  • want exposure to a portfolio of emerging market high yield corporate debt securities to diversify the fixed-income portion of their overall portfolio
  • are planning to hold their investment for the long term

Portfolio manager(s)

Polina Kurdyavko, CFAManaging Director, Senior Portfolio Manager & Head of Emerging Markets, BlueBay Fixed Income, RBC Global Asset Management (UK) Limited
Anthony Kettle, CFAManaging Director & Senior Portfolio Manager, BlueBay Fixed Income, RBC Global Asset Management (UK) Limited

Details

Risk rating
  • Low
  • Low to med
  • Med
  • Med to high
  • High
Series
A
NAV $
8.71
4/9/2025
Inception date
13/10/2021
Net asset $
138.54 M
4/9/2025
MER %
1.68
Management fee %
1.50
Income distribution
Quarterly
Capital gains distribution
Annually
Fund category
(CIFSC)
Emerging Markets Fixed Income
Load structure
No Load
Minimum investment $
500
Subsequent investment $
25
Sales status
Open

Performance

Trailing returns %

As of 3/31/2025
YTD1 mo3 mo6 mo1 yr3 yr5 yr10 yrIncept.
Fund 1.7-0.51.72.68.94.6--2.4
Quartile 3rd3rd3rd1st1st1st---
No. funds in category 555555555448---

Calendar returns %

As of 3/31/2025

Chart

Bar chart with 11 bars.
This chart shows calendar returns for the fund RBF346
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -10.785028 to 10.715581.
End of interactive chart.

Growth of $10,000

As of 3/31/2025

Chart

Combination chart with 2 data series.
This chart shows calendar returns for the fund RBF346
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
YTD6m1y3yAll
End of interactive chart.

Highest/lowest returns (%)

As of 3/31/2025
1 yr3 yr5 yr10 yr
EndedReturnEndedReturnEndedReturnEndedReturn
Highest10-202417.802-20254.9----
Lowest10-2022-18.910-20242.0----
Average-5.6-3.5----
No. of periods-30-6-0--
% positive-73.3-100.0----
*Highest/lowest returns (%) is based on data since inception of the fund.

Portfolio analysis

Asset type mix

As of 2/28/2025

Chart

Pie chart with 7 slices.
This chart displays asset mix data for the RBC fund RBF346
End of interactive chart.
0.1% Equity 99.9% Fixed Income / Cash

Fixed income breakdown

Government1.3%
Corporate89.7%
Other0.1%
Securitized debt0.0%
Cash8.8%
Direct mortgages0.0%

Portfolio characteristics

Cash/cash equiv.8.8%
AAA0.0%
AA0.0%
A0.0%
BBB2.4%
Below BBB87.6%
Mortgages0.0%
Other1.2%

Top 10 holdings

As of 2/28/2025
Holdings Assets
Samarco Mineracao SA 9.000% Jun 30, 20312.6%
Latam Airlines Group SA 7.875% Apr 15, 20301.9%
Petroleos Mexicanos 6.950% Jan 28, 20601.6%
Banco Mercantil del Norte SA/Grand Cayman 8.750% PERPETUAL1.6%
Avianca Midco 2 PLC 9.000% Dec 01, 20281.5%
OCP SA 7.500% May 02, 20541.5%
First Quantum Minerals Ltd 9.375% Mar 01, 20291.5%
Ecopetrol SA 5.875% May 28, 20451.4%
Wynn Macau Ltd 5.125% Dec 15, 20291.3%
Digicel Intermediate Holdings Ltd / Digicel International Finance Ltd / Difl US 12.000% May 25, 20271.3%
Total % of top 10 holdings 16.3%

Distributions

Distributions ($)/unit

As of 3/31/2025
YTD *2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest -0.440.410.440.05------
Canadian dividends -----------
Foreign income -----------
Foreign taxes paid -----------
Capital gains -0.19--0.00------
Return of capital -----------
Total distributions -0.630.410.440.05------

* Distributions are characterized into income type at year-end.

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