Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

RBC BlueBay Impact Bond Fund

mutual fund
RIBAX
Payout Change
Pending
Price as of:
$8.46 -0.03 -0.35%
primary theme
U.S. Intermediate-Term Bond Duration
share class
A (RIBAX) R6 (RIBRX) Y (RIBYX) I (RIBIX)
RIBAX (Mutual Fund)

RBC BlueBay Impact Bond Fund

Payout Change
Pending
Price as of:
$8.46 -0.03 -0.35%
primary theme
U.S. Intermediate-Term Bond Duration
share class
A (RIBAX) R6 (RIBRX) Y (RIBYX) I (RIBIX)
RIBAX (Mutual Fund)

RBC BlueBay Impact Bond Fund

Payout Change
Pending
Price as of:
$8.46 -0.03 -0.35%
primary theme
U.S. Intermediate-Term Bond Duration
share class
A (RIBAX) R6 (RIBRX) Y (RIBYX) I (RIBIX)

Name

As of 12/19/2024

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 Impact Bond Fund

RIBAX | Fund

$8.46

$246 M

3.68%

$0.31

1.10%

Vitals

YTD Return

1.2%

1 yr return

1.4%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

N/A

Net Assets

$246 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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 Impact Bond Fund

RIBAX | Fund

$8.46

$246 M

3.68%

$0.31

1.10%

RIBAX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.91%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    RBC BlueBay Impact Bond Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Apr 12, 2021
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Svendahl

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its assets in fixed income securities meeting the Fund’s impact criteria, as determined by the Advisor’s impact methodology. For purposes of this policy, the term “assets” means net assets plus the amount of borrowings for investment purposes. The fixed income securities in which the Fund may invest include, but are not limited to, bonds, municipal securities, mortgage-related, mortgage-backed and asset-backed securities, and obligations of U.S. governments and their agencies. The Fund may invest in securities with fixed, floating or variable rates of interest.
The Advisor will select investments that seek to generate returns while simultaneously meeting the Fund’s impact objective, which is to make investments that seek to achieve positive aggregate social and environmental impact outcomes. The Advisor will prioritize investment returns over achieving positive impact outcomes with respect to security selection and portfolio management decisions.
The positive aggregate social and environmental impact outcomes that the Advisor seeks to achieve are:
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.
Examples of stakeholders that the Fund seeks to benefit include the environment/planet, low-to-moderate income individuals/families, Black, Indigenous and other People of Color (BIPOC) individuals, and women.
The Advisor employs its impact assessment methodology to measure the investments’ expected and actual impact on these themes. This process involves:
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.
The Fund will primarily invest in investment grade fixed income securities. The Fund may invest in securities of any market capitalization, duration, or maturity. The Fund will invest in a portfolio of fixed income securities denominated in U.S. Dollars.
In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments.
The Advisor uses a bottom-up, fundamental process combined with top-down risk management tools designed to meet the objectives of achieving a high level of current income consistent with preservation of capital.
Read More

RIBAX - Performance

Return Ranking - Trailing

Period RIBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -7.5% 11.4% 64.73%
1 Yr 1.4% -6.5% 14.2% 69.29%
3 Yr -2.6%* -10.6% 27.3% 69.62%
5 Yr N/A* -7.5% 58.4% N/A
10 Yr N/A* -3.0% 73.7% N/A

* Annualized

Return Ranking - Calendar

Period RIBAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -16.2% 8.1% 12.58%
2022 -16.3% -34.7% 131.9% 59.26%
2021 -3.8% -11.6% 4.4% 70.30%
2020 N/A -9.9% 946.1% N/A
2019 N/A -1.7% 16.9% N/A

Total Return Ranking - Trailing

Period RIBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -7.5% 11.4% 64.73%
1 Yr 1.4% -6.5% 14.2% 69.29%
3 Yr -2.6%* -10.6% 27.3% 69.62%
5 Yr N/A* -7.5% 58.4% N/A
10 Yr N/A* -3.0% 73.7% N/A

* Annualized

Total Return Ranking - Calendar

Period RIBAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -11.3% 11.9% 32.64%
2022 -14.6% -32.2% 131.9% 79.79%
2021 -2.0% -9.4% 9.2% 85.43%
2020 N/A -1.9% 1009.0% N/A
2019 N/A 1.1% 21668.0% N/A

NAV & Total Return History

RIBAX - Holdings

Concentration Analysis

RIBAX Category Low Category High RIBAX % Rank
Net Assets 246 M 2.9 M 314 B 78.36%
Number of Holdings 362 1 17880 74.27%
Net Assets in Top 10 57.3 M 1.62 M 35.1 B 80.71%
Weighting of Top 10 19.55% 4.7% 3984.6% 63.85%

Top 10 Holdings

  1. Fannie Mae or Freddie Mac 5.00%
  2. RBC BlueBay US Government Money Market Fund 2.54%
  3. Fannie Mae Pool 2.26%
  4. CHOPEA CP 0 10/16/24 1.70%
  5. BAPHLT CP 0 10/24/24 1.70%
  6. CHE TRINITY HEALTH TXBL CP 5.2700 20241028 1.70%
  7. Amgen Inc 1.24%
  8. Fannie Mae Pool 1.22%
  9. Fannie Mae Pool 1.10%
  10. Elevance Health Inc 1.10%

Asset Allocation

Weighting Return Low Return High RIBAX % Rank
Bonds 		92.68% 0.00% 9231.88% 64.18%
Other 		10.76% -27.25% 1695.17% 24.27%
Cash 		2.54% -54.51% 237.69% 54.77%
Stocks 		0.00% 0.00% 99.98% 57.87%
Preferred Stocks 		0.00% 0.00% 72.34% 53.01%
Convertible Bonds 		0.00% 0.00% 7.93% 92.27%

Bond Sector Breakdown

Weighting Return Low Return High RIBAX % Rank
Securitized 		40.93% 0.00% 98.40% 20.38%
Corporate 		28.59% 0.00% 100.00% 54.96%
Municipal 		26.27% 0.00% 100.00% 2.19%
Cash & Equivalents 		2.54% 0.00% 237.69% 52.70%
Government 		2.01% 0.00% 86.23% 94.57%
Derivative 		-0.05% -6.56% 44.82% 83.92%

Bond Geographic Breakdown

Weighting Return Low Return High RIBAX % Rank
US 		92.68% 0.00% 9042.62% 55.60%
Non US 		0.00% 0.00% 189.26% 60.58%

RIBAX - Expenses

Operational Fees

RIBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.01% 39.64% 21.50%
Management Fee 0.35% 0.00% 1.76% 47.17%
12b-1 Fee 0.25% 0.00% 1.00% 34.93%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

RIBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 58.09%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

RIBAX 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.

RIBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 2.00% 493.39% 10.55%

RIBAX - Distributions

Dividend Yield Analysis

RIBAX Category Low Category High RIBAX % Rank
Dividend Yield 3.68% 0.00% 10.11% 70.70%

Dividend Distribution Analysis

RIBAX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Quarterly

Net Income Ratio Analysis

RIBAX Category Low Category High RIBAX % Rank
Net Income Ratio 0.91% -1.28% 4.79% 90.59%

Capital Gain Distribution Analysis

RIBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

RIBAX - 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
0.08 33.43 6.77 1.16

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×