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Name

As of 04/23/2024

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 Short Duration Fixed Income Fund

RSDIX | Fund

$9.62

$64.4 M

4.54%

$0.44

0.79%

Vitals

YTD Return

1.0%

1 yr return

5.2%

3 Yr Avg Return

1.0%

5 Yr Avg Return

2.0%

Net Assets

$64.4 M

Holdings in Top 10

18.8%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 76.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

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 Short Duration Fixed Income Fund

RSDIX | Fund

$9.62

$64.4 M

4.54%

$0.44

0.79%

RSDIX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.30%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    RBC BlueBay Short Duration Fixed Income Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Dec 30, 2013
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Svendahl

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in fixed income securities. The fixed income securities in which the Fund may invest include, but are not limited to, bonds, municipal securities, mortgage-related and asset-backed securities, and obligations of U.S. and foreign governments and their agencies. The Fund may invest in securities with fixed, floating or variable rates of interest. The Fund may invest up to 25% of its net assets in securities that are non‑investment grade (high yield/junk bond).
The Fund typically seeks to maintain a duration of three years or less. Duration is a measure of price sensitivity of a debt security or a portfolio of debt securities relative to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The Fund may invest in securities of both U.S. and foreign issuers. The Fund will normally invest in a portfolio of fixed income securities denominated in U.S. Dollars but may invest in securities denominated in currencies of other countries.
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, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. 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 objective of high level of current income consistent with preservation of capital over the long term. The Advisor will also make active allocation decisions by focusing on sector targets, yield curve exposure and duration of the Fund’s portfolio.
As part of the investment process, the Advisor considers issuers’ oversight and management of material environmental, social and governance (“ESG”) factors. The ESG factors deemed material to the Fund are at the discretion of the Advisor.
ESG factors considered may include, but are not limited to, the following: (i) corporate governance; (ii) employee health and safety; (iii) human rights; and (iv) environmental management. The Fund may from time to time invest in derivatives, cash, money market instruments and other similar instruments where ESG integration may not be applicable due to the nature of such instruments.
Read More

RSDIX - Performance

Return Ranking - Trailing

Period RSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.7% 10.2% 16.91%
1 Yr 5.2% -3.1% 23.7% 14.75%
3 Yr 1.0%* -6.7% 4.1% 14.90%
5 Yr 2.0%* -4.4% 4.3% 19.12%
10 Yr 1.9%* -19.2% 169.6% 15.85%

* Annualized

Return Ranking - Calendar

Period RSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -5.4% 7.6% 26.82%
2022 -5.8% -17.7% -2.6% 22.26%
2021 -2.3% -4.0% 4.4% 79.89%
2020 1.5% -8.3% 7.6% 60.00%
2019 2.7% -2.3% 9.3% 23.48%

Total Return Ranking - Trailing

Period RSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.7% 10.2% 16.91%
1 Yr 5.2% -3.1% 23.7% 14.75%
3 Yr 1.0%* -6.7% 4.1% 14.90%
5 Yr 2.0%* -4.4% 4.3% 19.12%
10 Yr 1.9%* -19.2% 169.6% 15.85%

* Annualized

Total Return Ranking - Calendar

Period RSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -1.1% 15.2% 17.52%
2022 -3.7% -17.3% -1.3% 19.48%
2021 0.0% -2.7% 7.7% 46.93%
2020 3.8% -4.4% 14.5% 61.37%
2019 5.7% 0.6% 12.6% 21.86%

NAV & Total Return History

RSDIX - Holdings

Concentration Analysis

RSDIX Category Low Category High RSDIX % Rank
Net Assets 64.4 M 14.5 K 57.3 B 91.88%
Number of Holdings 179 2 9251 80.14%
Net Assets in Top 10 12 M 1.16 M 6.6 B 94.40%
Weighting of Top 10 18.83% 1.8% 108.7% 66.61%

Top 10 Holdings

  1. RBC BlueBay US Government Money Market Fund 5.84%
  2. PNC Financial Services Group Inc/The 1.62%
  3. JPMorgan Chase Co 1.61%
  4. American Express Co 1.60%
  5. Hewlett Packard Enterprise Co 1.57%
  6. GM Financial Consumer Automobile Receivables Trust 2023-1 1.55%
  7. AmeriCredit Automobile Receivables Trust 2019-3 1.48%
  8. Exeter Automobile Receivables Trust 2019-3 1.26%
  9. Exeter Automobile Receivables Trust 2023-1 1.18%
  10. Truist Bank 1.12%

Asset Allocation

Weighting Return Low Return High RSDIX % Rank
Bonds 		72.51% 0.00% 130.68% 77.26%
Other 		20.92% -0.97% 72.36% 17.87%
Cash 		6.57% -20.59% 62.18% 20.76%
Convertible Bonds 		2.75% 0.00% 27.71% 46.29%
Stocks 		0.00% 0.00% 103.64% 49.64%
Preferred Stocks 		0.00% 0.00% 22.27% 42.60%

Bond Sector Breakdown

Weighting Return Low Return High RSDIX % Rank
Corporate 		57.08% 0.00% 100.00% 23.69%
Securitized 		39.99% 0.00% 97.27% 20.80%
Cash & Equivalents 		5.84% 0.00% 62.18% 20.76%
Derivative 		0.15% -0.55% 28.01% 21.30%
Municipal 		0.00% 0.00% 17.46% 68.72%
Government 		0.00% 0.00% 73.63% 96.38%

Bond Geographic Breakdown

Weighting Return Low Return High RSDIX % Rank
US 		72.51% 0.00% 130.68% 74.73%
Non US 		0.00% 0.00% 83.16% 46.93%

RSDIX - Expenses

Operational Fees

RSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.01% 3.24% 38.80%
Management Fee 0.30% 0.00% 1.19% 42.42%
12b-1 Fee N/A 0.00% 1.00% 35.61%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

RSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

RSDIX 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.

RSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 2.00% 500.00% 50.93%

RSDIX - Distributions

Dividend Yield Analysis

RSDIX Category Low Category High RSDIX % Rank
Dividend Yield 4.54% 0.00% 10.76% 33.94%

Dividend Distribution Analysis

RSDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RSDIX Category Low Category High RSDIX % Rank
Net Income Ratio 1.30% -1.27% 4.98% 42.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RSDIX - Fund Manager Analysis

Managers

Brian Svendahl

Start Date

Tenure

Tenure Rank

Dec 30, 2013

8.42

8.4%

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.

Brandon Swensen

Start Date

Tenure

Tenure Rank

Dec 30, 2013

8.42

8.4%

Brandon is a senior portfolio manager within the BlueBay Fixed income team. In addition to co-leading the fixed income group based in Minneapolis, he is a portfolio manager for several cash management and core solutions. Brandon joined the RBC GAM mortgage and government team in 2000, having earlier held positions as a research analyst covering asset-backed securities and credit, and as a financial analyst. Brandon began his career in the investment industry in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.14 2.41

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