Fact sheet: RBC (Lux) GblBd

Fund information
Fund name
RBC (Lux) Global Bond B Hedged Inc GBP
Fund manager company
Candriam
Fund type
Offshore Fund
Fund managers
  • Soo Boo Cheahsince 26/08/2012
  • Dagmara Fijalkowskisince 26/08/2012
Fund objective
The objective of the Sub-Fund is to maximize total returns by investing primarily in a diversified portfolio of high quality debt securities from anywhere around the world. The Sub-Fund invests primarily in high quality debt securities of governments around the world, their agencies and international agencies like the World Bank. The Sub-Fund may also invest in corporate bonds, including high yield bonds, as well as government bonds issued by developing countries. The Investment Manager conducts detailed credit and issuer analysis to identify investment opportunities while simultaneously minimizing default prospects. Most securities will have an investment grade rating.
Benchmark
  • Citigroup WGBI
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2%
1 Year rank in sector
150/296
Sector
FO Fixed Int - Global
Yield
-
Fund size
£66m (£67m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
24
Top in this sector
Fund name1 Year
Capital Group GHIOL31%
Dodge & Cox Global Bond25.5%
HSBC GIF Gbl AsBk Bd24.3%
CG Real Return23.4%
SKAGEN Tellus22.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Europe43.4%
    USA22%
    Asia20.1%
    Others12.9%
    Money Market1.6%
  • AA45.7%
    A33.7%
    BBB19.1%
    Money Market1.6%
  • Global Fixed Interest98.4%
    Cash & Cash Equivalents1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-3.3%-1.5%2%9.1%-
Sector-2%-2.2%0.8%2.6%5.6%13.8%
Rank within sector186 / 316206 / 313238 / 308150 / 29685 / 237-
Quartile3rd3rd4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.9%-0.1%6.7%--
Sector3.8%-1.6%3.7%-1.6%8.2%
Rank within sector150 / 30089 / 27675 / 237--
Quartile2nd2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.5
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.81
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.26
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.39
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.47
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.49
Price movement
52 week high115.54
52 week low107.38
Current bid price-
Current offer price-
Current mid price110.61
Region
1Europe43.39%
2USA22.04%
3Asia20.07%
4Others12.9%
5Money Market1.6%
Industry sector
1AA45.66%
2A33.65%
3BBB19.09%
4Money Market1.6%
Asset type
1Global Fixed Interest98.4%
2Cash & Cash Equivalents1.6%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 1.5% NTS 31/01/22 USD10007.5%
2JAPAN(GOVERNMENT OF) 0.2% NTS 20/06/36 JPY10005.1%
3BUNDESREPUBLIK DEUTSCHLAND 0.5%15/02/20253.7%
4JAPAN(GOVERNMENT OF) 0.3% BDS 20/12/24 JPY13.6%
5FRANCE(GOVT OF) 0.5% BDS 25/05/26 EUR13.2%
6JAPAN(GOVERNMENT OF) 1.3% BDS 20/06/35 JPY1003.2%
7ITALY(REPUBLIC OF) 2.5% NTS 01/05/19 EUR10003%
8SPAIN(KINGDOM OF) 1.15% BDS 30/07/20 EUR10003%
9UNITED STATES TREASURY NOTE/BOND 1% 15-05-20183%
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam
Fund type
Offshore Fund
Fund objective
The objective of the Sub-Fund is to maximize total returns by investing primarily in a diversified portfolio of high quality debt securities from anywhere around the world. The Sub-Fund invests primarily in high quality debt securities of governments around the world, their agencies and international agencies like the World Bank. The Sub-Fund may also invest in corporate bonds, including high yield bonds, as well as government bonds issued by developing countries. The Investment Manager conducts detailed credit and issuer analysis to identify investment opportunities while simultaneously minimizing default prospects. Most securities will have an investment grade rating.
Benchmark
  • Citigroup WGBI
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Soo Boo Cheah26/08/2012Mr. Soo Boo Cheah, CFA serves as a Portfolio Manager of Global Fixed Income and Currencies, and Member of RBC Asset Management Global Fixed Income and Currencies Team at RBC Asset Management Inc. Mr. Cheah serves as Portfolio Manager of Global Fixed Income and Currencies at various funds in the fund complex of RBC Funds. He is actively involved in all aspects of global fixed income management. He joined RBC Asset Management in 2000 as a Fixed Income Analyst. He is a Member of the Fixed Income Advisor Team to the RBC Investment Strategy Committee. He received a Charted Financial designation in 2002. Mr. Cheah holds an M.B.A. from the University of New Brunswick.
Dagmara Fijalkowski26/08/2012Ms. Dagmara Fijalkowski is the Head of Global Fixed Income and Currencies, Senior Vice President, and Senior Portfolio Manager at RBC Global Asset Management Inc. Ms. Fijalkowski leads a team of investment professionals at the firm with more than $45 billion in assets under management. She co-manages several of the firm's bond funds and manages foreign exchange hedging and active currency management programs for fixed income and equity funds. Ms. Fijalkowski previously served as a Fixed Income Analyst at the firm from 1997 to 1999. She also serves as a Vice President, Senior Portfolio Manager of Global Fixed Income and Currencies at RBC Asset Management Inc. Ms. Fijalkowski began her investment career in 1994. She holds the Chartered Financial Analyst designation. Ms. Fijalkowski received an MBA from the University of Western Ontario, Ivey School of Business in 1994. She earned a Master's Degree in Economics from Uniwersytet Lodzki.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
RBC (Lux) Global Bond A Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.0029
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBZG
RBC (Lux) Global Bond B Acc USD
Initial charge5%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.7079
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBZH
RBC (Lux) Global Bond B Hedged Inc GBP
Initial charge5%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.6109
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFC0I
RBC (Lux) Global Bond O Acc USD
Initial charge5%
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price109.847
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2CX
RBC (Lux) Global Bond O Hedged Inc GBP
Initial charge5%
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price106.0611
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF64Q
RBC (Lux) Global Bond O Hedged Inc USD
Initial charge5%
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.3746
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNE3K
Data provided by

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