Fact sheet: RBC (Lux) USInvGrdCorpBd

Fund information
Fund name
RBC (Lux) US Investment Grade Corporate Bond O
Fund manager company
Candriam Luxembourg
Fund type
Offshore Fund
Fund managers
  • James Weinandsince 30/04/2016
  • Jacob Rathsince 30/04/2016
Fund objective
The objective of the Sub-Fund is to maximize total returns by investing primarily in a diversified portfolio of investment grade corporate fixed income securities, issued in the U.S. and denominated in U.S. dollars.
Benchmark
  • Barclays Capital US Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.6%
1 Year rank in sector
15/23
Sector
FO Fixed Int - USD Corporate Bond
Yield
-
Fund size
£44m (£47m 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.
33
Top in this sector
Fund name1 Year
Franklin Fltng Rte II11.2%
Invesco GblInvGrCorpBd10.1%
Natixis Dur Hgd Gbl Corp Bd8.2%
StanLife Inv EM Corp Bd7.8%
CS Lux Asia Corp Bd6.5%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • USA100.5%
    Money Market-0.5%
  • BBB73.2%
    A22.5%
    AA4.8%
    Money Market-0.5%
  • Global Investment Grade Fixed Interest100.5%
    Cash & Cash Equivalents-0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%1.8%-2%3.6%11.9%21.4%
Sector-0.1%1.5%-0.4%5.9%11%19.8%
Rank within sector17 / 3110 / 3123 / 2615 / 237 / 217 / 14
Quartile3rd2nd4th3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1%5.8%-0.2%7.3%-1.5%
Sector1.1%7.5%-1.2%5.4%-1.5%
Rank within sector18 / 3113 / 228 / 227 / 1911 / 16
Quartile3rd3rd2nd2nd3rd
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.
0.12
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.
1.03
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.
0.07
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%.
4.2
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.
2.2
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.
0.09
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.
0.72
Price movement
52 week high142.36
52 week low134.16
Current bid price-
Current offer price-
Current mid price138.61
Region
1USA100.5%
2Money Market-0.5%
Industry sector
1BBB73.2%
2A22.5%
3AA4.8%
4Money Market-0.5%
Asset type
1Global Investment Grade Fixed Interest100.5%
2Cash & Cash Equivalents-0.5%
Individual holdings
1AT&T INC 5% MTN 01/03/21 USD10001.5%
2NEWELL RUBBERMAID INC 3.85% BDS 01/04/23 USD10001.4%
3LYONDELLBASELL INDUSTRIES NV 6% BDS 15/11/21 USD1000 144A1.3%
4BANK OF AMERICA CORP 4.2% BDS 26/08/24 USD20001.2%
5GENERAL MOTORS FINANCIAL CO INC 4.375% BDS 25/09/21 USD20001.2%
6GEORGIA PACIFIC CORP 8% SNR NTS 15/1/24 USD1000 `144A`1.2%
7MEDTRONIC INC 3.15% BDS 15/03/22 USD2000144A1.2%
8PENTAIR FINANCE SA 2.9% BDS 15/09/18 USD10001.2%
9TYSON FOODS INC(DEL) 2.65% BDS 15/08/19 USD20001.2%
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam Luxembourg
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 investment grade corporate fixed income securities, issued in the U.S. and denominated in U.S. dollars.
Benchmark
  • Barclays Capital US Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Weinand30/04/2016
Jacob Rath30/04/2016
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) US Investment Grade Corporate Bond A
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.8889
CurrencyUSD
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA03S
RBC (Lux) US Investment Grade Corporate Bond B Hedged
Initial charge5%
Annual charge0.5%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.0471
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFC0J
RBC (Lux) US Investment Grade Corporate Bond B USD
Initial charge5%
Annual charge0.5%
Min single investment£5,000
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price105.946
Offer price105.946
Mid price-
CurrencyUSD
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQBT
RBC (Lux) US Investment Grade Corporate Bond O
Initial charge5%
Annual charge0.35%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price138.6119
CurrencyUSD
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIZN2
RBC (Lux) US Investment Grade Corporate Bond O Dis
Initial charge5%
Annual charge0.35%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.7722
CurrencyUSD
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeABRP
Data provided by

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