Fact sheet: RBC (Lux) USInvGrdCorpBd

Fund information
Fund name
RBC (Lux) US Investment Grade Corporate Bond O
Fund manager company
Candriam
Fund type
Offshore Fund
Fund managers
  • Jacob Rathsince 30/04/2016
  • James Weinandsince 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. 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
  • Barclays Capital US Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
9/48
Sector
FO Fixed Int - USD Investment Grade
Yield
-
Fund size
£47m (£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.
31
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $6.2%
Nikko AM Asia Credit5.3%
Principal GIF PrefSec4.5%
Pimco GIS GblInvGrCr4.5%
Invesco GblInvGrCorpBd4.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%-4%-0.2%3.9%12.4%24.5%
Sector-2.2%-2.8%-0.2%2.7%8.8%20.5%
Rank within sector37 / 5436 / 5215 / 529 / 488 / 457 / 40
Quartile3rd3rd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund5.2%-0.2%7.3%-1.5%9.7%
Sector3.5%-0.7%6%-1.1%10.1%
Rank within sector8 / 4824 / 4710 / 4517 / 4411 / 40
Quartile1st3rd1st2nd2nd
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.
0.24
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.
1.32
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.
0.36
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%.
3.89
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.
1.8
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.
0.74
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.
0.83
Price movement
52 week high142.36
52 week low129.47
Current bid price-
Current offer price-
Current mid price136.45
Region
No data available.
Industry sector
1BBB71.8%
2A26.4%
3AA1.8%
Asset type
1Global Investment Grade Fixed Interest97.3%
2Cash & Cash Equivalents2.7%
Individual holdings
1VERIZON COMMUNICATIONS INC 6.55% BDS 15/09/43 USD20002.7%
2FORD MOTOR CREDIT CO LLC 5.75% BDS 01/02/21 USD10002%
3AT&T INC 5% MTN 01/03/21 USD10001.7%
4GENERAL MOTORS FINANCIAL CO INC 4.375% BDS 25/09/21 USD20001.7%
5SYNCHRONY FINANCIAL 3.75% NTS 15/08/21 USD20001.7%
6MCKESSON CORP 4.75% BDS 01/03/21 USD10001.3%
7SANTANDER HLDGS USA INC 3.45% NTS 27/08/18 USD20001.3%
8ACTAVIS 3.25%/12-01.10.20221.2%
9MORGAN STANLEY 5.5% BDS 28/07/21 USD1001.2%
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 investment grade corporate fixed income securities, issued in the U.S. and denominated in U.S. dollars. 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
  • Barclays Capital US Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jacob Rath30/04/2016
James Weinand30/04/2016
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 price122.2735
CurrencyUSD
Price updated30/11/2016
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 price113.757
CurrencyGBP
Price updated30/11/2016
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 price104.39
Offer price104.39
Mid price-
CurrencyUSD
Price updated30/11/2016
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 price136.4466
CurrencyUSD
Price updated30/11/2016
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 price103.9295
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeABRP
Data provided by

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