Investment objective

To provide total returns comprised of interest income and modest capital appreciation. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in high yield debt securities issued by entities domiciled in or carrying out the majority of their business activities anywhere around the world while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar.

  • Fund Category Fixed Income Funds
  • Inception Date Jan 22, 2021
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35209 0.90%

Portfolio analysis As of Feb 28, 2026

0% 100%
Equity Fixed Income

Asset mix

Fixed Income Breakdown
Corporate Bonds91.3%
ST Investments (Cash & Other)6.8%
Government Bonds2.0%
Top 10 Holdings
% Assets
United States Treasury Note/Bond 0.875% Jun 30, 2026 2.0%
CCO Holdings LLC / CCO Holdings Capital Corp 7.375% Feb 01, 2036 1.0%
Sunoco LP 7.875% PERPETUAL 1.0%
Centene Corp 4.625% Dec 15, 2029 1.0%
Cloud Software Group Inc 9.000% Sep 30, 2029 1.0%
SV RNO Property Owner 1 LLC 5.875% Mar 01, 2031 1.0%
Yinson Bergenia Production BV 8.498% Jan 31, 2045 1.0%
Samarco Mineracao SA 9.500% Jun 30, 2031 0.9%
1261229 BC Ltd 10.000% Apr 15, 2032 0.9%
Barclays PLC 8.500% PERPETUAL 0.8%
Total % of Top 10 Holdings 10.6%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
-0.2 1.2 1.8 4.4 7.7 2.9 - 2.9 Fund

Distribution ($)/unit

YTD* 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Total distributions 0.11 0.51 0.53 0.48 0.44 0.82 --- --- --- --- ---
Interest --- 0.51 0.53 0.48 0.44 0.82 --- --- --- --- ---
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign taxes paid --- --- --- --- --- --- --- --- --- --- ---
Capital gains --- --- --- --- --- --- --- --- --- --- ---
Return of capital --- --- --- --- --- --- --- --- --- --- ---

* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.