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 Aug 31, 2025

0% 100%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Fixed Income Breakdown
Communication Services0.1%
Corporate Bonds95.3%
ST Investments (Cash & Other)4.7%
Top 10 Holdings
% Assets
Yinson Bergenia Production BV 8.498% Jan 31, 2045 1.1%
CITGO Petroleum Corp 8.375% Jan 15, 2029 1.0%
Edison International 5.000% PERPETUAL 1.0%
1261229 BC Ltd 10.000% Apr 15, 2032 0.9%
Paramount Global 6.375% Mar 30, 2062 0.9%
Samarco Mineracao SA 9.500% Jun 30, 2031 0.9%
Ford Motor Credit Co LLC 6.388% Mar 20, 2028 0.8%
Barclays PLC 8.500% PERPETUAL 0.8%
Kioxia Holdings Corp 6.625% Jul 24, 2033 0.8%
CA Magnum Holdings 5.375% Oct 31, 2026 0.8%
Total % of Top 10 Holdings 9.0%

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
0.8 2.9 4.7 6.0 9.8 - - 2.9 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.36 0.53 0.48 0.44 0.82 --- --- --- --- --- ---
Interest --- 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.