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Please read the following terms and conditions carefully. By accessing rbcgam.com and any pages thereof (the "site"), you agree to be bound by these terms and conditions as well as any future revisions RBC Global Asset Management Inc. ("RBC GAM Inc.") may make in its discretion. If you do not agree to the terms and conditions below, do not access this website, or any pages thereof. Phillips, Hager & North Investment Management is a division of RBC GAM Inc. PH&N Institutional is the institutional business division of RBC GAM Inc.

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The material on this site has been provided by RBC GAM Inc. for information purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM Inc. It is for general information only and is not, nor does it purport to be, a complete description of the investment solutions and strategies offered by RBC GAM Inc., including RBC Funds, RBC Private Pools, PH&N Funds, RBC Corporate Class Funds and RBC ETFs (the "Funds"). If there is an inconsistency between this document and the respective offering documents, the provisions of the respective offering documents shall prevail.

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About Our Funds

The Funds are offered by RBC GAM Inc. and distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with the Funds. Please read the offering materials for a particular fund before investing. The performance data provided are historical returns, they are not intended to reflect future values of any of the funds or returns on investment in these funds. Further, the performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The unit values of non-money market funds change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual fund securities are not guaranteed by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns.

About RBC Global Asset Management

RBC Global Asset Management is the asset management division of Royal Bank of Canada ("RBC") which includes the following affiliates around the world, all indirect subsidiaries of RBC: RBC GAM Inc. (including Phillips, Hager & North Investment Management and PH&N Institutional), RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited, RBC Global Asset Management (Asia) Limited, BlueBay Asset Management LLP, and BlueBay Asset Management USA LLC.

Forward-Looking Statements

This website may contain forward-looking statements about general economic factors which are not guarantees of future performance. Forward-looking statements involve inherent risk and uncertainties, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution you not to place undue reliance on these statements as a number of important factors could cause actual events or results to differ materially from those expressed or implied in any forward-looking statement. All opinions in forward-looking statements are subject to change without notice and are provided in good faith but without legal responsibility.

Accept Decline

BlueBay is the specialized fixed income team within RBC Global Asset Management. We manage more than $108 billion1 across a full spectrum of active fixed income strategies - all of which are designed to generate alpha with capital preservation mindset.

Sub-asset class specialisms across relative return, total return and alternative investment strategies

Our global leveraged finance specialists are comprised of a large and experienced group of research-oriented investment professionals with experience analyzing credit and investing across multiple credit cycles. This multi-cycle experience is a prerequisite to investing effectively in both rising and falling markets.


Global Investment Grade

The strength of the Global Investment Grade specialists stems from the quality and size of our team – we have a large, well-resourced group of professionals with deep experience and knowledge of developed market economies both on the macro and credit side.


Securitized Credit

We embody an active approach that leverages our expertise in the structural complexities of asset-backed securities. We invest across a range of collateral types, including residential/commercial mortgages, credit cards, and leveraged loans.


Multi-Asset Credit

Multi-asset credit provides the flexibility to be able to capture returns in attractive conditions, while seeking to provide downside protection when markets turn. We believe this investment management strategy represents an attractive asset allocation risk/return profile.

Our expertise across the fixed income spectrum and diverse investment styles mean that we can harness ideas across investment grade, global high yield, structured credit, loans, contingent convertibles (CoCos), convertible bonds and emerging markets.

The overall strategies are managed by BlueBay’s Multi-Asset Decision Group, which comprises a team of senior investment professionals.


Emerging Market Debt

Our strength stems from the quality and size of our team. We have a large, well-resourced team with deep experience and knowledge of emerging market countries from cultural, linguistic and political perspectives. The entire desk is based in London, facilitating fluid communication among the team members.


U.S. Fixed Income

BlueBay’s U.S. Fixed Income capabilities are supported by a group of U.S.-based investment professionals, led by Andrzej Skiba, Head of BlueBay U.S. Fixed Income at RBC GAM. This group includes specialists in the Investment Grade, Leveraged Finance and Structured Credit. As part of an integrated global fixed income team, our U.S. Fixed Income presence enables us to access the breadth of investment opportunities available in US fixed income markets to deliver domestic as well as global portfolio solutions to clients.


Global Convertible Fixed Income

One of the most distinguishing factors of the Global Convertible specialists is the depth and expertise of our members.

Our portfolio managers have a combined 40 years'2 investment experience and our dedicated team of analysts brings a combination of equity, convertible bond and distressed expertise.

A six-stage investment process incorporates our macroeconomic outlook, fundamental company analysis and relative value skills to construct a balanced and diverse portfolio.

1As of 9/30/23
2As of 12/31/22

Our strategies