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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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Products and services of RBC GAM Inc. are only offered in jurisdictions where they may be lawfully offered for sale. The contents of this site do not constitute an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

No information included on this site is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any product or service. The amount of risk associated with any particular investment depends largely on the investor's own circumstances.

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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.

RBC GAM Inc. takes reasonable steps to provide up-to-date, accurate and reliable information, and believes the information to be so when published. Information obtained from third parties is believed to be reliable, but no representation or warranty, express or implied, is made by RBC GAM Inc., its affiliates or any other person as to its accuracy, completeness, reliability or correctness. RBC GAM Inc. assumes no responsibility for any errors or omissions in such information. The views and opinions expressed herein are those of RBC GAM Inc. and are subject to change without notice.

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.

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Strategy overview

The Core Plus strategy invests in a core universe of predominantly USD denominated investment grade rated fixed income securities, but also takes advantage of a global opportunity set in areas such as high yield, loans, emerging market debt as well as other fixed income asset classes to capture alpha.

As part of the execution of the strategy, the management team may employ derivatives to position the portfolio and manage risk. Derivatives used may include, but are not limited to, exchange-traded options, interest rate swaps, bond futures, credit default swaps and currency forwards. No borrowing or financial leverage is permitted.

Our approach

To achieve the portfolio’s investment objectives, the investment process primarily consists of the following elements:

  • Anchored by proprietary fundamental research, the management team employs an active approach, tactically positioning the portfolio to take advantage of near-term opportunities presented by movement in relative valuations.
  • The main performance drivers are term structure, credit alpha, credit beta, and, to a lesser extent active currency positions.
  • The strategy has a bottom-up portfolio construction process that implements the group's strongest conviction ideas, adjusted to reflect the desired top down macro view with regards to duration and spread duration.
  • Based on the specialists conviction ratings across eligible alpha sources, they construct a diversified portfolio to mitigate performance risk associated with individual strategies or single name credit deterioration and default, while maximizing risk-adjusted returns.
  • The BlueBay Fixed Income Team believes that taking into account environmental, social and governance (ESG) factors is an important aspect of the investment process. As such, ESG integration – the systematic review of material ESG investment risks – is applied across all of our strategies.

U.S. fixed income expertise

Our U.S. fixed income capabilities are supported by a well resourced and experienced group of US-based investment professionals, led by Andrzej Skiba, Head of U.S. fixed income. This group includes specialists in Investment Grade, Leveraged Finance, Securitized Credit, Impact Investing and Liquidity Management. 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 U.S. fixed income markets to deliver domestic as well as global portfolio solutions to clients.

Additional information

Inception
November 2021
Primary benchmark
Bloomberg Barclays US Aggregate Bond Index
Vehicle
Separate Account, US Mutual Fund

Portfolio managers

Investment team

Équipe Titres à revenu fixe, BlueBay

Spécialistes des titres à revenu fixe qui offrent des solutions de placement évolutives

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Disclosure

This material provides general information about the investment approach but doesn't fully describe investment objectives, risks, policies, or portfolio management practices. To make an informed decision about engaging RBC Global Asset Management, review the prospectus, offering documents, or investment management agreement, as applicable, for complete details on investment objectives, policies, and guidelines. Investment objectives are not guaranteed, and the investment process may evolve over time. The characteristics described illustrate general criteria our strategy team uses when selecting securities. Client portfolios follow mutually agreed-upon investment guidelines.

RBC Global Asset Management compiled this information from reliable sources, but accuracy cannot be guaranteed. This is not an offer to buy or sell financial instruments, nor an invitation to invest in any RBC Global Asset Management fund, and it does not constitute investment advice or recommendations regarding specific securities or sectors.

Any referenced indices mentioned serve as industry-standard performance benchmarks for their respective regions, sectors, and asset classes, and constitute unmanaged investment portfolios.