Ticker: RIAEX CUSIP: 75525V109
Differentiated Approach
An actively managed structured credit fund designed for investors looking to complement existing fixed income in pursuit of the potential for enhanced income and diversification1. The Fund invests primarily in collateralized loan obligations (CLOs) and structured credit securities, combining bottom-up credit analysis with macro-driven allocation decisions to anticipate and respond to market changes and opportunities. Managed by a team deeply experienced in securitized credit and collateralized loan obligations (CLOs), the Fund focuses on the U.S. market with opportunistic investments in European markets.
Investment Objective
The Fund seeks to provide total return primarily consisting of income.
Investment Approach
Rigorous fundamental credit research across primary and secondary markets
Active sector rotation and security selection
Strategic use of derivatives for risk management
Focus on CLO equity/junior debt tranches for enhanced income potential
Opportunistic investments in Agency Backed Securities (ABS), Collateralized-Mortgage-Backed Securities (CMBS), and Residential Mortgage-Backed Securities (RMBS)
Fund manager(s)
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Partner, Head of Securitized Credit and CLO Management, Securitized Credit, BlueBay Asset Management LLP
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BlueBay Portfolio Manager, U.S. Fixed Income, RBC Global Asset Managment (U.S.) Inc.
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Managing Director, Senior Portfolio Manager, BlueBay Fixed Income, Securitized Credit & CLO Management
Fund facts
- Expense Ratio:
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Gross: {{
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: "2.34%"
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Net2:
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fundData.expenseRatioNet != null
? decimal(fundData.expenseRatioNet * 100, 2) + "%"
: "2.34%"
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- Minimum Initial Investment:
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$100,000
- Inception date:
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5/28/26
- Net fund asset (all share classes):
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- Dividend Frequency:
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Monthly
- NAV:
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No data available
Disclosure
1Diversification does not assure a profit, nor does it protect against a loss.
2The Adviser has contractually agreed to waive certain fees and/or pay certain operating expenses until at least {{merRenewalDate}}. Net expense ratios are as of the most recent prospectus (available in the Document Library) and applicable to investors.
Before investing, you should consider carefully a fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus, which you can find on the Document Library page or request by calling 800.422.2766. Please read the prospectus carefully before investing.
Investing in Shares involves a high degree of risk. The Fund should be considered a speculative investment that entails substantial risks, and prospective investors should invest in the Fund only if they can sustain a complete loss of their investment. An investment in the Fund is subject to, among others, the following risks:
There is not expected to be any secondary trading market in the Shares.
Unlike an investor in many closed-end funds, a shareholder should not expect to be able to sell their Shares regardless of how the Fund performs. An investment in the Fund is considered illiquid.
Unlike many closed-end funds, the Shares are not listed on any securities exchange. The Fund intends to provide liquidity through quarterly offers to repurchase a limited amount of the Fund's Shares (at least 5%).
There is no assurance that monthly distributions paid by the Fund will be maintained at a certain level or that dividends will be paid at all.
The Fund's distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Any capital returned to shareholders through distributions will be distributed after payment of fees and expenses.
A return of capital to shareholders is a return of a portion of their original investment in the Fund, thereby reducing the tax basis of their investment. As a result from such reduction in tax basis, shareholders may be subject to tax in connection with the sale of Fund Shares, even if such Shares are sold at a loss relative to the shareholder's original investment.
The Fund is a non-diversified, closed-end management investment company with limited operating history. As such, prospective investors have a limited track record and history on which to base their investment decision in this Fund. The Fund is designed primarily for long-term investors and is not intended to be a trading vehicle. An investor should not invest in the Fund if the investor needs a liquid investment. Closed-end funds differ from open-end management investment companies (commonly known as mutual funds) in that investors in a closed-end fund do not have the right to redeem their shares on a daily basis at a price based on NAV. CLOs and other structured finance securities are generally backed by a pool of credit-related assets that serve as collateral. Accordingly, CLO and structured finance securities present risks similar to those of other types of credit investments, including default (credit), interest rate and prepayment risks. CLO equity and junior debt securities are subject to increased risks of default relative to the holders of superior priority interests in the same CLO. Derivative instruments in which the Fund may invest may be volatile and involve various risks different from, and in certain cases greater than, the risks presented by other instruments.
Perfomance will be shown for RBC BlueBay Enhanced Income Fund when a full quarter of perfomance is available
RBC Global Asset Management (U.S.) Inc. is the adviser for the RBC Funds. The Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.
Not FDIC Insured. No Bank Guarantee. May Lose Value.
