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Ticker: RORIX CUSIP: 74933U480

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Differentiated Approach. An actively managed, multi-sector credit strategy designed to dynamically respond to changing market conditions. The fund leverages a deeply experienced, unified investment team to source compelling total return opportunities across diversified credit sectors, with a focus on public leveraged finance markets and flexibility to invest in lower-rated securitized market segments.

Investment Objective. The fund seeks to achieve a high level of total return consisting of income and capital appreciation.

Investment Approach. Employs a disciplined, research-driven approach combining bottom-up credit analysis with macro-driven allocation decisions. The strategy utilizes:

  • Rigorous fundamental credit research

  • Active management across primary and secondary markets

  • Actively managed sector allocation- not a sleeve

Portfolio Composition

  • Invests at least 80% in credit and credit-related instruments (including high yield bonds, leveraged loans, structured credit, and asset-backed securities)

  • Primarily sub-investment grade

  • Strategic use of derivatives for risk management and portfolio positioning

  • Primarily U.S. dollar-denominated securities

Fund manager(s)

  • Managing Director, Head of U.S. Fixed Income, BlueBay Senior Portfolio Manager, RBC Global Asset Management (U.S.) Inc.
  • BlueBay Senior Portfolio Manager, RBC Global Asset Management (U.S.) Inc.

Fund facts

Expense Ratio:
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Minimum Initial Investment:
$1,000,000
Inception date:
3/30/26
Net fund asset (all share classes):
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Dividend Frequency:
Monthly
NAV:
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Performance

Daily

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1-Day Yields (%) 7-Day Average Yields (%) 30-Day Average Yields (%)
Subsidized Unsubsidized Subsidized Unsubsidized Subsidized Unsubsidized
No data available
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Month End

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Total Returns (%) Average Annual Total Returns (%) 7-Day Yields (%)
MTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Incept. Avg. Effective Avg.* Effective*
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Quarter End

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Total Returns (%) Average Annual Total Returns (%) 7-Day Yields (%)
QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Incept. Avg. Effective Avg.* Effective*
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Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value will flucuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. Performance shown reflects contractual fee waivers. Without such waivers, total returns would be reduced.

Sector allocations

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Sector Weight
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Top 10 Holdings

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Holding Weight
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Disclosure

1The 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 or summary prospectus, which you can find on the Document Library page or request by calling 800.422.2766. Please read the prospectus carefully before investing.


The ICE BofA US High Yield Index tracks the performance of U.S. dollar-denominated below investment grade corporate debt publicly issued in the U.S. domestic market.The Morningstar LSTA US Leveraged Loan Index is a market-value-weighted benchmark tracking the perfomance of the U.S. institutional leveraged loan market.You can not invest directly in an index.

Fund holding and/or sector allocation are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to risk.


Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. Derivatives such as futures, forwards, and swaps involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Collateralized Loan Obligations (CLOs) and structured finance securities present risks similar to those of other types of credit investments, including default (credit), interest rate and prepayment risks. The Fund is new with no operating history. As a result, prospective investors have no track record or history on which to base their investment decisions. These and other risks are described more fully in the prospectus.


Diversification does not assure a profit, nor does it protect against a loss.


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.

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