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Key documents
Overview
The BlueBay Global High Yield ESG Bond Fund is designed to invest in high yield bonds globally, combined with environmental, social and governance (ESG) criteria.1
Sustainability-related disclosure
The Fund’s benchmark (ICE BofA Merrill Lynch Global High Yield Investment Grade Countries Index) does not implement any of the ESG specific considerations which apply to the fund and is therefore used for performance comparison only.
Fund specific risks
- At times, the market for high yield bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in high yield bonds offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a greater risk that the organisation which issued the bond will fail, which would result in a loss of income to the fund along with its initial investment
- RBC BlueBay's ESG analysis can rely on input from external providers. Such data may be inaccurate or incomplete or unavailable and RBC BlueBay could assess the ESG risks of securities held incorrectly
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
1. Certain investment strategies, asset classes, exposure and security types do not integrate ESG factors, including but not limited to money market, buy-and maintain, passive, and certain third-party sub-advised strategies or certain currency or derivative instruments. Different strategies that integrate ESG factors will be at varying stages of implementation. Please read a fund's prospectus or offering memorandum for further details.
ESG investing: our approach
RBC BlueBay believes that ESG factors can potentially have a material impact on an issuer’s long-term financial performance. Given the limited upside (and potentially significant downside) of fixed income investments, the focus of our ESG analysis is on understanding downside risks.
Investment approach
An actively-managed, long-only strategy
A deep, fundamental research-orientated approach which focuses on bottom-up security selection and has capital preservation at its core
Explicitly and proactively incorporating ESG considerations into credit and risk analysis
Utilises negative and norms based screening, full integration into credit analysis process and ongoing corporate engagement to achieve ESG goals
Top down macro inputs help inform regional allocations, thematic credit strategies and overall beta within the portfolio
RBC BlueBay 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 our funds. We have been a UN-PRI signatory since 2013
Tim Leary
BlueBay Senior Portfolio Manager, Leveraged Finance
Tim joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in January 2012 and is a BlueBay Senior Portfolio Manager across several global leveraged finance and ESG strategies based in the Stamford, Connecticut, office. Tim joined BlueBay as Head of Trading, North America within the Global Leveraged Finance Group, before being promoted to portfolio manager in January 2017. Prior to BlueBay he was a director in high yield and distressed credit trading at the Royal Bank of Scotland. Before joining RBS, Tim spent three years as an analyst on the leveraged loan trading desk at Bear, Stearns & Co. Tim holds a BS in Business Administration with Finance concentration from Fordham University.
Andrzej Skiba
Head of US Fixed Income, BlueBay Senior Portfolio Manager
Andrzej joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in February 2005 and, following the alignment of BlueBay's US business with RBC GAM-US in November 2021, is responsible for the US fixed income investment team based in Minneapolis (MN) and Stamford (CT). In 2013, Andrzej moved to the US from London to oversee the buildout of global investment grade capability. This followed a period from 2009, where he was a BlueBay portfolio manager responsible for corporate investments within BlueBay's IG strategies. Andrzej spent his first four years at BlueBay as a credit analyst covering the TMT, utilities and retail sectors for the Investment Grade team. Prior to BlueBay, Andrzej worked for Goldman Sachs as a credit analyst covering European investment grade telecom, media and utility sectors. Andrzej holds a BSc (Hons) in Management and International Business Economics from UMIST and is a CFA charterholder.