RBC BlueBay Total Return Credit Fund announces plans to launch

By Toni Weeks

San Luis Obispo, Calif., July 11 – RBC BlueBay Funds registered its intention to launch a new fixed-income fund, the RBC BlueBay Total Return Credit Fund, according to an N-1A filing with the Securities and Exchange Commission.

The fund will seek to achieve a high level of total return consisting of income and capital appreciation. Under normal circumstances, it will invest at least 80% of its assets in credit-related instruments, which may include bonds, debt securities, convertible bonds and other similar instruments issued by U.S. and non-U.S. public- or private-sector entities, loans and cash equivalents.

The fund will primarily invest in non-investment-grade securities. Investments may be denominated in dollars, currencies of other developed countries and/or currencies of local emerging market countries.

The portfolio management team includes Anthony Robertson, Peter Higgins, Michael Reed, David Dowsett, Nick Shearn, Polina Kurdyavko and Mark Dowding.

There will be no sales load. Management fees and total annual fund operating expenses have not been determined.

The fund will offer class I shares. The ticker symbol has not been set.

The fund's investment adviser is Minneapolis-based RBC Global Asset Management (U.S.) Inc., which is a wholly owned subsidiary of RBC USA Holdco Corp.

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