RBC Global Asset Management Launches Two New Fixed Income Strategies

MINNEAPOLIS, Nov. 1, 2021 /PRNewswire/ - RBC Global Asset Management (U.S.) Inc. ("RBC GAM") today announced the launch of the RBC BlueBay Core Plus Bond Fund and RBC BlueBay Strategic Income Fund for U.S. institutional and intermediary investors.

The RBC BlueBay Core Plus Bond Fund and RBC BlueBay Strategic Income Fund are the two latest funds to be offered as part of BlueBay's global fixed income investment platform, which comprises approximately 132 investment professionals managing in excess of $127 billion USD in assets under management (AUM) across all areas of the global fixed income markets.

These two funds will be actively managed by Andrzej Skiba, Head of U.S. Fixed Income at RBC GAM; Brian Svendahl, Senior Portfolio Manager at RBC GAM; and Brandon Swensen, Senior Portfolio Manager at RBC GAM. Both funds fully integrate environmental, social, and governance ("ESG") principles into their investment process.

The RBC BlueBay Core Plus Bond Fund invests primarily in U.S. domestic investment grade bonds and seeks to provide a consistent level of total return through a diversified portfolio of bonds primarily denominated in U.S. dollars. The Fund will be managed relative to the Bloomberg US Aggregate Bond Index.

The RBC BlueBay Strategic Income Fund invests primarily in U.S. domestic investment grade bonds, but will be allowed to invest flexibly across sectors, including non-U.S. and non-investment grade securities, and will use exchange-traded derivatives to manage interest rate risk as well. This Fund seeks to maximize total return through a flexible fixed income strategy that is not managed to a benchmark and has broad latitude to manage sector, currency and duration exposure.

"We are very excited to launch these two new U.S. fixed income strategies and further expand the breadth of our fixed income platform in the U.S. market," said Skiba. "These two new funds draw on the expertise of our U.S. fixed income team in Stamford and Minneapolis and they aim to deliver best-in-class outcomes to our clients."

With this latest addition to its fund lineup, RBC GAM continues to tailor its solution set to the U.S. market, focusing on the needs of institutional investors, intermediaries and registered investment advisors. The two new funds will leverage the full breadth of alpha sources across the BlueBay investment platform and will seek to benefit from the ESG expertise on the investment team and market-leading technology that has been developed at BlueBay.

The RBC BlueBay Core Plus Bond Fund and the RBC BlueBay Strategic Income Fund are available in Class I, Class A, and Class R6 shares. The identifiers for the shares are listed below.

More information about RBC GAM's U.S. mutual funds can be found at https://us.rbcgam.com/mutual-funds/default.fs.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes RBC Global Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited, RBC Global Asset Management (Asia) Limited, and BlueBay Asset Management LLP, which are separate, but affiliated subsidiaries of RBC. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $470 billion USD in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

About BlueBay Asset Management (BlueBay)
BlueBay, a wholly-owned subsidiary of RBC Global Asset Management, is a global specialist fixed income manager investing in traditional and alternative fixed income products for institutional and private clients. BlueBay has over $75 billion USD in assets under management, deployed in both public and private markets, with an established track record of performance and innovation across the fixed income spectrum.

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SOURCE RBC Global Asset Management (U.S.)