Fund Evaluator:
RBC BlueBay Access Cptl Community InvmA (ACASX)
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Best Performing in Government Mortgage-Backed Bond Over the Last Year
| 3.2% | Fidelity Advisor Mortgage Securities Z (FIKUX) |
| 3.1% | Fidelity GNMA (FGMNX) |
| 3.1% | Vanguard Mortgage-Backed Secs Idx Adm (VMBSX) |
| 3.1% | Fidelity Mortgage Securities (FMSFX) |
| 3.0% | Vanguard GNMA Adm (VFIJX) |
Fund Details
RBC BlueBay Access Cptl Community InvmA Overview
RBC BlueBay Access Cptl Community InvmA (ACASX) is an actively managed Taxable Bond Government Mortgage-Backed Bond fund. RBC Global Asset Management. launched the fund in 2009.
The investment seeks to provide current income consistent with the preservation of capital by investing primarily in high quality debt securities and other debt instruments supporting community development. The fund invests primarily in high quality debt securities and other debt instruments supporting low‑ and moderate-income (“LMI”) individuals and communities and underserved areas of the United States. It seeks a return consisting of current income and capital appreciation that is competitive relative to the fund's benchmark index. The fund is non-diversified.
About RBC BlueBay Access Cptl Community InvmA (ACASX)
There are 1 members of the management team with an average tenure of 19.93 years: Brian Svendahl (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Scrtzd MBS ABS CMBS TR USD index with a weighting of 100%. RBC BlueBay Access Cptl Community InvmA has 990 securities in its portfolio. The top 10 holdings constitute 27.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is considered to have an ESG focus with its investment selection and management.
RBC BlueBay Access Cptl Community InvmA is part of the Fixed Income global asset class and is within the Taxable Bond fund group. RBC BlueBay Access Cptl Community InvmA has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 111.3% (111.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). RBC BlueBay Access Cptl Community InvmA has -11.3% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $334 million average for the Government Mortgage-Backed Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACASX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The RBC BlueBay Access Cptl Community InvmA expense ratio is high compared to funds in the Government Mortgage-Backed Bond category. RBC BlueBay Access Cptl Community InvmA has an expense ratio of 0.80%, which is 12% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. RBC BlueBay Access Cptl Community InvmA has a portfolio turnover rate of 109%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 367% for the Government Mortgage-Backed Bond category.
Recently, in the month of August 2026, RBC BlueBay Access Cptl Community InvmA returned 0.4%, which earned it a grade of B, as the Government Mortgage-Backed Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
RBC BlueBay Access Cptl Community InvmA has a trailing yield of 3.54%, which is below the 3.86% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
RBC BlueBay Access Cptl Community InvmA Grades
Year to date, the fund has returned -0.5%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.2% over the past year (grade of C), 3.9% over the past three years (grade of D) and -0.4% per year over the past five years (grade of F) and 0.6% per year over the past 10 years (grade of D).
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ACASX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACASX Return (NAV) | 0.4% | -1.0% | 2.2% | 3.9% | -0.4% | 0.6% |
| ACASX Grade | B | F | C | D | F | D |
| +/- Category | 0.1% | -0.3% | 0.1% | -0.2% | -0.6% | -0.4% |
| Government Mortgage-Backed Bond Avg | 0.3% | -0.7% | 2.0% | 4.1% | 0.2% | 1.0% |
| ACASX Tax Cost Ratio | na | na | 1.4% | 1.4% | 1.2% | 1.0% |
ACASX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACASX Return (NAV) | -0.5% | 7.6% | 0.8% | 4.5% | -12.1% | -1.4% | 3.5% | 5.7% | -0.4% | 1.3% | 1.4% |
| ACASX Grade | D | C | C | C | D | C | D | C | F | C | C |
| +/- Category | -0.4% | 0.0% | -0.4% | 0.1% | -1.6% | 0.1% | -0.9% | 0.5% | -0.8% | -0.0% | 0.1% |
| Government Mortgage-Backed Bond Avg | -0.1% | 7.6% | 1.2% | 4.4% | -10.5% | -1.4% | 4.4% | 5.2% | 0.5% | 1.3% | 1.3% |
| Risk Measures | |
| Standard Deviation: | 6.3% |
| Total Risk Index: | 0.52 - Below Average |
| Category Risk Index: | 1.11 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 1.12 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $800 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 109% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 19.9 years | |||
| Average Tenure: 19.9 years | |||
| Managers (Year): Svendahl Brian (2006) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 990 |
| % in Top 10 Holdings: | 27.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 111.3% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -11.3% |
Purchase Information
| Fund Family: | RBC Global Asset Management. |
| Phone Number: | 800-422-2766 |
| Website: | www.rbcgam.us |
| Status: | Open |
| Inception Date: | January 29, 2009 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 3.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.91% |
| Share Class: | RBC BlueBay Access Cptl Community InvmI |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
