Fund Evaluator:
RBC BlueBay Strategic Income R6 (RBSRX)
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Best Performing in Nontraditional Bond Over the Last Year
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Fund Details
RBC BlueBay Strategic Income R6 Overview
RBC BlueBay Strategic Income R6 (RBSRX) is an actively managed Taxable Bond Nontraditional Bond fund. RBC Global Asset Management. launched the fund in 2021.
The investment seeks to provide total return (capital appreciation and income). The fund invests in fixed income securities. The fixed income securities in which the fund may invest include, but are not limited to, bonds, municipal securities, mortgage-related and asset-backed securities and obligations of U.S. and foreign governments and their agencies. The fund will invest primarily in U.S. domestic investment grade bonds, but will be allowed to invest flexibly across sectors, including non‑US and non‑investment grade securities.
About RBC BlueBay Strategic Income R6 (RBSRX)
There are 3 members of the management team with an average tenure of 3.98 years: Brian Svendahl (2021), Andrzej Skiba (2021), Neil Sun (2024). 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 ICE BofA USD 3M Dep OR CM TR USD index with a weighting of 100%. RBC BlueBay Strategic Income R6 has 306 securities in its portfolio. The top 10 holdings constitute 14.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
RBC BlueBay Strategic Income R6 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. RBC BlueBay Strategic Income R6 has 20.4% 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 3.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.7% (70.3% domestic bond, 20.4% foreign bond and 0.0% convertible bond). RBC BlueBay Strategic Income R6 has 5.6% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $663 million average for the Nontraditional 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.
RBSRX 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 Strategic Income R6 expense ratio is average compared to funds in the Nontraditional Bond category. RBC BlueBay Strategic Income R6 has an expense ratio of 0.59%, which is 58% lower than its category average, making the fund expense ratio grade a A. 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 Strategic Income R6 has a portfolio turnover rate of 806%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 304% for the Nontraditional Bond category.
Recently, in the month of July 2026, RBC BlueBay Strategic Income R6 returned 0.1%, which earned it a grade of B, as the Nontraditional Bond category had an average return of -0.2%. 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 Strategic Income R6 has a trailing yield of 6.14%, which is above the 4.94% category average. The fund normally distributes its income monthly and its capital gains annually.
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 Strategic Income R6 Grades
Year to date, the fund has returned 1.2%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.6% over the past year (grade of B) and 6.9% over the past three years (grade of A).
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RBSRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RBSRX Return (NAV) | 0.1% | 0.5% | 4.6% | 6.9% | na | na |
| RBSRX Grade | B | C | B | A | na | na |
| +/- Category | 0.4% | 0.1% | 0.2% | 1.3% | na | na |
| Nontraditional Bond Avg | -0.2% | 0.4% | 4.4% | 5.6% | 2.5% | 3.1% |
| RBSRX Tax Cost Ratio | na | na | 2.4% | 2.3% | na | na |
RBSRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RBSRX Return (NAV) | 1.2% | 5.6% | 9.4% | 9.8% | 0.1% | na | na | na | na | na | na |
| RBSRX Grade | C | D | A | A | A | na | na | na | na | na | na |
| +/- Category | -0.0% | -1.3% | 3.9% | 3.2% | 6.2% | na | na | na | na | na | na |
| Nontraditional Bond Avg | 1.2% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 2.3% |
| Total Risk Index: | 0.19 - Low |
| Category Risk Index: | 0.64 - Below Average |
| Category Risk Grade: | B (20% Rank) |
| Beta: | 0.22 |
| R-Squared: | 30% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 6.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $87 Mil |
| Fund Total Assets: | $ 13 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 806% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): Svendahl Brian (2021), Skiba Andrzej (2021), Sun Neil (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 306 |
| % in Top 10 Holdings: | 14.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 20.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 3.8% |
| Domestic Bond: | 70.3% |
| Foreign Bond: | 20.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.6% |
Purchase Information
| Fund Family: | RBC Global Asset Management. |
| Phone Number: | 800-422-2766 |
| Website: | www.rbcgam.us |
| Status: | Open |
| Inception Date: | November 1, 2021 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.59% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | RBC BlueBay Strategic Income R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
