The fund-of-funds seeks to provide regular income with a potential for modest capital appreciation. It actively invests in units of mutual funds managed by or an affiliate of RBC GAM. These underlying funds hold a diversified portfolio of fixed income securities with any credit quality, maturity, and duration issued by governments and corporations worldwide. The portfolio manager allocates and rebalances the funds assets based on its assessment of the bond markets and each underlying funds ability to support the overall investment objectives. RCOR invests 10% to 20% of its assets in high yield bonds, including corporate debts and emerging markets sovereign bonds. The fund may use derivatives for hedging and non-hedging purposes.
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