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Russell Investments Short Term Income Pool Series B

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Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-02-2024) 		$9.17
Change
$0.01 (0.16%)

As at March 31, 2024

As at November 30, 2023

Period
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Legend

Russell Investments Short Term Income Pool Series B

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Fund Returns

Inception Return (June 29, 2012): 1.02%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.52% 0.61% 4.61% 0.61% 4.24% 1.72% -0.06% 0.99% 0.95% 1.11% 0.83% 0.86% 0.75% 0.95%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.46% 4.40% 4.40% 0.54% 3.83% 1.73% 0.15% 1.11% 1.08% 1.27% 1.05% 1.06% 0.92% 1.04%
Category Rank 96 / 322 163 / 289 128 / 287 163 / 289 132 / 272 183 / 262 172 / 245 151 / 236 159 / 227 159 / 211 147 / 196 141 / 183 131 / 171 109 / 155
Quartile Ranking 2 3 2 3 2 3 3 3 3 4 3 4 4 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.49% -0.63% -0.10% 0.15% 0.18% -0.44% 0.28% 1.91% 1.75% 0.06% 0.03% 0.52%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

1.91% (November 2023)

Worst Monthly Return Since Inception

-1.59% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.21% 1.14% 0.64% -0.18% 0.51% 2.28% 4.55% -0.86% -5.39% 5.33%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 3 3 3 4 4 3 2 4 2
Category Rank 90/ 146 97/ 167 127/ 180 136/ 188 163/ 208 179/ 225 131/ 235 114/ 241 226/ 255 109/ 269

Best Calendar Return (Last 10 years)

5.33% (2023)

Worst Calendar Return (Last 10 years)

-5.39% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 50.53
Canadian Government Bonds 32.78
Canadian Bonds - Other 7.89
Cash and Equivalents 5.77
Foreign Corporate Bonds 3.00
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.20
Cash and Cash Equivalent 5.78
Consumer Services 0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.57
Multi-National 1.42
Other 0.01

Top Holdings

Top Holdings
Name Percent
Canada Government 0.25% 01-Mar-2026 15.16
Canada Government 1.00% 01-Jun-2027 8.94
WTH Car Rental ULC 2.78% 20-Jan-2025 7.89
Canada Government 1.25% 01-Jun-2030 6.93
Toyota Credit Canada Inc 2.31% 23-Oct-2024 5.38
Royal Bank of Canada 4.64% 17-Jan-2028 5.23
Morgan Stanley 5.82% 21-Mar-2025 4.56
Pacific Life Global Funding II 0.00% 01-Feb-2027 4.26
Metropolitan Life Globl Fndg I 3.26% 01-Apr-2025 4.06
Heathrow Funding Ltd 3.25% 21-May-2025 3.94

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Russell Investments Short Term Income Pool Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.74% 2.43% 1.89%
Beta 0.99% 0.98% 0.93%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.91% 0.85% 0.86%
Sharpe -0.96% -0.39% -0.22%
Sortino -1.31% -1.02% -1.27%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - 10.64% 28.29%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.66% 2.74% 2.43% 1.89%
Beta 0.98% 0.99% 0.98% 0.93%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.91% 0.91% 0.85% 0.86%
Sharpe -0.21% -0.96% -0.39% -0.22%
Sortino 0.98% -1.31% -1.02% -1.27%
Treynor -0.01% -0.03% -0.01% 0.00%
Tax Efficiency 61.90% - 10.64% 28.29%

Fund Details

Start Date June 29, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
FRC959
FRC965
FRC966

Investment Objectives

The Fund’s investment objective is to provide a stable level of cash flow by investing principally in short-term, high-quality fixed income securities issued or guaranteed by Canadian federal, provincial or municipal governments or issued by Canadian corporations. The investment objective cannot be changed unless unitholders of the Fund approve the change at a meeting.

Investment Strategy

This Fund invests primarily in shorter maturity Canadian fixed income securities using the following styles: interest rate management, sector selection, security selection, currency management, and global management. The Fund may invest up to 25% of its net assets in foreign fixed income securities. In order to seek to reduce currency risk, the Fund expects to hedge most of the foreign currency risk inherent in foreign currency securities through the use of forward contracts.

Portfolio Manager(s)

Name Start Date
Russell Investments Canada Limited 08-22-2012
Canso Investment Counsel Ltd. 06-22-2020
Leith Wheeler Investment Counsel Ltd. 07-29-2022

Management and Organization

Fund Manager Russell Investments Canada Limited
Advisor Russell Investments Canada Limited
Custodian State Street Trust Company Canada
Registrar International Financial Data Services (Canada) Ltd
Distributor Russell Investments Canada Limited
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.20%
Management Fee 0.95%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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