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RBC Canadian Short-Term Income Fund Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-11-2024)
$10.51
Change
-$0.01 (-0.13%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

RBC Canadian Short-Term Income Fund Series A

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Fund Returns

Inception Return (January 27, 1992): 3.43%

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 0.56% 1.50% 4.13% 4.85% 6.50% 4.77% 1.64% 0.70% 1.46% 1.77% 1.45% 1.24% 1.20% 1.18%
Benchmark 0.48% 1.44% 4.29% 5.23% 6.79% 5.10% 2.06% 1.30% 1.98% 2.31% 2.07% 1.89% 1.84% 1.88%
Category Average 0.57% 1.44% 3.96% 4.94% 6.64% 4.84% 1.79% 1.14% 1.69% 1.97% 1.68% 1.54% 1.49% 1.37%
Category Rank 190 / 325 212 / 322 186 / 313 214 / 280 193 / 280 189 / 261 185 / 247 193 / 234 181 / 228 168 / 217 162 / 202 151 / 183 147 / 178 132 / 165
Quartile Ranking 3 3 3 4 3 3 3 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 1.57% -0.16% 0.05% 0.44% -0.45% 0.83% 0.68% 1.46% 0.43% 1.30% -0.36% 0.56%
Benchmark 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48%

Best Monthly Return Since Inception

3.21% (November 1993)

Worst Monthly Return Since Inception

-3.00% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.09% 1.38% 0.31% -0.62% 0.80% 2.37% 4.99% -1.97% -4.77% 4.84%
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 4 4 3 4 2 4 3 3
Category Rank 94/ 145 92/ 165 146/ 178 157/ 183 133/ 203 173/ 218 103/ 228 226/ 234 167/ 248 153/ 261

Best Calendar Return (Last 10 years)

4.99% (2020)

Worst Calendar Return (Last 10 years)

-4.77% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 47.94
Canadian Government Bonds 41.23
Cash and Equivalents 10.01
Mortgages 0.42
Canadian Bonds - Other 0.40

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.99
Cash and Cash Equivalent 10.00
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 3.50% 01-Mar-2028 3.06
Canada Government 3.25% 01-Sep-2028 3.03
Canada Government 1.25% 01-Mar-2027 2.65
Ontario Province 2.60% 02-Jun-2027 2.62
Canada Government 3.50% 01-Sep-2029 2.08
Ontario Province 2.40% 02-Jun-2026 1.98
Quebec Province 2.50% 01-Sep-2026 1.86
Canada Government 2.75% 01-Sep-2027 1.72
Canada Government 4.00% 01-Mar-2029 1.60
Ontario Province 1.05% 08-Sep-2027 1.60

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC Canadian Short-Term Income Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.03% 2.68% 2.13%
Beta 1.05% 1.08% 1.05%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.98% 0.97% 0.97%
Sharpe -0.62% -0.30% -0.20%
Sortino -0.56% -0.72% -1.03%
Treynor -0.02% -0.01% 0.00%
Tax Efficiency 56.23% 57.26% 49.14%
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 2.37% 3.03% 2.68% 2.13%
Beta 1.06% 1.05% 1.08% 1.05%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.97% 0.97%
Sharpe 0.77% -0.62% -0.30% -0.20%
Sortino 3.23% -0.56% -0.72% -1.03%
Treynor 0.02% -0.02% -0.01% 0.00%
Tax Efficiency 86.30% 56.23% 57.26% 49.14%

Fund Details

Start Date January 27, 1992
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $7,183

Fund Codes

FundServ Code Load Code Sales Status
RBF264

Investment Objectives

The objective of the fund is to provide a competitive level of monthly income by investing in short-term fixed-income assets. The fund invests primarily in short-term, high-quality fixed-income securities issued or guaranteed by Canadian federal, provincial or municipal governments and corporations, asset-backed securities and corporate bonds.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: selects maturities based on both economic fundamentals and capital market developments; invests the portion of the fund allocated to corporate bonds in securities with an average rating of A or higher by DBRS Ltd. or the equivalent rating as defined by other recognized rating agencies.

Portfolio Manager(s)

Name Start Date
Walter Posiewko 07-19-2000

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.04%
Management Fee 0.90%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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