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RBC Canadian Short-Term Income Fund Series A
Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-17-2026) |
$10.56 |
|---|---|
| Change |
-$0.02
(-0.17%)
|
As at May 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (January 27, 1992): 3.40%
| 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 | 0.68% | -0.22% | 0.47% | 0.78% | 2.38% | 4.23% | 4.26% | 3.35% | 1.56% | 1.44% | 1.70% | 1.89% | 1.49% | 1.42% |
| Benchmark | 0.74% | -0.10% | 0.81% | 1.09% | 2.98% | 4.83% | 4.74% | 3.70% | 2.12% | 2.00% | 2.27% | 2.49% | 2.13% | 2.08% |
| Category Average | 0.61% | -0.08% | 0.69% | 0.88% | 2.52% | 4.16% | 4.27% | 3.31% | 1.75% | 1.86% | 1.93% | 2.04% | 1.74% | 1.69% |
| Category Rank | 148 / 302 | 261 / 297 | 254 / 292 | 243 / 293 | 216 / 271 | 163 / 243 | 144 / 214 | 140 / 203 | 145 / 191 | 147 / 180 | 131 / 173 | 121 / 167 | 121 / 158 | 111 / 144 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.25% | -0.08% | 0.51% | 0.77% | 0.33% | 0.10% | -0.31% | 0.41% | 0.59% | -0.95% | 0.05% | 0.68% |
| Benchmark | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% |
Best Monthly Return Since Inception
3.21% (November 1993)
Worst Monthly Return Since Inception
-3.00% (March 1994)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.31% | -0.62% | 0.80% | 2.37% | 4.99% | -1.97% | -4.77% | 4.84% | 5.17% | 3.21% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 4 | 4 | 3 | 4 | 2 | 4 | 3 | 3 | 3 | 3 |
| Category Rank | 114/ 142 | 123/ 146 | 114/ 162 | 127/ 169 | 83/ 179 | 178/ 185 | 141/ 194 | 116/ 206 | 161/ 224 | 182/ 261 |
Best Calendar Return (Last 10 years)
5.17% (2024)
Worst Calendar Return (Last 10 years)
-4.77% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 49.01 |
| Canadian Corporate Bonds | 48.00 |
| Cash and Equivalents | 1.67 |
| Foreign Government Bonds | 0.51 |
| Canadian Bonds - Other | 0.30 |
| Other | 0.51 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.33 |
| Cash and Cash Equivalent | 1.67 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.49 |
| Other | 0.51 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 2.75% 01-Sep-2030 | 8.05 |
| Canada Government 3.50% 01-Mar-2028 | 4.78 |
| Canada Government 3.25% 01-Sep-2028 | 4.70 |
| Ontario Province 2.95% 08-Sep-2030 | 2.49 |
| Canada Government 1.25% 01-Mar-2027 | 2.37 |
| Canada Housing Trust No 1 2.65% 15-Dec-2028 | 2.22 |
| Ontario Province 2.70% 02-Jun-2029 | 1.77 |
| Canadian Government Bond 2.750% Mar 01, 2031 | 1.71 |
| Canada Government 2.75% 01-Sep-2027 | 1.64 |
| CPPIB Capital Inc 3.35% 02-Dec-2030 | 1.60 |
Equity Style
Fixed Income Style
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 | 2.03% | 2.55% | 2.11% |
|---|---|---|---|
| Beta | 1.03 | 1.04 | 1.05 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.98% | 0.98% | 0.97% |
| Sharpe | 0.31 | -0.52 | -0.22 |
| Sortino | 1.06 | -0.69 | -0.90 |
| Treynor | 0.01 | -0.01 | 0.00 |
| Tax Efficiency | 78.51% | 51.11% | 54.75% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.67% | 2.03% | 2.55% | 2.11% |
| Beta | 0.98 | 1.03 | 1.04 | 1.05 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.98% | 0.98% | 0.97% |
| Sharpe | 0.01 | 0.31 | -0.52 | -0.22 |
| Sortino | -0.46 | 1.06 | -0.69 | -0.90 |
| Treynor | 0.00 | 0.01 | -0.01 | 0.00 |
| Tax Efficiency | 59.27% | 78.51% | 51.11% | 54.75% |
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) | $8,514 |
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 Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Global Asset Management Inc. Royal Bank of Canada RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
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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