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Russell Investments Canadian Fixed Income Fund Series O

Canadian Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020, 2019

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NAVPS
(04-19-2024)
$105.82
Change
$0.14 (0.13%)

As at March 31, 2024

As at November 30, 2023

Period
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Legend

Russell Investments Canadian Fixed Income Fund Series O

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Fund Returns

Inception Return (August 14, 2000): 4.79%

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 0.60% -1.12% 7.34% -1.12% 2.55% 0.29% -1.24% 0.15% 0.85% 1.61% 1.62% 1.72% 1.65% 2.32%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 159 / 625 416 / 621 198 / 616 416 / 621 255 / 604 179 / 586 149 / 560 136 / 531 81 / 495 60 / 457 50 / 422 47 / 384 44 / 347 43 / 320
Quartile Ranking 2 3 2 3 2 2 2 2 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.05% -1.67% 0.07% -0.95% -0.26% -2.75% 0.09% 4.51% 3.77% -1.34% -0.37% 0.60%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

4.51% (November 2023)

Worst Monthly Return Since Inception

-3.44% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.70% 3.07% 2.53% 2.81% 1.53% 7.31% 10.16% -1.98% -11.45% 7.03%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 2 1 1 1 1 1 1 1 2 2
Category Rank 134/ 312 74/ 343 89/ 375 66/ 420 54/ 446 88/ 492 42/ 522 126/ 553 188/ 582 167/ 598

Best Calendar Return (Last 10 years)

10.16% (2020)

Worst Calendar Return (Last 10 years)

-11.45% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 54.43
Canadian Corporate Bonds 33.48
Cash and Equivalents 4.52
Mortgages 3.02
Foreign Corporate Bonds 2.55
Other 2.00

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.47
Cash and Cash Equivalent 4.53
Financial Services 0.01
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.36
Multi-National 0.32
Latin America 0.18
Asia 0.11
Europe 0.03

Top Holdings

Top Holdings
Name Percent
Canada Government 1.75% 01-Dec-2053 4.15
Ontario Province 3.65% 02-Jun-2033 3.64
RICL CAD CASH MGT FND SERIES O 2.74
Canada Government 3.50% 01-Mar-2028 2.38
Canada Housing Trust No 1 2.65% 15-Dec-2028 2.10
Canada Government 2.00% 01-Jun-2032 1.78
Quebec Province 3.50% 01-Dec-2045 1.57
Canada Government 0.25% 01-Mar-2026 1.36
407 International Inc 7.13% 26-Jul-2040 1.34
Canada Government 2.75% 01-Jun-2033 1.29

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Russell Investments Canadian Fixed Income Fund Series O

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.04% 6.49% 5.15%
Beta 1.06% 1.04% 0.97%
Alpha 0.00% 0.01% 0.00%
Rsquared 0.99% 0.98% 0.97%
Sharpe -0.51% -0.13% 0.20%
Sortino -0.76% -0.42% -0.16%
Treynor -0.03% -0.01% 0.01%
Tax Efficiency - - 41.89%
Volatility Volatility rating is 3 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.29% 7.04% 6.49% 5.15%
Beta 1.06% 1.06% 1.04% 0.97%
Alpha 0.01% 0.00% 0.01% 0.00%
Rsquared 1.00% 0.99% 0.98% 0.97%
Sharpe -0.27% -0.51% -0.13% 0.20%
Sortino -0.06% -0.76% -0.42% -0.16%
Treynor -0.02% -0.03% -0.01% 0.01%
Tax Efficiency 46.95% - - 41.89%

Fund Details

Start Date August 14, 2000
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $652

Fund Codes

FundServ Code Load Code Sales Status
FRC012
FRC322

Investment Objectives

The Fund’s objective is to provide a stable level of cash flow by investing principally in fixed income securities of Canadian issuers. The investment objective cannot be changed unless unitholders of the Fund approve the change at a meeting.

Investment Strategy

Investment styles this Fund may use include interest rate management, currency management sector selection, security selection and global management. The Fund may invest up to 30% 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
Canso Investment Counsel Ltd. 07-31-2008
Russell Investments Canada Limited 06-22-2020
Beutel Goodman & Company Ltd. 06-22-2020
Leith Wheeler Investment Counsel Ltd. 06-22-2020
Western Asset Management Company 06-22-2020

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 No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.08%
Management Fee 0.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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