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Russell Investments Fixed Income Pool Series B

Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$9.89
Change
-$0.03 (-0.34%)

As at March 31, 2024

As at November 30, 2023

Period
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Legend

Russell Investments Fixed Income Pool Series B

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Fund Returns

Inception Return (January 31, 2001): 3.55%

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% -1.20% 6.62% -1.20% 1.33% -1.18% -2.42% -0.71% -0.33% 0.34% 0.36% 0.48% 0.40% 1.06%
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 360 / 625 463 / 621 447 / 616 463 / 621 508 / 604 542 / 586 484 / 560 324 / 531 379 / 495 360 / 457 325 / 422 308 / 384 267 / 347 251 / 320
Quartile Ranking 3 3 3 3 4 4 4 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.88% -1.68% 0.12% -1.03% -0.46% -2.85% -0.18% 4.37% 3.59% -1.34% -0.37% 0.52%
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

4.54% (April 2020)

Worst Monthly Return Since Inception

-3.85% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.55% 1.49% 1.42% 1.66% -0.15% 6.09% 8.25% -2.57% -12.55% 5.56%
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 4 4 3 3 4 3 3 2 4 4
Category Rank 246/ 312 280/ 343 246/ 375 274/ 420 372/ 446 302/ 492 318/ 522 257/ 553 461/ 582 526/ 598

Best Calendar Return (Last 10 years)

8.25% (2020)

Worst Calendar Return (Last 10 years)

-12.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 52.48
Canadian Corporate Bonds 31.34
Cash and Equivalents 6.20
Foreign Corporate Bonds 4.69
Mortgages 2.95
Other 2.34

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.65
Cash and Cash Equivalent 6.21
Real Estate 0.09
Financial Services 0.07
Energy 0.05
Other -0.07

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.06
Multi-National 1.17
Latin America 0.71
Asia 0.06
Europe 0.05
Other -0.05

Top Holdings

Top Holdings
Name Percent
Canada Government 1.75% 01-Dec-2053 4.67
Ontario Province 3.65% 02-Jun-2033 3.51
Canada Government 3.50% 01-Mar-2028 2.28
Canada Housing Trust No 1 2.65% 15-Dec-2028 2.12
Canada Government 2.00% 01-Jun-2032 2.10
Canada Government 1.00% 01-Jun-2027 1.79
Canada Government 2.00% 01-Dec-2051 1.35
Quebec Province 3.50% 01-Dec-2045 1.35
Canada Government 2.75% 01-Jun-2033 1.20
RICL CAD CASH MGT FND SERIES O 1.14

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 Fixed Income Pool Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.83% 6.41% 5.07%
Beta 1.02% 1.01% 0.95%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.98% 0.96% 0.95%
Sharpe -0.71% -0.32% -0.04%
Sortino -0.98% -0.65% -0.48%
Treynor -0.05% -0.02% 0.00%
Tax Efficiency - - 18.78%
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 7.16% 6.83% 6.41% 5.07%
Beta 1.04% 1.02% 1.01% 0.95%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.96% 0.95%
Sharpe -0.44% -0.71% -0.32% -0.04%
Sortino -0.33% -0.98% -0.65% -0.48%
Treynor -0.03% -0.05% -0.02% 0.00%
Tax Efficiency - - - 18.78%

Fund Details

Start Date January 31, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $265

Fund Codes

FundServ Code Load Code Sales Status
FRC551
FRC593
FRC598

Investment Objectives

The Fund’s investment objective is to provide effective diversification against equities and a stable level of cash flow by investing principally in fixed income securities of Canadian issuers that are rated by DBRS Morningstar as BBB or higher or that are, in the opinion of the money manager, equivalent to such rating. The investment objective cannot be changed unless unitholders of the Fund approve the change at a meeting.

Investment Strategy

This Fund invests primarily in 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 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. 10-29-2008
Beutel Goodman & Company Ltd. 10-29-2008
Western Asset Management Company 01-16-2020
Russell Investments Canada Limited 01-16-2020
Leith Wheeler Investment Counsel Ltd. 01-16-2020

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 Yes
PAC Initial Investment 0
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 1.43%
Management Fee 1.25%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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