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Canadian Fixed Income
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|
NAVPS (10-16-2024) |
$10.29 |
|---|---|
| Change |
$0.03
(0.28%)
|
As at September 30, 2024
As at September 30, 2024
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Inception Return (January 31, 2001): 3.67%
| 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 | 1.66% | 4.18% | 4.60% | 3.35% | 11.53% | 4.54% | -1.28% | -1.51% | -0.03% | 1.23% | 1.15% | 0.60% | 1.13% | 1.28% |
| Benchmark | 1.82% | 4.54% | 5.56% | 4.21% | 12.78% | 5.31% | -0.07% | -1.04% | 0.55% | 2.05% | 2.01% | 1.33% | 1.88% | 2.23% |
| Category Average | 1.80% | 5.19% | 5.19% | 4.02% | 12.41% | 5.32% | -0.66% | -1.18% | 0.24% | 1.46% | 1.32% | 0.83% | 1.29% | 1.40% |
| Category Rank | 597 / 660 | 578 / 647 | 608 / 635 | 613 / 631 | 551 / 626 | 576 / 605 | 555 / 584 | 453 / 550 | 429 / 519 | 410 / 480 | 378 / 445 | 347 / 419 | 297 / 365 | 278 / 330 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.18% | 4.37% | 3.59% | -1.34% | -0.37% | 0.52% | -2.25% | 1.72% | 0.98% | 2.09% | 0.38% | 1.66% |
| Benchmark | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% |
4.54% (April 2020)
-3.85% (March 2020)
| 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/ 317 | 282/ 347 | 254/ 381 | 279/ 426 | 378/ 452 | 306/ 500 | 329/ 530 | 265/ 561 | 470/ 590 | 535/ 606 |
8.25% (2020)
-12.55% (2022)
| Name | Percent |
|---|---|
| Canadian Government Bonds | 47.45 |
| Canadian Corporate Bonds | 34.94 |
| Cash and Equivalents | 8.25 |
| Canadian Bonds - Other | 5.91 |
| Foreign Corporate Bonds | 3.07 |
| Other | 0.38 |
| Name | Percent |
|---|---|
| Fixed Income | 91.36 |
| Cash and Cash Equivalent | 8.26 |
| Real Estate | 0.18 |
| Energy | 0.16 |
| Consumer Services | 0.03 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| RICL CAD CASH MGT FND SERIES O | 3.94 |
| Ontario Province 4.15% 02-Jun-2034 | 3.76 |
| Canada Government 0.50% 01-Dec-2030 | 2.62 |
| Canada Government 3.00% 01-Jun-2034 | 1.87 |
| Canada Government 3.50% 01-Mar-2028 | 1.79 |
| Canada Government 3.50% 01-Sep-2029 | 1.78 |
| Quebec Province 3.50% 01-Dec-2048 | 1.66 |
| Canada Government 1.75% 01-Dec-2053 | 1.62 |
| Canada Government 3.25% 01-Dec-2033 | 1.60 |
| Canada Government 1.00% 01-Jun-2027 | 1.37 |
Russell Investments Fixed Income Pool Series B
Median
Other - Canadian Fixed Income
| Standard Deviation | 7.17% | 6.60% | 5.19% |
|---|---|---|---|
| Beta | 0.99% | 1.00% | 0.93% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.94% | 0.93% | 0.93% |
| Sharpe | -0.61% | -0.31% | -0.03% |
| Sortino | -0.74% | -0.57% | -0.42% |
| Treynor | -0.04% | -0.02% | 0.00% |
| Tax Efficiency | - | - | 25.71% |
| Volatility |
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|
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| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.61% | 7.17% | 6.60% | 5.19% |
| Beta | 0.91% | 0.99% | 1.00% | 0.93% |
| Alpha | 0.00% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.82% | 0.94% | 0.93% | 0.93% |
| Sharpe | 0.97% | -0.61% | -0.31% | -0.03% |
| Sortino | 2.67% | -0.74% | -0.57% | -0.42% |
| Treynor | 0.07% | -0.04% | -0.02% | 0.00% |
| Tax Efficiency | 85.32% | - | - | 25.71% |
| 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) | $252 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FRC551 | ||
| FRC593 | ||
| FRC598 |
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.
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.
| 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 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 0 |
| PAC Subsequent | 0 |
| SWP Allowed | Yes |
| SWP Min Balance | 0 |
| SWP Min Withdrawal | 0 |
| MER | 1.42% |
|---|---|
| Management Fee | 1.25% |
| Load | Choice of Front or No Load |
| 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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