Join Fund Library now and get free access to personalized features to help you manage your investments.

RBC $U.S. Short-Term Corporate Bond Fund Series A

Global Corp Fixed Income

NAVPS
(04-19-2024)
$9.25
Change
$0.00 (0.05%)

As at March 31, 2024

As at December 31, 2023

Period
Loading...

Legend

RBC $U.S. Short-Term Corporate Bond Fund Series A

Compare Options


Fund Returns

Inception Return (January 29, 2018): -0.55%

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 0.90% 0.85% 4.54% 0.85% 5.07% 2.03% -0.31% - - - - - - -
Benchmark 1.10% -0.72% 7.87% -0.72% 5.14% -1.05% -2.79% 0.66% 0.74% 0.84% 1.64% 1.59% 1.65% 1.40%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.63% -0.27% -0.29% 0.71% 0.22% -0.49% -0.19% 2.07% 1.75% 0.40% -0.45% 0.90%
Benchmark 1.24% -1.89% 0.77% 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10%

Best Monthly Return Since Inception

2.07% (November 2023)

Worst Monthly Return Since Inception

-2.07% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -1.70% -6.37% 5.79%
Benchmark 3.15% -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

5.79% (2023)

Worst Calendar Return (Last 10 years)

-6.37% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 73.04
Cash and Equivalents 12.71
US Equity 7.82
Foreign Government Bonds 5.86
Canadian Corporate Bonds 0.58
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 79.48
Cash and Cash Equivalent 12.71
Financial Services 7.82
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.01
Other -0.01

Top Holdings

Top Holdings
Name Percent
RBC Short Term U.S. Corporate Bond ETF U$ (RUSB.U) 98.98
Bank of Nova Scotia UTD 5.400% Jan 02, 2024 1.05
US Dollar -0.02

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC $U.S. Short-Term Corporate Bond Fund Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 3.51% - -
Beta 0.38% - -
Alpha 0.00% - -
Rsquared 0.59% - -
Sharpe -0.82% - -
Sortino -1.10% - -
Treynor -0.08% - -
Tax Efficiency - - -
Volatility 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 2.92% 3.51% - -
Beta 0.36% 0.38% - -
Alpha 0.03% 0.00% - -
Rsquared 0.52% 0.59% - -
Sharpe 0.09% -0.82% - -
Sortino 1.49% -1.10% - -
Treynor 0.01% -0.08% - -
Tax Efficiency 80.06% - - -

Fund Details

Start Date January 29, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Monthly
Assets ($mil) $153

Fund Codes

FundServ Code Load Code Sales Status
RBF409

Investment Objectives

> To provide regular monthly income with the potential for modest capital growth. The fund invests primarily in a well-diversified portfolio of short-term fixed-income securities issued in the U.S. market by U.S. and foreign corporations either directly or indirectly through investment in other mutual funds managed by RBC GAM or an affiliate of RBC GAM. We will not change

Investment Strategy

It is currently expected that the fund will invest up to 100% of its assets in units of the RBC Short Term U.S. Corporate Bond ETF (the underlying fund), which is sub-advised by RBC Global Asset Management (U.S.) Inc.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 01-29-2018
James Weinand 02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
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 0.98%
Management Fee 0.85%
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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.