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RBC $U.S. Short-Term Government Bond Fund A
Global Fixed Income
|
NAVPS (06-17-2026) |
$9.39 |
|---|---|
| Change |
-$0.03
(-0.34%)
|
As at May 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (January 22, 2021): 0.63%
| 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 | -0.10% | -0.84% | 0.20% | 0.06% | 2.65% | 3.90% | 3.27% | 2.26% | 0.71% | - | - | - | - | - |
| Benchmark | 0.21% | -1.87% | 0.15% | 0.17% | 2.85% | 5.53% | 3.30% | 1.25% | -1.92% | -1.10% | -0.12% | 0.31% | 0.45% | 0.47% |
| Category Average | 0.60% | -1.20% | -0.32% | 0.32% | 2.69% | 3.61% | 3.21% | 2.14% | 0.13% | 0.39% | 0.87% | 1.26% | 0.98% | 1.24% |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.70% | -0.21% | 0.97% | 0.18% | 0.31% | 0.47% | 0.14% | 0.17% | 0.74% | -0.80% | 0.06% | -0.10% |
| Benchmark | 1.94% | -1.52% | 1.51% | 0.78% | -0.29% | 0.28% | -0.03% | 0.97% | 1.10% | -3.11% | 1.06% | 0.21% |
Best Monthly Return Since Inception
1.57% (March 2023)
Worst Monthly Return Since Inception
-1.92% (March 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | -6.04% | 3.57% | 2.69% | 5.01% |
| Benchmark | 2.17% | 6.95% | -1.09% | 6.85% | 8.94% | -5.24% | -16.87% | 5.56% | -2.08% | 8.08% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
5.01% (2025)
Worst Calendar Return (Last 10 years)
-6.04% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 65.20 |
| Mortgages | 25.20 |
| Canadian Corporate Bonds | 8.86 |
| Cash and Equivalents | 0.74 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.26 |
| Cash and Cash Equivalent | 0.74 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.45 |
| Multi-National | 4.55 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 3.75% 30-Jun-2030 | 2.75 |
| United States Treasury 4.00% 28-Feb-2030 | 2.50 |
| United States Treasury 4.00% 31-Jul-2029 | 2.43 |
| United States Treasury 3.88% 30-Apr-2030 | 2.41 |
| United States Treasury 4.88% 31-Oct-2028 | 2.41 |
| United States Treasury Note/Bond 3.500% Feb 28, 2031 | 2.37 |
| United States Treasury 1.00% 31-Jul-2028 | 2.32 |
| United States Treasury 3.88% 30-Nov-2029 | 2.20 |
| United States Treasury 1.25% 30-Sep-2028 | 2.20 |
| United States Treasury 4.00% 31-Jul-2030 | 2.14 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC $U.S. Short-Term Government Bond Fund A
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 2.21% | 2.66% | - |
|---|---|---|---|
| Beta | 0.27 | 0.31 | - |
| Alpha | 0.02 | 0.00 | - |
| Rsquared | 0.38% | 0.50% | - |
| Sharpe | -0.15 | -0.81 | - |
| Sortino | 0.16 | -0.98 | - |
| Treynor | -0.01 | -0.07 | - |
| Tax Efficiency | 67.44% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.65% | 2.21% | 2.66% | - |
| Beta | 0.17 | 0.27 | 0.31 | - |
| Alpha | 0.02 | 0.02 | 0.00 | - |
| Rsquared | 0.20% | 0.38% | 0.50% | - |
| Sharpe | 0.17 | -0.15 | -0.81 | - |
| Sortino | -0.30 | 0.16 | -0.98 | - |
| Treynor | 0.02 | -0.01 | -0.07 | - |
| Tax Efficiency | 42.68% | 67.44% | - | - |
Fund Details
| Start Date | January 22, 2021 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $33 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF339 |
Investment Objectives
> To provide current income by investing in short-term U.S. fixed-income securities. The fund invests primarily in a well-diversified portfolio of short-term fixed-income securities issued or guaranteed by the U.S. Treasury and U.S. government and its agencies. We will not change the fundamental investment objectives of the fund unless we have the consent of a majority of the voting unitholders of the fund to do so.
Investment Strategy
To achieve the fund’s objectives, the portfolio manager: invests primarily in investment grade short-term fixed-income securities issued or guaranteed in the U.S. market by the U.S. Treasury and U.S. government and its agencies, instrumentalities, and U.S. government sponsored enterprises.
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
RBC Global Asset Management (U.S.) Inc.
|
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
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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