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RBC $U.S. Short-Term Government Bond Fund A

Global Fixed Income

NAVPS
(06-13-2025)
$9.57
Change
-$0.01 (-0.12%)

As at May 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jul 2021Apr 2022Jan 2023Oct 2023Jul 2024Apr 2025Apr 2…$9,000$9,200$9,400$9,600$9,800$10,000$10,200$10,400$10,600$10,800Period

Legend

RBC $U.S. Short-Term Government Bond Fund A

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Fund Returns

Inception Return (January 22, 2021): 0.17%

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 -0.35% 1.01% 2.16% 2.37% 5.16% 3.59% 2.13% 0.23% - - - - - -
Benchmark -0.61% 2.91% 2.70% 5.27% 8.29% 3.53% 0.72% -3.07% -1.87% -0.61% -0.05% 0.16% 0.21% 0.73%
Category Average -0.48% -0.75% 0.04% 1.27% 4.51% 3.46% 1.95% -0.51% -0.07% 0.56% 1.05% 0.77% 1.08% 1.20%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.60% 1.39% 0.87% 0.82% -1.13% 0.37% -0.20% 0.42% 0.91% 0.47% 0.89% -0.35%
Benchmark 1.57% 2.90% 2.28% 1.65% -3.45% 0.50% -2.44% 0.54% 1.74% 0.62% 2.91% -0.61%

Best Monthly Return Since Inception

1.57% (March 2023)

Worst Monthly Return Since Inception

-1.92% (March 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - -6.04% 3.57% 2.69%
Benchmark -2.75% 2.17% 6.95% -1.09% 6.85% 8.94% -5.24% -16.87% 5.56% -2.08%
Category Average 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33% 2.37%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

3.57% (2023)

Worst Calendar Return (Last 10 years)

-6.04% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 66.33
Mortgages 26.58
Cash and Equivalents 6.31
Foreign Corporate Bonds 0.77
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.68
Cash and Cash Equivalent 6.32

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.01
Multi-National 2.99

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.88% 30-Sep-2029 2.49
United States Treasury 4.00% 31-Jul-2029 2.36
United States Treasury 4.88% 31-Oct-2028 2.36
United States Treasury 1.00% 31-Jul-2028 2.19
United States Treasury 3.88% 30-Nov-2029 2.14
United States Treasury 4.38% 31-Dec-2029 1.97
United States Treasury 3.75% 31-Dec-2028 1.93
United States Treasury 4.38% 31-Aug-2028 1.90
United States Treasury 2.38% 15-May-2027 1.88
United States Treasury 4.38% 30-Nov-2028 1.83

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213141516-10%-5%0%5%10%

RBC $U.S. Short-Term Government Bond Fund A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 2.88% - -
Beta 0.37% - -
Alpha 0.01% - -
Rsquared 0.55% - -
Sharpe -0.63% - -
Sortino -0.38% - -
Treynor -0.05% - -
Tax Efficiency 69.38% - -
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 2.38% 2.88% - -
Beta 0.27% 0.37% - -
Alpha 0.03% 0.01% - -
Rsquared 0.31% 0.55% - -
Sharpe 0.64% -0.63% - -
Sortino 1.31% -0.38% - -
Treynor 0.06% -0.05% - -
Tax Efficiency 80.66% 69.38% - -

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) $36

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.

  • Brian Svendahl

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 1.00%
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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