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

Global Corp Fixed Income

NAVPS
(01-22-2025)
$9.44
Change
-$0.01 (-0.06%)

As at December 31, 2024

As at November 30, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

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

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Fund Returns

Inception Return (January 29, 2018): 1.35%

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 -0.19% -0.56% 2.72% 4.19% 4.19% 4.99% 1.06% 0.36% 0.90% 1.79% - - - -
Benchmark -1.98% -4.05% 2.04% 1.23% 1.23% 5.27% -2.63% -2.71% -0.23% 1.63% 0.88% 1.89% 2.15% 1.55%
Category Average -0.43% -0.04% 4.03% 5.63% 5.63% 6.62% 0.56% 0.56% 1.80% 2.97% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -2.6595 to 2.4396.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.40% -0.45% 0.90% -0.99% 1.02% 0.56% 1.43% 0.95% 0.87% -0.93% 0.57% -0.19%
Benchmark -0.47% -1.34% 1.10% -2.20% 1.84% 0.33% 2.44% 1.94% 1.83% -2.66% 0.56% -1.98%

Best Monthly Return Since Inception

3.33% (April 2020)

Worst Monthly Return Since Inception

-5.24% (March 2020)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -16.68763 to 11.44273.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 6.33% 3.10% -1.70% -6.37% 5.79% 4.19%
Benchmark -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48% 1.23%
Category Average - - - - 9.03% 6.89% 0.56% -10.54% 7.62% 5.63%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

6.33% (2019)

Worst Calendar Return (Last 10 years)

-6.37% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 76.33
Foreign Government Bonds 8.38
Cash and Equivalents 8.10
US Equity 7.18
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 84.70
Cash and Cash Equivalent 8.09
Financial Services 7.19
Other 0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.14
Europe 0.35
Other 0.51

Top Holdings

Top Holdings
Name Percent
RBC Short Term U.S. Corporate Bond ETF U$ (RUSB.U) 99.77
National Bank of Canada UTD 4.820% Oct 01, 2024 1.31
US Dollar -1.09

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 3.4581 to 12.1266.
The chart has 1 Y axis displaying Return. Data ranges from -5.57349 to 6.862981.
End of interactive chart.

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

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 3.80% 4.20% -
Beta 0.46% 0.40% -
Alpha 0.00% 0.00% -
Rsquared 0.69% 0.42% -
Sharpe -0.66% -0.32% -
Sortino -0.62% -0.58% -
Treynor -0.05% -0.03% -
Tax Efficiency 1.92% - -
Volatility 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.76% 3.80% 4.20% -
Beta 0.45% 0.46% 0.40% -
Alpha 0.00% 0.00% 0.00% -
Rsquared 0.39% 0.69% 0.42% -
Sharpe -0.08% -0.66% -0.32% -
Sortino 0.61% -0.62% -0.58% -
Treynor -0.01% -0.05% -0.03% -
Tax Efficiency 71.09% 1.92% - -

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) $170

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 0.99%
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) -

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