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Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$9.96
Change
-$0.06 (-0.63%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC Canadian Bond Index ETF Fund Series A

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Fund Returns

Inception Return (November 15, 1999): 3.59%

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 0.49% -1.51% 0.02% -1.45% 1.38% -0.51% -2.08% -1.35% -0.40% 0.40% 0.45% 0.48% 0.43% 1.28%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 442 / 624 582 / 620 485 / 615 582 / 620 500 / 603 406 / 585 384 / 559 465 / 531 406 / 495 344 / 457 301 / 422 306 / 384 260 / 347 201 / 320
Quartile Ranking 3 4 4 4 4 3 3 4 4 4 3 4 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.81% -1.69% 0.03% -1.32% -0.15% -2.54% 0.02% 4.39% 3.49% -1.51% -0.42% 0.49%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

4.47% (January 2015)

Worst Monthly Return Since Inception

-3.64% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.92% 2.63% 0.89% 1.89% 0.70% 6.07% 7.70% -3.21% -11.98% 5.99%
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 2 2 4 3 2 3 4 4 3 3
Category Rank 107/ 312 134/ 343 317/ 375 220/ 420 198/ 446 306/ 492 430/ 522 438/ 553 321/ 581 446/ 597

Best Calendar Return (Last 10 years)

7.92% (2014)

Worst Calendar Return (Last 10 years)

-11.98% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 73.05
Canadian Corporate Bonds 24.80
Cash and Equivalents 0.98
Foreign Government Bonds 0.90
Canadian Bonds - Other 0.17
Other 0.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 99.00
Cash and Cash Equivalent 0.98
Financial Services 0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.84
Asia 0.17
Other -0.01

Top Holdings

Top Holdings
Name Percent
iShares Core Canadian Universe Bond Idx ETF (XBB) 99.43
National Bank of Canada TD 4.950% Jan 02, 2024 0.71
Canadian Dollar -0.14

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC Canadian Bond Index ETF Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.05% 6.38% 5.25%
Beta 1.06% 1.02% 1.00%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.99%
Sharpe -0.63% -0.33% 0.01%
Sortino -0.89% -0.66% -0.41%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 24.95%
Volatility Volatility rating is 3 on a scale of 1 to 10 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.05% 7.05% 6.38% 5.25%
Beta 1.03% 1.06% 1.02% 1.00%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.98% 0.99%
Sharpe -0.45% -0.63% -0.33% 0.01%
Sortino -0.33% -0.89% -0.66% -0.41%
Treynor -0.03% -0.04% -0.02% 0.00%
Tax Efficiency 30.75% - - 24.95%

Fund Details

Start Date November 15, 1999
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $195

Fund Codes

FundServ Code Load Code Sales Status
RBF700

Investment Objectives

To track the performance of a generally recognized Canadian bond market index. To provide a total return consisting of income and modest capital growth. The fund invests primarily in fixed-income securities such as bonds, debentures and notes issued by Canadian governments and corporations in substantially the same proportion as its benchmark index, either directly or indirectly through investment in other mutual funds.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: manages the fund to track the performance of the FTSE Canada Universe Bond Index (or any successor thereto).

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
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 0.70%
Management Fee 0.59%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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