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RBC Monthly Income Fund Series A

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2012

Click for more information on Fundata’s FundGrade

NAVPS
(05-24-2024)
$14.77
Change
$0.04 (0.26%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

RBC Monthly Income Fund Series A

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Fund Returns

Inception Return (August 18, 1997): 6.15%

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 -2.16% 0.64% 9.71% 0.32% 3.30% 2.43% 2.67% 5.10% 3.91% 4.58% 3.92% 4.65% 3.90% 4.21%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 357 / 448 400 / 442 368 / 442 425 / 442 383 / 431 348 / 418 256 / 389 319 / 378 266 / 368 214 / 361 200 / 346 220 / 333 192 / 299 186 / 287
Quartile Ranking 4 4 4 4 4 4 3 4 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.13% 1.56% 0.36% -0.89% -2.70% -1.12% 5.40% 3.76% -0.32% 1.08% 1.77% -2.16%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

5.93% (November 2020)

Worst Monthly Return Since Inception

-8.46% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.97% -3.35% 11.66% 5.30% -3.20% 12.54% 5.33% 11.83% -7.86% 7.79%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 2 4 1 3 2 3 3 3 2 3
Category Rank 130/ 286 248/ 299 79/ 331 238/ 344 115/ 355 268/ 365 250/ 374 225/ 389 200/ 409 310/ 429

Best Calendar Return (Last 10 years)

12.54% (2019)

Worst Calendar Return (Last 10 years)

-7.86% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 38.16
Canadian Government Bonds 28.95
Canadian Corporate Bonds 21.38
US Equity 5.95
Cash and Equivalents 3.47
Other 2.09

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 50.66
Financial Services 15.97
Energy 7.14
Industrial Services 5.50
Consumer Services 3.48
Other 17.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.32
Latin America 0.67
Europe 0.19
Other -0.18

Top Holdings

Top Holdings
Name Percent
RBC U.S. Dividend Fund Series O 6.51
Royal Bank of Canada 2.95
Toronto-Dominion Bank 2.15
Canadian Pacific Kansas City Ltd 1.67
Brookfield Corp Cl A 1.54
Enbridge Inc 1.52
Canadian National Railway Co 1.52
Bank of Montreal 1.49
Canadian Natural Resources Ltd 1.31
Canada Government 2.00% 01-Dec-2051 1.24

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC Monthly Income Fund Series A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.66% 8.85% 7.07%
Beta 0.90% 0.85% 0.85%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.98% 0.97% 0.96%
Sharpe 0.03% 0.25% 0.42%
Sortino 0.00% 0.20% 0.28%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 38.42% 60.31% 64.22%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.92% 8.66% 8.85% 7.07%
Beta 0.91% 0.90% 0.85% 0.85%
Alpha -0.01% 0.00% 0.00% 0.00%
Rsquared 0.99% 0.98% 0.97% 0.96%
Sharpe -0.13% 0.03% 0.25% 0.42%
Sortino 0.11% 0.00% 0.20% 0.28%
Treynor -0.01% 0.00% 0.03% 0.04%
Tax Efficiency 53.60% 38.42% 60.31% 64.22%

Fund Details

Start Date August 18, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $5,987

Fund Codes

FundServ Code Load Code Sales Status
RBF448

Investment Objectives

To provide as high a regular monthly income as possible. To provide relatively tax efficient distributions consisting of dividend income, interest income and capital gains. To provide the potential for modest capital growth. The fund invests primarily in higher yielding Canadian fixed-income securities such as government and corporate bonds, debentures, notes and preferred shares. The fund may also invest in common shares, income trusts and similar high-yielding investments.

Investment Strategy

The monthly distribution is reviewed and established at the beginning of each calendar year based on the market outlook. The monthly distribution may be adjusted during the year if required, as capital market conditions change.

Portfolio Manager(s)

Name Start Date
Irene Fernando 01-01-2007
Suzanne Michele Gaynor 03-03-2008
Sarah Neilson 01-01-2016

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 1.16%
Management Fee 1.00%
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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