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Russell Investments Short Term Income Class Series B

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-24-2024)
$8.22
Change
$0.00 (-0.03%)

As at April 30, 2024

As at November 30, 2023

Period
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Legend

Russell Investments Short Term Income Class Series B

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Fund Returns

Inception Return (June 29, 2012): 0.38%

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 -0.48% 0.68% 3.76% 0.62% 2.26% 1.11% -1.14% -0.38% -0.06% 0.22% -0.09% 0.04% 0.02% 0.21%
Benchmark -0.40% 0.18% 3.22% 0.04% 2.81% 2.24% 0.10% 0.48% 1.20% 1.61% 1.27% 1.34% 1.34% 1.52%
Category Average -0.36% 3.58% 3.58% 0.18% 2.98% 2.08% -0.03% 0.63% 0.97% 1.23% 0.97% 1.00% 0.91% 0.98%
Category Rank 262 / 318 98 / 317 106 / 281 106 / 283 234 / 270 246 / 256 232 / 239 220 / 230 218 / 222 201 / 205 188 / 191 172 / 177 160 / 165 145 / 150
Quartile Ranking 4 2 2 2 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.67% -0.13% 0.00% -0.04% -0.65% 0.04% 1.64% 1.46% -0.05% 0.34% 0.82% -0.48%
Benchmark -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40%

Best Monthly Return Since Inception

1.75% (April 2020)

Worst Monthly Return Since Inception

-1.79% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.08% 0.82% 0.29% -0.99% -0.29% 1.62% 3.89% -1.63% -6.16% 3.30%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 3 4 4 4 4 4 4 4 4
Category Rank 91/ 140 111/ 161 143/ 174 175/ 182 188/ 202 206/ 219 174/ 229 201/ 235 235/ 249 251/ 263

Best Calendar Return (Last 10 years)

3.89% (2020)

Worst Calendar Return (Last 10 years)

-6.16% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 50.42
Canadian Government Bonds 32.70
Canadian Bonds - Other 7.87
Cash and Equivalents 5.98
Foreign Corporate Bonds 3.00
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.98
Cash and Cash Equivalent 5.99
Consumer Services 0.02
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.56
Multi-National 1.42
Other 0.02

Top Holdings

Top Holdings
Name Percent
Russell Investments Short Term Income Pool O 99.77
US DOLLAR 0.16
CANADIAN DOLLAR 0.06

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Russell Investments Short Term Income Class Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.73% 2.42% 1.92%
Beta 0.96% 0.96% 0.93%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.88% 0.83% 0.84%
Sharpe -1.41% -0.83% -0.62%
Sortino -1.60% -1.40% -1.56%
Treynor -0.04% -0.02% -0.01%
Tax Efficiency - - 6.47%
Volatility Volatility rating is 1 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.62% 2.73% 2.42% 1.92%
Beta 0.90% 0.96% 0.96% 0.93%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.84% 0.88% 0.83% 0.84%
Sharpe -0.97% -1.41% -0.83% -0.62%
Sortino -0.45% -1.60% -1.40% -1.56%
Treynor -0.03% -0.04% -0.02% -0.01%
Tax Efficiency 100.00% - - 6.47%

Fund Details

Start Date June 29, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $7

Fund Codes

FundServ Code Load Code Sales Status
FRC1839
FRC1840
FRC1841

Investment Objectives

The Fund’s investment objective is to provide a stable level of cash flow. To achieve this investment objective, the Fund will obtain exposure principally to short-term, high-quality fixed income securities issued or guaranteed by Canadian federal, provincial or municipal governments or issued by Canadian corporations. Exposure may be direct or indirect from any combination of holding such fixed income securities, investments in other mutual funds and derivatives.

Investment Strategy

To achieve its objective, the Fund invests in Russell Investments Short Term Income Pool. The Fund may use derivatives from time to time for hedging and non-hedging purposes. The Fund may use derivatives to hedge against changes in the value of the Fund’s investments caused by changes to the exchange rates between the Canadian dollar and other currencies.

Portfolio Manager(s)

Name Start Date
Russell Investments Canada Limited 08-22-2012

Management and Organization

Fund Manager Russell Investments Canada Limited
Advisor Russell Investments Canada Limited
Custodian State Street Trust Company Canada
Registrar International Financial Data Services (Canada) Ltd
Distributor Russell Investments Canada Limited
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 0
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 1.34%
Management Fee 0.95%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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