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Cdn Short Term Fixed Inc
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|
NAVPS (07-25-2024) |
$9.26 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at June 30, 2024
As at June 30, 2024
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Inception Return (June 29, 2012): 1.08%
| 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 | 0.63% | 0.96% | 1.58% | 1.58% | 5.49% | 3.28% | 0.22% | 0.52% | 1.01% | 1.26% | 1.05% | 0.91% | 0.86% | 1.00% |
| Benchmark | 0.79% | 1.25% | 1.70% | 1.70% | 5.74% | 3.40% | 0.69% | 0.68% | 1.40% | 1.82% | 1.62% | 1.45% | 1.45% | 1.64% |
| Category Average | 0.67% | 1.62% | 1.62% | 1.62% | 5.28% | 3.29% | 0.46% | 0.72% | 1.13% | 1.45% | 1.24% | 1.12% | 1.05% | 1.09% |
| Category Rank | 211 / 320 | 276 / 316 | 197 / 287 | 197 / 287 | 163 / 281 | 184 / 265 | 181 / 249 | 163 / 234 | 164 / 227 | 163 / 215 | 155 / 202 | 142 / 185 | 134 / 171 | 119 / 160 |
| Quartile Ranking | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.15% | 0.18% | -0.44% | 0.28% | 1.91% | 1.75% | 0.06% | 0.03% | 0.52% | -0.46% | 0.79% | 0.63% |
| Benchmark | -0.08% | 0.39% | -0.32% | 0.78% | 1.67% | 1.48% | -0.13% | 0.05% | 0.53% | -0.40% | 0.86% | 0.79% |
1.91% (November 2023)
-1.59% (March 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.21% | 1.14% | 0.64% | -0.18% | 0.51% | 2.28% | 4.55% | -0.86% | -5.39% | 5.33% |
| 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 | 3 | 3 | 4 | 4 | 3 | 2 | 4 | 2 |
| Category Rank | 90/ 145 | 101/ 166 | 128/ 179 | 137/ 187 | 164/ 207 | 179/ 223 | 131/ 233 | 116/ 239 | 224/ 253 | 111/ 267 |
5.33% (2023)
-5.39% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 59.27 |
| Cash and Equivalents | 19.29 |
| Canadian Government Bonds | 11.78 |
| Mortgages | 5.00 |
| Foreign Corporate Bonds | 4.63 |
| Other | 0.03 |
| Name | Percent |
|---|---|
| Fixed Income | 80.68 |
| Cash and Cash Equivalent | 19.29 |
| Consumer Services | 0.03 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| Royal Bank of Canada 4.64% 17-Jan-2028 | 7.31 |
| Canada Government 1.00% 01-Jun-2027 | 6.96 |
| Pacific Life Global Funding II 5.66% 01-Feb-2027 | 5.91 |
| Toyota Credit Canada Inc 2.31% 23-Oct-2024 | 5.65 |
| Metropolitan Life Globl Fndg I 3.26% 01-Apr-2025 | 5.65 |
| CANADIAN MORTGAGE POOLS 3.90% 01-Mar-2029 | 5.00 |
| BANK OF NOVA SCOTIA 1.00% 03-May-2027 | 4.78 |
| Pembina Pipeline Corp 4.24% 15-Mar-2027 | 4.50 |
| Toronto-Dominion Bank 4.48% 18-Jan-2028 | 4.45 |
| Heathrow Funding Ltd 3.25% 21-May-2025 | 4.39 |
Russell Investments Short Term Income Pool Series B
Median
Other - Cdn Short Term Fixed Inc
| Standard Deviation | 2.81% | 2.47% | 1.92% |
|---|---|---|---|
| Beta | 0.98% | 0.98% | 0.93% |
| Alpha | 0.00% | 0.00% | -0.01% |
| Rsquared | 0.91% | 0.86% | 0.86% |
| Sharpe | -0.98% | -0.43% | -0.24% |
| Sortino | -1.17% | -0.98% | -1.23% |
| Treynor | -0.03% | -0.01% | -0.01% |
| Tax Efficiency | - | 9.93% | 29.16% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.58% | 2.81% | 2.47% | 1.92% |
| Beta | 1.05% | 0.98% | 0.98% | 0.93% |
| Alpha | 0.00% | 0.00% | 0.00% | -0.01% |
| Rsquared | 0.91% | 0.91% | 0.86% | 0.86% |
| Sharpe | 0.21% | -0.98% | -0.43% | -0.24% |
| Sortino | 2.30% | -1.17% | -0.98% | -1.23% |
| Treynor | 0.01% | -0.03% | -0.01% | -0.01% |
| Tax Efficiency | 70.38% | - | 9.93% | 29.16% |
| Start Date | June 29, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $7 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FRC959 | ||
| FRC965 | ||
| FRC966 |
The Fund’s investment objective is to provide a stable level of cash flow by investing principally in short-term, high-quality fixed income securities issued or guaranteed by Canadian federal, provincial or municipal governments or issued by Canadian corporations. The investment objective cannot be changed unless unitholders of the Fund approve the change at a meeting.
This Fund invests primarily in shorter maturity Canadian fixed income securities using the following styles: interest rate management, sector selection, security selection, currency management, and global management. The Fund may invest up to 25% of its net assets in foreign fixed income securities. In order to seek to reduce currency risk, the Fund expects to hedge most of the foreign currency risk inherent in foreign currency securities through the use of forward contracts.
| Name | Start Date |
|---|---|
| Russell Investments Canada Limited | 08-22-2012 |
| Canso Investment Counsel Ltd. | 06-22-2020 |
| Leith Wheeler Investment Counsel Ltd. | 07-29-2022 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.20% |
|---|---|
| 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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