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Russell Investments Yield Opportunities Pool Series B

Alternative Multi-Stratgy

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-21-2024)
$10.34
Change
-$0.01 (-0.13%)

As at May 31, 2024

As at November 30, 2023

As at February 29, 2024

Period
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Legend

Russell Investments Yield Opportunities Pool Series B

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Fund Returns

Inception Return (February 15, 2019): 2.94%

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 2.25% 2.48% 5.29% 3.22% 7.13% 4.16% 1.05% 3.67% 3.04% - - - - -
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 1.20% 5.85% 5.85% 3.72% 7.47% 3.25% 1.41% 4.14% 3.34% - - - - -
Category Rank 15 / 103 41 / 102 53 / 99 63 / 100 57 / 97 29 / 76 40 / 60 35 / 50 31 / 44 - - - - -
Quartile Ranking 1 2 3 3 3 2 3 3 3 - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.38% 1.20% -0.62% -2.55% -0.84% 4.30% 2.00% 0.35% 0.38% 2.14% -1.88% 2.25%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

6.10% (November 2022)

Worst Monthly Return Since Inception

-7.95% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 3.51% 8.65% -9.37% 7.14%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - - 3 3 4 2
Category Rank - - - - - - 29/ 46 30/ 57 55/ 70 27/ 90

Best Calendar Return (Last 10 years)

8.65% (2021)

Worst Calendar Return (Last 10 years)

-9.37% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 55.18
US Equity 23.30
Cash and Equivalents 19.63
Canadian Equity 3.89
Income Trust Units 1.63
Other -3.63

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 19.64
Real Estate 11.65
Consumer Goods 10.75
Basic Materials 9.02
Financial Services 8.64
Other 40.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 42.84
Asia 28.66
Europe 25.85
Africa and Middle East 1.16
Latin America 1.14
Other 0.35

Top Holdings

Top Holdings
Name Percent
CANADIAN DOLLAR 9.39
RICL CAD CASH MGT FND SERIES O 7.71
POUND STERLING 1.38
OPTIONS MORGAN STANLEY BOC 1.14
US DOLLAR 1.14
Mitsubishi Estate Co Ltd 1.08
Novo Nordisk A/S Cl B 0.95
Microsoft Corp 0.94
Apple Inc 0.93
Sap SE 0.92

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Russell Investments Yield Opportunities Pool Series B

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 8.56% 8.67% -
Beta 0.55% 0.50% -
Alpha -0.03% -0.02% -
Rsquared 0.73% 0.81% -
Sharpe -0.17% 0.15% -
Sortino -0.26% 0.06% -
Treynor -0.03% 0.03% -
Tax Efficiency 1.37% - -
Volatility Volatility rating is 4 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 6.68% 8.56% 8.67% -
Beta 0.55% 0.55% 0.50% -
Alpha -0.02% -0.03% -0.02% -
Rsquared 0.88% 0.73% 0.81% -
Sharpe 0.34% -0.17% 0.15% -
Sortino 1.09% -0.26% 0.06% -
Treynor 0.04% -0.03% 0.03% -
Tax Efficiency 99.40% 1.37% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date February 15, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FRC230
FRC280

Investment Objectives

The Fund’s investment objective is to provide a high level of current income and, as a secondary objective, long-term capital growth. The Fund invests primarily in international equity securities, North American and international fixed income securities including high yield securities, derivative instruments, such as options, futures, forward contracts and swaps, securities of investment funds, and cash and cash equivalents.

Investment Strategy

To achieve its objective, the Fund principally invests in a range of diversified income-producing investments. The Fund will typically pursue strategies and invest in instruments which have historically produced a significant portion of their total return from income. The Fund may invest in a broad range of instruments, markets and asset classes economically tied to North American, non-North American and emerging markets countries.

Portfolio Manager(s)

Name Start Date
Russell Investments Canada Limited 02-15-2019
Kopernik Global Investors LLC 06-22-2020
Boston Partners Global Investors, Inc. 06-22-2020
First Sentier Investors Australia IM Limited 06-22-2020
RREEF America LLC 06-22-2020
Sompo Asset Management Co., Ltd. 06-22-2020
Berenberg Asset Management LLC 07-29-2022
Oaktree Capital Management 07-29-2022
Cohen & Steers Capital Management, Inc. 07-29-2022
Marathon Asset Management Limited 07-29-2023

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 No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.33%
Management Fee 1.75%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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