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RBC Vision Fossil Fuel Free Short-Term Bond Fund Series A

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$9.27
Change
$0.01 (0.08%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC Vision Fossil Fuel Free Short-Term Bond Fund Series A

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Fund Returns

Inception Return (January 22, 2021): -0.69%

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 0.35% 0.00% 3.96% 0.00% 2.45% 1.32% -0.43% - - - - - - -
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.41% 4.41% 0.55% 3.84% 1.74% 0.16% 1.11% 1.09% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 284 / 322 285 / 289 213 / 287 285 / 289 261 / 272 220 / 262 212 / 245 - - - - - - -
Quartile Ranking 4 4 3 4 4 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.41% -0.98% -0.37% -0.17% 0.25% -0.59% 0.67% 1.76% 1.48% -0.28% -0.07% 0.35%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

1.76% (November 2023)

Worst Monthly Return Since Inception

-1.81% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -4.40% 4.17%
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 4
Category Rank - - - - - - - - 134/ 255 228/ 269

Best Calendar Return (Last 10 years)

4.17% (2023)

Worst Calendar Return (Last 10 years)

-4.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 54.45
Canadian Corporate Bonds 33.88
Cash and Equivalents 11.66
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.34
Cash and Cash Equivalent 11.66

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 4.50% 01-Feb-2026 22.66
Ontario Province 3.60% 08-Mar-2028 3.90
Canada Housing Trust No 1 1.25% 15-Jun-2026 3.46
Alberta Province 2.55% 01-Jun-2027 3.03
Canada Housing Trust No 1 1.55% 15-Dec-2026 2.75
OMERS Realty Corp 2.86% 23-Feb-2024 2.58
BCI QuadReal Realty 1.68% 03-Mar-2025 2.00
Canada Housing Trust No 1 4.25% 15-Dec-2028 1.94
Canada Government 4.00% 01-Mar-2029 1.86
Ontario Power Generation Inc 2.89% 08-Mar-2025 1.83

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC Vision Fossil Fuel Free Short-Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.83% - -
Beta 1.06% - -
Alpha -0.01% - -
Rsquared 0.98% - -
Sharpe -1.06% - -
Sortino -1.35% - -
Treynor -0.03% - -
Tax Efficiency - - -
Volatility 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 2.79% 2.83% - -
Beta 1.08% 1.06% - -
Alpha -0.01% -0.01% - -
Rsquared 0.99% 0.98% - -
Sharpe -0.82% -1.06% - -
Sortino -0.30% -1.35% - -
Treynor -0.02% -0.03% - -
Tax Efficiency 63.99% - - -

Fund Details

Start Date January 22, 2021
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $356

Fund Codes

FundServ Code Load Code Sales Status
RBF329

Investment Objectives

The fundamental investment objectives of the fund are to provide current income and stability of capital by investing primarily in a well-diversified portfolio of short-term fixed-income securities issued by Canadian governments and corporations, but excludes securities of issuers directly engaged in the extraction, processing and transportation of fossil fuels such as coal, oil and natural gas.

Investment Strategy

The fund’s investment process begins by excluding issuers identified in two exclusion lists that determine its investable universe. The first exclusion list is based on the Carbon Underground 200. Generally, any issuer included in the Carbon Underground 200 exclusion list is ineligible for the fund. RBC GAM has partnered with Sustainalytics to identify issuers for the second exclusion list.

Portfolio Manager(s)

Name Start Date
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 Royal Bank of Canada
Distributor Royal Mutual Funds Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.07%
Management Fee 0.90%
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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