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RBC $U.S. Short-Term Government Bond Fund A

Global Fixed Income

NAVPS
(04-17-2024)
$9.29
Change
$0.02 (0.16%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

RBC $U.S. Short-Term Government Bond Fund A

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Fund Returns

Inception Return (January 22, 2021): -1.33%

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% -0.03% 2.68% -0.03% 1.92% 0.34% -1.26% - - - - - - -
Benchmark 0.63% -2.15% 5.84% -2.15% 0.30% -4.13% -5.11% -3.04% -1.52% -1.28% -0.19% -0.40% 0.14% -0.16%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.31% -0.44% -0.71% 0.23% 0.26% -0.40% -0.05% 1.37% 1.38% 0.35% -0.72% 0.35%
Benchmark 0.55% -1.95% 0.04% 0.40% -1.24% -3.09% -1.31% 5.07% 4.32% -1.29% -1.49% 0.63%

Best Monthly Return Since Inception

1.57% (March 2023)

Worst Monthly Return Since Inception

-1.92% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -6.04% 3.57%
Benchmark 1.29% -2.75% 2.17% 6.95% -1.09% 6.85% 8.94% -5.24% -16.87% 5.56%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

3.57% (2023)

Worst Calendar Return (Last 10 years)

-6.04% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 72.34
Mortgages 10.48
Cash and Equivalents 9.84
Canadian Corporate Bonds 7.32
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.15
Cash and Cash Equivalent 9.85

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.83
Multi-National 6.17

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.88% 30-Nov-2025 5.12
United States Treasury 3.88% 15-Jan-2026 5.03
United States Treasury 4.88% 31-Oct-2028 4.73
United States Treasury Note/Bond 4.375% Dec 15, 2026 4.39
US Dollar 3.42
United States Treasury 3.63% 31-May-2028 2.87
United States Treasury 3.50% 31-Jan-2028 2.85
United States Treasury 2.75% 15-Feb-2028 2.08
United States Treasury 0.38% 30-Nov-2025 2.02
United States Treasury 1.13% 29-Feb-2028 1.94

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

RBC $U.S. Short-Term Government Bond Fund A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 2.82% - -
Beta 0.30% - -
Alpha 0.00% - -
Rsquared 0.55% - -
Sharpe -1.36% - -
Sortino -1.57% - -
Treynor -0.13% - -
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 2.40% 2.82% - -
Beta 0.30% 0.30% - -
Alpha 0.02% 0.00% - -
Rsquared 0.57% 0.55% - -
Sharpe -1.17% -1.36% - -
Sortino -0.64% -1.57% - -
Treynor -0.09% -0.13% - -
Tax Efficiency 64.95% - - -

Fund Details

Start Date January 22, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
RBF339

Investment Objectives

> To provide current income by investing in short-term U.S. fixed-income securities. The fund invests primarily in a well-diversified portfolio of short-term fixed-income securities issued or guaranteed by the U.S. Treasury and U.S. government and its agencies. We will not change the fundamental investment objectives of the fund unless we have the consent of a majority of the voting unitholders of the fund to do so.

Investment Strategy

To achieve the fund’s objectives, the portfolio manager: invests primarily in investment grade short-term fixed-income securities issued or guaranteed in the U.S. market by the U.S. Treasury and U.S. government and its agencies, instrumentalities, and U.S. government sponsored enterprises.

Portfolio Manager(s)

Name Start Date
RBC Global Asset Management Inc. 01-14-2021
Brian Svendahl 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 -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.08%
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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