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RBC Short-Term Global Bond Fund Series A
Global Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-30-2026) |
$9.78 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at June 30, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (March 29, 2021): 0.59%
| 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 | 0.08% | 0.57% | 0.41% | 0.41% | 1.38% | 2.87% | 3.15% | 2.12% | 0.67% | - | - | - | - | - |
| Benchmark | 2.33% | 2.30% | 3.01% | 3.01% | 4.23% | 6.28% | 5.48% | 4.33% | 0.79% | -0.67% | 0.66% | 1.23% | 1.38% | 1.01% |
| Category Average | 0.45% | 1.17% | 0.78% | 0.78% | 2.16% | 3.49% | 3.43% | 2.92% | 0.08% | 0.32% | 0.83% | 1.31% | 1.15% | 1.16% |
| Category Rank | 221 / 245 | 205 / 245 | 151 / 243 | 151 / 243 | 161 / 231 | 111 / 197 | 80 / 169 | 82 / 149 | 32 / 121 | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 3 | 2 | - | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.18% | 0.54% | 0.28% | 0.26% | 0.15% | -0.10% | 0.30% | 0.57% | -1.01% | 0.23% | 0.26% | 0.08% |
| Benchmark | -0.22% | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% |
Best Monthly Return Since Inception
1.55% (December 2023)
Worst Monthly Return Since Inception
-1.60% (September 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | -5.64% | 3.96% | 2.70% | 3.09% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 4 | 2 | 2 |
| Category Rank | - | - | - | - | - | - | 17/ 132 | 125/ 154 | 73/ 188 | 94/ 214 |
Best Calendar Return (Last 10 years)
3.96% (2023)
Worst Calendar Return (Last 10 years)
-5.64% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 51.66 |
| Cash and Equivalents | 31.14 |
| Canadian Corporate Bonds | 13.36 |
| Foreign Corporate Bonds | 3.30 |
| Canadian Government Bonds | 0.50 |
| Other | 0.04 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 68.92 |
| Cash and Cash Equivalent | 31.14 |
| Other | -0.06 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 64.80 |
| Europe | 22.78 |
| Asia | 6.01 |
| Latin America | 3.26 |
| Multi-National | 1.32 |
| Other | 1.83 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury Note/Bond 3.500% Feb 15, 2029 | 6.68 |
| United States Treasury 0.63% 15-Aug-2030 | 6.06 |
| United States Treasury 1.25% 31-May-2028 | 2.99 |
| France Government 2.75% 25-Feb-2029 | 2.93 |
| France Government 2.70% 25-Feb-2031 | 2.74 |
| United Kingdom Government 4.75% 07-Dec-2030 | 2.48 |
| iShares Core Canadian Short Term Corp Bnd Inx(XSH) | 1.98 |
| United Kingdom Government 1.25% 22-Jul-2027 | 1.59 |
| France Government 1.00% 25-May-2027 | 1.54 |
| Spain Government 1.40% 30-Jul-2028 | 1.50 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC Short-Term Global Bond Fund Series A
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 1.91% | 2.43% | - |
|---|---|---|---|
| Beta | 0.25 | 0.29 | - |
| Alpha | 0.02 | 0.00 | - |
| Rsquared | 0.38% | 0.54% | - |
| Sharpe | -0.21 | -0.92 | - |
| Sortino | 0.09 | -1.08 | - |
| Treynor | -0.02 | -0.08 | - |
| Tax Efficiency | 78.80% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.45% | 1.91% | 2.43% | - |
| Beta | 0.14 | 0.25 | 0.29 | - |
| Alpha | 0.01 | 0.02 | 0.00 | - |
| Rsquared | 0.21% | 0.38% | 0.54% | - |
| Sharpe | -0.66 | -0.21 | -0.92 | - |
| Sortino | -1.16 | 0.09 | -1.08 | - |
| Treynor | -0.07 | -0.02 | -0.08 | - |
| Tax Efficiency | 61.98% | 78.80% | - | - |
Fund Details
| Start Date | March 29, 2021 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $1,066 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RBF340 |
Investment Objectives
• To provide regular income by taking advantage of interest rate and currency fluctuations in world short-term fixed-income markets. The fund invests primarily in high-quality short-term fixed-income securities, denominated in foreign currencies and issued internationally by governments and their agencies around the world. The fund may also invest in fixed-income securities issued by Canadian and foreign corporations and supranational agencies like the World Bank. We will not change the fundamen
Investment Strategy
To achieve the fund’s objectives, the portfolio manager: • invests in short-term fixed-income securities of governments, their agencies, supranational organizations or companies throughout the world; • selects securities based on fundamental economic analysis examining economic growth, inflation and the fiscal and monetary policy in each country; • uses a disciplined approach to assess opportunities within four risk categories: ? currency risk – generally, the fund hedges currency exposure back
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
RBC Global Asset Management (UK) Limited |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
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 | 1.06% |
|---|---|
| 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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