RBC Ultra-Short Fixed Income Fund (RUSIX)
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in fixed income securities. The fixed income securities in which the fund may invest include, but are not limited to, bonds, municipal securities, mortgage-related and asset-backed securities, and obligations of U.S. and foreign governments and their agencies.
Fund Info
ISIN | US74926P2662 |
---|---|
CUSIP | 74926P266 |
Issuer | RBC Global Asset Management. |
Inception Date | Dec 30, 2013 |
Category | Ultrashort Bond |
Min. Investment | $10,000 |
Asset Class | Bond |
Expense Ratio
RUSIX has a high expense ratio of 0.48%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RBC Ultra-Short Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RBC Ultra-Short Fixed Income Fund had a return of 2.68% year-to-date (YTD) and 8.96% in the last 12 months. Over the past 10 years, RBC Ultra-Short Fixed Income Fund had an annualized return of 2.28%, while the S&P 500 had an annualized return of 10.99%, indicating that RBC Ultra-Short Fixed Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.68% | 11.18% |
1 month | 0.61% | 5.60% |
6 months | 4.85% | 17.48% |
1 year | 8.96% | 26.33% |
5 years (annualized) | 2.93% | 13.16% |
10 years (annualized) | 2.28% | 10.99% |
Monthly Returns
The table below presents the monthly returns of RUSIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 1.08% | 0.46% | 0.60% | 0.41% | 2.68% | ||||||||
2023 | 1.25% | 0.29% | -0.29% | 0.97% | 0.16% | 0.79% | 0.90% | 0.59% | 0.39% | 0.20% | 1.21% | 1.41% | 8.14% |
2022 | -0.43% | -0.43% | -0.91% | -0.29% | -0.27% | -0.78% | 0.60% | 0.21% | -0.42% | -0.38% | 1.13% | 0.91% | -1.08% |
2021 | 0.08% | -0.01% | 0.07% | 0.17% | 0.07% | 0.15% | 0.08% | 0.04% | -0.04% | -0.20% | -0.17% | 0.08% | 0.33% |
2020 | 0.50% | 0.39% | -3.93% | 2.06% | 1.10% | 1.07% | 0.45% | 0.44% | 0.03% | 0.12% | 0.21% | 0.21% | 2.58% |
2019 | 0.65% | 0.33% | 0.45% | 0.34% | 0.45% | 0.34% | 0.24% | 0.46% | 0.11% | 0.32% | 0.21% | 0.20% | 4.18% |
2018 | -0.20% | -0.04% | 0.09% | 0.19% | 0.30% | 0.10% | 0.21% | 0.31% | 0.08% | 0.12% | 0.01% | 0.23% | 1.40% |
2017 | 0.14% | 0.23% | 0.05% | 0.25% | 0.25% | 0.05% | 0.25% | 0.15% | 0.16% | 0.15% | -0.05% | 0.00% | 1.66% |
2016 | 0.12% | 0.02% | 0.54% | 0.33% | 0.13% | 0.23% | 0.23% | 0.03% | 0.13% | 0.14% | -0.06% | 0.14% | 2.02% |
2015 | 0.32% | 0.01% | 0.12% | 0.13% | 0.12% | -0.09% | 0.22% | -0.09% | 0.21% | 0.12% | 0.02% | -0.09% | 1.02% |
2014 | 0.09% | -0.18% | 0.24% | 0.23% | 0.10% | 0.10% | -0.00% | -0.00% | -0.00% | 0.11% | 0.00% | -0.16% | 0.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RUSIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
RUSIX (RBC Ultra-Short Fixed Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RBC Ultra-Short Fixed Income Fund (RUSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RBC Ultra-Short Fixed Income Fund granted a 4.91% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.49 | $0.46 | $0.26 | $0.11 | $0.18 | $0.27 | $0.22 | $0.16 | $0.16 | $0.14 | $0.17 |
Dividend yield | 4.91% | 4.66% | 2.72% | 1.14% | 1.82% | 2.76% | 2.21% | 1.65% | 1.59% | 1.42% | 1.75% |
Monthly Dividends
The table displays the monthly dividend distributions for RBC Ultra-Short Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.46 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.07 | $0.26 |
2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
2018 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.16 |
2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the RBC Ultra-Short Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RBC Ultra-Short Fixed Income Fund was 5.60%, occurring on Mar 23, 2020. Recovery took 73 trading sessions.
The current RBC Ultra-Short Fixed Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-5.6% | Mar 6, 2020 | 12 | Mar 23, 2020 | 73 | Jul 7, 2020 | 85 |
-3.69% | Oct 5, 2021 | 180 | Jun 21, 2022 | 173 | Feb 28, 2023 | 353 |
-0.83% | Mar 14, 2023 | 12 | Mar 29, 2023 | 15 | Apr 20, 2023 | 27 |
-0.7% | Dec 5, 2014 | 17 | Dec 30, 2014 | 7 | Jan 9, 2015 | 24 |
-0.52% | May 4, 2023 | 4 | May 9, 2023 | 15 | May 31, 2023 | 19 |
Volatility
Volatility Chart
The current RBC Ultra-Short Fixed Income Fund volatility is 0.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.