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Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RBC BlueBay Ultra-Short Fixed Income Fund

RULFX | Fund

$9.96

$50.8 M

4.70%

$0.47

0.59%

Vitals

YTD Return

2.4%

1 yr return

8.3%

3 Yr Avg Return

2.8%

5 Yr Avg Return

2.7%

Net Assets

$50.8 M

Holdings in Top 10

25.7%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RBC BlueBay Ultra-Short Fixed Income Fund

RULFX | Fund

$9.96

$50.8 M

4.70%

$0.47

0.59%

RULFX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    RBC BlueBay Ultra-Short Fixed Income Fund
  • Fund Family Name
    RBC Global Asset Management.
  • Inception Date
    Dec 30, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Svendahl

Fund Description

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. The Fund may invest in securities with fixed, floating or variable rates of interest. The Fund may invest up to 25% of its net assets in securities that are non‑investment grade (high yield/junk bond).
The Fund typically seeks to maintain a duration of 6 to 18 months. Duration is a measure of price sensitivity of a debt security or a portfolio of debt securities relative to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The Fund may invest in securities of both U.S. and foreign issuers. The Fund will normally invest in a portfolio of fixed income securities denominated in U.S. Dollars but may invest in securities denominated in currencies of other countries.
In addition, the Fund may invest its assets in derivatives, which are instruments that have a value derived from or directly linked to an underlying asset, such as equity securities, bonds, commodities, currencies, interest rates, or market indices. In particular, the Fund may use interest rate futures to manage portfolio risk. The Fund’s exposure to derivatives will vary. For purposes of meeting its 80% investment policy, the Fund may include derivatives that have characteristics similar to the Fund’s direct investments.
The Advisor uses a bottom‑up, fundamental process combined with top‑down risk management tools designed to meet the objectives of high level of current income consistent with preservation of capital over the long term. The Advisor will also make active allocation decisions by focusing on sector targets, yield curve exposure and duration of the Fund’s portfolio.
As part of the investment process, the Advisor considers issuers’ oversight and management of material environmental, social and governance (“ESG”) factors. The ESG factors deemed material to the Fund are at the discretion of the Advisor.
ESG factors considered may include, but are not limited to, the following: (i) corporate governance; (ii) employee health and safety; (iii) human rights; and (iv) environmental management. The Fund may from time to time invest in derivatives, cash, money market instruments and other similar instruments where ESG integration may not be applicable due to the nature of such instruments.
Read More

RULFX - Performance

Return Ranking - Trailing

Period RULFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.7% 3.5% 5.56%
1 Yr 8.3% -0.5% 12.8% 4.17%
3 Yr 2.8%* -2.2% 5.9% 14.63%
5 Yr 2.7%* -1.0% 3.9% 5.32%
10 Yr 2.1%* -4.5% 27.5% 11.11%

* Annualized

Return Ranking - Calendar

Period RULFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -2.3% 4.3% 2.31%
2022 -3.7% -6.5% 0.5% 86.12%
2021 -0.8% -2.1% 0.3% 85.22%
2020 0.6% -3.1% 1.8% 27.32%
2019 1.4% -1.2% 6.1% 6.52%

Total Return Ranking - Trailing

Period RULFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.7% 3.5% 5.56%
1 Yr 8.3% -0.5% 12.8% 4.17%
3 Yr 2.8%* -2.2% 5.9% 14.63%
5 Yr 2.7%* -1.0% 3.9% 5.32%
10 Yr 2.1%* -4.5% 27.5% 11.11%

* Annualized

Total Return Ranking - Calendar

Period RULFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% 0.8% 12.1% 4.63%
2022 -1.3% -5.1% 2.5% 82.78%
2021 0.1% -2.1% 14.5% 53.20%
2020 2.6% -1.0% 3.6% 18.04%
2019 4.4% 0.3% 9.6% 7.07%

NAV & Total Return History

RULFX - Holdings

Concentration Analysis

RULFX Category Low Category High RULFX % Rank
Net Assets 50.8 M 25.6 K 22.6 B 88.64%
Number of Holdings 73 2 1291 85.91%
Net Assets in Top 10 12.1 M 32.5 K 17.3 B 91.82%
Weighting of Top 10 25.69% 5.6% 163.3% 40.00%

Top 10 Holdings

  1. Vista Point Securitization Trust 2020-1 3.00%
  2. Dell Equipment Finance Trust 2021-2 2.99%
  3. Freddie Mac STACR REMIC Trust 2022-DNA2 2.93%
  4. Ellington Financial Mortgage Trust 2019-2 2.84%
  5. Charles Schwab Corp/The 2.72%
  6. Tesla Auto Lease Trust 2021-B 2.66%
  7. Wells Fargo Co 2.36%
  8. Lloyds Banking Group PLC 2.09%
  9. Citigroup Inc 2.08%
  10. Exeter Automobile Receivables Trust 2022-1 2.02%

Asset Allocation

Weighting Return Low Return High RULFX % Rank
Bonds 		75.83% 0.00% 128.16% 61.36%
Other 		21.36% -7.74% 99.92% 16.36%
Convertible Bonds 		5.71% 0.00% 15.25% 23.74%
Cash 		2.81% 0.00% 109.89% 66.36%
Stocks 		0.00% 0.00% 97.29% 17.73%
Preferred Stocks 		0.00% 0.00% 0.00% 0.45%

Bond Sector Breakdown

Weighting Return Low Return High RULFX % Rank
Corporate 		56.65% 0.00% 99.91% 17.81%
Securitized 		42.73% 0.00% 100.00% 22.83%
Cash & Equivalents 		1.53% 0.00% 109.89% 74.55%
Municipal 		0.00% 0.00% 70.39% 43.84%
Government 		0.00% 0.00% 100.00% 74.43%
Derivative 		-0.25% -7.49% 21.59% 88.18%

Bond Geographic Breakdown

Weighting Return Low Return High RULFX % Rank
US 		75.83% 0.00% 128.16% 57.73%
Non US 		0.00% 0.00% 22.24% 16.36%

RULFX - Expenses

Operational Fees

RULFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.02% 28.11% 37.61%
Management Fee 0.23% 0.00% 1.19% 33.64%
12b-1 Fee 0.10% 0.00% 1.00% 31.82%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

RULFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

RULFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RULFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 369.54% 38.92%

RULFX - Distributions

Dividend Yield Analysis

RULFX Category Low Category High RULFX % Rank
Dividend Yield 4.70% 0.00% 8.07% 68.18%

Dividend Distribution Analysis

RULFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

RULFX Category Low Category High RULFX % Rank
Net Income Ratio 0.78% -1.30% 14.86% 22.17%

Capital Gain Distribution Analysis

RULFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

RULFX - Fund Manager Analysis

Managers

Brian Svendahl

Start Date

Tenure

Tenure Rank

Dec 30, 2013

8.42

8.4%

Brian is a senior portfolio manager within the BlueBay Fixed income team. He has been lead portfolio manager for RBC GAM’s impact investing strategies since 2006 along with many government and mortgage strategies. Brian joined RBC GAM in 2005 and has co-led the Minneapolis-based fixed income group since 2012. He had previously held several risk management, research, and trading positions with a large American multinational financial services company and first started in the investment industry in 1992.

Brandon Swensen

Start Date

Tenure

Tenure Rank

Dec 30, 2013

8.42

8.4%

Brandon is a senior portfolio manager within the BlueBay Fixed income team. In addition to co-leading the fixed income group based in Minneapolis, he is a portfolio manager for several cash management and core solutions. Brandon joined the RBC GAM mortgage and government team in 2000, having earlier held positions as a research analyst covering asset-backed securities and credit, and as a financial analyst. Brandon began his career in the investment industry in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 7.92

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