Russell Investments Short Term Income Pool

A short term fixed income solution that offers the potential for lower volatility than longer duration fixed income funds.

Russell Investments Short Term Income Pool features:

  • Lower fees! Effective September 1st, 2020 the management fee on Russell Investments Short-term Income Pool (and Class) has decreased by 0.15% to 0.45% for Series F and 0.95% for Series B.
  • A more conservative option than a traditional fixed income approach.
  • An alternative to money market or high interest savings accounts, for investors seeking to earn extra yield in today's low interest rate environment. Short term bonds may also offer capital appreciation in addition to interest income compared to some cash alternatives where there is no capital upside.
  • Potential yield advantage over the benchmark  FTSE TMX  Canada Short Term Overall Bond Index and the fund's peers.
  • Compelling investment grade mandate. Includes access to high quality credit in return for accepting slightly higher volatility. Floating Rate Notes and other non-index exposures.
  • Diversification. Sub-advised by three prominent Canadian bond managers, each bringing complementary investment strategies and relevant expertise. Phillips, Hager & North Investment Management™, Fiera Capital Corporation and Canso Investment Counsel Ltd.
  • Tax efficiency through our corporate class version.
  • US Dollar Hedged Series option
  • Monthly distributions made up of interest income and return of capital.

Russell Investments Short Term Income Pool is included in the following portfolios:

  • Multi-Asset Fixed Income 20%
  • Russell Investments Conservative Income 15%
  • Multi-Asset Income Strategy 10%
  • Russell Investments Income Essentials 10%
  • Russell Investments Model Portfolios

Characteristics

As of 10/31/2020
Updated monthly

Fund Characteristics
Total Assets (All Series) $472.25 million
Net Asset Value (Series F) $10.10

For Prices and Performance, please click here.

Growth of $10,000 (Since Inception) Series F¹

As of 10/31/2020
08-22-2012 10000.00
08-31-2012 9988.91
09-30-2012 10022.58
10-31-2012 10042.25
11-30-2012 10066.55
12-31-2012 10062.70
01-31-2013 10068.88
02-28-2013 10136.79
03-31-2013 10151.74
04-30-2013 10188.24
05-31-2013 10158.42
06-30-2013 10098.58
07-31-2013 10133.39
08-31-2013 10125.11
09-30-2013 10159.20
10-31-2013 10213.99
11-30-2013 10235.20
12-31-2013 10224.80
01-31-2014 10315.30
02-28-2014 10333.50
03-31-2014 10336.49
04-30-2014 10360.22
05-31-2014 10393.09
06-30-2014 10401.27
07-31-2014 10415.11
08-31-2014 10437.19
09-30-2014 10428.11
10-31-2014 10454.36
11-30-2014 10497.16
12-31-2014 10509.55
01-31-2015 10680.76
02-28-2015 10681.45
03-31-2015 10679.24
04-30-2015 10639.86
05-31-2015 10671.04
06-30-2015 10690.27
07-31-2015 10716.83
08-31-2015 10691.45
09-30-2015 10664.07
10-31-2015 10654.03
11-30-2015 10654.52
12-31-2015 10690.93
01-31-2016 10707.57
02-29-2016 10691.31
03-31-2016 10726.49
04-30-2016 10726.07
05-31-2016 10761.14
06-30-2016 10801.75
07-31-2016 10820.57
08-31-2016 10834.81
09-30-2016 10857.46
10-31-2016 10864.38
11-30-2016 10826.15
12-31-2016 10820.95
01-31-2017 10845.33
02-28-2017 10886.65
03-31-2017 10904.62
04-30-2017 10932.54
05-31-2017 10935.47
06-30-2017 10861.18
07-31-2017 10831.78
08-31-2017 10868.17
09-30-2017 10829.01
10-31-2017 10884.38
11-30-2017 10898.98
12-31-2017 10864.66
01-31-2018 10843.54
02-28-2018 10863.57
03-31-2018 10878.18
04-30-2018 10877.75
05-31-2018 10883.79
06-30-2018 10899.85
07-31-2018 10886.09
08-31-2018 10915.66
09-30-2018 10890.90
10-31-2018 10890.12
11-30-2018 10922.58
12-31-2018 10983.46
01-31-2019 11053.06
02-28-2019 11077.41
03-31-2019 11152.10
04-30-2019 11180.02
05-31-2019 11213.43
06-30-2019 11241.18
07-31-2019 11245.14
08-31-2019 11295.74
09-30-2019 11267.92
10-31-2019 11289.08
11-30-2019 11301.54
12-31-2019 11291.00
01-31-2020 11385.99
02-29-2020 11429.55
03-31-2020 11295.95
04-30-2020 11496.25
05-31-2020 11540.89
06-30-2020 11632.66
07-31-2020 11721.40
08-31-2020 11744.54
09-30-2020 11767.12
10-31-2020 11772.46

¹Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.

Series F is a wrap or fee-for-service program and as such, the performance shown does not include the advisory fee paid by the investor to the dealer that would have reduced returns. Other series of units of the fund are subject to higher management fees and/or expenses which result in lower returns for those series than cited above.  Annual returns are calendar year returns for the last ten years or since inception if the Fund has less than ten years of history. Performance is annualized except for periods of less than one year.

Top 10 Holdings*

As of 09/30/2020

Updated monthly

Company Weight
Canadian Dollar 14.91%
CANADIAN GOVERNMENT, 2%, 09/01/2023 3.24%
Capital Power Corporation, 4.28%, 09/18/2024 1.57%
MASTER CREDIT CARD TR II, 3.056%, 01/21/2022 1.50%
Metropolitan Life Global Funding I, 1.7675%, 09/27/2022 1.33%
AltaGas, Ltd., 2.157%, 06/10/2025 1.30%
National Bank of Canada, 1.573%, 08/18/2026 1.29%
Master Credit Card Trust II, Series 2018-4 ABS, 3.242%, 06/21/2022 1.25%
Real Estate Asset Liquidity Trust Series 2019-HBC Cl. A, 3.641%, 06/14/2061 1.24%
Canada Housing Trust No. I, 2.400% 15-Dec-2022 1.24%

*A portion of the cash held in this fund is securitized. The listing of holdings provides information on a fund's investments as of the date indicated and may differ from its annual financial statements.

Sub-Advisers

As of 12/31/2019
NameAllocation %colorStyle
Phillips, Hager and North Investments Management™*35#66aaddMulti-Style
Fiera Capital Corporation**40#5c5c5cCredit security selection
Canso Investment Counsel Ltd.20#005596Credit security selection
Russell Investments5#dd6600Positiioning strategies

™ Phillips, Hager & North Investment Management is a trademark of Royal Bank of Canada. Used under license.
** Fiera Capital Corporation acquired Foresters Asset Management Inc. in August 2019.

Russell Investments has the right to engage or terminate a sub-adviser at any time and without notice.

Series Load Fund Code Currency
Series B Low Load FRC 959 CAD
Series B Front Load FRC 966 CAD
Series F No Load FRC 968 CAD
Series O No Load FRC 415 CAD
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