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.
- 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 06/30/2021
Updated monthly
| Fund Characteristics | |
|---|---|
| Total Assets (All Series) | $538.78 million |
| Net Asset Value (Series F) | $10.03 |
For Prices and Performance, please click here.
Growth of $10,000 (Since Inception) Series F¹
As of 06/30/2021
| 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 |
| 11-30-2020 | 11832.63 |
| 12-31-2020 | 11870.21 |
| 01-31-2021 | 11894.77 |
| 02-28-2021 | 11828.78 |
| 03-31-2021 | 11836.79 |
| 04-30-2021 | 11854.72 |
| 05-31-2021 | 11870.18 |
| 06-30-2021 | 11865.58 |
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 05/31/2021
Updated monthly
| Company | Weight |
|---|---|
| Canadian Dollar | 11.32% |
| CANADIAN GOVERNMENT, 1.5%, 09/01/2024 | 2.28% |
| Province of Ontario, 2.600% 02-Jun-2025 | 1.66% |
| First Nations Finance Authority, 3.4%, 06/26/2024 | 1.62% |
| Royal Bank of Canada, 3.296%, 09/26/2023 | 1.61% |
| Province of Manitoba, 2.45%, 06/02/2025 | 1.52% |
| Capital Power Corporation, 4.28%, 09/18/2024 | 1.36% |
| MASTER CREDIT CARD TR II, 3.056%, 01/21/2022 | 1.29% |
| Province of Alberta, 2.35%, 06/01/2025 | 1.26% |
| Canada Housing Trust No. 1, 0.38%, 09/15/2023 | 1.17% |
|
*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 06/30/2021
| Name | Allocation % | Style |
|---|---|---|
| Leith Wheeler Investment Counsel Ltd | 32 | Multi-Style |
| Fiera Capital Corporation | 30 | Credit security selection |
| Canso Investment Counsel Ltd. | 20 | Credit security selection |
| Russell Investments | 18 | Positioning strategies and Liquidity reserve* |
*Liquidity Reserve is a cash account that supports day-to-day cash flow and may be overlayed with derivatives to provide market exposure in order to manage the risk profile of the Fund.
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 |