Strategy Name Benchmark Strategy
Launch
Vehicles Team
Location
RBC U.S. Investment Grade Corporate Barclays US Corporate Investment Grade June 2010 Segregated Account, SICAV Minneapolis
RBC U.S. Intermediate Core Barclays Capital Intermediate Government/Credit Index January 1988 Segregated Account Minneapolis
RBC U.S. Short Core Bank of America Merrill Lynch
1-3 Year U.S. Treasury/Agency Index
July 1989 Segregated Account Minneapolis
RBC U.S. Broad Market Government Barclays Capital Government Index January 2004 Segregated Account Minneapolis
RBC U.S. Short Government Bank of America Merrill Lynch
1-3 Year U.S. Treasury/Agency Index
January 1998 Segregated Account Minneapolis
RBC U.S. Core Cash Management Citigroup 3-Month T-Bill October 1994 Segregated Account Minneapolis
RBC U.S. Government Cash Management Citigroup 3-Month T-Bill March 1996 Segregated Account Minneapolis

RBC U.S. Investment Grade Corporate


We believe a well-constructed portfolio managed within an active risk framework will enhance consistent income over various market cycles. To do this, we seek a thorough understanding of the issuer, credit and debt structure and focus on security selection and curve exposure while actively managing duration, call and extension risk. We will invest in out-of-benchmark sectors when we believe the expected excess return opportunity justifies the incremental risk relative to benchmark opportunities and will avoid making large duration calls, as we believe rate anticipation does not lead to consistent positive excess returns over time.

Strategy Snapshot:

  • Duration Range: +/- 25% of the duration of the stated benchmark
  • Investment Universe: Corporates, Treasuries, Agencies, Taxable Municipals, Mortgage Backed
  • Diversification (min/max): Cash 0-10%, Investment Grade Corporate Bonds 85-100%, Other 0-10%
  • Credit rating: The Fund will invest in bonds with a rating of BBB- or higher

Portfolio Managers



Related Documents

 

RBC U.S. Intermediate Core


We believe that the appropriate role of fixed income investments is to control and manage risk. Our goal is to deliver superior absolute and risk-adjusted total returns over a longer time horizon. We actively manage portfolios within a structure risk management framework to protect principal while providing value-added returns. We emphasize income as the primary source of returns, using broad diversification, targeted duration and an extensive relative valuation process for security selection.


Portfolio Managers

 

RBC U.S. Short Core


We believe a well constructed portfolio managed within an active risk framework will enhance consistent income over various market cycles. To do this, we seek a thorough understanding of the issuer, credit and debt structure and focus on security selection and curve exposure while actively managing duration, call and extension risk. We will invest in out-of-benchmark sectors when we believe the expected excess return opportunity justifies the incremental risk relative to benchmark opportunities and will avoid making large duration calls, as we believe rate anticipation does not lead to consistent positive excess returns over time.

Strategy Snapshot:

  • Duration Range: 1-3 Years
  • Maturity Range: 1-5 Years
  • Investment Universe: Treasuries, Agencies, Corporates, Taxable Municipals, Agency Secured, Mortgage Backed
  • Credit Quality: Securities rated from AAA to BBB

Portfolio Managers

 

RBC U.S. Broad Market Government


We believe that the appropriate role of fixed income investments is to control and manage risk. Our goal is to deliver superior absolute and risk-adjusted total returns over a longer time horizon. We actively manage portfolios within a structured risk management framework to protect principal while providing value-added returns. We emphasize income as the primary source of returns, using broad diversification, targeted duration and an extensive relative valuation process for security selection. This strategy focuses primarily on U.S. Government and Agency sectors of the market.


Portfolio Managers



 

RBC U.S. Short Government


We believe a well constructed portfolio managed with an active risk framework will enhance consistent income over various market cycles. To do this, we seek a thorough understanding of the issuer, credit and debt structure and focus on security selection and curve exposure while actively managing duration, call and extension risk. We will invest in out-of-benchmark sectors when we believe the expected excess return opportunity justifies the incremental risk relative to benchmark opportunities and avoid making large duration calls, as we believe rate anticipation does not lead to consistent positive excess returns over time.

Strategy Features:

  • Duration Range: 0-3 Years
  • Maturity Range: 0-5 Years
  • Investment Universe: Treasuries, Agencies, Taxable or Tax-Exempt Municipals, Agency Secured, Mortgage Backed
  • Credit Quality: Securities rated from AAA to BBB. Fully customizable to client guidelines.

Portfolio Managers

 

RBC U.S. Core Cash Management


The RBC GAM-US Cash Management strategy seeks superior returns on both an absolute and risk-adjusted basis. Principal preservation is emphasized and our robust internal credit review process focuses foremost on safety. The strategy emphasizes high quality short duration fixed income investments that are not constrained by 2A-7 eligibility requirements providing a significant yield advantage versus traditional cash products.

Strategy Snapshot:

  • Duration Range: 0-120 Days
  • Maturity Range: 0-13 Months
  • Investment Universe: U.S. Treasury, Agency, bank deposits and acceptances, short-term corporate obligations, short-term municipal obligations
  • Credit Quality: A-1/P-1

Portfolio Managers

 

RBC U.S. Government Cash Management


The RBC GAM-US Government Cash Management strategy invests in U.S. Government securities including U.S. Treasuries, agencies and mortgage-backed securities backed by U.S. agencies. Performance is typically measured against the Citigroup 3-Month T-Bill Index with the overall duration generally kept between +/-10% of the duration of the benchmark.

Strategy Snapshot:

  • Duration Range: 0-120 Days
  • Maturity Range: 0-13 Months
  • Investment Universe: U.S. Treasury, Agency, Agency guaranteed obligations
  • Credit Quality: AAA

Portfolio Managers