Sustainable, Responsible and Impact Mutual Fund and ETF Chart
Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data
General Fund Information - [Return to Top]
Ticker: ACASX
Assets under management (AUM): $661.05M (in US$ millions) - See other performance data below
General Fund Type: Bond (Fixed Income)
Specific Sizes or Types of Investments: The Fund invests primarily in mortgage-backed securities, small business loans, municipal securities, along with other instruments that are high quality, highly liquid and market-priced investments.
Financial Objective: The Fund’s investment objective is to provide current income consistent with the preservation of capital by investing primarily in high quality debt securities and other debt instruments supporting community development.
Specific ESG Focus: Seeks to build stronger communities by financing affordable housing, job creation, healthcare, education and infrastructure projects that foster sustainable economic development.
To invest, call: +1 (612) 376-7112
Institution Name:
RBC Global Asset Management
Mutual Funds Description: RBC Global Asset Management (RBC GAM) strives to provide clients an unrivalled experience of investment and service excellence, offering a comprehensive range of solutions and services. We operate as a global firm of specialized investment teams with more than $453 billion under management as of March 31, 2024. In addition to broad-based capabilities in equities, liquidity management and alternatives, our BlueBay fixed income platform seeks to embody the best aspects of alternative and traditional fixed income investing. We manage more than $118 billion as of February 29, 2024 across a full spectrum of active fixed income strategies—all of which are designed to generate alpha (the strategy's ability to beat the market) within a capital preservation context. RBC GAM offers the Access Capital Community Investment Strategy, which provides a high quality disciplined approach to fixed income investing with a community development purpose. Retail and institutional investors are provided an opportunity to make a difference, directing scarce investment capital to projects and programs that matter through fixed income investments selected in consideration of safety, liquidity and yield (this option is not available for all share classes). The strategy provides investors with a tailored program of high quality securities supporting affordable housing, healthcare, education and job creation in underserved communities targeted by the investor. RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited, RBC Global Asset Management (Asia) Limited and RBC Indigo Asset Management Inc., which are separate, but affiliated subsidiaries of RBC.
Contact info:
225 Franklin St., Suite 2700
Boston,MA 02110
United States
Phone: +1 (612) 376-7112
Email: mindy.frye@rbc.com
Web: https://www.rbcgam.com (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $1,000
Minimum IRA:
$250
Screening Venue: In-house
Screening Party:
Portfolio Management Team
Screening Database Used:
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Screening Process:
All of our investments go through a screening process to determine if the loans meet the investment objectives of the Fund. We ensure that there are no high cost loans in the portfolio and we verify low-and-moderate incomes at the loan level (all loans are for LMI individuals are at or below 80% of the area median income (AMI)). Additionally, we support Section 8 housing and look for SBA and USDA loans to support economic and job development. The Fund has developed partnerships with various State Housing Finance Agencies to assist LMI individuals and first time home buyers. All investments are government guaranteed or of the highest credit quality and support economic activity in targeted U.S. geographies that are designated by Fund Investors. Our focus is affordable housing, small business lending to spur job creation, community development and healthcare facilities. All investments in the Fund qualify for Investment Test Credit from the regulatory agencies under the Community Reinvestment Act (CRA).
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Not Applicable
Proxy Voting Records: Not Applicable
Specific Screening Information by Category - [Return to Top]
Environment
- Pollution / Toxics: No Investment
Social
- Community Development: Positive Investment - SRI that helps build stronger communities through its support of low and moderate income homebuyers, affordable rental housing, small business lending and other economic development projects. Investors can target their investments by geographic location.
- Conflict Risk: No Investment
Governance
Products
- Alcohol: No Investment
- Animal Welfare: No Investment
- Defense/Weapons: No Investment
- Gambling: No Investment
- Tobacco: No Investment
Other
- Other/Qualitative: Disciplined Fixed Income Investing with a Community Development Purpose: - Align your assets with your values while also pursuing competitive returns within a traditional fixed income investment. - Build stronger communities by supporting affordable housing, job creation, healthcare, and infrastructure projects that foster sustainable economic development. - Incorporates positive social outcomes into market-rate investments through the creation of customized securities that may provide more stable cash flow characteristics and lower expected volatility. - Long history of meeting Community Reinvestment Act requirements; qualifies as a Public Welfare Investment.
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 4.5%
1-year rate of return: 4.5%
3-year rate of return: -3.25%
5-year rate of return: -0.19%
10-year rate of return: 0.78%
Previous year rate of return: -12.17%
Management fee: 0.35%
Expense ratio: 0.8%
Standard deviation: 9.09%
Benchmark used: Bloomberg US Securitized Index | External link (Opens in a new window)
Disclaimer: For current standardized performance, most recent month-end performance, and other important fund information, please click the 'External link' above. Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. Net expense ratio shown above. Gross expense ratio is 1.05%. Performance shown reflects contractual fee waivers, in effect until January 2025. Without such waivers, total returns would be reduced. Mutual fund investing involves risk. Principal loss is possible. These risks are described more fully in the prospectus, which you can view by visiting http://dfinview.com/usrbcgam or request by calling 800.422.2766. The Fund's investment objectives, risks, charges and expenses, and other important information is also in the prospectus and should be considered carefully. Please read the prospectus carefully before investing. RBC Global Asset Management (U.S.) Inc. is the Adviser for the RBC Funds Trust. The Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.