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RBC Target 2015 Education Fund

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Investment Objective

This fund is an asset allocation fund specifically designed to meet the changing needs of investors who are saving money for the purpose of funding a post-secondary education that commences around 2015. The fund gradually shifts its asset mix from an emphasis on equity funds, in its early years, to an emphasis on money market funds as its "target" date (2015) approaches. Over the life of the fund, its portfolio will shift from a focus on funds with growth potential to a focus on funds that will preserve capital.

 

Performance Analysis as of May 31, 2014


Growth of $10,000
Growth of $10,000 - Series A - $14,556
 
  Series:  A
$14,556
Calendar Returns %
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 YTD*
 
Series: A
Calendar Returns % - Series A
 
8.5 9.4 2.3 -12.5 10.6 5.9 3.1 3.9 2.6 1.0 Fund
- 1st 2nd 4th 2nd 2nd 2nd 3rd 2nd 2nd 2nd Quartile
1Mth 3Mth 6Mth 1Yr 3Yr 5Yr 10Yr Since
Inception
Trailing Return %
0.2 0.3 1.0 2.2 2.9 4.8 4.0 Fund
3rd 3rd 2nd 2nd 2nd 2nd - - Quartile

Portfolio Analysis

Asset Mix
Category % Assets
 
Cash 58.0
 
Fixed Income 42.0
 
Canadian Equity 0.0
 
US Equity 0.0
 
International Equity 0.0
 
Other 0.0
Global Equity Sectors % Equity
Financials 24.9
Energy 14.1
Consumer Discretionary 13
Industrials 11.5
Information Technology 9.7
Consumer Staples 8.2
Health Care 6.7
Materials 5.3
Telecommunications Services 4.2
Utilities 2.4
Other 0
Fixed Income Breakdown % Fixed Income
Government Bonds 27.2
Corporate Bonds 28.4
Other Bonds 0.6
Mortgage Backed Securities 0.1
ST Investments (Cash & Other) 43.6
Asset Backed Securities 0.1

Source: Data is provided by Morningstar Canada, updated monthly on the 10th business day.

© Morningstar Research Inc. All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results. 

 

Fund Info & Commentaries

 
 

Fund Details

Series: A
Fund Code: RBF584
Load Structure: No Load
Currency: CAD

 
Inception Date: Aug, 2004
Series A NAV $: 11.67
Series A MER %: 1.05
Benchmark:
  • 73% FTSE TMX Canada Universe Bond Index
  • 11% S&P/TSX Capped Composite Index
  • 11% S&P 500 (C$)
  • 5% MSCI EAFE (C$)

 
Income Distribution: Annually
Capital Gains Distribution: Annually

 
Sales Status: Open
Minimum Investment $: 500
Subsequent Investment $: 25

 
 
 

Notes

This is a continuing fund resulting from a merger effective July 4, 2006.

 
 

Manager