RBC Target 2020 Education Fund

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Sarah Riopelle

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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 2020. 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 (2020) 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.

Fund Details

Series: A
Fund Code: RBF585
Load Structure: No Load
Currency: CAD
Inception Date: Aug, 2004
Series A NAV $: 12.34
Series A MER %: 1.62
Benchmark:
  • 75.1% FTSE TMX CUB
  • 9.1% S&P/TSX Capped Composite Total Return
  • 9.1% S&P 500 Total Return (C$)
  • 6.7% MSCI EAFE Total Return Net (C$)


  • Income Distribution: Annually
    Capital Gains Distribution: Annually
    Sales Status: Open
    Minimum Investment $: 500
    Subsequent Investment $: 25

    Notes:

    Resources


    Performance Analysis as of  May 31, 2017

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    RBC Canadian Short -Term Income Fund 35.4
    RBC Global Bond Fund 15.0
    RBC Bond Fund 14.3
    RBC Canadian Money Market 12.0
    PH&N Short Term Bond & Mortgage Fund 4.9
    PH&N Total Return Bond Fund 3.0
    RBC Canadian Equity Fund 2.4
    RBC European Equity Fund 2.2
    RBC O'Shaughnessy US Value Fund 1.4
    RBC QUBE Low Volatility Cdn Equity Fund 1.3
    % Assets
    Total % of Top Ten Holdings 91.9
    Total Number of Portfolio Holdings 19
    Total Number of Stock Holdings 2,937
    Total Number of Bond Holdings 2,486
    Total Number of Other Holdings 158
    Total Number of Underlying Holdings 5,581
    Equity Style
    Statistics
    P/B Ratio 2.3
    P/E Ratio 17.7
    Avg. Mkt Cap. $Bil 38.0
    Global Equity Sectors
    % Equity
    Financials 22.8
    Information Technology 12.6
    Industrials 12.2
    Consumer Discretionary 11.7
    Consumer Staples 9.0
    Energy 8.7
    Health Care 8.4
    Materials 5.4
    Telecommunications Services 3.4
    Utilities 3.0
    Real Estate 2.8
    Other 0.0