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 $: 12.21
Series A MER %: 1.62
Benchmark:
  • 73.1% FTSE TMX Canada Universe Bond Index
  • 12.9% FTSE TMX Canada 30 Day T-Bill Index
  • 5.1% S&P/TSX Capped Composite Total Return Index
  • 5.1% S&P 500 Total Return Index (C$)
  • 3.0% MSCI EAFE Total Return Net Index (C$)
  • 0.8% MSCI Emerging Markets Total Return Net Index (C$)


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

    Notes:

    Resources


    Performance Analysis as of  June 30, 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 35.6
    RBC Global Bond Fund 15.0
    RBC Bond Fund 14.3
    RBC Canadian Money Market 12.1
    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 1.9
    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 3,006
    Total Number of Bond Holdings 2,472
    Total Number of Other Holdings 174
    Total Number of Underlying Holdings 5,652
    Equity Style
    Statistics
    P/B Ratio 2.3
    P/E Ratio 17.7
    Avg. Mkt Cap. $Bil 37.2
    Global Equity Sectors
    % Equity
    Financials 23.8
    Information Technology 12.5
    Industrials 12.1
    Consumer Discretionary 11.2
    Energy 8.8
    Health Care 8.5
    Consumer Staples 8.4
    Materials 5.3
    Telecommunications Services 3.4
    Utilities 3.0
    Real Estate 2.8
    Other 0.0

    Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.