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 $: 12.54
Series A MER %: 1.62
Benchmark:
  • 75.1% FTSE TMX CUB
  • 9.1% S&P/TSX Capped Composite Total Return
  • 9.1% S&P 500 Total Return (C$)
  • 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  August 31, 2016

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    RBC Bond Fund 34.7
    RBC Canadian Short -Term Income Fund 29.6
    RBC Global Bond Fund 9.9
    PH&N Total Return Bond Fund 4.9
    RBC Canadian Equity Fund 3.7
    RBC European Equity Fund 3.0
    RBC Canadian Dividend Fund 1.8
    RBC O'Shaughnessy US Value Fund 1.8
    RBC QUBE Low Volatility Cdn Equity Fund 1.8
    RBC Private US Large Cap Equity Pool Fund 1.5
    % Assets
    Total % of Top Ten Holdings 92.7
    Total Number of Portfolio Holdings 17
    Total Number of Stock Holdings 1,096
    Total Number of Bond Holdings 2,594
    Total Number of Other Holdings 87
    Total Number of Underlying Holdings 3,777
    Equity Style
    Statistics %
    P/B Ratio 2.1
    P/E Ratio 17.9
    Avg. Mkt Cap. $Bil 31.7
    Global Equity Sectors
    % Equity
    Financials 21.7
    Industrials 12.4
    Information Technology 11.7
    Consumer Discretionary 11.4
    Consumer Staples 10
    Energy 9.5
    Health Care 8.2
    Materials 5.2
    Telecommunications Services 4
    Utilities 3.1
    Other 0.1