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RBC Retirement 2060 Portfolio Series A

2035+ Target Date

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-17-2024)
$10.40
Change
$0.02 (0.21%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

RBC Retirement 2060 Portfolio Series A

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Fund Returns

Inception Return (August 24, 2020): 3.39%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.62% 2.46% 11.00% 2.87% 6.93% 4.53% 1.44% - - - - - - -
Benchmark -1.69% 4.83% 14.69% 5.94% 13.39% 10.26% 5.25% 8.59% 7.10% 7.38% 7.04% 8.68% 7.83% 8.60%
Category Average -1.76% 14.60% 14.60% 5.10% 10.06% 7.12% 4.47% 8.95% 6.67% 6.53% 6.05% - - -
Category Rank 27 / 61 56 / 61 59 / 59 53 / 61 51 / 59 44 / 52 45 / 51 - - - - - - -
Quartile Ranking 2 4 4 4 4 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.06% 1.64% 1.42% -0.84% -2.75% -1.04% 4.96% 2.80% 0.40% 2.14% 1.97% -1.62%
Benchmark -1.16% 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30% -1.69%

Best Monthly Return Since Inception

5.36% (November 2020)

Worst Monthly Return Since Inception

-4.96% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 8.09% -11.20% 8.69%
Benchmark 13.13% 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07%
Category Average - - - 9.84% -4.94% 15.96% 11.33% 14.69% -10.61% 10.61%
Quartile Ranking - - - - - - - 4 2 3
Category Rank - - - - - - - 51/ 51 19/ 52 40/ 55

Best Calendar Return (Last 10 years)

8.69% (2023)

Worst Calendar Return (Last 10 years)

-11.20% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 21.34
Canadian Equity 20.28
International Equity 13.73
Canadian Corporate Bonds 10.24
Canadian Government Bonds 8.81
Other 25.60

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.03
Financial Services 11.25
Technology 9.91
Cash and Cash Equivalent 5.16
Consumer Services 4.51
Other 31.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 70.36
Europe 13.12
Asia 7.63
Multi-National 6.06
Latin America 1.78
Other 1.05

Top Holdings

Top Holdings
Name Percent
RBC Global Equity Leaders Fund Series O 9.73
RBC Canadian Short-Term Income Fund Series O 8.62
PH&N U.S. Multi-Style All-Cap Equity Fund Series O 7.23
PH&N Canadian Equity Underlying Fund Series O 6.86
PH&N Canadian Growth Fund Series O 6.52
PH&N Total Return Bond Fund Series O 5.15
RBC Bond Fund Series O 5.13
BlueBay European High Yield Bond Fund (Canada) O 5.09
RBC Global High Yield Bond Fund Series O 5.07
RBC U.S. Mid-Cap Value Equity Fund Series O 4.88

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

RBC Retirement 2060 Portfolio Series A

Median

Other - 2035+ Target Date

3 Yr Annualized

Standard Deviation 8.64% - -
Beta 0.79% - -
Alpha -0.03% - -
Rsquared 0.94% - -
Sharpe -0.11% - -
Sortino -0.19% - -
Treynor -0.01% - -
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 - -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.95% 8.64% - -
Beta 0.82% 0.79% - -
Alpha -0.04% -0.03% - -
Rsquared 0.90% 0.94% - -
Sharpe 0.28% -0.11% - -
Sortino 0.88% -0.19% - -
Treynor 0.03% -0.01% - -
Tax Efficiency 87.98% - - -

Fund Details

Start Date August 24, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $17

Fund Codes

FundServ Code Load Code Sales Status
RBF1532

Investment Objectives

To provide total returns comprised of income and modest capital appreciation. This fund is an asset allocation fund specifically designed to meet the changing needs of investors who are saving money for retirement that commences around 2060. The fund invests primarily in a diversified portfolio of equity, fixed-income and/or money market securities from anywhere around the world, either directly or indirectly through investment in other mutual funds managed by RBC GAM or an affiliate of RBC GAM.

Investment Strategy

It is expected that the fund will invest up to 100% of its net assets in units of the underlying funds. The portfolio manager uses an asset allocation strategy as the principal investment strategy (see About the asset allocation strategy for retirement portfolios).

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 06-16-2020

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Royal Mutual Funds Inc.
Auditor PricewaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.98%
Management Fee 1.70%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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