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RBC Target 2040 Education Fund Series A

2035+ Target Date

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-18-2024)
$12.09
Change
-$0.06 (-0.50%)

As at June 30, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

RBC Target 2040 Education Fund Series A

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Fund Returns

Inception Return (July 18, 2022): 12.36%

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 0.94% 1.66% 7.74% 7.74% 13.19% - - - - - - - - -
Benchmark 2.01% 2.66% 10.63% 10.63% 17.93% 16.37% 5.77% 8.67% 8.36% 7.79% 8.14% 8.85% 8.21% 8.99%
Category Average 0.91% 8.69% 8.69% 8.69% 13.92% 12.83% 4.40% 8.69% 7.52% 6.77% 6.83% - - -
Category Rank 32 / 61 54 / 61 40 / 61 40 / 61 38 / 59 - - - - - - - - -
Quartile Ranking 3 4 3 3 3 - - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.70% -0.86% -3.19% -1.47% 5.94% 3.10% 0.51% 3.16% 2.23% -1.89% 2.65% 0.94%
Benchmark 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30% -1.69% 2.36% 2.01%

Best Monthly Return Since Inception

5.94% (November 2023)

Worst Monthly Return Since Inception

-3.21% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 10.93%
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 - - - - - - - - - 2
Category Rank - - - - - - - - - 25/ 55

Best Calendar Return (Last 10 years)

10.93% (2023)

Worst Calendar Return (Last 10 years)

10.93% (2023)

Asset Allocation

Asset Allocation
Name Percent
US Equity 24.43
Canadian Equity 23.49
International Equity 20.98
Canadian Bonds - Funds 12.92
Canadian Government Bonds 7.05
Other 11.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 27.04
Financial Services 15.27
Technology 14.12
Energy 5.77
Consumer Goods 5.46
Other 32.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.27
Europe 11.47
Asia 9.07
Latin America 0.96
Africa and Middle East 0.15
Other 0.08

Top Holdings

Top Holdings
Name Percent
RBC Bond Fund Series O 15.19
RBC High Yield Bond Fund Series O 12.92
RBC Canadian Equity Fund Series O 12.25
RBC European Equity Fund Series O 10.18
RBC U.S. Equity Fund Series O 7.40
RBC Private U.S. Large-Cap Core Equity Pool O 7.40
PH&N U.S. Multi-Style All-Cap Equity Fund Series O 5.54
PH&N Canadian Growth Fund Series O 5.07
RBC Canadian Dividend Fund Series O 5.07
RBC U.S. Mid-Cap Growth Equity Fund Series O 5.05

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date July 18, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $65

Fund Codes

FundServ Code Load Code Sales Status
RBF276

Investment Objectives

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 2040. 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 (2040) approaches.

Investment Strategy

The underlying funds are managed by RBC GAM or an affiliate of RBC GAM. The portfolio manager uses an asset allocation strategy as the principal investment strategy (see About the asset allocation strategy).

Portfolio Manager(s)

Name Start Date
Sarah Riopelle 07-12-2022

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar Royal Bank of 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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.97%
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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