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RBC Retirement 2040 Portfolio Series A

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2035+ Target Date

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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
(11-22-2024) 		$14.06
Change
$0.04 (0.27%)

As at October 31, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

RBC Retirement 2040 Portfolio Series A

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Fund Returns

Inception Return (October 11, 2016): 6.25%

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 0.06% 2.64% 9.25% 13.08% 22.39% 12.05% 3.82% 7.48% 6.56% 7.24% 5.86% 6.24% - -
Benchmark 0.42% 2.79% 10.62% 17.20% 26.88% 18.07% 6.92% 9.55% 8.96% 9.52% 8.24% 8.84% 8.53% 9.24%
Category Average 0.19% 2.76% 9.63% 15.22% 25.63% 14.58% 5.45% 9.57% 8.47% 8.73% 7.07% 7.50% - -
Category Rank 46 / 64 45 / 64 58 / 61 56 / 61 58 / 59 48 / 55 42 / 52 39 / 51 33 / 41 35 / 41 28 / 31 27 / 31 - -
Quartile Ranking 3 3 4 4 4 4 4 4 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.18% 2.90% 0.76% 2.51% 2.14% -1.89% 2.43% 0.91% 2.99% 0.32% 2.25% 0.06%
Benchmark 5.87% 2.26% 1.06% 4.23% 2.30% -1.69% 2.36% 2.01% 3.06% -0.02% 2.38% 0.42%

Best Monthly Return Since Inception

7.33% (April 2020)

Worst Monthly Return Since Inception

-9.94% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 8.32% -3.74% 15.36% 8.83% 12.32% -10.89% 8.54%
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 3 4 4 4 1 4
Category Rank - - - 29/ 31 18/ 31 39/ 41 41/ 41 39/ 51 13/ 52 43/ 55

Best Calendar Return (Last 10 years)

15.36% (2019)

Worst Calendar Return (Last 10 years)

-10.89% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 32.31
Canadian Equity 25.84
International Equity 19.32
Foreign Corporate Bonds 5.56
Foreign Government Bonds 4.81
Other 12.16

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 16.88
Financial Services 16.30
Technology 15.37
Consumer Services 6.61
Consumer Goods 5.86
Other 38.98

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.97
Europe 14.79
Asia 8.93
Latin America 1.99
Multi-National 1.10
Other 1.22

Top Holdings

Top Holdings
Name Percent
PH&N U.S. Multi-Style All-Cap Equity Fund Series O 12.45
PH&N Canadian Equity Underlying Fund Series O 6.48
RBC Global Dividend Growth Fund Series O 6.39
RBC Global Equity Focus Fund Series O 6.06
PH&N Canadian Growth Fund Series O 5.44
RBC QUBE Low Volatility Global Equity Fund O 4.40
PH&N Conservative Equity Income Fund Series O 4.07
RBC Emerging Markets Equity Fund Series O 4.05
PH&N U.S. Equity Fund Series O 3.98
RBC European Equity Fund Series O 3.51

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 2040 Portfolio Series A

Median

Other - 2035+ Target Date

3 Yr Annualized

Standard Deviation 9.47% 10.30% -
Beta 0.88% 0.97% -
Alpha -0.02% -0.02% -
Rsquared 0.95% 0.92% -
Sharpe 0.08% 0.45% -
Sortino 0.18% 0.54% -
Treynor 0.01% 0.05% -
Tax Efficiency 80.03% 90.30% -
Volatility Volatility rating is 4 on a scale of 1 to 10 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 6.25% 9.47% 10.30% -
Beta 0.87% 0.88% 0.97% -
Alpha -0.01% -0.02% -0.02% -
Rsquared 0.90% 0.95% 0.92% -
Sharpe 2.55% 0.08% 0.45% -
Sortino 8.17% 0.18% 0.54% -
Treynor 0.18% 0.01% 0.05% -
Tax Efficiency 96.33% 80.03% 90.30% -

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.

View the full methodology

Fund Details

Start Date October 11, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $139

Fund Codes

FundServ Code Load Code Sales Status
RBF1513

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 2040. 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 09-27-2016

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
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 10,000
SWP Min Withdrawal 100

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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