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RBC Target 2035 Education Fund Series A

2035 Target Date

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022

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NAVPS
(04-19-2024)
$11.38
Change
-$0.02 (-0.16%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

RBC Target 2035 Education Fund Series A

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Fund Returns

Inception Return (August 28, 2017): 5.81%

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 1.86% 4.54% 12.63% 4.54% 10.49% 3.74% 3.87% 9.50% 5.77% 5.47% - - - -
Benchmark 2.30% 7.76% 16.43% 7.76% 17.03% 8.32% 6.28% 10.74% 8.09% 7.66% 7.94% 8.66% 7.72% 8.79%
Category Average 2.06% 13.07% 13.07% 5.07% 10.68% 3.87% 4.07% 9.06% 5.89% 5.48% 5.51% - - -
Category Rank 13 / 17 13 / 17 16 / 17 13 / 17 13 / 17 11 / 16 9 / 15 9 / 15 9 / 15 9 / 14 - - - -
Quartile Ranking 4 4 4 4 4 3 3 3 3 3 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.52% -2.30% 1.84% 1.11% -0.83% -3.13% -1.18% 5.66% 3.19% 0.14% 2.49% 1.86%
Benchmark 1.47% -1.16% 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30%

Best Monthly Return Since Inception

7.40% (April 2020)

Worst Monthly Return Since Inception

-10.27% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -5.17% 15.77% 8.38% 11.91% -10.53% 9.67%
Benchmark 13.13% 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07%
Category Average - - - 9.08% -4.23% 14.42% 9.84% 11.58% -10.66% 9.20%
Quartile Ranking - - - - 4 4 4 3 2 3
Category Rank - - - - 14/ 14 12/ 15 14/ 15 8/ 15 7/ 16 10/ 16

Best Calendar Return (Last 10 years)

15.77% (2019)

Worst Calendar Return (Last 10 years)

-10.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 21.22
Canadian Equity 20.15
International Equity 17.44
Canadian Corporate Bonds 15.81
Canadian Government Bonds 15.38
Other 10.00

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.65
Financial Services 12.83
Technology 11.47
Energy 4.98
Consumer Services 4.91
Other 29.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.39
Europe 9.68
Asia 7.37
Latin America 1.02
Africa and Middle East 0.24
Other 0.30

Top Holdings

Top Holdings
Name Percent
RBC Bond Fund Series O 26.05
RBC Canadian Equity Fund Series O 10.76
RBC European Equity Fund Series O 8.71
RBC High Yield Bond Fund Series O 7.72
RBC U.S. Equity Fund Series O 6.25
RBC Private U.S. Large-Cap Core Equity Pool O 6.23
PH&N U.S. Multi-Style All-Cap Equity Fund Series O 5.46
RBC Canadian Dividend Fund Series O 4.98
PH&N Total Return Bond Fund Series O 4.97
RBC QUBE Low Volatility Canadian Equity Fund O 4.23

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 Target 2035 Education Fund Series A

Median

Other - 2035 Target Date

3 Yr Annualized

Standard Deviation 9.64% 10.67% -
Beta 0.87% 0.99% -
Alpha -0.02% -0.02% -
Rsquared 0.92% 0.91% -
Sharpe 0.17% 0.40% -
Sortino 0.19% 0.43% -
Treynor 0.02% 0.04% -
Tax Efficiency 75.13% 85.36% -
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 8.55% 9.64% 10.67% -
Beta 0.93% 0.87% 0.99% -
Alpha -0.05% -0.02% -0.02% -
Rsquared 0.89% 0.92% 0.91% -
Sharpe 0.66% 0.17% 0.40% -
Sortino 1.60% 0.19% 0.43% -
Treynor 0.06% 0.02% 0.04% -
Tax Efficiency 90.86% 75.13% 85.36% -

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.

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Fund Details

Start Date August 28, 2017
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $827

Fund Codes

FundServ Code Load Code Sales Status
RBF522

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 2035. 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 (2035) 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 08-28-2017

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 1.96%
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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