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RBC Target 2040 Education Fund Series A
2040 Target Date Portflio
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FundGrade C
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-13-2026) |
$14.23 |
|---|---|
| Change |
$0.03
(0.22%)
|
As at April 30, 2026
As at March 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (July 18, 2022): 13.18%
| 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 | 4.24% | 3.08% | 4.63% | 4.44% | 20.56% | 14.83% | 12.92% | - | - | - | - | - | - | - |
| Benchmark | 5.33% | 3.04% | 3.22% | 4.60% | 21.82% | 16.54% | 15.48% | 13.35% | 9.63% | 11.18% | 9.71% | 9.60% | 9.08% | 10.21% |
| Category Average | 4.37% | 3.21% | 5.18% | 4.97% | - | - | - | - | - | - | - | - | - | - |
| Category Rank | 13 / 18 | 12 / 18 | 15 / 18 | 13 / 18 | 14 / 16 | 15 / 16 | 12 / 16 | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 4 | 3 | 4 | 4 | 3 | - | - | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.89% | 2.47% | 0.97% | 1.92% | 3.55% | 1.57% | 0.56% | -0.38% | 1.32% | 2.87% | -3.87% | 4.24% |
| Benchmark | 3.76% | 3.03% | 2.10% | 1.67% | 4.09% | 2.18% | -0.22% | -1.10% | 1.51% | 2.14% | -4.22% | 5.33% |
Best Monthly Return Since Inception
5.94% (November 2023)
Worst Monthly Return Since Inception
-3.87% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 10.93% | 15.51% | 13.65% |
| Benchmark | 3.66% | 11.99% | 0.72% | 16.29% | 12.17% | 11.33% | -12.03% | 15.07% | 21.57% | 13.15% |
| Category Average | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | 3 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 8/ 15 | 13/ 16 | 13/ 16 |
Best Calendar Return (Last 10 years)
15.51% (2024)
Worst Calendar Return (Last 10 years)
10.93% (2023)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 23.75 |
| Canadian Equity | 22.68 |
| International Equity | 19.81 |
| Canadian Bonds - Funds | 11.24 |
| Canadian Government Bonds | 10.50 |
| Other | 12.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 30.71 |
| Financial Services | 15.17 |
| Technology | 14.06 |
| Consumer Services | 5.38 |
| Energy | 5.36 |
| Other | 29.32 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 79.61 |
| Europe | 10.49 |
| Asia | 8.73 |
| Latin America | 0.86 |
| Africa and Middle East | 0.24 |
| Other | 0.07 |
Top Holdings
| Name | Percent |
|---|---|
| RBC Bond Fund Series O | 20.12 |
| RBC Canadian Equity Fund Series O | 11.81 |
| RBC High Yield Bond Fund Series O | 11.11 |
| RBC European Equity Fund Series O | 9.68 |
| RBC Private U.S. Large-Cap Core Equity Pool O | 7.17 |
| RBC U.S. Equity Fund Series O | 7.17 |
| PH&N U.S. Multi-Style All-Cap Equity Fund Series O | 5.51 |
| RBC Canadian Dividend Fund Series O | 5.05 |
| RBC U.S. Mid-Cap Growth Equity Fund Series O | 4.73 |
| PH&N Canadian Growth Fund Series O | 4.04 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
RBC Target 2040 Education Fund Series A
Median
Other - 2040 Target Date Portflio
3 Yr Annualized
| Standard Deviation | 8.01% | - | - |
|---|---|---|---|
| Beta | 0.91 | - | - |
| Alpha | -0.01 | - | - |
| Rsquared | 0.92% | - | - |
| Sharpe | 1.11 | - | - |
| Sortino | 2.15 | - | - |
| Treynor | 0.10 | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.66% | 8.01% | - | - |
| Beta | 0.84 | 0.91 | - | - |
| Alpha | 0.02 | -0.01 | - | - |
| Rsquared | 0.94% | 0.92% | - | - |
| Sharpe | 2.18 | 1.11 | - | - |
| Sortino | 3.87 | 2.15 | - | - |
| Treynor | 0.20 | 0.10 | - | - |
| Tax Efficiency | 93.55% | - | - | - |
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) | $278 |
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 Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
Royal Bank of Canada RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) |
| Distributor |
Royal Mutual Funds Inc. |
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 | 1.96% |
|---|---|
| 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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