Investment objective

This fund is an asset allocation fund designed to meet the needs of investors who are saving money towards their retirement, which they expect will commence around 2035. The fund invests primarily in equities until 10 years prior to retirement, at which point it gradually shifts its asset mix from an emphasis on equity funds to an emphasis on fixed income funds. Over the life of the fund, its portfolio will shift from a focus on funds with growth potential to a focus on funds that will preserve capital.

  • Fund Category Balanced Funds & Portfolio Solutions
  • Inception Date Oct 11, 2016
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35116 0.86%

Portfolio analysis As of Mar 31, 2025

68% 32%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Fixed Income Breakdown
Financials23.0%
Information Technology17.3%
Industrials11.7%
Consumer Discretionary8.2%
Health Care8.0%
Consumer Staples7.5%
Energy7.2%
Communication Services5.7%
Materials5.7%
Utilities3.3%
Real Estate2.4%
Corporate Bonds50.6%
Government Bonds43.7%
ST Investments (Cash & Other)5.1%
Asset Backed Securities0.4%
Other Bonds0.3%
Top 10 Holdings
% Assets
Phillips, Hager & North U.S. Multi-Style All-Cap Equity Fund - Series O 13.2%
RBC Global Dividend Growth Fund - Series O 6.3%
Phillips, Hager & North Canadian Equity Underlying Fund - Series O 5.2%
Phillips, Hager & North Conservative Equity Income Fund - Series O 4.4%
RBC Global Equity Focus Fund - Series O 4.2%
Phillips, Hager & North Total Return Bond Fund - Series O 4.1%
RBC Bond Fund - Series O 4.1%
Phillips, Hager & North U.S. Equity Fund - Series O 4.1%
RBC QUBE Low Volatility Canadian Equity Fund - Series O 4.0%
RBC Emerging Markets Equity Fund - Series O 3.4%
Total % of Top 10 Holdings 53.0%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
-1.6 -3.9 0.7 10.2 7.3 8.5 - 7.0 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.00 0.85 0.47 0.41 0.54 0.29 0.26 0.39 0.41 0.37 ---
Interest --- 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.04 ---
Canadian dividends --- 0.16 0.16 0.03 --- 0.03 0.02 0.03 0.06 0.08 ---
Foreign dividends --- 0.08 0.09 0.19 0.16 0.20 0.20 0.19 0.17 0.14 ---
Foreign taxes paid --- -0.03 -0.03 -0.02 -0.03 -0.03 -0.03 -0.03 -0.02 -0.02 ---
Capital gains --- 0.61 0.23 0.18 0.37 0.08 0.06 0.19 0.20 0.13 ---
Return of capital --- 0.02 0.02 0.02 0.03 --- --- --- --- --- ---

* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.