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 2050. After an initial phase of increasing equity exposure, 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 35119 0.86%

Portfolio analysis As of Apr 30, 2026

93% 7%
Equity Fixed Income

Asset mix

Equity Sector Allocation

Fixed Income Breakdown

Financials20.6%
Information Technology19.1%
Industrials12.3%
Energy8.1%
Materials7.1%
Consumer Discretionary7.0%
Communication Services6.8%
Health Care6.4%
Consumer Staples6.0%
Utilities4.2%
Real Estate2.3%
Unclassified0.1%
Corporate Bonds47.1%
Government Bonds36.2%
Other Bonds9.7%
ST Investments (Cash & Other)6.7%
Asset Backed Securities0.3%

Top 10 Holdings

% Assets
Phillips, Hager & North U.S. Multi-Style All-Cap Equity Fund - Series O 15.2%
Phillips, Hager & North Canadian Equity Underlying Fund - Series O 8.1%
Phillips, Hager & North Canadian Growth Fund - Series O 7.3%
RBC Global Dividend Growth Fund - Series O 6.0%
RBC Global Equity Focus Fund - Series O 5.6%
RBC Emerging Markets Equity Fund - Series O 5.2%
RBC Global Equity Leaders Fund - Series O 5.2%
Phillips, Hager & North U.S. Equity Fund - Series O 5.1%
RBC QUBE Low Volatility Global Equity Fund - Series O 4.8%
RBC European Equity Fund - Series O 4.2%
Total % of Top 10 Holdings 66.7%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

Empty column 1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception Empty column
3.6 4.2 9.2 24.3 16.7 9.5 - 8.7 Fund

Distribution ($)/unit

Empty column YTD* 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Total distributions 0.00 0.76 0.33 0.44 0.39 0.52 0.33 0.27 0.39 0.39 0.24
Interest --- 0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.04
Canadian dividends --- 0.00 0.03 0.16 0.03 --- 0.04 0.04 0.06 0.08 0.05
Foreign dividends --- 0.21 0.23 0.09 0.19 0.17 0.20 0.18 0.17 0.14 0.07
Foreign taxes paid --- -0.07 -0.05 -0.03 -0.02 -0.04 -0.03 -0.02 -0.02 -0.02 -0.01
Capital gains --- 0.56 0.08 0.19 0.15 0.34 0.11 0.06 0.19 0.18 0.09
Return of capital --- 0.05 0.02 0.02 0.02 0.04 --- --- --- --- ---

* 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.