When your child’s first deductions are made you will receive a package from ACTRA PRS with several options for investment. If a selection is not made the Minor’s money will be automatically put into the RBC Premium Money Market Fund.

RBC Premium Money Market Fund
The objective of this fund is to provide current income and liquidity by investing in high-quality short-term debt securities. Click here for more information on this fund.

RBC Target Education Fund
This is an asset allocation fund specifically designed to meet the changing needs of investors who are saving money for post-secondary education starting at around age 18. 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 approaches. Over the life of the fund, its portfolio will shift from a focus on funds with growth potential to a focus on funds that preserve capital.

RBC invests in growth-oriented RBC funds in the early years to help ensure that there is sufficient grown to cover the ever-rising costs of post-secondary education.

The closer your child gets to attending college or university, the more conservative the asset mix in RBC Target Education Fund becomes