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Topic: How To Invest

RBC CANADIAN DIVIDEND FUND $48.90

RBC CANADIAN DIVIDEND FUND $48.90 (RBC Funds, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-463-3863; Web site: www.royalbank.com. No load — deal directly with the bank) has 41.4% of its portfolio in Financial services stocks. It has a further 15.9% in Energy stocks.

The $8.5 billion RBC Canadian Dividend Fund’s top stock holdings are Royal Bank of Canada, Bank of Nova Scotia, TD Bank, Manulife Financial, CIBC, TransCanada Corporation, Bank of Montreal, Canadian National Railway and Power Corporation.

Over the last five years, RBC Canadian Dividend Fund has posted a 13.5% annual rate of return. That’s just over the S&P/TSX 60’s gain of 13.4% over the same period. The fund gained 10.6% over the last year, compared to the S&P/TSX 60’s gain of 15.0%. RBC Canadian Dividend’s MER is 1.72%.

RBC Canadian Dividend Fund is a buy.

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