RBC Canadian Bank Yield Index ETF

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Investment Objective

RBC Canadian Bank Yield Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a portfolio of Canadian bank stocks. Currently, the RBC Canadian Bank Yield Index ETF seeks to track the Solactive Canada Bank Yield Index (or any successor thereto). The investment strategy of the RBC Canadian Bank Yield Index ETF is to invest in and hold the Constituent Securities (as defined herein) of the Solactive Canada Bank Yield Index in substantially the same proportion as they are reflected in the Solactive Canada Bank Yield Index.

Fund Information

Ticker Symbol: RBNK
Exchange: TSX
Assets ($mm): 13.68
Units Outstanding: 650,000
Mgmt. Fee: 0.29

CUSIP: 75525D109
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: Solactive Canada Bank Yield Index
Inception Date: Oct, 2017
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of January 16, 2018)
Closing Price 21.06
Change ($) -0.01
Change (%) -0.05
Market 52 Week High 21.26
Market 52 Week Low 20.09
Volume 240,714
Fund Net Asset Value
(as of January 16, 2018)
NAV Price 21.05
Change ($) -0.02
Change (%) -0.09
NAV per Share 52 Week High 21.16
NAV per Share 52 Week Low 19.99
   


Performance Analysis

(as of December 31, 2017) 1
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV


Portfolio Analysis

 (as of January 16, 2018)
Number of Securities 6
Weighted Average Dividend Yield (%)
Weighted Average Price to Earnings 12.38
Weighted Average Price to Book 1.87
Weighted Average Market Cap ($MM) 75,562
Weighted Average Beta 1.10

Sector Breakdown
(as of December 31, 2017)


Industry Breakdown
(as of December 31, 2017)


Underlying Holdings  (as of January 16, 2018) % Assets
CANADIAN IMPERIAL BANK OF COMMERCE 26.2
BANK OF NOVA SCOTIA/THE 23.8
BANK OF MONTREAL 16.8
NATIONAL BANK OF CANADA 16.5
ROYAL BANK OF CANADA 8.5
TORONTO-DOMINION BANK/THE 8.1
CANADIAN DOLLAR
Top Holdings (% of Portfolio) 100.0%
Total Number of Holdings 6


Distributions & Tax Information

Distributions for Year: 2017
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Distr. Period Ex-Dividend Date Record Date Pay Date Cash Distr. Per Unit Re-invested Distr. Per Unit Total Distr. Per Unit††
Nov, 2017 11/23/2017 11/24/2017 11/30/2017 0.060 0.060
Dec, 2017 12/27/2017 12/29/2017 01/05/2018 0.057 0.057
Year to Date   0.117 0.117

Notes:

Securities regulations do not allow us to report performance for an exchange-traded fund that has been available for less than one year. This fund was launched October 19, 2017.

Securities regulations do not allow us to report performance, including yield, for an exchange-traded fund that has been available for less than one year.

† Distributions by the RBC ETF that are not paid in cash but result in additional units of the RBC ETF. These distributions should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

†† The exact tax treatment of the distributions for a calendar year is calculated after the RBC ETF's tax year-end. As a result, investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.