RBC 1-5 Year Laddered Corporate Bond ETF

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Investment Objective

RBC 1-5 Year Laddered Corporate Bond ETF seeks to provide unitholders with exposure to the performance of a diversified portfolio of Canadian corporate bonds, divided (“laddered”) into five groupings with staggered maturities from one to five years, that will provide regular income while preserving capital.

Fund Information

Ticker Symbol: RBO
Exchange: TSX
Assets ($mm): 186.14
Units Outstanding: 9,750,000
Mgmt. Fee**: 0.25
MER*: 0.28
CUSIP: 74932K103
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Jan, 2014
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Fund Market Price
(as of April 17, 2019)
Closing Price 19.11
Change ($) 0.02
Change (%) 0.10
Market 52 Week High 19.17
Market 52 Week Low 13.78
Volume 6,359
Fund Net Asset Value
(as of April 17, 2019)
NAV Price 19.09
Change ($) -0.01
Change (%) -0.03
NAV per Share 52 Week High 19.14
NAV per Share 52 Week Low 18.64

Performance Analysis

(as of March 31, 2019)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 2.39% 1.02% 2.39% 3.35% 3.68% 1.99% 2.15% 2.25%

Portfolio Analysis

 (as of April 17, 2019)
Number of Securities 149
Weighted Average Yield to Maturity (%)* 2.45
Weighted Average Current Yield (%)* 2.9
Weighted Average Coupon (%)* 2.97
Weighted Average Duration 2.96
Weighted Average Credit Rating A+
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of March 31, 2019)

Sector Breakdown
(as of March 31, 2019)

Underlying Holdings  (as of April 17, 2019) % Assets
RBC Target 2020 Corporate Bond Index ETF 20.0
RBC Target 2021 Corporate Bond Index ETF 20.0
RBC Target 2022 Corporate Bond Index ETF 20.0
RBC Target 2023 Corporate Bond Index ETF 20.0
RBC Target 2024 Corporate Bond Index ETF 20.0
Canadian Dollar
Top Holdings (% of Portfolio) 100.0%
Total Number of Holdings 149

Distributions & Tax Information

Distributions for Year: 2019
Choose distribution year:
Distr. Period Ex-Dividend Date Record Date Pay Date Cash Distr. Per Unit Re-invested Distr. Per Unit Total Distr. Per Unit††
Jan, 2019 01-23-2019 01-24-2019 01-31-2019 0.044 0.044
Feb, 2019 02-21-2019 02-22-2019 02-28-2019 0.040 0.040
Mar, 2019 03-21-2019 03-22-2019 03-29-2019 0.040 0.040
Apr, 2019 04-22-2019 04-23-2019 04-30-2019 0.042 0.042
Year to Date   0.166 0.166

† 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.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or Fund Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, commission charges or income taxes payable by any unitholder that would have reduced returns.