RBC 1-5 Year Laddered Canadian Bond ETF

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Investment Objective

The RBC ETF seeks to provide unitholders with exposure primarily to the performance of a diversified portfolio of Canadian corporate and government bonds, divided (“laddered”) into five groupings with staggered maturities from one to five years, that will provide regular income while preserving capital. The RBC ETF is not an index mutual fund and is managed in the discretion of the manager in accordance with its investment objectives and strategies and, as such, is generally more active in nature than index mutual funds.

Fund Information

Ticker Symbol: RLB
Exchange: TSX
Assets ($mm): 237.87
Units Outstanding: 12,300,000
Mgmt. Fee**: 0.22
2017 MER*: 0.24
CUSIP: 74933L100
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Jan, 2016
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of December 11, 2017)
Closing Price 19.34
Change ($) 0.01
Change (%) 0.05
Market 52 Week High 19.83
Market 52 Week Low 19.26
Volume 26,200
Fund Net Asset Value
(as of December 11, 2017)
NAV Price 19.34
Change ($) 0.00
Change (%) -0.02
NAV per Share 52 Week High 19.83
NAV per Share 52 Week Low 19.27
   


Performance Analysis

(as of November 30, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 1.00% 0.16% 0.32% -0.58% 0.92% 1.45%


Portfolio Analysis

 (as of December 11, 2017)
Number of Securities 148
Weighted Average Yield to Maturity (%)* 2.2
Weighted Average Current Yield (%)* 3
Weighted Average Coupon (%)* 3.10
Weighted Average Duration 3.34
Weighted Average Credit Rating A+
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of November 30, 2017)


Sector Breakdown
(as of November 30, 2017)


Underlying Holdings  (as of December 11, 2017) % Assets
RBC TARGET 2022 CORP BD INDEX ETF 14.0
RBC TARGET 2020 CORP BOND INDEX ETF 14.0
RBC TARGET 2019 CORP BOND INDEX ETF 14.0
RBC TARGET 2021 CORP BOND INDEX ETF 14.0
RBC TARGET 2023 CORP BD INDEX ETF 14.0
CANADA GOVT 3.7500 JUN 01 19 6.0
CANADA HOUSING TRUST 1.450 JUN 15 20 6.0
ONTARIO PROV 2.850 JUN 02 23 3.0
ONTARIO PROV 3.150 JUN 02 22 3.0
QUEBEC PROV 3.500 DEC 01 22 3.0
 
Top Holdings (% of Portfolio) 91.1%
Total Number of Holdings 148


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††
Jan, 2017 01/23/2017 01/25/2017 01/31/2017 0.049 0.049
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.048 0.048
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.045 0.045
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.041 0.041
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.041 0.041
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.047 0.047
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.050 0.050
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.053 0.053
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.050 0.050
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.048 0.048
Nov, 2017 11/23/2017 11/24/2017 11/30/2017 0.045 0.045
Year to Date   0.517 0.517

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.