RBC 1-5 Year Laddered Canadian Bond ETF

You are on: FUND INDIVIDUAL page

Select Another Fund:
Go

 

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): 219.23
Units Outstanding: 11,150,000
Mgmt. Fee**: 0.22
2016 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


Notes:

Prices

Fund Market Price
(as of June 23, 2017)
Closing Price 19.68
Change ($) 0.04
Change (%) 0.18
Market 52 Week High 20.00
Market 52 Week Low 19.62
Volume 13,616.00
Fund Net Asset Value
(as of June 23, 2017)
NAV Price 19.66
Change ($) 0.02
Change (%) 0.09
NAV per Share 52 Week High 19.98
NAV per Share 52 Week Low 19.64
   


Performance Analysis

(as of May 31, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 1.59% 0.16% 0.81% 1.51% 2.30% 2.44%


Portfolio Analysis

 (as of June 23, 2017)
Number of Securities 141
Weighted Average Yield to Maturity (%)* 1.56
Weighted Average Current Yield (%)* 2.94
Weighted Average Coupon (%)* 3.09
Weighted Average Duration 2.95
Weighted Average Credit Rating A+
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of May 31, 2017)


Sector Breakdown
(as of May 31, 2017)


Underlying Holdings  (as of June 23, 2017) % Assets
RBC TARGET 2018 CORPORATE BOND INDEX ETF 0.65% 01NOV18 14.0
RBC TARGET 2020 CORPORATE BOND INDEX ETF 0.54% 01NOV20 14.0
RBC TAR 2022 CORP BD INDEX ETF 0.40% 01NOV22 14.0
RBC TARGET 2019 CORPORATE BOND INDEX ETF 0.78% 01NOV19 14.0
RBC TARGET 2021 CORPORATE BOND INDEX ETF 0.56% 01NOV21 14.0
PROVINCE OF ONTARIO CANADA 3.15% 02JUN22 6.0
CANADIAN GOVERNMENT BOND 4.25% 01JUN18 6.0
CANADA HOUSING TRUST NO 1 1.95% 15JUN19 6.0
PROVINCE OF BRITISH COLUMBIA CANADA 3.25% 18DEC21 3.0
PROVINCE OF ALBERTA CANADA 1.25% 01JUN20 3.0
 
Top Holdings (% of Portfolio) 94.0%
Total Number of Holdings 141


Distributions & Tax Information

Distributions for Year: 2017
Choose distribution year:
Go
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
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.047 0.047
Year to Date   0.230 0.230

† 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.