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): 224.36
Units Outstanding: 11,750,000
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 February 15, 2018)
Closing Price 19.10
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 19.88
Market 52 Week Low 19.07
Volume 21,300
Fund Net Asset Value
(as of February 15, 2018)
NAV Price 19.09
Change ($) 0.00
Change (%) 0.00
NAV per Share 52 Week High 19.83
NAV per Share 52 Week Low 19.09
   


Performance Analysis

(as of January 31, 2018)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV -0.28% -0.28% -0.66% -0.07% -0.13% 0.92%


Portfolio Analysis

 (as of February 15, 2018)
Number of Securities 147
Weighted Average Yield to Maturity (%)* 2.52
Weighted Average Current Yield (%)* 3.02
Weighted Average Coupon (%)* 3.08
Weighted Average Duration 3.16
Weighted Average Credit Rating A+
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of January 31, 2018)


Sector Breakdown
(as of January 31, 2018)


Underlying Holdings  (as of February 15, 2018) % Assets
RBC TARGET 2019 CORPORATE BOND INDEX ETF 14.1
RBC TARGET 2020 CORPORATE BOND INDEX ETF 14.1
RBC TARGET 2021 CORPORATE BOND INDEX ETF 14.0
RBC TARGET 2022 CORPORATE BOND INDEX ETF 14.0
RBC TARGET 2023 CORPORATE BOND INDEX ETF 13.9
CANADIAN GOVERNMENT 3.75% 2019/06/01 6.0
CANADA HOUSING TRUST NO 1 1.45% 2020/06/15 6.0
PROVINCE OF ALBERTA 1.35% 2021/09/01 3.0
PROVINCE OF ONTARIO 3.15% 2022/06/02 3.0
PROVINCE OF QUEBEC 3.5% 2022/12/01 3.0
 
Top Holdings (% of Portfolio) 91.1%
Total Number of Holdings 147


Distributions & Tax Information

Distributions for Year: 2018
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, 2018 01/24/2018 01/25/2018 01/31/2018 0.043 0.043
Year to Date   0.043 0.043

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.