RBC Canadian Preferred Share ETF

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Investment Objective

The RBC Canadian Preferred Share ETF seeks to provide unitholders with exposure to the performance of an actively managed portfolio of rate reset preferred shares issued by Canadian companies, selected on the basis of fundamental analysis, credit research and interest rate sensitivity analysis.

Fund Information

Ticker Symbol: RPF
Exchange: TSX
Assets ($mm): 921.26
Units Outstanding: 38,377,556
Mgmt. Fee: 0.53
2017 MER: 0.59
CUSIP: 74934A103

Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Sep, 2016
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs

Resources

Monthly Update
Quarterly Update
Fund Profile
RBC ETFs Product List
ETF Investing: Tax Questions
Tax-loss harvesting
Understanding Preferred Shares

Fund Facts
Simplified Prospectus
Annual Financial Statement
Annual MRFP
Interim Financial Statement
Interim MRFP

Prices

Fund Market Price (as of June 19, 2018)
Closing Price	24.05
Change ($)	-0.01
Change (%)	-0.04
Market 52 Week High	24.78
Market 52 Week Low	23.12
Volume	90,744

Fund Net Asset Value (as of June 19, 2018)
NAV Price	24.01
Change ($)	-0.07
Change (%)	-0.30
NAV per Share 52 Week High	24.74
NAV per Share 52 Week Low	23.12

Performance Analysis

(as of May 31, 2018)

	YTD	1Mo	3Mo	6Mo	1Yr	3Yr	5Yr	Since Incep
NAV	0.63%	1.61%	-0.24%	0.72%	10.54%	–	–	15.64%

Portfolio Analysis

(as of June 19, 2018)

Number of Securities	166
Weighted Average Dividend Yield (%)	4.63
Weighted Average Price to Earnings	14.80
Weighted Average Price to Book	1.52
Weighted Average Market Cap ($MM)	54,883
Weighted Average Beta	0.48

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

Sector Breakdown
(as of May 31, 2018)

Underlying Holdings (as of June 19, 2018)	% Assets
Toronto-Dominion Bank/The 4.00% - Series 14 Preferred Shares	1.7
Enbridge Inc - Series N Preferred Shares	1.6
BCE Inc 2.00% - Series AK Preferred Shares	1.6
Pembina Pipeline Corp - Series 1 Preferred Shares	1.6
Enbridge Inc 4.00% - Series F Preferred Shares	1.6
Royal Bank of Canada 5.00% - Series BK Preferred Shares	1.5
Toronto-Dominion Bank/The 5.00% - Series 12 Preferred Shares	1.4
BCE Inc 4.00% - Series AQ Preferred Shares	1.4
Emera Inc - Series C Preferred Shares	1.4
Royal Bank of Canada 3.00% - Series BD Preferred Shares	1.4

Royal Bank of Canada 5.00% - Series BM Preferred Shares	1.4
Toronto-Dominion Bank/The 3.00% - Series 5 Preferred Shares	1.4
TransCanada Corp - Series 7 Preferred Shares	1.3
Fortis Inc/Canada - Series M Preferred Shares	1.2
Enbridge Inc - Series D Preferred Shares	1.2
Bank of Montreal 4.00% - Series 27 Preferred Shares	1.2
Fortis Inc/Canada - Series G Preferred Shares	1.1
Toronto-Dominion Bank/The 3.00% - Series 1 Preferred Shares	1.1
Bank of Montreal 4.00% - Series 38 Preferred Shares	1.1
Manulife Financial Corp - Series 13 Preferred Shares	1.1
Enbridge Inc - Series H Preferred Shares	1.1
Manulife Financial Corp - Series 23 Preferred Shares	1.1
Manulife Financial Corp - Series 11 Preferred Shares	1.0
Toronto-Dominion Bank/The 3.00% - Series 3 Preferred Shares	1.0
TransCanada Corp - Series 9 Preferred Shares	1.0
National Bank of Canada 3.00% - Series 32 Preferred Shares	1.0
TransCanada Corp - Series 15 Preferred Shares	1.0
Toronto-Dominion Bank/The 3.00% - Series 7 Preferred Shares	1.0
Royal Bank of Canada 3.00% - Series BB Preferred Shares	1.0
TransAlta Corp - Series C Preferred Shares	0.9
Brookfield Asset Management Inc 4.00% - Series 32 Preferred Shares	0.9
Bank of Nova Scotia/The 4.00% - Series 38 Preferred Shares	0.9
Canadian Imperial Bank of Commerce 4.00% - Series 45 Preferred Shares	0.9
Fairfax Financial Holdings Ltd 3.00% - Series I Preferred Shares	0.9
Canadian Dollar	–
Brookfield Office Properties Inc - Series T Preferred Shares	0.9
AltaGas Ltd - Series E Preferred Shares	0.9
Canadian Imperial Bank of Commerce 3.00% - Series 39 Preferred Shares	0.9
Fortis Inc/Canada - Series K Preferred Shares	0.8
Bank of Montreal 3.00% - Series 33 Preferred Shares	0.8
National Bank of Canada 4.00% - Series 38 Preferred Shares	0.8
Bank of Nova Scotia/The 5.00% - Series 36 Preferred Shares	0.8
Pembina Pipeline Corp - Series 15 Preferred Shares	0.8
Manulife Financial Corp - Series 15 Preferred Shares	0.8
Enbridge Inc - Series P Preferred Shares	0.8
Brookfield Asset Management Inc 4.00% - Series 42 Preferred Shares	0.8
Element Fleet Management Corp 6.00% - Series A Preferred Shares	0.8
National Bank of Canada 5.00% - Series 36 Preferred Shares	0.7
Royal Bank of Canada 3.00% - Series BF Preferred Shares	0.7
TransAlta Corp - Series E Preferred Shares	0.7
Enbridge Inc - Series 3 Preferred Shares	0.7
Bank of Montreal 4.00% - Series 40 Preferred Shares	0.7
Royal Bank of Canada 4.00% - Series AZ Preferred Shares	0.7
TransCanada Corp - Series 11 Preferred Shares	0.7
Brookfield Asset Management Inc 4.00% - Series 30 Preferred Shares	0.7
Canadian Imperial Bank of Commerce 3.00% - Series 41 Preferred Shares	0.7
Bank of Montreal 3.00% - Series 29 Preferred Shares	0.7
National Bank of Canada 5.00% - Series 34 Preferred Shares	0.7
Brookfield Renewable Power Preferred Equity Inc - Preferred Shares	0.7
Fairfax Financial Holdings Ltd 4.00% - Series K Preferred Shares	0.7
Bank of Nova Scotia/The 3.00% - Series 20 Preferred Shares	0.7
Emera Inc - Series F Preferred Shares	0.7
Bank of Nova Scotia/The 5.00% - Series 34 Preferred Shares	0.7
Algonquin Power & Utilities Corp 4.00% - Series A Preferred Shares	0.6
Canadian Imperial Bank of Commerce 3.00% - Series 43 Preferred Shares	0.6
Brookfield Asset Management Inc 3.00% - Series 26 Preferred Shares	0.6
Element Fleet Management Corp 5.00% - Series I Preferred Shares	0.6
Canadian Utilities Ltd - Series FF Preferred Shares	0.6
Brookfield Asset Management Inc 4.00% - Series 34 Preferred Shares	0.6
Manulife Financial Corp - Series 1-7 - Preferred Shares	0.6
BCE Inc 4.00% - Series AO Preferred Shares	0.6
Manulife Financial Corp - Series 17 Preferred Shares	0.6
Capital Power Corp - Series 5 - Preferred Shares	0.6
TransCanada Corp - Series 13 Preferred Shares	0.6
Brookfield Asset Management Inc 2.00% - Series 28-A Preferred Shares	0.6
AltaGas Ltd - Series I Preferred Shares	0.6
Manulife Financial Corp - Series 19 Preferred Shares	0.6
Fairfax Financial Holdings Ltd 4.00% - Series M Preferred Shares	0.5
Brookfield Infrastructure Partners LP 5.00% - Series 5 Preferred Shares	0.5
AltaGas Ltd - Series A Preferred Shares	0.5
Sun Life Financial Inc 3.00% - Series 12R Preferred Shares	0.5
Fairfax Financial Holdings Ltd 3.00% - Series G Preferred Shares	0.5
AltaGas Ltd - Series G Preferred Shares	0.5
Westcoast Energy Inc - Series 12 Preferred Shares	0.5
Toronto-Dominion Bank/The 3.00% - Series 9 Preferred Shares	0.5
Pembina Pipeline Corp - Series 7 Preferred Shares	0.5
Pembina Pipeline Corp - Series 9 Preferred Shares	0.5
Brookfield Office Properties Inc - Series AA Preferred Shares	0.5
Pembina Pipeline Corp - Series 19 Preferred Shares	0.5
Husky Energy Inc - Series 5 Preferred Shares	0.5
Brookfield Asset Management Inc 4.00% - Series 40 Preferred Shares	0.5
Intact Financial Corp 3.00% - Series 3 Preferred Shares	0.5
Brookfield Asset Management Inc 4.00% - Series 38 Preferred Shares	0.5
Pembina Pipeline Corp - Series 13 Preferred Shares	0.5
Husky Energy Inc - Series 3 Preferred Shares	0.4
Enbridge Inc - Series 7 Preferred Shares	0.4
Canadian Imperial Bank of Commerce 2.35% June 24, 2019	0.4
Brookfield Office Properties Inc - Series P Preferred Shares	0.4
Toronto-Dominion Bank/The 4.00% - Series 18 Preferred Shares	0.4
Pembina Pipeline Corp - Series 5 Preferred Shares	0.4
Enbridge Inc - Series 13 Preferred Shares	0.4
Enbridge Inc - Series R Preferred Shares	0.4
Canadian Western Bank 6.00% - Series 7 Preferred Shares	0.4
Bank of Montreal 3.00% - Series 31 Preferred Shares	0.4
Canadian Western Bank 4.00% - Series 5 Preferred Shares	0.4
Fairfax Financial Holdings Ltd 4.00% - Series C Preferred Shares	0.4
Capital Power Corp - Series 3 Preferred Shares	0.4
TransCanada Corp - Series 1 Preferred Shares	0.4
TransCanada Corp - Series 5 Preferred Shares	0.4
Element Fleet Management Corp 6.00% - Series C Preferred Shares	0.4
Brookfield Infrastructure Partners LP 5.00% - Series 3 Preferred Shares	0.4
Brookfield Asset Management Inc 4.00% - Series 46 Preferred Shares	0.4
Brookfield Asset Management Inc 3.00% - Series 24 Preferred Shares	0.4
Brookfield Renewable Partners LP - Preferred Shares	0.4
Husky Energy Inc - Series 7 Preferred Shares	0.4
Canadian Imperial Bank of Commerce 4.00% - Series 47 Preferred Shares	0.4
Northland Power Inc 5.00% - Series 3 Preferred Shares	0.3
TransCanada Corp - Series 3 Preferred Shares	0.3
Pembina Pipeline Corp - Series 21 Preferred Shares	0.3
Pembina Pipeline Corp - Series 17 Preferred Shares	0.3
BCE Inc 2.00% - Series AM Preferred Shares	0.3
Brookfield Renewable Partners LP - Preferred Shares	0.3
Element Fleet Management Corp 6.00% - Series G Preferred Shares	0.3
Capital Power Corp - Common Shares - Voting	0.3
Shaw Communications Inc - Series A Preferred Shares	0.3
Enbridge Inc - Series 11 Preferred Shares	0.3
Husky Energy Inc - Series 1 Preferred Shares	0.3
Manulife Financial Corp - Series 21 Preferred Shares	0.3
National Bank of Canada 4.00% - Series 30 Preferred Shares	0.3
Brookfield Office Properties Inc - Series N Preferred Shares	0.3
Power Financial Corp 2.00% - Series P Preferred Shares	0.3
Enbridge Inc - Series J Preferred Shares	0.3
Manulife Financial Corp - Series 9 Preferred Shares	0.3
Power Financial Corp 4.00% - Series T Preferred Shares	0.3
Sun Life Financial Inc 2.00% - Series 10R Preferred Shares	0.3
Pembina Pipeline Corp - Series 3 Preferred Shares	0.3
Great-West Lifeco Inc - Series N Preferred Shares	0.3
Bank of Montreal 1.00% - Series 25 Preferred Shares	0.3
Kinder Morgan Canada Ltd - Series 1 - Preferred Shares	0.3
Enbridge Inc 5.00% - Series 1 Preferred Shares	0.3
TransAlta Corp - Series A Preferred Shares	0.3
Canadian Utilities Ltd - Series Y Preferred Shares	0.3
Enbridge Inc - Series 9 Preferred Shares	0.3
Enbridge Income Fund Holdings Inc - Common Shares - Voting	0.3
TransAlta Renewables Inc - Common Shares - Voting	0.2
Emera Inc - Common Shares - Voting	0.2
Brookfield Renewable Partners LP - Preferred Shares	0.2
Brookfield Infrastructure Partners LP 4.00% - Series 1 Preferred Shares	0.2
Manulife Financial Corp - Series 5 Preferred Shares	0.2
AltaGas Ltd - Series K Preferred Shares	0.2
Manulife Financial Corp - Series 3 Preferred Shares	0.2
Westcoast Energy Inc - Series 10 Preferred Shares	0.2
Empire Life Insurance Co/The 5.00% - Series 1 Preferred Shares	0.2
National Bank of Canada 4.00% - Series 40 Preferred Shares	0.2
Element Fleet Management Corp 6.00% - Series E Preferred Shares	0.2
Intact Financial Corp 3.00% - Series 1 Preferred Shares	0.2
Fortis Inc/Canada - Series H Preferred Shares	0.2
Brookfield Office Properties Inc - Series R Preferred Shares	0.2
Enbridge Inc - Series L Preferred Shares	0.2
Brookfield Infrastructure Partners LP 5.00% - Series 7 Preferred Shares	0.2
Industrial Alliance Insurance & Financial Services Inc 3.00% - Series G Preferred Shares	0.1
TransAlta Corp - Series G Preferred Shares	0.1
Kinder Morgan Canada Ltd 5.00% - Series 3 Preferred Shares	0.1
Laurentian Bank of Canada 4.00% - Series 13 Preferred Shares	0.1
Laurentian Bank of Canada 5.00% - Series 15 Preferred Shares	0.1
Enbridge Inc 4.00% - Series 5 Preferred Shares	0.0
Toronto-Dominion Bank/The 3.00% - Series Y Preferred Shares	0.0
US Dollar	–
Top Holdings (% of Portfolio)	15.3%
Total Number of Holdings	166

Distributions & Tax Information

Distributions for Year: 2018

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, 2018	01/24/2018	01/25/2018	01/31/2018	0.078	–	0.078
Feb, 2018	02/21/2018	02/22/2018	02/28/2018	0.080	–	0.080
Mar, 2018	03/22/2018	03/23/2018	03/29/2018	0.082	–	0.082
Apr, 2018	04/22/2018	04/23/2018	04/30/2018	0.081	–	0.081
May, 2018	05/23/2018	05/24/2018	05/31/2018	0.080	–	0.080
Jun, 2018	06/22/2018	06/25/2018	06/29/2018	0.081	–	0.081
Year to Date				0.482	–	0.482

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.

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.

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