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): 977.20
Units Outstanding: 40,327,556
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


Fund Market Price
(as of August 16, 2018)
Closing Price 24.26
Change ($) 0.03
Change (%) 0.12
Market 52 Week High 24.78
Market 52 Week Low 23.26
Volume 77,213
Fund Net Asset Value
(as of August 16, 2018)
NAV Price 24.23
Change ($) 0.02
Change (%) 0.09
NAV per Share 52 Week High 24.74
NAV per Share 52 Week Low 23.28

Performance Analysis

(as of July 31, 2018)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 2.00% 1.43% 2.99% -0.06% 5.53% 14.97%

Portfolio Analysis

 (as of August 16, 2018)
Number of Securities 168
Weighted Average Dividend Yield (%) 4.62
Weighted Average Price to Earnings 14.68
Weighted Average Price to Book 1.53
Weighted Average Market Cap ($MM) 56,197
Weighted Average Beta 0.49

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

Sector Breakdown
(as of July 31, 2018)

Underlying Holdings  (as of August 16, 2018) % Assets
Toronto-Dominion Bank/The 4.00% - Series 14 Preferred Shares 1.7
BCE Inc 2.00% - Series AK Preferred Shares 1.6
Royal Bank of Canada 5.00% - Series BK Preferred Shares 1.6
Enbridge Inc 4.00% - Series N Preferred Shares 1.5
Pembina Pipeline Corp 4.00% - Series 1 Preferred Shares 1.5
Enbridge Inc 4.00% - Series F Preferred Shares 1.5
Toronto-Dominion Bank/The 5.00% - Series 12 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
Top Holdings (% of Portfolio) 15.0%
Total Number of Holdings 168

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

† 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.