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): 471.93
Units Outstanding: 20,236,911
Mgmt. Fee: 0.53
2016 MER: 0.62
CUSIP: 74934A103
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Sep, 2016
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Notes:

Prices

Fund Market Price
(as of August 18, 2017)
Closing Price 23.35
Change ($) 0.02
Change (%) 0.09
Market 52 Week High 24.03
Market 52 Week Low 20.00
Volume 7,050.00
Fund Net Asset Value
(as of August 18, 2017)
NAV Price 23.32
Change ($) 0.04
Change (%) 0.16
NAV per Share 52 Week High 23.90
NAV per Share 52 Week Low 20.00
   


Performance Analysis

(as of July 31, 2017) 1
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV


Portfolio Analysis

 (as of August 18, 2017)
Number of Securities 160
Weighted Average Dividend Yield (%) 4.79
Weighted Average Price to Earnings 20.10
Weighted Average Price to Book 1.77
Weighted Average Market Cap ($MM) 51,531
Weighted Average Beta

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


Sector Breakdown
(as of July 31, 2017)


Underlying Holdings  (as of August 18, 2017) % Assets
TORONTO DOMINION BK PFD 4.85% SER 14 1.7
ENBRIDGE INC 4% PREF SER F 1.7
PEMBINA PIPELINE CORP 4.25% PFD SER 1 1.6
ENBRIDGE INC 4% 01DEC18 PFD SERIES N 1.6
BCE INC 4.15% PFD SERIES AK 1.5
ROYAL BANK OF CANADA PFD 5.5% SER BK 1.5
EMERA INC PFD SERIES C DIV 4.1% PERP/CAL 1.5
ENBRIDGE INC PFD 4% SERIES D 1.5
BCE INC 4.25% PREFERRED SERIES AQ 1.4
TORONTO-DOMINION BANK PREF 5.5% SER 12 1.4
 
Top Holdings (% of Portfolio) 15.3%
Total Number of Holdings 160


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 0.080 0.080
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.080 0.080
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.080 0.080
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.080 0.080
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.080 0.080
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.080 0.080
Year to Date   0.480 0.480

† 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.