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): 660.12
Units Outstanding: 27,544,402
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


Prices

Fund Market Price
(as of December 11, 2017)
Closing Price 24.03
Change ($) 0.05
Change (%) 0.21
Market 52 Week High 24.52
Market 52 Week Low 20.76
Volume 49,200
Fund Net Asset Value
(as of December 11, 2017)
NAV Price 23.97
Change ($) 0.00
Change (%) 0.02
NAV per Share 52 Week High 24.49
NAV per Share 52 Week Low 20.88
   


Performance Analysis

(as of November 30, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 15.95% 0.60% 4.80% 9.75% 21.68% 22.14%


Portfolio Analysis

 (as of December 11, 2017)
Number of Securities 161
Weighted Average Dividend Yield (%) 4.63
Weighted Average Price to Earnings 18.94
Weighted Average Price to Book 1.67
Weighted Average Market Cap ($MM) 56,036
Weighted Average Beta

Credit Ratings Distribution/Breakdown
(as of November 30, 2017)


Sector Breakdown
(as of November 30, 2017)


Underlying Holdings  (as of December 11, 2017) % Assets
ENBRIDGE INC. PR SER 'N' 1.7
PEMBINA PIPELINE CORPORATION CLASS A PREFERRED SERIES 1 1.7
ENBRIDGE INC. PR SER 'F' 1.7
TORONTO-DOMINION BANK 4.85% NON-CUMULATIVE NVCC PREFERRED SERIES 14 1.7
ENBRIDGE INC. PR SER 'D' 1.5
EMERA INCORPORATED PREFERRED SERIES 'C' 1.5
BCE INC. 1ST PREFERRED SERIES 'AK' 1.5
ROYAL BANK OF CANADA 5.50% NON-CUMULATIVE 5-YEAR RATE RESET PREFERRED SERIES BK 1.5
BCE INC. 4.25% CUMULATIVE REDEEMABLE FIRST PREFERRED SERIES AQ 1.4
FORTIS INC. 5-YR RESET 1ST PR SERIES 'G' 1.4
 
Top Holdings (% of Portfolio) 15.6%
Total Number of Holdings 161


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
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.080 0.080
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.081 0.081
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.086 0.086
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.080 0.080
Nov, 2017 11/23/2017 11/24/2017 11/30/2017 0.077 0.077
Year to Date   0.884 0.884

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.