RBC PH&N Short Term Canadian Bond ETF

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Investment Objective

RBC PH&N Short Term Canadian Bond ETF seeks to provide regular monthly income with the potential for modest capital growth by investing primarily in a well-diversified portfolio of short-term fixed-income securities issued by Canadian corporations and governments.

Fund Information

Ticker Symbol: RPSB
Exchange: TSX
Assets ($mm): 30.63
Units Outstanding: 1,550,000
Mgmt. Fee**: 0.35
2017 MER*: 0.42
CUSIP: 74934P100
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Oct, 2017
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of May 18, 2018)
Closing Price 19.79
Change ($) 0.05
Change (%) 0.25
Market 52 Week High 20.13
Market 52 Week Low 19.74
Volume 13,708
Fund Net Asset Value
(as of May 18, 2018)
NAV Price 19.76
Change ($) 0.02
Change (%) 0.09
NAV per Share 52 Week High 20.10
NAV per Share 52 Week Low 19.74
   


Performance Analysis

(as of April 30, 2018) 1
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV


Portfolio Analysis

 (as of May 18, 2018)
Number of Securities 75
Weighted Average Yield to Maturity (%)*
Weighted Average Current Yield (%)*
Weighted Average Coupon (%)* 2.52
Weighted Average Duration 2.72
Weighted Average Credit Rating AA
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of April 30, 2018)


Sector Breakdown
(as of April 30, 2018)


Underlying Holdings  (as of May 18, 2018) % Assets
CANADIAN GOVERNMENT BOND 8.7
CANADA HOUSING TRUST NO 1 2% 2019/12/15 5.7
CANADA HOUSING TRUST NO 1 1.25% 2020/12/15 4.6
CANADA HOUSING TRUST NO 1 1.25% 2021/06/15 4.4
CANADIAN GOVERNMENT 1.75% 2023/03/01 4.1
CANADA HOUSING TRUST NO 1 2.4% 2022/12/15 3.1
CANADA HOUSING TRUST NO 1 3.1
WELLS FARGO CANADA CORP 2.944% 2019/07/25 3.0
CANADIAN GOVERNMENT 4.25% 2021/12/01 2.9
PROVINCE OF ONTARIO 2.85% 2023/06/02 2.8
 
Top Holdings (% of Portfolio) 42.4%
Total Number of Holdings 75


Distributions & Tax Information

Distributions for Year: 2018
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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, 2018 01/24/2018 01/25/2018 01/31/2018 0.029 0.029
Feb, 2018 02/21/2018 02/22/2018 02/28/2018 0.025 0.025 0.050
Year to Date   0.054 0.025 0.079

Notes:

Securities regulations do not allow us to report performance for an exchange-traded fund that has been available for less than one year. This fund was launched October 19, 2017.

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.