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): 40.14
Units Outstanding: 2,000,000
Mgmt. Fee**: 0.35
MER*: 0.39
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 23, 2019)
Closing Price 20.05
Change ($) 0.03
Change (%) 0.15
Market 52 Week High 20.13
Market 52 Week Low 19.62
Volume 1,800
Fund Net Asset Value
(as of May 23, 2019)
NAV Price 20.07
Change ($) 0.04
Change (%) 0.20
NAV per Share 52 Week High 20.11
NAV per Share 52 Week Low 19.66
   


Performance Analysis

(as of April 30, 2019)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 1.88% 0.27% 1.21% 3.20% 3.37% 2.19%


Portfolio Analysis

 (as of May 23, 2019)
Number of Securities 94
Weighted Average Yield to Maturity (%)* 2.11
Weighted Average Current Yield (%)* 2.52
Weighted Average Coupon (%)* 2.59
Weighted Average Duration 2.86
Weighted Average Credit Rating AA-
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of April 30, 2019)


Sector Breakdown
(as of April 30, 2019)


Underlying Holdings  (as of May 23, 2019) % Assets
CANADA HOUSING TRUST 1.250 DEC 15 20 6.6
ONTARIO PROV 2.850 JUN 02 23 5.0
CANADA GOVT 4.250 DEC 01 21 RR 4.9
CANADA HOUSING TRUST 2.350 JUN 15 23 4.6
CANADA HOUSING TRUST 2.400 DEC 15 22 4.1
CANADA HOUSING TRUST 2.550 DEC 15 23 3.7
CANADIAN GOVERNMENT BOND 2.25% MAR 01, 2024 3.7
BANK MONTREAL 1.610 OCT 28 21 3.6
NHA MBS 1.37% NOV 01, 2021 3.0
CANADIAN TREASURY BILL STRIP JUN 13, 2019 2.8
 
Top Holdings (% of Portfolio) 42.0%
Total Number of Holdings 94


Distributions & Tax Information

Distributions for Year: 2019
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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, 2019 01-23-2019 01-24-2019 01-31-2019 0.034 0.034
Feb, 2019 02-21-2019 02-22-2019 02-28-2019 0.033 0.033
Mar, 2019 03-21-2019 03-22-2019 03-29-2019 0.034 0.034
Apr, 2019 04-22-2019 04-23-2019 04-30-2019 0.035 0.035
May, 2019 05-22-2019 05-23-2019 05-31-2019 0.038 0.038
Year to Date   0.174 0.174

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.

† 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.