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RBC Target 2015 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2015 Corporate Bond Index ETF termination date, by replicating, to the extent possible, the investment results that correspond generally to the performance, before the RBC Target 2015 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2015 Maturity Corporate Bond Index™.

 

Prices

Fund Market Price
(as of August 28, 2014)
Closing Price 19.36
Change ($) 0.01
Change (%) 0.05
Market 52 Week High 19.77
Market 52 Week Low 19.35
Volume 16,511.00
Fund Net Asset Value
(as of August 28, 2014)
NAV Price 19.37
Change ($) 0.00
Change (%) 0.00
NAV per Share 52 Week High 19.67
NAV per Share 52 Week Low 19.36
   

 

Portfolio Analysis

 Yield to Maturity 
Yield to Maturity
The Government of Canada Yield to Maturities are from the following bonds: 2014 - Government of Canada 1 Dec 2014; 2015 - Government of Canada 1 Dec 2015; 2016 - Government of Canada 1 Sept 2016; 2017 - Government of Canada 1 Jun 2017; 2018 - Government of Canada 1 Jun 2018; 2019 - Government of Canada 1 Jun 2019; 2020 - Government of Canada 1 Jun 2020; 2021 - Government of Canada 1 Jun 2021.

 Portfolio Characteristics (as of August 28, 2014)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 1.60
Weighted Average Current Yield (%)* 4.00
Weighted Average Coupon (%)* 4.14
Par Value per Unit 18.74
Weighted Average Duration 1.00
*Gross Of MER

 Credit Ratings Distribution/Breakdown
Credit Ratings Distribution/Breakdown
Category % Assets
 
  AAA
3.10%
 
  AA
21.05%
 
  A
51.91%
 
  BBB
23.94%
as of  July 31, 2014
Sector Breakdown
Industry Sector Breakdown
Category % Assets
 
  Financial
75.61%
 
  Communication
8.15%
 
  Infrastructure
6.60%
 
  Industrial
5.92%
 
  Energy
3.72%
as of  July 31, 2014

Top Holdings % Assets
ROYAL BANK OF CANADA 3.18% 02NOV20 5.0
CANADIAN IMPERIAL BANK OF COMMERCE/CANADA 3.15% 02NOV20 4.8
BANK OF MONTREAL 3.93% 27APR15 4.6
WELLS FARGO CANADA CORP 4.38% 30JUN15 3.7
BELL CANADA 3.60% 02DEC15 3.7
TORONTO-DOMINION BANK/THE 3.37% 02NOV20 3.7
BANK OF NOVA SCOTIA 3.34% 25MAR15 3.7
CANADIAN IMPERIAL BANK OF COMMERCE/CANADA 4.11% 30APR20 3.5
NATIONAL BANK OF CANADA 4.03% 26MAY15 3.4
MANULIFE FINANCIAL CORP 4.08% 20AUG15 3.3
Expand
Top Holdings (% of Portfolio) 39.6%
Total Number of Holdings 44
The bonds held in this portfolio all have an effective maturity date of 2015 as determined in accordance with a rules-based methodology developed by PC-Bond.

 

Performance Analysis as of July 31, 2014


  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
Market Price 1.05% 0.08% 0.33% 0.82% 1.97% 2.69%
NAV 1.00% 0.10% 0.34% 0.67% 1.97% 2.73%

Distributions & Tax Information

Distributions for Year: 2014
Choose distribution year: Go
Distr. Period Ex-Dividend Date Record Date Pay Date Cash Distr. Per Unit Re-invested Distr. Per Unit Total Distr. Per Unit††
Jan, 2014 01/23/2014 01/27/2014 01/31/2014 0.05500 0.00000 0.05500
Feb, 2014 02/20/2014 02/24/2014 02/28/2014 0.05500 0.00000 0.05500
Mar, 2014 03/21/2014 03/25/2014 03/31/2014 0.05500 0.00000 0.05500
Apr, 2014 04/22/2014 04/24/2014 04/30/2014 0.05500 0.00000 0.05500
May, 2014 05/22/2014 05/26/2014 05/30/2014 0.05500 0.00000 0.05500
Jun, 2014 06/23/2014 06/25/2014 06/30/2014 0.05500 0.00000 0.05500
Jul, 2014 07/23/2014 07/25/2014 07/31/2014 0.05500 0.00000 0.05500
Aug, 2014 08/21/2014 08/25/2014 08/29/2014 0.05500 0.00000 0.05500
Year to Date   0.44000 0.00000 0.44000
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.
 

Fund Info & Commentaries

 
 

Fund Information

Ticker Symbol: RQC
Exchange: TSX
Assets ($mm) 50.37
Units Outstanding: 2,600,000
Mgmt. Fee** 0.25
2013 MER* 0.34
CUSIP: 74931C102

 
Income Distribution: Monthly
Capital Gains Distribution: Annually

 
Index: FTSE TMX Canada 2015 Maturity Corporate Bond Index™
Inception Date Sep, 2011
Maturity Date: Nov, 2015

 
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


 

 
 

Notes

*MER (%) based on actual expenses from January 1, 2013 to December 31, 2013. For RBC Target 2013 Corporate Bond Index ETF, MER (%) based on actual expenses from January 1, 2013 to the fund's termination on November 22, 2013 expressed on an annualized basis.

 
**Management fees for RBC Target Maturity Corporate Bond ETFs were reduced from 0.30% to 0.25% on January 15, 2014.  The RBC Target 2014 Corporate Bond Index ETF had its management fee reduced to 0.20% effective January 1, 2014 in accordance with its prospectus, as it entered its maturity year.

 
 

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