RBC Target 2017 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2017 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 2017 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2017 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQE
Exchange: TSX
Assets ($mm): 43.69
Units Outstanding: 2,300,000
Mgmt. Fee**: 0.20
2016 MER*: 0.28
CUSIP: 74931E108
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: FTSE TMX Canada 2017 Maturity Corporate Bond Index™
Inception Date: Sep, 2011
Maturity Date: Nov, 2017
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Notes: ** MER (%) is based on actual expenses for the period January 1, 2016 to December 31, 2016.
 
**Management fees for RBC Target Maturity Corporate Bond ETFs were reduced from 0.30% to 0.25% on Jan. 15, 2014. The RBC Target 2017 Corporate Bond Index ETF had its management fee reduced to 0.20% effective Jan. 1, 2017 in accordance with its prospectus.

Prices

Fund Market Price
(as of March 21, 2017)
Closing Price 19.01
Change ($) 0.01
Change (%) 0.05
Market 52 Week High 19.42
Market 52 Week Low 18.97
Volume 400.00
Fund Net Asset Value
(as of March 21, 2017)
NAV Price 19.00
Change ($) 0.00
Change (%) 0.00
NAV per Share 52 Week High 19.40
NAV per Share 52 Week Low 18.98
   


Portfolio Analysis

 (as of March 21, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of March 21, 2017)
Weighted Average Credit Rating A+
Weighted Average Yield to Maturity (%)* 0.97
Weighted Average Current Yield (%)* 2.92
Weighted Average Coupon (%)* 2.97
Par Value per Unit 18.64
Weighted Average Duration 0.90
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of February 28, 2017)


Sector Breakdown
(as of February 28, 2017)


Underlying Holdings  (as of March 21, 2017) % Assets
CANADIAN TREASURY BILL 16NOV17 22.9
TORONTO-DOMINION BANK/THE 5.76% 18DEC06 7.3
BANK OF NOVA SCOTIA/THE 4.10% 08JUN17 6.2
HSBC BANK CANADA 3.56% 04OCT17 6.0
CANADIAN IMPERIAL BANK OF COMMERCE/CANADA 3.95% 14JUL17 5.6
BANK OF MONTREAL 2.24% 11DEC17 5.1
CANADIAN IMPERIAL BANK OF COMMERCE/CANADA 2.35% 18OCT17 4.9
BANK OF NOVA SCOTIA/THE 2.90% 03AUG22 4.2
HYDRO ONE INC 5.18% 18OCT17 3.6
CAISSE CENTRALE DESJARDINS 3.50% 05OCT17 3.6
 
Top Holdings (% of Portfolio) 69.3%
Total Number of Holdings 23
The bonds held in this portfolio all have an effective maturity date of 2017 as determined in accordance with a rules-based methodology developed by PC-Bond.


Performance Analysis

(as of February 28, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.16% 0.08% 0.25% 0.62% 1.62% 1.81% 2.56% 2.97%


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 0.05500 0.05500
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.04700 0.04700
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.04600 0.04600
Year to Date   0.14800 0.14800

† 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.