You are on: FUND INDIVIDUAL page
Select Another Fund:
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 ($mm): 35.85
Units Outstanding: 1,900,000
Mgmt. Fee**: 0.20
2016 MER*: 0.28
CUSIP: 74931E108
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: FTSE TMX Canada 2017 Maturity Corporate Bond Index™
Inception Date: Sep, 2011
Maturity Date: Nov, 2017
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs
Notes: **Management fees for RBC Target Maturity Corporate Bond ETFs were reduced from 0.30% to 0.25% on Jan. 15, 2014. The RBC Target 2017 Corporate Bond Index ETF had its management fee reduced to 0.20% effective Jan. 1, 2017 in accordance with its prospectus.
Prices
Fund Market Price
(as of June 23, 2017)
|
| Closing Price |
18.88 |
| Change ($) |
0.02 |
| Change (%) |
0.11 |
| Market 52 Week High |
19.34 |
| Market 52 Week Low |
18.86 |
| Volume |
1,100.00 |
Fund Net Asset Value
(as of June 23, 2017)
|
| NAV Price |
18.87 |
| Change ($) |
0.00 |
| Change (%) |
0.01 |
| NAV per Share 52 Week High |
19.32 |
| NAV per Share 52 Week Low |
18.87 |
| |
|
Performance Analysis
(as of May 31, 2017)
| |
YTD |
1Mo |
3Mo |
6Mo |
1Yr |
3Yr |
5Yr |
Since Incep |
| NAV |
0.36% |
0.07% |
0.19% |
0.45% |
1.25% |
1.62% |
2.41% |
2.87% |
Portfolio Analysis
(as of June 23, 2017)
| Portfolio Characteristics
(as of June 23, 2017) |
| Weighted Average Credit Rating |
AA |
| Weighted Average Yield to Maturity (%)* |
0.99 |
| Weighted Average Current Yield (%)* |
2.09 |
| Weighted Average Coupon (%)* |
2.12 |
| Par Value per Unit |
18.67 |
| Weighted Average Duration |
0.53 |
*Gross Of MER
Credit Ratings Distribution/Breakdown
(as of May 31, 2017)
Sector Breakdown
(as of May 31, 2017)
|
Underlying Holdings
(as of June 23, 2017)
|
% Assets
|
| CANADIAN TREASURY BILL 16NOV17 |
43.7
|
| TORONTO-DOMINION BANK/THE 5.76% 18DEC06 |
7.3
|
| 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
|
| NATIONAL BANK OF CANADA 2.69% 21AUG17 |
3.6
|
| |
| BANK OF MONTREAL 5.45% 17JUL17 |
2.8
|
| VW CREDIT CANADA INC 2.45% 14NOV17 |
2.6
|
| BANK OF MONTREAL 4.55% 01AUG17 |
2.1
|
| 407 INTERNATIONAL INC 3.87% 24NOV17 |
1.9
|
| ALIMENTATION COUCHE-TARD INC 2.86% 01NOV17 |
1.9
|
| TORONTO HYDRO CORP 5.15% 14NOV17 |
1.4
|
| CANADIAN DOLLAR |
–
|
| Top Holdings (% of Portfolio) |
87.3% |
| Total Number of Holdings |
16 |
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.
Distributions & Tax Information
Distributions for Year: 2017
Choose distribution year:
| 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 |
0.055 |
– |
0.055 |
| Feb, 2017 |
02/22/2017 |
02/24/2017 |
02/28/2017 |
0.047 |
– |
0.047 |
| Mar, 2017 |
03/22/2017 |
03/24/2017 |
03/31/2017 |
0.046 |
– |
0.046 |
| Apr, 2017 |
04/21/2017 |
04/25/2017 |
04/28/2017 |
0.040 |
– |
0.040 |
| Jun, 2017 |
06/22/2017 |
06/26/2017 |
06/30/2017 |
0.030 |
– |
0.030 |
| Year to Date |
|
0.218 |
– |
0.218 |
† 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.