RBC Target 2018 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2018 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 2018 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2018 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQF
Exchange: TSX
Assets ($mm): 145.62
Units Outstanding: 7,600,000
Mgmt. Fee**: 0.25
2016 MER*: 0.28
CUSIP: 74931F105
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: FTSE TMX Canada 2018 Maturity Corporate Bond Index™
Inception Date: Sep, 2011
Maturity Date: Nov, 2018
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of October 19, 2017)
Closing Price 19.15
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 19.64
Market 52 Week Low 19.12
Volume 7,850
Fund Net Asset Value
(as of October 19, 2017)
NAV Price 19.16
Change ($) 0.00
Change (%) 0.03
NAV per Share 52 Week High 19.62
NAV per Share 52 Week Low 19.13
   


Performance Analysis

(as of September 29, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.64% -0.03% 0.09% 0.11% 0.87% 2.03% 2.45% 3.13%


Portfolio Analysis

 (as of October 19, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of October 19, 2017)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 1.76
Weighted Average Current Yield (%)* 3.68
Weighted Average Coupon (%)* 3.76
Par Value per Unit 18.74
Weighted Average Duration 0.75
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of September 29, 2017)


Sector Breakdown
(as of September 29, 2017)


Underlying Holdings  (as of October 19, 2017) % Assets
WELLS FARGO FINL CDA 2.780 NOV 15 18 6.3
HSBC BANK CDA 2.078 NOV 26 18 6.3
ROYAL BANK CDA 3.770 MAR 30 18 5.5
BANK MONTREAL 3.210 SEP 13 18 5.3
BANK NOVA SCOTIA 2.242 MAR 22 18 5.0
HYDRO ONE 2.780 OCT 09 18 4.7
BANK NOVA SCOTIA 2.750 AUG 13 18 4.7
NATIONAL BANK CDA 2.794 AUG 09 18 4.7
ROYAL BANK CDA 2.890 OCT 11 18 4.7
BANK OF MONTREAL 6.170 MAR 28 18 4.6
 
Top Holdings (% of Portfolio) 52.0%
Total Number of Holdings 29
The bonds held in this portfolio all have an effective maturity date of 2018 as determined in accordance with a rules-based methodology developed by PC-Bond.


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 0.054 0.054
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.051 0.051
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.051 0.051
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.051 0.051
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.051 0.051
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.054 0.054
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.055 0.055
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.057 0.057
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.050 0.050
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.054 0.054
Year to Date   0.528 0.528

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.

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.