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): 141.46
Units Outstanding: 7,350,000
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


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 August 18, 2017)
Closing Price 19.25
Change ($) -0.01
Change (%) -0.05
Market 52 Week High 19.69
Market 52 Week Low 19.21
Volume 933.00
Fund Net Asset Value
(as of August 18, 2017)
NAV Price 19.25
Change ($) 0.00
Change (%) 0.00
NAV per Share 52 Week High 19.66
NAV per Share 52 Week Low 19.22
   


Performance Analysis

(as of July 31, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.50% -0.05% -0.19% 0.28% 1.08% 2.03% 2.74% 3.20%


Portfolio Analysis

 (as of August 18, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of August 18, 2017)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 1.63
Weighted Average Current Yield (%)* 3.69
Weighted Average Coupon (%)* 3.80
Par Value per Unit 18.68
Weighted Average Duration 0.91
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of July 31, 2017)


Sector Breakdown
(as of July 31, 2017)


Underlying Holdings  (as of August 18, 2017) % Assets
WELLS FARGO CANADA CORP 2.78% 15NOV18 6.2
HSBC BANK CANADA 2.08% 26NOV18 6.1
ROYAL BANK OF CANADA 3.77% 30MAR18 5.4
BANK OF MONTREAL 3.21% 13SEP18 5.2
BANK OF NOVA SCOTIA/THE 2.24% 22MAR18 4.9
HYDRO ONE INC 2.78% 09OCT18 4.6
BANK OF NOVA SCOTIA/THE 2.75% 13AUG18 4.6
NATIONAL BANK OF CANADA 2.79% 09AUG18 4.6
ROYAL BANK OF CANADA 2.89% 11OCT18 4.6
BANK OF MONTREAL 6.17% 28MAR23 4.5
 
Top Holdings (% of Portfolio) 50.8%
Total Number of Holdings 31
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
Year to Date   0.312 0.312

† 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.