RBC Target 2019 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2019 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 2019 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2019 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQG
Exchange: TSX
Assets ($mm): 162.61
Units Outstanding: 8,400,000
Mgmt. Fee**: 0.25
2017 MER*: 0.28
CUSIP: 74931G103
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: FTSE TMX Canada 2019 Maturity Corporate Bond Index™
Inception Date: Sep, 2011
Maturity Date: Nov, 2019
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of December 11, 2017)
Closing Price 19.36
Change ($) -0.02
Change (%) -0.10
Market 52 Week High 19.97
Market 52 Week Low 19.33
Volume 700
Fund Net Asset Value
(as of December 11, 2017)
NAV Price 19.36
Change ($) 0.00
Change (%) -0.01
NAV per Share 52 Week High 19.92
NAV per Share 52 Week Low 19.34
   


Performance Analysis

(as of November 30, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 1.04% 0.14% 0.38% -0.19% 1.11% 2.28% 2.83% 3.68%


Portfolio Analysis

 (as of December 11, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of December 11, 2017)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 2.19
Weighted Average Current Yield (%)* 4.22
Weighted Average Coupon (%)* 4.42
Par Value per Unit 18.48
Weighted Average Duration 1.59
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of November 30, 2017)


Sector Breakdown
(as of November 30, 2017)


Underlying Holdings  (as of December 11, 2017) % Assets
BANK NOVA SCOTIA FLTG 3.036 OCT 18 24 10.1
NATIONAL BANK CDA 2.404 OCT 28 19 9.7
WELLS FARGO FINL CDA 2.944 JUL 25 19 9.6
SHAW COMMUNICATIONS 5.650 OCT 01 19 7.3
GREATER TOR AIRPORT 5.960 NOV 20 19 7.1
BROOKFIELD ASSET MGT 3.950 APR 09 19 6.7
ROYAL BANK CDA 2.980 MAY 07 19 5.2
ROYAL BANK CDA FLTG 2.990 DEC 06 24 4.8
ENBRIDGE INC. 4.770 SEP 02 19 4.6
IGM FIN INC 7.350 APR 08 19 4.2
 
Top Holdings (% of Portfolio) 69.2%
Total Number of Holdings 23
The bonds held in this portfolio all have an effective maturity date of 2019 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 0.063 0.063
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.063 0.063
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.063 0.063
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.063 0.063
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.063 0.063
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.065 0.065
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.066 0.066
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.067 0.067
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.063 0.063
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.065 0.065
Nov, 2017 11/23/2017 11/24/2017 11/30/2017 0.070 0.070
Year to Date   0.711 0.711

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.