RBC Target 2019 Corporate Bond Index ETF

You are on: FUND INDIVIDUAL page

Select Another Fund:
Go

 

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): 152.82
Units Outstanding: 7,700,000
Mgmt. Fee**: 0.25
2016 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


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 April 27, 2017)
Closing Price 19.87
Change ($) 0.01
Change (%) 0.05
Market 52 Week High 20.20
Market 52 Week Low 19.81
Volume 4,616.00
Fund Net Asset Value
(as of April 27, 2017)
NAV Price 19.85
Change ($) 0.00
Change (%) 0.01
NAV per Share 52 Week High 20.17
NAV per Share 52 Week Low 19.83
   


Portfolio Analysis

 (as of April 27, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of April 27, 2017)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 1.51
Weighted Average Current Yield (%)* 4.18
Weighted Average Coupon (%)* 4.50
Par Value per Unit 18.44
Weighted Average Duration 2.64
*Gross Of MER

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


Sector Breakdown
(as of March 31, 2017)


Underlying Holdings  (as of April 27, 2017) % Assets
WELLS FARGO CANADA CORP 2.94% 25JUL19 10.1
BANK OF NOVA SCOTIA/THE 3.04% 18OCT24 10.1
NATIONAL BANK OF CANADA 2.40% 28OCT19 9.6
SHAW COMMUNICATIONS INC 5.65% 01OCT19 6.4
GREATER TORONTO AIRPORTS AUTHORITY 5.96% 20NOV19 6.3
BROOKFIELD ASSET MANAGEMENT INC 3.95% 09APR19 5.9
ROYAL BANK OF CANADA 2.98% 07MAY19 5.2
ROYAL BANK OF CANADA 2.99% 06DEC24 4.8
MANULIFE FINANCIAL CORP 7.77% 08APR19 4.8
ENBRIDGE INC 4.77% 02SEP19 4.0
 
Top Holdings (% of Portfolio) 67.2%
Total Number of Holdings 25
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.


Performance Analysis

(as of March 31, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.84% 0.16% 0.84% 0.90% 2.80% 3.29% 3.76% 4.09%


Distributions & Tax Information

Distributions for Year: 2017
Choose distribution year:
Go
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
Year to Date   0.252 0.252

† 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.