RBC Target 2021 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2021 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 2021 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2021 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQI
Exchange: TSX
Assets ($mm): 125.00
Units Outstanding: 6,250,000
Mgmt. Fee**: 0.25
2016 MER*: 0.28
CUSIP: 74931K104
Income Distribution: Monthly
Capital Gains Distribution: Annually
Index: FTSE TMX Canada 2021 Maturity Corporate Bond Index™
Inception Date: Oct, 2012
Maturity Date: Nov, 2021
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of October 19, 2017)
Closing Price 20.01
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 20.62
Market 52 Week Low 19.88
Volume 2,500
Fund Net Asset Value
(as of October 19, 2017)
NAV Price 20.00
Change ($) 0.02
Change (%) 0.08
NAV per Share 52 Week High 20.58
NAV per Share 52 Week Low 19.87
   


Performance Analysis

(as of September 29, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.44% -0.59% -0.54% -0.99% -0.49% 3.02% 3.26%


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 (%)* 2.43
Weighted Average Current Yield (%)* 3.02
Weighted Average Coupon (%)* 3.12
Par Value per Unit 19.36
Weighted Average Duration 3.43
*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
ROYAL BANK CDA 1.583 SEP 13 21 6.6
FORD CR CDA LTD 2.580 MAY 10 21 5.9
NATIONAL BANK CDA 1.809 JUL 26 21 5.8
HSBC BANK CDA 2.908 SEP 29 21 5.6
THOMSON REUTERS CORP 3.309 NOV 12 21 4.5
BANK MONTREAL 3.400 APR 23 21 4.3
TRANSCANADA PIPELINE 3.650 NOV 15 21 4.2
ROGERS COMMUNICATION 5.340 MAR 22 21 4.1
CAPITAL DESJARDINS FLTG 4.954 DEC 15 26 4.0
DAIMLER CDA FIN INC 1.910 JUL 08 21 3.9
 
Top Holdings (% of Portfolio) 48.8%
Total Number of Holdings 29
The bonds held in this portfolio all have an effective maturity date of 2021 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 0.042 0.042
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.042 0.042
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.042 0.042
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.042 0.042
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.042 0.042
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.047 0.047
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.047 0.047
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.047 0.047
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.042 0.042
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.045 0.045
Year to Date   0.438 0.438

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.