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): 115.99
Units Outstanding: 5,700,000
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


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 June 23, 2017)
Closing Price 20.38
Change ($) 0.04
Change (%) 0.20
Market 52 Week High 20.67
Market 52 Week Low 20.15
Volume 2,419.00
Fund Net Asset Value
(as of June 23, 2017)
NAV Price 20.35
Change ($) 0.02
Change (%) 0.11
NAV per Share 52 Week High 20.62
NAV per Share 52 Week Low 20.17
   


Performance Analysis

(as of May 31, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 2.29% 0.11% 1.02% 2.15% 3.21% 3.98% 3.90%


Portfolio Analysis

 (as of June 23, 2017)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of June 23, 2017)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 1.95
Weighted Average Current Yield (%)* 2.92
Weighted Average Coupon (%)* 3.12
Par Value per Unit 19.04
Weighted Average Duration 3.88
*Gross Of MER

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


Sector Breakdown
(as of May 31, 2017)


Underlying Holdings  (as of June 23, 2017) % Assets
ROYAL BANK OF CANADA 1.58% 13SEP21 6.6
FORD CREDIT CANADA LTD 2.58% 10MAY21 5.9
NATIONAL BANK OF CANADA 1.81% 26JUL21 5.8
HSBC BANK CANADA 2.91% 29SEP21 5.6
THOMSON REUTERS CORP 3.31% 12NOV21 4.5
BANK OF MONTREAL 3.40% 23APR21 4.3
TRANSCANADA PIPELINES LTD 3.65% 15NOV21 4.2
ROGERS COMMUNICATIONS INC 5.34% 22MAR21 4.1
CAPITAL DESJARDINS INC 4.95% 15DEC26 4.0
DAIMLER CANADA FINANCE INC 1.91% 08JUL21 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
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.047 0.047
Year to Date   0.215 0.215

† 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.