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): 112.90
Units Outstanding: 5,750,000
Mgmt. Fee**: 0.25
2017 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


Fund Market Price
(as of August 16, 2018)
Closing Price 19.61
Change ($) -0.03
Change (%) -0.15
Market 52 Week High 20.18
Market 52 Week Low 19.57
Volume 600
Fund Net Asset Value
(as of August 16, 2018)
NAV Price 19.63
Change ($) 0.01
Change (%) 0.05
NAV per Share 52 Week High 20.15
NAV per Share 52 Week Low 19.59

Performance Analysis

(as of July 31, 2018)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.14% -0.11% 0.19% 0.34% 0.61% 1.31% 3.36% 2.89%

Portfolio Analysis

 (as of August 16, 2018)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of August 16, 2018)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)* 2.92
Weighted Average Current Yield (%)* 3.07
Weighted Average Coupon (%)* 3.08
Par Value per Unit 19.56
Weighted Average Duration 2.70
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of July 31, 2018)

Sector Breakdown
(as of July 31, 2018)

Underlying Holdings  (as of August 16, 2018) % Assets
ROYAL BANK OF CANADA 1.583% 2021/09/13 6.5
FORD CREDIT CANADA CO 2.58% 2021/05/10 5.7
NATIONAL BANK OF CANADA 1.809% 2021/07/26 5.7
HSBC BANK CANADA 2.908% 2021/09/29 5.4
THOMSON REUTERS CORP 3.309% 2021/11/12 4.3
BANK OF MONTREAL 3.4% 2021/04/23 4.1
TRANSCANADA PIPELINES LTD 3.65% 2021/11/15 4.0
ROGERS COMMUNICATIONS INC 5.34% 2021/03/22 3.9
CAPITAL DESJARDINS INC 4.954% 2021/12/15 3.8
DAIMLER CANADA FINANCE INC 1.91% 2021/07/08 3.8
Top Holdings (% of Portfolio) 47.1%
Total Number of Holdings 30
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: 2018
Choose distribution year:
Distr. Period Ex-Dividend Date Record Date Pay Date Cash Distr. Per Unit Re-invested Distr. Per Unit Total Distr. Per Unit††
Jan, 2018 01/24/2018 01/25/2018 01/31/2018 0.042 0.042
Feb, 2018 02/21/2018 02/22/2018 02/28/2018 0.044 0.044
Mar, 2018 03/22/2018 03/23/2018 03/29/2018 0.044 0.044
Apr, 2018 04/22/2018 04/23/2018 04/30/2018 0.044 0.044
May, 2018 05/23/2018 05/24/2018 05/31/2018 0.044 0.044
Jun, 2018 06/22/2018 06/25/2018 06/29/2018 0.048 0.048
Year to Date   0.266 0.266


** The RBC Target 2018 Corporate Bond Index ETF had its management fee reduced to 0.20% effective Jan. 1, 2018 in accordance with its prospectus.

† 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.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or Fund Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, commission charges or income taxes payable by any unitholder that would have reduced returns.