RBC Target 2022 Corporate Bond Index ETF

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Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2022 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 2022 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2022 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQJ
Exchange: TSX
Assets ($mm): 101.70
Units Outstanding: 5,200,000
Mgmt. Fee**: 0.25
2017 MER*: 0.28
CUSIP: 74934W105
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Sep, 2016
Maturity Date: Nov, 2022
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of December 11, 2017)
Closing Price 19.59
Change ($) 0.01
Change (%) 0.05
Market 52 Week High 20.06
Market 52 Week Low 19.36
Volume 550
Fund Net Asset Value
(as of December 11, 2017)
NAV Price 19.56
Change ($) -0.01
Change (%) -0.03
NAV per Share 52 Week High 20.07
NAV per Share 52 Week Low 19.35
   


Performance Analysis

(as of November 30, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 1.58% 0.21% 0.39% -1.12% 1.31% 0.37%


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 (%)*
Weighted Average Current Yield (%)* 2.41
Weighted Average Coupon (%)* 2.43
Par Value per Unit 19.42
Weighted Average Duration 4.23
*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 MONTREAL 2.270 JUL 11 22 6.1
CIBC 2.300 JUL 11 22 5.7
BANK NOVA SCOTIA 2.360 NOV 08 22 5.6
TD BANK 1.994 MAR 23 22 5.6
BANK NOVA SCOTIA 1.830 APR 27 22 4.6
CIBC 2.040 MAR 21 22 4.0
MANUFACTURERS LIFE I FLTG 3.181 NOV 22 27 3.9
BELL CANADA 3.000 OCT 03 22 3.8
TELUS CORP 2.350 MAR 28 22 3.8
FED DES CAISSES 2.091 JAN 17 22 3.7
 
Top Holdings (% of Portfolio) 46.8%
Total Number of Holdings 36
The bonds held in this portfolio all have an effective maturity date of 2022 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 0.038 0.038
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.038 0.038
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.038 0.038
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.038 0.038
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.038 0.038
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.033 0.033
Jul, 2017 07/21/2017 07/25/2017 07/31/2017 0.034 0.034
Aug, 2017 08/22/2017 08/24/2017 08/31/2017 0.034 0.034
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.032 0.032
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.033 0.033
Nov, 2017 11/23/2017 11/24/2017 11/30/2017 0.033 0.033
Year to Date   0.389 0.389

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.