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): 103.98
Units Outstanding: 5,400,000
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 February 15, 2018)
Closing Price 19.28
Change ($) 0.02
Change (%) 0.10
Market 52 Week High 20.06
Market 52 Week Low 19.25
Volume 1,600
Fund Net Asset Value
(as of February 15, 2018)
NAV Price 19.26
Change ($) 0.00
Change (%) 0.02
NAV per Share 52 Week High 20.07
NAV per Share 52 Week Low 19.25
   


Performance Analysis

(as of January 31, 2018)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV -0.39% -0.39% -0.89% 0.09% -0.02% -0.48%


Portfolio Analysis

 (as of February 15, 2018)
Yield to Maturity
Yield to Maturity

 Portfolio Characteristics (as of February 15, 2018)
Weighted Average Credit Rating A
Weighted Average Yield to Maturity (%)*
Weighted Average Current Yield (%)* 2.45
Weighted Average Coupon (%)* 2.43
Par Value per Unit 19.42
Weighted Average Duration 4.06
*Gross Of MER

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


Sector Breakdown
(as of January 31, 2018)


Underlying Holdings  (as of February 15, 2018) % Assets
BANK OF MONTREAL 2.27% 2022/07/11 6.1
CANADIAN IMPERIAL BANK OF COMMERCE 2.3% 2022/07/11 5.7
BANK OF NOVA SCOTIA 2.36% 2022/11/08 5.6
TORONTO-DOMINION BANK 1.994% 2022/03/23 5.6
BANK OF NOVA SCOTIA 1.83% 2022/04/27 4.6
CANADIAN IMPERIAL BANK OF COMMERCE 2.04% 2022/03/21 4.0
MANUFACTURERS LIFE INSURANCE CO 3.181% 2022/11/22 3.9
BELL CANADA INC 3% 2022/10/03 3.8
TELUS CORP 2.35% 2022/03/28 3.8
FEDERATION DES CAISSES DESJARDINS DU QUEBEC 2.091% 2022/01/17 3.8
 
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: 2018
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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, 2018 01/24/2018 01/25/2018 01/31/2018 0.031 0.031
Year to Date   0.031 0.031

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.