RBC Target 2023 Corporate Bond Index ETF

You are on: FUND INDIVIDUAL page

Select Another Fund:
Go

 

Investment Objective

Provide income, for a limited period of time ending on the RBC Target 2023 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 2023 Corporate Bond Index ETF’s fees and expenses, of the FTSE TMX Canada 2023 Maturity Corporate Bond Index™.

Fund Information

Ticker Symbol: RQK
Exchange: TSX
Assets ($mm): 6.77
Units Outstanding: 350,000
Mgmt. Fee**: 0.25
2016 MER*: 0.29
CUSIP: 74934C109
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Sep, 2016
Maturity Date: Nov, 2023
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of October 19, 2017)
Closing Price 19.30
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 20.06
Market 52 Week Low 19.26
Volume 0
Fund Net Asset Value
(as of October 19, 2017)
NAV Price 19.34
Change ($) 0.02
Change (%) 0.10
NAV per Share 52 Week High 20.12
NAV per Share 52 Week Low 19.17
   


Performance Analysis

(as of September 29, 2017)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 0.44% -1.03% -1.04% -1.22% -1.85% -0.99%


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 (%)*
Weighted Average Current Yield (%)* 3.21
Weighted Average Coupon (%)* 3.33
Par Value per Unit 18.64
Weighted Average Duration 5.19
*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
SUN LIFE FINL INC FLTG 3.050 SEP 19 28 10.0
ROYAL BANK CDA 2.333 DEC 05 23 10.0
TD BANK 1.909 JUL 18 23 9.9
TRANSCANADA PIPELINE 3.690 JUL 19 23 9.7
BROOKFIELD ASSET MMT 4.540 MAR 31 23 7.3
ALTALINK LP 3.668 NOV 06 23 6.5
WELLS FARGO FINL CDA 3.460 JAN 24 23 6.4
OMERS RLTY CORP 3.358 JUN 05 23 6.4
TELUS CORP 3.350 MAR 15 23 6.3
ENBRIDGE INC 3.940 JUN 30 23 5.8
 
Top Holdings (% of Portfolio) 78.2%
Total Number of Holdings 18
The bonds held in this portfolio all have an effective maturity date of 2023 as determined in accordance with a rules-based methodology developed by PC-Bond.


Distributions & Tax Information

Distributions for Year: 2017
Choose distribution year:
Go
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 0.046 0.046
Feb, 2017 02/22/2017 02/24/2017 02/28/2017 0.046 0.046
Mar, 2017 03/22/2017 03/24/2017 03/31/2017 0.046 0.046
Apr, 2017 04/21/2017 04/25/2017 04/28/2017 0.046 0.046
May, 2017 05/24/2017 05/26/2017 05/31/2017 0.046 0.046
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 0.048 0.048
Sep, 2017 09/25/2017 09/26/2017 09/29/2017 0.043 0.043
Oct, 2017 10/24/2017 10/25/2017 10/31/2017 0.043 0.043
Year to Date   0.458 0.458

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.