RBC Target 2023 Corporate Bond Index ETF

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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): 4.96
Units Outstanding: 250,000
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


Notes:

Prices

Fund Market Price
(as of June 23, 2017)
Closing Price 19.91
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 20.08
Market 52 Week Low 19.49
Volume 0.00
Fund Net Asset Value
(as of June 23, 2017)
NAV Price 19.84
Change ($) 0.03
Change (%) 0.16
NAV per Share 52 Week High 20.25
NAV per Share 52 Week Low 19.47
   


Performance Analysis

(as of May 31, 2017) 1
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV


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 (%)*
Weighted Average Current Yield (%)* 3.13
Weighted Average Coupon (%)* 3.33
Par Value per Unit 18.62
Weighted Average Duration 6.10
*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
SUN LIFE FINANCIAL INC 3.05% 19SEP28 10.0
ROYAL BANK OF CANADA 2.33% 05DEC23 10.0
TORONTO-DOMINION BANK/THE 1.91% 18JUL23 9.9
TRANSCANADA PIPELINES LTD 3.69% 19JUL23 9.7
BROOKFIELD ASSET MANAGEMENT INC 4.54% 31MAR23 7.3
ALTALINK LP 3.67% 06NOV23 6.5
OMERS REALTY CORP 3.36% 05JUN23 6.4
WELLS FARGO CANADA CORP 3.46% 24JAN23 6.4
TELUS CORP 3.35% 15MAR23 6.3
ENBRIDGE INC 3.94% 30JUN23 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
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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 0.046 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
Jun, 2017 06/22/2017 06/26/2017 06/30/2017 0.047 0.047
Year to Date   0.231 0.231

† 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.