RBC Short Term U.S. Corporate Bond ETF

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Investment Objective

RBC Short Term U.S. Corporate Bond ETF seeks to provide regular monthly income with the potential for modest capital growth by investing primarily in a well-diversified portfolio of short-term fixed-income securities issued in the U.S. market by U.S. and foreign corporations.

Fund Information

Ticker Symbol: RUSB
Exchange: TSX
Assets ($mm): 11.19
Units Outstanding: 550,000
Mgmt. Fee**: 0.35
MER*: 0.40
CUSIP: 74934F102
Income Distribution: Monthly
Capital Gains Distribution: Annually
Inception Date: Oct, 2017
Registered Account Eligibility: RRSPs, RRIFs, RESPs, DPSPs and TFSAs


Prices

Fund Market Price
(as of September 19, 2018)
Closing Price 20.35
Change ($) -0.08
Change (%) -0.39
Market 52 Week High 20.84
Market 52 Week Low 19.43
Volume 3,400
Fund Net Asset Value
(as of September 19, 2018)
NAV Price 20.35
Change ($) -0.05
Change (%) -0.27
NAV per Share 52 Week High 20.85
NAV per Share 52 Week Low 19.33
   


Performance Analysis

(as of August 31, 2018) 1
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV


Portfolio Analysis

 (as of September 19, 2018)
Number of Securities 217
Weighted Average Yield to Maturity (%)*
Weighted Average Current Yield (%)*
Weighted Average Coupon (%)* 3.19
Weighted Average Duration 2.83
Weighted Average Credit Rating BBB+
*Gross Of MER

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


Sector Breakdown
(as of August 31, 2018)


Underlying Holdings  (as of September 19, 2018) % Assets
BANK OF AMERICA CORP 2.328% 2020/10/01 1.4
KINDER MORGAN ENERGY PARTNERS LP 5% 2021/10/01 1.2
MORGAN STANLEY 2.75% 2022/05/19 1.2
GOLDMAN SACHS GROUP INC 2.905% 2022/07/24 1.2
CITIGROUP INC 2.876% 2022/07/24 1.2
MORGAN STANLEY 3.125% 2023/01/23 1.2
INTERPUBLIC GROUP CO 3.500 OCT 01 20 1.2
UNITED STATES TREASURY NOTE/BOND 1.5% MAR 31, 2023 1.2
ENERGY TRANSFER LP 5.2% 2022/02/01 1.2
ONEOK INC 4.25% 2022/02/01 1.1
 
Top Holdings (% of Portfolio) 12.1%
Total Number of Holdings 217


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 0.030 0.030
Feb, 2018 02-21-2018 02-22-2018 02-28-2018 0.025 0.025
Mar, 2018 03-22-2018 03-23-2018 03-29-2018 0.025 0.025
Apr, 2018 04-22-2018 04-23-2018 04-30-2018 0.022 0.022
May, 2018 05-23-2018 05-24-2018 05-31-2018 0.022 0.022
Jun, 2018 06-22-2018 06-25-2018 06-29-2018 0.021 0.021
Jul, 2018 07-24-2018 07-25-2018 07-31-2018 0.020 0.020
Aug, 2018 08-24-2018 08-27-2018 08-31-2018 0.020 0.020
Sep, 2018 09-21-2018 09-24-2018 09-28-2018 0.023 0.023
Year to Date   0.208 0.208

Notes:

Securities regulations do not allow us to report performance for an exchange-traded fund that has been available for less than one year. This fund was launched October 19, 2017.

† 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.