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): 10.63
Units Outstanding: 500,000
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 March 18, 2019)
Closing Price 21.33
Change ($) 0.13
Change (%) 0.61
Market 52 Week High 21.47
Market 52 Week Low 19.73
Volume 2,800
Fund Net Asset Value
(as of March 18, 2019)
NAV Price 21.26
Change ($) 0.01
Change (%) 0.05
NAV per Share 52 Week High 21.47
NAV per Share 52 Week Low 19.70
   


Performance Analysis

(as of February 28, 2019)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV -2.06% 0.63% 1.48% 3.16% 6.20% 5.85%


Portfolio Analysis

 (as of March 18, 2019)
Number of Securities 245
Weighted Average Yield to Maturity (%)* 3.37
Weighted Average Current Yield (%)* 3.31
Weighted Average Coupon (%)* 3.36
Weighted Average Duration 2.83
Weighted Average Credit Rating BBB+
*Gross Of MER

Credit Ratings Distribution/Breakdown
(as of February 28, 2019)


Sector Breakdown
(as of February 28, 2019)


Underlying Holdings  (as of March 18, 2019) % Assets
ROCKWELL COLLINS INC 2.8% MAR 15, 2022 1.3
MPLX LP 3.375% MAR 15, 2023 1.2
CITIGROUP INC 2.876% JUL 24, 2023 1.2
UNITEDHEALTH GROUP INC 3.5% FEB 15, 2024 1.2
MORGAN STANLEY 3.125% JAN 23, 2023 1.1
EVERSOURCE ENERGY 3.8% DEC 01, 2023 1.1
ENERGY TRANSFER OPERATING LP 4.5% APR 15, 2024 1.1
BANK OF AMERICA CORP 2.328% OCT 01, 2021 1.1
CITIGROUP INC 2.7% MAR 30, 2021 1.0
JPMORGAN CHASE & CO 2.7% MAY 18, 2023 1.0
 
Top Holdings (% of Portfolio) 11.3%
Total Number of Holdings 245


Distributions & Tax Information

Distributions for Year: 2019
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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, 2019 01-23-2019 01-24-2019 01-31-2019 0.039 0.039
Feb, 2019 02-21-2019 02-22-2019 02-28-2019 0.042 0.042
Mar, 2019 03-21-2019 03-22-2019 03-29-2019 0.044 0.044
Year to Date   0.125 0.125

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.