RBC Short Term U.S. Corporate Bond ETF (USD Units)

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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.U
Exchange: TSX
Assets ($mm): 69.00
Units Outstanding: 4,400,000
Mgmt. Fee**: 0.35
MER*: 0.40
CUSIP: 74934F201
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 November 20, 2018)
Closing Price 15.71
Change ($) -0.01
Change (%) -0.06
Market 52 Week High 16.04
Market 52 Week Low 15.60
Volume 31,800
Fund Net Asset Value
(as of November 20, 2018)
NAV Price 15.68
Change ($) -0.02
Change (%) -0.10
NAV per Share 52 Week High 15.94
NAV per Share 52 Week Low 15.60
   


Performance Analysis

(as of October 31, 2018)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV -0.02% -0.12% 0.34% 0.93% -0.17% -0.14%


Portfolio Analysis

 (as of November 20, 2018)
Number of Securities 215
Weighted Average Yield to Maturity (%)* 3.66
Weighted Average Current Yield (%)* 3.28
Weighted Average Coupon (%)* 3.30
Weighted Average Duration 2.84
Weighted Average Credit Rating BBB+
*Gross Of MER

Sector Breakdown
(as of September 30, 2018)


Underlying Holdings  (as of November 20, 2018) % Assets
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.75% JAN 15, 2022 1.3
MEDTRONIC INC 3.15% 2022/03/15 1.3
BANK OF AMERICA CORP 2.328% 2020/10/01 1.2
ONEOK INC 4.25% 2022/02/01 1.2
BECTON DICKINSON AND CO 2.894% 2022/06/06 1.2
US DOLLAR
CENTERPOINT ENERGY INC 3.85% FEB 01, 2024 1.1
SHERWIN-WILLIAMS CO/THE 2.75% 2022/06/01 1.1
MARATHON OIL CORP 2.8% 2022/11/01 1.1
WILLIAMS PARTNERS LP 3.35% 2022/08/15 1.1
 
Top Holdings (% of Portfolio) 10.7%
Total Number of Holdings 215


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 0.024 0.024
Feb, 2018 02-21-2018 02-22-2018 02-28-2018 0.020 0.020
Mar, 2018 03-22-2018 03-23-2018 03-29-2018 0.019 0.019
Apr, 2018 04-22-2018 04-23-2018 04-30-2018 0.017 0.017
May, 2018 05-23-2018 05-24-2018 05-31-2018 0.017 0.017
Jun, 2018 06-22-2018 06-25-2018 06-29-2018 0.016 0.016
Jul, 2018 07-24-2018 07-25-2018 07-31-2018 0.015 0.015
Aug, 2018 08-24-2018 08-27-2018 08-31-2018 0.015 0.015
Sep, 2018 09-21-2018 09-24-2018 09-28-2018 0.017 0.017
Oct, 2018 10-24-2018 10-25-2018 10-31-2018 0.023 0.023
Nov, 2018 11-23-2018 11-26-2018 11-30-2018 0.027 0.027
Year to Date   0.210 0.210

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.