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): 129.18
Units Outstanding: 8,050,000
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 May 23, 2019)
Closing Price 15.98
Change ($) 0.00
Change (%) 0.00
Market 52 Week High 16.08
Market 52 Week Low 15.60
Volume 0
Fund Net Asset Value
(as of May 23, 2019)
NAV Price 16.05
Change ($) 0.04
Change (%) 0.23
NAV per Share 52 Week High 16.06
NAV per Share 52 Week Low 15.63
   


Performance Analysis

(as of April 30, 2019)
  YTD 1Mo 3Mo 6Mo 1Yr 3Yr 5Yr Since Incep
NAV 3.04% 0.32% 1.81% 3.87% 4.84% 2.41%


Portfolio Analysis

 (as of May 23, 2019)
Number of Securities 252
Weighted Average Yield to Maturity (%)* 2.94
Weighted Average Current Yield (%)* 3.26
Weighted Average Coupon (%)* 3.32
Weighted Average Duration 2.81
Weighted Average Credit Rating BBB+
*Gross Of MER

Sector Breakdown
(as of April 30, 2019)


Underlying Holdings  (as of May 23, 2019) % Assets
MORGAN STANLEY 3.125 JAN 23 23 1.4
BANK AMER CORP 2.503 OCT 21 22 1.2
EVERSOURCE ENERGY 3.800 DEC 01 23 1.2
ROCKWELL COLLINS INC 2.800 MAR 15 22 1.1
MPLX LP 3.375 MAR 15 23 1.0
CITIGROUP INC FLTG 2.876 JUL 24 23 1.0
UNITEDHEALTH GROUP I 3.500 FEB 15 24 1.0
BANK AMER CORP 3.300 JAN 11 23 0.9
GOLDMAN SACHS GROUP FLTG 2.905 JUL 24 23 0.9
BANK AMER CORP FLTG 2.328 OCT 01 21 0.9
 
Top Holdings (% of Portfolio) 10.7%
Total Number of Holdings 252


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 0.029 0.029
Feb, 2019 02-21-2019 02-22-2019 02-28-2019 0.032 0.032
Mar, 2019 03-21-2019 03-22-2019 03-29-2019 0.033 0.033
Apr, 2019 04-22-2019 04-23-2019 04-30-2019 0.035 0.035
May, 2019 05-22-2019 05-23-2019 05-31-2019 0.036 0.036
Year to Date   0.165 0.165

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.