Key stats
About RBC CANADIAN DISCOUNT BOND ETF
Expense ratio
0.17%
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Inception date
Jun 13, 2019
The fund seeks to provide regular income while preserving capital by holding short-term Canadian government and corporate bonds. The fund primarily invests in bonds trading below the weighted average price of the Canadian short-term bond universe, with a preference for discount bonds.The fund may hold USD-denominated loans and may invest in short-term, Canadian- or US-listed debt issued by the US government and foreign corporations. To select securities, the fund adviser uses a rules-based, proprietary process that considers key factors such as term to maturity, credit quality, yield to maturity, duration, and issuer diversification. The fund adviser also considers environmental, social, and governance (ESG) factors in the selection process.
Classification
What's in the fund
Exposure type
Corporate
Government
Bonds, Cash & Other100.00%
Corporate67.22%
Government32.68%
Cash0.10%
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