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RBC Canadian Discount Bond ETF (RCDB : NEO)

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Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Close
(05-07-2025) 		$21.12
Change
$0.00 (0.00%)
Open $21.12
Day Range $21.11 - $21.14
Volume 129,477

As at March 31, 2025

As at March 31, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252020-01-012021-01-012022-01-012023-01-012024-01-012025-01-01$18.00$19.00$20.00$21.00$22.00$19.50$20.50$21.5002,500,0005,000,0002,000,0004,000,000Period
Created with Highcharts 10.3.3Sep 2019Jan 2020May 2020Sep 2020Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025May …Jun 2024Jul 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252020-01-012021-01-012022-01-012023-01-012024-01-012025-01-010%-10%-5%5%10%-2%2%4%6%Period

Legend

RBC Canadian Discount Bond ETF

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Fund Returns

Inception Return (June 07, 2019): 2.37%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.32% 1.63% 2.30% 1.63% 7.00% 5.51% 3.93% 2.04% 2.51% - - - - -
Benchmark 0.31% 1.67% 2.32% 1.67% 7.00% 5.31% 3.68% 1.93% 2.09% 2.25% 2.40% 2.08% 1.99% 1.89%
Category Average 0.20% 1.85% 1.85% 1.34% 6.01% 4.91% 3.14% 1.59% 2.07% 1.89% 1.94% 1.66% 1.60% 1.42%
Category Rank 54 / 282 55 / 281 95 / 272 55 / 281 91 / 257 86 / 216 78 / 204 82 / 195 70 / 186 - - - - -
Quartile Ranking 1 1 2 1 2 2 2 2 2 - - - - -

Monthly Return

Created with Highcharts 10.3.3Apr 24May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25-1%0%1%2%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.44% 0.86% 0.78% 1.49% 0.52% 1.32% -0.29% 0.61% 0.35% 0.85% 0.44% 0.32%
Benchmark -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31%

Best Monthly Return Since Inception

1.78% (November 2023)

Worst Monthly Return Since Inception

-1.92% (March 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 5.59% -0.74% -4.15% 5.54% 5.72%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking - - - - - 1 2 2 2 2
Category Rank - - - - - 45/ 185 67/ 191 84/ 200 61/ 213 112/ 232

Best Calendar Return (Last 10 years)

5.72% (2024)

Worst Calendar Return (Last 10 years)

-4.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 47.52
Canadian Corporate Bonds 41.66
Cash and Equivalents 10.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.17
Cash and Cash Equivalent 10.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 1.00% 01-Jun-2027 7.43
Canada Government 2.00% 01-Jun-2028 4.47
Canada Housing Trust No 1 2.35% 15-Mar-2028 4.19
Toronto-Dominion Bank 1.13% 09-Dec-2025 3.47
Canada Government 0.25% 01-Mar-2026 3.41
Canadian Imperial Bank Commrce 1.10% 19-Jan-2026 3.20
Canada Housing Trust No 1 2.10% 15-Sep-2029 3.10
Royal Bank of Canada 2.14% 03-Nov-2026 2.59
Ontario Province 1.55% 01-Nov-2029 2.51
Canada Government 2.25% 01-Jun-2029 2.48

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-4%-2%0%2%4%6%8%

RBC Canadian Discount Bond ETF

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.58% 2.54% -
Beta 1.01% 1.04% -
Alpha 0.00% 0.00% -
Rsquared 0.98% 0.97% -
Sharpe 0.01% 0.05% -
Sortino 0.53% -0.26% -
Treynor 0.00% 0.00% -
Tax Efficiency 86.15% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.96% 2.58% 2.54% -
Beta 1.06% 1.01% 1.04% -
Alpha 0.00% 0.00% 0.00% -
Rsquared 0.98% 0.98% 0.97% -
Sharpe 1.48% 0.01% 0.05% -
Sortino 4.33% 0.53% -0.26% -
Treynor 0.03% 0.00% 0.00% -
Tax Efficiency 90.23% 86.15% - -

Fund Details

Start Date June 07, 2019
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $21.20
52 Week Low $19.99
Annual Dividend $0.32
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure -
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

RBC Canadian Discount Bond ETF seeks to provide unitholders with exposure to the performance of a diversified portfolio of primarily Canadian government and corporate bonds which at the time of purchase are trading below the weighted average price of the universe of Canadian short term bonds to provide regular income while preserving capital.

Investment Strategy

The investment strategy of the RBC ETF is to invest in and hold a portfolio of securities selected by RBC GAM in order to achieve its investment objective. The RBC ETF is not an index mutual fund and is managed in the discretion of RBC GAM in accordance with its investment objectives and strategies and, as such, is generally more active in nature than an index mutual fund.

Portfolio Management

Portfolio Manager

RBC Global Asset Management Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

RBC Global Asset Management Inc.
Custodian

RBC Investor Services Trust (Canada)
Registrar

TSX Trust Company
Distributor

-

Fees

MER 0.16%
Management Fee 0.40%

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