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RBC Canadian Discount Bond ETF (RCDB : NEO)

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Close
(01-22-2025)
$20.88
Change
-$0.03 (-0.14%)
Open $20.91
Day Range $20.86 - $20.91
Volume 37,856

As at December 31, 2024

As at December 31, 2024

Period

Chart

Combination chart with 3 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 3 Y axes displaying Closing Price Volume and navigator-y-axis.
Viewing Data ranges from 2019-07-01 00:00:00 to 2025-01-22 00:00:00.
End of interactive chart.

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
Viewing Data ranges from 2019-07-01 00:00:00 to 2025-01-22 00:00:00.
End of interactive chart.

Legend

RBC Canadian Discount Bond ETF

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Fund Returns

Inception Return (June 07, 2019): 2.18%

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 0.35% 0.66% 4.05% 5.72% 5.72% 5.63% 2.27% 1.51% 2.31% - - - - -
Benchmark 0.46% 0.64% 3.94% 5.71% 5.71% 5.32% 2.12% 1.35% 2.11% 2.25% 2.20% 1.96% 1.84% 1.91%
Category Average 0.23% 3.50% 3.50% 5.17% 5.17% 5.01% 1.75% 1.10% 1.74% 1.94% 1.74% 1.57% 1.49% 1.40%
Category Rank 179 / 330 229 / 321 140 / 309 147 / 280 147 / 280 112 / 260 120 / 247 109 / 233 88 / 227 - - - - -
Quartile Ranking 3 3 2 3 3 2 2 2 2 - - - - -

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.4398 to 1.4883.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund -0.20% 0.12% 0.49% -0.44% 0.86% 0.78% 1.49% 0.52% 1.32% -0.29% 0.61% 0.35%
Benchmark -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46%

Best Monthly Return Since Inception

1.78% (November 2023)

Worst Monthly Return Since Inception

-1.92% (March 2022)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -4.145705 to 5.721168.
End of interactive chart.
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 3
Category Rank - - - - - 51/ 227 101/ 233 98/ 247 89/ 260 147/ 280

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 51.45
Canadian Corporate Bonds 45.26
Cash and Equivalents 3.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.71
Cash and Cash Equivalent 3.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 1.00% 01-Jun-2027 7.41
Canada Housing Trust No 1 1.10% 15-Dec-2026 4.92
Canada Government 2.00% 01-Jun-2028 4.45
Canada Housing Trust No 1 2.35% 15-Mar-2028 4.17
Toronto-Dominion Bank 1.13% 09-Dec-2025 3.48
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 3.07
Royal Bank of Canada 2.14% 03-Nov-2026 2.59
Ontario Province 1.55% 01-Nov-2029 2.49

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.5085 to 8.0767.
The chart has 1 Y axis displaying Return. Data ranges from -3.859756 to 6.2464.
End of interactive chart.

RBC Canadian Discount Bond ETF

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.97% 2.62% -
Beta 1.03% 1.04% -
Alpha 0.00% 0.00% -
Rsquared 0.98% 0.94% -
Sharpe -0.46% 0.00% -
Sortino -0.32% -0.34% -
Treynor -0.01% 0.00% -
Tax Efficiency 76.78% - -
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 2.09% 2.97% 2.62% -
Beta 1.05% 1.03% 1.04% -
Alpha 0.00% 0.00% 0.00% -
Rsquared 0.98% 0.98% 0.94% -
Sharpe 0.58% -0.46% 0.00% -
Sortino 2.61% -0.32% -0.34% -
Treynor 0.01% -0.01% 0.00% -
Tax Efficiency 88.58% 76.78% - -

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 $20.92
52 Week Low $19.86
Annual Dividend $0.28
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 Manager(s)

Name Start Date
RBC Global Asset Management Inc. 06-17-2020

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar TSX Trust Company
Distributor -
Auditor PWC Management Services LP

Fees

MER 0.17%
Management Fee 0.40%

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