TORONTO, Sept. 15, 2023 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced the final valuation of several terminated RBC exchange traded funds (the “RBC ETFs”).
As announced earlier this year, RBC Target 2023 Corporate Bond Index ETF (TSX: RQK) matured effective the close of business today, Friday, September 15, 2023. In addition, seven RBC ETFs were terminated effective the close of business today. The RBC ETFs were voluntarily delisted from the Toronto Stock Exchange or Neo Exchange, as applicable, at the request of RBC GAM Inc. effective market close on Tuesday, September 12, 2023.
The final net asset value (“NAV”) per unit of the RBC ETFs are as follows:
| FUND NAME | FUND TICKER | FINAL NAV PER UNIT | Breakdown of final NAV per Unit | ||
| INCOMEPERUNIT | CAPITALGAINPERUNIT | CAPITALPERUNIT | |||
| RBC Target 2023 Corporate Bond Index ETF | RQK | $19.0981 | $0.125 | $0.0000 | $18.9731 |
| RBC Quant Canadian Equity Leaders ETF | RCE | $26.8785 | $0.000 | $0.0000 | $26.8785 |
| RBC Quant U.S. Equity Leaders ETF | RUE | $45.7475 | $0.000 | $0.0000 | $45.7475 |
| RBC Quant U.S. Equity Leaders ETF (USD Units)* | RUE.U | $33.8141 | $0.000 | $0.0000 | $33.8141 |
| RBC Quant U.S. Equity Leaders (CAD Hedged) ETF | RUEH | $36.4855 | $0.000 | $0.0000 | $36.4855 |
| RBC Quant EAFE Equity Leaders ETF | RIE | $23.4524 | $0.004 | $0.0000 | $23.4488 |
| RBC Quant EAFE Equity Leaders ETF (USD Units)* | RIE.U | $17.3348 | $0.003 | $0.0000 | $17.3322 |
| RBC Quant EAFE Equity Leaders (CAD Hedged) ETF | RIEH | $23.7796 | $0.000 | $1.8853 | $21.8943 |
| RBC Quant Emerging Markets Equity Leaders ETF | RXE | $22.9511 | $0.231 | $0.0000 | $22.7196 |
| RBC Quant Emerging Markets Equity Leaders ETF (USD Units)* | RXE.U | $16.9642 | $0.171 | $0.0000 | $16.7931 |
| RBC Vision Women’s Leadership MSCI Canada Index ETF | RLDR | $24.9163 | $0.000 | $0.0000 | $24.9163 |
| * Amounts per unit ($) are in USD for RUE.U, RIE.U and RXE.U |
The maturity proceeds were paid out of each RBC ETF today to the unitholders of the remaining outstanding units.
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfsolutions.
Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the applicable prospectus or ETF 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 GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.
The RBC Target 2023 Corporate Bond Index ETF does not seek to deliver a predetermined amount at maturity, and the amount an investor receives may be more or less than their original investment. The RBC Target 2023 Corporate Bond Index ETF was developed solely by RBC GAM Inc. and is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”).
All rights in the FTSE Canada 2023 Maturity Corporate Bond Index vest in the relevant LSE Group company which owns the FTSE Canada 2023 Maturity Corporate Bond Index. “FTSE®” is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license.
The FTSE Canada 2023 Maturity Corporate Bond Index is calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Canada 2023 Maturity Corporate Bond Index or (b) investment in or operation of the RBC Target 2023 Corporate Bond Index ETF. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the RBC Target 2023 Corporate Bond Index ETF or the suitability of the FTSE Canada 2023 Maturity Corporate Bond Index for the purpose to which it is being put by RBC GAM Inc.
RBC Vision Women’s Leadership MSCI Canada Index ETF is not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to the ETF or any index on which the ETF is based. The prospectus of RBC Vision Women’s Leadership MSCI Canada Index ETF contains a more detailed description of the limited relationship MSCI has with RBC GAM Inc. and the ETF.About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $555 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
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