Key stats
About RBC CANADIAN BANK YIELD INDEX ETF CAD UNITS
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Inception date
Oct 19, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
RBC Global Asset Management, Inc.
The fund invests in the constituent securities of an index that includes stocks of Canadas six largest banks. The stocks are selected by market capitalization and weighted based on their indicative annual dividend yields. The two highest dividend yielding Canadian bank stocks each receive a 1/4 weight. Stocks which rank third and fourth each receive a 1/6 weight, and the remaining two each receive a 1/12 weight. The index is rebalanced every quarter.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.91%
Finance99.91%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RBNK top holdings are Bank of Montreal and Bank of Nova Scotia, occupying 25.74% and 24.58% of the portfolio correspondingly.
RBNK last dividends amounted to 0.12 CAD. The month before, the issuer paid 0.11 CAD in dividends, which shows a 8.33% increase.
RBNK assets under management is 271.01 M CAD. It's risen 10.28% over the last month.
RBNK fund flows account for −22.58 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RBNK pays dividends to its holders with the dividend yield of 4.48%. The last dividend (Apr 30, 2025) amounted to 0.11 CAD. The dividends are paid monthly.
RBNK shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on Oct 19, 2017, and its management style is Passive.
RBNK expense ratio is 0.32% meaning you'd have to pay 0.32% of your investment to help manage the fund.
RBNK follows the Solactive Canada Bank Yield Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RBNK invests in stocks.
RBNK price has risen by 9.49% over the last month, and its yearly performance shows a 19.33% increase. See more dynamics on RBNK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.26% over the last month, showed a 3.89% increase in three-month performance and has increased by 24.43% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 10.26% over the last month, showed a 3.89% increase in three-month performance and has increased by 24.43% in a year.
RBNK trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.