Key stats
About RBC U S DISCOUNT BOND ETF UNITS CAD
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Inception date
May 18, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
RBC Global Asset Management, Inc.
The fund seeks to provide regular income while preserving capital by holding short-term US government and corporate bonds. The fund primarily invests in bonds trading below the weighted average price of the US short-term bond universe, with a preference for discount bonds. To select bonds, 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 incorporates material environmental, social, and governance (ESG) factors in the selection process. The fund is actively managed, the adviser has full discretion to buy, hold, or sell securities at any given time. The fund may also engage in securities lending and invest in derivatives, cash, and money market instruments.
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
Government
Corporate
Bonds, Cash & Other100.00%
Government89.67%
Corporate10.08%
Cash0.24%
Stock breakdown by region
North America98.91%
Europe0.70%
Asia0.28%
Oceania0.12%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RUDB invests in bonds. The fund's major sectors are Government, with 89.67% stocks, and Corporate, with 10.08% of the basket. The assets are mostly located in the North America region.
RUDB top holdings are United States Treasury Notes 1.625% 15-AUG-2029 and United States Treasury Notes 0.375% 31-JUL-2027, occupying 8.01% and 5.78% of the portfolio correspondingly.
RUDB last dividends amounted to 0.02 CAD. The month before, the issuer paid 0.02 CAD in dividends,
RUDB assets under management is 328.80 M CAD. It's risen 1.90% over the last month.
RUDB fund flows account for 257.85 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, RUDB pays dividends to its holders with the dividend yield of 1.34%. The last dividend (Jun 30, 2025) amounted to 0.02 CAD. The dividends are paid monthly.
RUDB shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on May 18, 2023, and its management style is Active.
RUDB expense ratio is 0.33% meaning you'd have to pay 0.33% of your investment to help manage the fund.
RUDB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RUDB invests in bonds.
RUDB price has risen by 1.13% over the last month, and its yearly performance shows a 3.93% increase. See more dynamics on RUDB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.94% over the last month, showed a −0.09% decrease in three-month performance and has increased by 5.72% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.94% over the last month, showed a −0.09% decrease in three-month performance and has increased by 5.72% in a year.
RUDB trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.