Key stats
About RBC CANADIAN BANK YIELD INDEX ETF CAD UNITS
Expense ratio
0.32%
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Inception date
Oct 19, 2017
ISIN
CA75525D1096
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
What's in the fund
Exposure type
Finance
Stock breakdown by region