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)
Distributes
Capital Gains
Tax on distributions
Eligible Dividends
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
Displays a symbol's price movements over previous years to identify recurring trends.