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RBC AAA CLO (CAD Hedged) ETF (RCLO : NEO)
Global Fixed Income
|
Close (09-22-2026) |
$19.64 |
|---|---|
| Change |
-$0.15
(-0.76%)
|
| Open | $19.65 |
|---|---|
| Day Range | $19.65 - $19.65 |
| Volume | 2,519 |
As at August 31, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (May 28, 2025): 3.73%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.31% | 0.91% | 1.75% | 2.43% | 3.52% | - | - | - | - | - | - | - | - | - |
| Benchmark | -0.84% | -0.50% | -1.39% | 0.16% | 0.75% | 2.93% | 4.03% | 3.71% | -0.35% | -0.87% | -0.26% | 0.99% | 1.17% | 0.60% |
| Category Average | -0.03% | -2.03% | -2.03% | -0.52% | 0.54% | 1.34% | 3.09% | 2.43% | -0.35% | -0.11% | 0.42% | 1.17% | 0.97% | 0.89% |
| Category Rank | 19 / 242 | 8 / 238 | 9 / 236 | 10 / 236 | 7 / 224 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.35% | 0.18% | 0.24% | 0.29% | 0.44% | 0.24% | 0.10% | 0.38% | 0.35% | 0.28% | 0.31% | 0.31% |
| Benchmark | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% | -1.94% | -0.84% |
Best Monthly Return Since Inception
0.69% (June 2025)
Worst Monthly Return Since Inception
-0.36% (May 2025)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
-
Worst Calendar Return (Last 10 years)
-
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Bonds - Other | 73.32 |
| Foreign Corporate Bonds | 24.68 |
| Cash and Equivalents | 1.99 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.01 |
| Cash and Cash Equivalent | 1.99 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 63.55 |
| Latin America | 18.88 |
| Europe | 17.57 |
Top Holdings
| Name | Percent |
|---|---|
| Neuberger Berman Loan Advisers CLO 39 Ltd 4.95% 20-Apr-2038 | 6.65 |
| Pikes Peak Clo 2 4.95% 11-Oct-2034 | 5.87 |
| RRE 12 Loan Management DAC 3.62% 15-Oct-2041 | 5.80 |
| Jubilee CLO 2021-XXV DAC 3.63% 15-Oct-2039 | 5.80 |
| Dryden 37 Senior Loan Fund 5.41% 15-Jan-2031 | 4.84 |
| KKR CLO 40 Ltd 5.43% 20-Oct-2034 | 4.50 |
| Eaton Vance CLO 2019-1 Ltd 5.35% 15-Jul-2037 | 4.16 |
| Diameter Capital CLO 7 Ltd 4.96% 20-Jul-2039 | 4.16 |
| PPM CLO 7 Ltd 5.02% 20-Jul-2037 | 4.16 |
| Galaxy 38 CLO Ltd % 20-Oct-2039 | 4.16 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.31% | - | - | - |
| Beta | 0.00% | - | - | - |
| Alpha | 0.03% | - | - | - |
| Rsquared | 0.00% | - | - | - |
| Sharpe | 3.85% | - | - | - |
| Sortino | 2.84% | - | - | - |
| Treynor | -180.18% | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | May 28, 2025 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| 52 Week High | $20.01 |
| 52 Week Low | $18.98 |
| Annual Dividend | $0.96 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | - |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
Investment Objectives
The RBC ETF seeks to provide a high level of current income while preserving capital by investing primarily in a diversified portfolio of high quality AAA rated collateralized loan obligations (“CLOs”), while seeking to minimize the exposure to currency fluctuations between foreign currencies and the Canadian dollar.
Investment Strategy
The RBC ETF invests primarily in a portfolio of CLOs issued by issuers located in the U.S. but may also invest in CLOs issued by issuers located in Europe. The RBC ETF will invest at least 75% of its portfolio in AAA rated CLO tranches (at the time of purchase) and may invest no more than 25% of its portfolio in AA and/or A rated CLO tranches (at the time of purchase).
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
RBC Global Asset Management (U.S.) Inc. RBC Global Asset Management (UK) Limited |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Fees
| MER | 0.34% |
|---|---|
| Management Fee | 0.29% |
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