AboutThe 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. 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). The RBC ETF will not invest in CLO tranches rated below A- (at the time of purchase). The RBC ETF may purchase CLOs in both the primary and secondary markets.
