RBC U.S. Banks Yield Index ETF
RUBY.TO
Toronto Stock Exchange- -
CAD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- May 15, 2018
- Website
- rbcgam.com
- Similar Companies
- Business
- RBC U.S. Banks Yield Index ETF (TSX:RUBY), managed by RBC Global Asset Management Inc., is an exchange-traded fund that seeks to replicate, to the extent possible, the performance of the Solactive U.S. Banks Yield NTR Index (CAD) through a full replication technique. The ETF invests primarily in dividend-paying stocks of large-cap companies operating in the U.S. financials and banks sectors, including growth and value stocks; it offers units in Canadian dollars (RUBY), U.S. dollars (RUBY.U), and a CAD-hedged variant (RUBH). Formed on April 20, 2018, and domiciled in Canada with headquarters aligned to RBC GAM in Toronto, the fund targets investors seeking yield exposure to the U.S. banking industry through public equity markets. In June 2025, RBC GAM announced the termination of the ETF, effective on or about September 12, 2025, alongside three other RBC ETFs (RBC U.S. Banks Yield (CAD Hedged) Index ETF (RUBH), RBC Quant Emerging Markets Dividend Leaders ETF (RXD/RXD.U), and RBC PH&N Short Term Canadian Bond ETF (RPSB)), as part of portfolio rationalization efforts. This followed ongoing monthly cash distributions, with the final valuation reported in September 2025 at $0.000 per unit for RUBY and RUBY.U, concluding operations after approximately seven years. The ETF maintained a focus on North American financial sector exposure amid broader RBC GAM strategies emphasizing ETF lineup expansions and risk adjustments in 2025, managing assets of approximately CAD 18.20 million prior to termination.