As announced earlier this year, the RBC Target 2022 Corporate Bond Index ETF will mature effective the close of business today,
ETF | TICKER | FINAL NAV PER UNIT |
RBC Target 2022 Corporate Bond Index ETF | RQJ |
The final NAV per unit consists of the following:
Income per unit | |
Capital per unit | |
Final NAV per unit |
The maturity proceeds will be paid out of the ETF today to the holders of the remaining outstanding units.
The suite of RBC Target Maturity Corporate Bond ETFs includes seven ETFs with maturities ranging from 2023 to 2029.
Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date established when the ETF is launched. When the ETF reaches the maturity date, the ETF's final net asset value (NAV) is returned to the current unitholders.
A target maturity ETF's portfolio contains fixed income securities that mature throughout its stated maturity year. This structure results in a duration profile similar to that of an individual bond, where the ETF's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes.
For further information regarding RBC ETFs, please visit https://www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds ("ETFs"). Please read the applicable prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by
The RBC Target Maturity Corporate Bond ETFs ("TMCB ETFs") do not seek to deliver a predetermined amount upon maturity, and the amount an investor receives may be more or less than their original investment.
The TMCB ETFs have been developed solely by
All rights in FTSE Canada 2022 Maturity Corporate Bond Index, the FTSE Canada 2023 Maturity Corporate Bond Index, FTSE Canada 2024 Maturity Corporate Bond Index, FTSE Canada 2025 Maturity Corporate Bond Index, FTSE Canada 2026 Maturity Corporate Bond Index, FTSE Canada 2027 Maturity Corporate Bond Index, FTSE Canada 2028 Maturity Corporate Bond Index and FTSE Canada 2029 Maturity Corporate Bond Index (collectively, the "FTSE GDCM Indices") vest in FTSE Global Debt Capital Markets Inc. "FTSE®" is a trade mark of the relevant
The FTSE GDCM Indices are calculated by
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SOURCE
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