Description

This exchange-traded fund (ETF) operates as a held-to-maturity portfolio, seeking to generate income by mirroring the returns of the FTSE Canada 2025 Maturity Corporate Bond Index. Its underlying index is primarily composed of Canadian dollar-denominated corporate bonds, all sharing effective maturity dates within 2025. To ensure credit quality and diversification, every bond included must carry a rating of BBB or superior, and no single bond's allocation can surpass 10% of the index's total weight. The fund itself is structured to mature around November 30, 2025. Prior to its termination, RQN will voluntarily de-list from the Toronto Stock Exchange (TSX), and upon reaching its maturity, it will undergo dissolution, distributing all invested capital back to shareholders. The index undergoes rebalancing twice per year, with the exception of the final maturity year.