RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) TSX
Currency In CAD
AD
- General
- Statistics
- Historical Data
- Profile
- Financials
AD
Currency In CAD
Address
155 Wellington Street West, 22nd Floor
Toronto, ON M5V 3K7
Canada
Phone
1-855-713-3837
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
December 28, 2023
The fund is a held-to-maturity portfolio that aims to provide income by replicating the performance of the FTSE Canada 2027 Maturity Corporate Bond Index. The index is primarily composed of Canadian dollar-denominated, corporate bonds with effective maturities in 2027. Each bond must be rated BBB or higher, and must not exceed 10% weight in the index. The funds maturity date will be on or about November 30, 2027. RQP will voluntarily delist from the TSX in advance of its termination date, and upon maturity, it will dissolve and return all capital to investors. The index is rebalanced semi-annually, except in the maturity year.