RBC Target 2027 Corporate Bond Index ETF
Overview
The ETF seeks to provide income for a limited period of time ending on its termination date Fund replicating, to the extent possible, the investment results that correspond generally to the performance, before fees and expenses, of the FTSE Canada 2027 Maturity Corporate Bond Index. The FTSE Canada 2027 Maturity Corporate Bond Index is designed to represent the performance of a heldĀætoĀæmaturity portfolio consisting of, primarily, Canadian dollarĀædenominated investment grade corporate bonds with effective maturities in 2027. The ETF intends to invest at least 90% of its assets in and hold the securities that comprise the FTSE Canada 2027 Maturity Corporate Bond Index securities that have economic characteristics that are substantially similar to those that comprise the index.