RBC Target 2024 Corporate Bond Index ETF

The fund is a held-to-maturity portfolio that aims to provide income by replicating the performance of the FTSE Canada 2024 Maturity Corporate Bond Index. The index is primarily composed of Canadian dollar-denominated, corporate bonds with effective maturities in 2024. 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, 2024. RQL 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.