The fund combines active management with a laddered strategy to provide diversified exposure to the Canadian bond market. The fund invests equally in five sub-portfolios that gain at least 30% exposure to government bonds and at most 70% to corporate bonds. The fund adviser selects government bonds based on term to maturity, credit quality, yield to maturity, and issuer diversification. Meanwhile, the fund gets its corporate bond exposure by investing in RBC Target Maturity Corporate Bond ETFs. Each sub-portfolio has one to five years remaining term to maturity. To maintain the one-to-five-year ladder structure, the fund rolls each nearest-term sub-portfolio into a new five-year sub-portfolio at the end of each year. The portfolio is rebalanced on a quarterly basis.