RBC Target 2025 Corporate Bond Index ETF
RBC Target 2025 Corporate Bond Index ETF (RQN.TO) Company Profile & Overview
Explore RBC Target 2025 Corporate Bond Index ETF’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
RBC Target 2025 Corporate Bond Index ETF (RQN.TO) Company Profile & Overview
The fund is a held-to-maturity portfolio that aims to provide income by replicating the performance of the FTSE Canada 2025 Maturity Corporate Bond Index. The index is primarily composed of Canadian dollar-denominated, corporate bonds with effective maturities in 2025. 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, 2025. RQN 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.