Key stats
About RBC TARGET 2029 CANADIAN CORPO CAD UNIT
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Inception date
Aug 26, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
RBC Global Asset Management, Inc.
The fund is a held-to-maturity portfolio that aims to provide income by replicating the performance of the FTSE Canada 2029 Maturity Corporate Bond Index. The index is primarily composed of Canadian dollar-denominated, corporate bonds with effective maturities in 2029. 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 September 30, 2029. 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.98%
Cash0.02%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RQR top holdings are Bank of Montreal 4.42% 17-JUL-2029 and National Bank of Canada 5.023% 01-FEB-2029, occupying 7.69% and 5.88% of the portfolio correspondingly.
RQR last dividends amounted to 0.07 CAD. The month before, the issuer paid 0.07 CAD in dividends,
RQR assets under management is 378.83 M CAD. It's risen 1.99% over the last month.
RQR fund flows account for 183.73 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RQR pays dividends to its holders with the dividend yield of 3.69%. The last dividend (May 30, 2025) amounted to 0.07 CAD. The dividends are paid monthly.
RQR shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on Aug 26, 2022, and its management style is Passive.
RQR expense ratio is 0.26% meaning you'd have to pay 0.26% of your investment to help manage the fund.
RQR follows the FTSE Canada 2029 Maturity Corporate Bond Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RQR invests in bonds.
RQR price has risen by 0.18% over the last month, and its yearly performance shows a 4.43% increase. See more dynamics on RQR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.65% over the last month, showed a 0.59% increase in three-month performance and has increased by 8.30% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.65% over the last month, showed a 0.59% increase in three-month performance and has increased by 8.30% in a year.
RQR trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.