RBC TARGET 2027 US CORPORATE BOND UNITS CADRBC TARGET 2027 US CORPORATE BOND UNITS CADRBC TARGET 2027 US CORPORATE BOND UNITS CAD

RBC TARGET 2027 US CORPORATE BOND UNITS CAD

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Key stats


Assets under management (AUM)
‪4.35 M‬CAD
Fund flows (1Y)
‪2.81 M‬CAD
Dividend yield (indicated)
2.69%
Discount/Premium to NAV
−27.4%

About RBC TARGET 2027 US CORPORATE BOND UNITS CAD


Issuer
Royal Bank of Canada
Brand
RBC
Home page
Inception date
Apr 24, 2024
Index tracked
No Underlying Index
Management style
Active
The fund is a held-to-maturity portfolio that aims to provide income by actively investing in investment grade, US corporate bonds with effective maturities in 2027. It is designed for investors with low-risk appetites who can accept fluctuations in the value of their investment. Each bond is assessed and selected for its term and yield to maturity, credit quality, issue size, liquidity, and relative price to par. The funds' maturity date will be on or about September 30, 2027. The fund will voluntarily delist from the TSX in advance of its termination date, and upon maturity, it will dissolve and return all capital to investors.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Investment grade
Niche
Intermediate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 6, 2024
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate99.62%
Cash0.38%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows