RBC Target 2024 Canadian Corporate Bond Index ETF (TSX: RQL)
Canada
· Delayed Price · Currency is CAD | Assets | 345.71M |
| Expense Ratio | 0.25% |
| PE Ratio | n/a |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 2.55% |
| Ex-Dividend Date | Apr 22, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | +2.42% |
| Volume | 4,579 |
| Open | 20.36 |
| Previous Close | 20.35 |
| Day's Range | 20.35 - 20.36 |
| 52-Week Low | 19.79 |
| 52-Week High | 20.36 |
| Beta | 0.50 |
| Holdings | 10 |
| Inception Date | Sep 12, 2018 |
About RQL
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.
Performance
RQL had a total return of 2.42% in the past year. Since the fund's inception, the average annual return has been 0.42%, including dividends.
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 22, 2024 | 0.045 CAD |
| Mar 20, 2024 | 0.050 CAD |
| Feb 21, 2024 | 0.045 CAD |
| Jan 23, 2024 | 0.042 CAD |
| Dec 28, 2023 | 0.055 CAD |
| Nov 22, 2023 | 0.040 CAD |