RBC Target 2025 Canadian Corporate Bond Index ETF (TSX: RQN)
Canada
· Delayed Price · Currency is CAD | Assets | 720.81M |
| Expense Ratio | 0.25% |
| PE Ratio | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| 1-Year Return | +2.23% |
| Volume | 30,881 |
| Open | 20.15 |
| Previous Close | 20.16 |
| Day's Range | 20.15 - 20.17 |
| 52-Week Low | 19.50 |
| 52-Week High | 20.17 |
| Beta | 0.90 |
| Holdings | 10 |
| Inception Date | Sep 12, 2018 |
About RQN
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.
Performance
RQN had a total return of 2.23% in the past year. Since the fund's inception, the average annual return has been 0.19%, including dividends.