RBC TARGET 2032 CANADIAN GOVERNMENT BOND ETF (CAD) RGQU.CA

RBC Target 2032 Canadian Government Bond ETF is a target-maturity fixed-income fund designed to provide income over a defined period by investing mainly in government and agency bonds. Its objective is to deliver income until its termination date (on or about September 30, 2032), by holding a portfolio of fixed-income securities issued by Canadian governments and agencies that mature in the calendar year 2032.

Selection of bonds is based on credit quality, yield to maturity, issue size, liquidity, and issuer diversification. The fund is part of RBC Global Asset Management Inc.'s suite of RBC Target Maturity Bond ETFs.

It carries a government bond mandate with a focus on Canadian government and agency debt, acting like a bond portfolio that has a specific maturity date, but offering the liquidity and transparency of an ETF. The structure is an ETF established under a declaration of trust, with a fixed termination date.