RBC Target 2027 Canadian Corporate Bond Index ETF
RQP.TO
Toronto Stock Exchange- -
CAD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 155 Wellington Street West, 22nd Floor Toronto ON Canada M5V 3K7
- IPO Date
- Sep 18, 2020
- Website
- rbcgam.com
- Similar Companies
- Business
- RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is an exchange-traded fund that seeks to provide income for a limited period ending on its termination date by replicating, to the extent possible, the performance of the FTSE Canada 2027 Maturity Corporate Bond Index before fees and expenses. The ETF invests primarily in Canadian dollar-denominated investment grade corporate bonds rated BBB or above by S&P or Baa3 or above by Moody's, with effective maturities in 2027; it employs a full replication technique to track the index, which represents a held-to-maturity portfolio of such bonds; top holdings as of July 2025 include Royal Bank of Canada 3.626% Dec 2028 (7.3%), Bank of Nova Scotia 3.807% Nov 2028 (5.8%), and Bank of Montreal 4.309% Jun 2027 (4.7%), comprising 42.3% of assets. Launched in September 2020 and listed on the Toronto Stock Exchange, the ETF is managed by RBC Global Asset Management Inc., a division of Royal Bank of Canada headquartered in Toronto, Canada, and operates within the Canadian corporate fixed income segment targeting investors seeking predictable income and low duration risk (1.8 years), with monthly distributions and an anticipated termination on or about September 30, 2027. The fund changed its name effective March 22, 2024, to RBC Target 2027 Canadian Corporate Bond Index ETF; it maintains net assets of approximately $757 million CAD as of July 2025, with a management expense ratio of 0.22% and monthly cash distributions announced regularly, such as $0.050 per unit in August 2024.