RGQP

RBC Target 2027 Canadian Government Bond ETF

Investment objectives

Provide income, for a limited period of time ending on the RBC Target 2027 Canadian Government Bond ETF’s termination date, by investing primarily in a portfolio of fixed-income securities issued by Canadian governments and agencies that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2027.

Trading information

  • Ticker: RGQP
  • CUSIP: 74936K109
  • Exchange: TSX
  • Currency options: CAD

Reasons to invest

  • Matures like a traditional bond
  • Diversified exposure to investment-grade Canadian Government bonds
  • Attractive monthly income

Portfolio manager(s)

Tom Drake, CFAPortfolio Manager, Global Fixed Income & Currencies

Details

Risk rating
  • Low
  • Low to med
  • Med
  • Med to high
  • High
Management fee %
0.15
MER %
0.17
Assets
115.28
4/24/2025
Units outstanding
5,600,000
4/24/2025
Income distribution
Monthly
Capital gains distribution
Annually
Fund category
(CIFSC)
Canadian Fixed Income
Inception date
May 2023

Notes

  • Fund's name changed effective March 22, 2024.

Prices

As of 4/24/2025
Market
$20.59$0.02 (0.10%)
Market 52 week high$20.74
Market 52 week low$19.58
Volume1300
Premium/discount %0.0211%
NAV
$20.59$0.02 (0.08%)
Market 52 week high$20.69
Market 52 week low$19.58

Chart

Combination chart with 3 data series.
This chart contains price history data for RBC Target 2027 Canadian Government Bond ETF
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
1m3m6m1yAll
End of interactive chart.

Performance

Trailing returns %

As of 3/31/2025
YTD1 mo3 mo6 mo1 yr3 yr5 yr10 yrIncept.
NAV
1.70.41.72.16.7---4.1

Calendar returns %

As of 3/31/2025

Chart

Combination chart with 2 data series.
This chart contains calendar returns data for RBC Target 2027 Canadian Government Bond ETF
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1.651491 to 4.736762.
End of interactive chart.

Growth of $10,000

As of 3/31/2025

Chart

Combination chart with 3 data series.
This chart contains growth of 10k data for RBC Target 2027 Canadian Government Bond ETF
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
YTD6m1yAll
End of interactive chart.

Highest/lowest returns (%)

As of 3/31/2025
1 yr3 yr5 yr
EndedReturnEndedReturnEndedReturn
Highest09-20249.3----
Lowest05-20242.9----
Average-6.3-NaN-NaN
No. of periods-11-0-0
% positive-100.0-NaN-NaN

Portfolio analysis

Characteristics

As of 4/24/2025
Characteristic

fund.characteristic.value

Distribution yield (%) 2.22
Number of securities 20
Par Value per Unit 20.58
Weighted average yield to maturity* 2.66
Weighted average coupon (%)* 2.33
Modified duration 2.10
Weighted average credit rating AA+

*This figure is gross of management fees and other fund expenses.

Fixed income characteristics

As of 3/31/2025
AAA61.40%
AA35.38%
A3.22%

Holdings

As of 4/24/2025
HoldingsAssets
CANADA HOUSING TRUST NO 1 2.350% JUN 15, 202713.3%
CANADIAN GOVERNMENT BOND 1.250% MAR 01, 202712.4%
CANADA HOUSING TRUST NO 1 3.600% DEC 15, 202710.8%
CANADIAN GOVERNMENT BOND 2.750% SEP 01, 202710.7%
PROVINCE OF ONTARIO 2.600% JUN 02, 202710.6%
PROVINCE OF QUEBEC 2.750% SEP 01, 20279.1%
CANADIAN GOVERNMENT BOND 1.000% JUN 01, 20276.5%
PROVINCE OF ALBERTA 2.550% JUN 01, 20275.2%
PROVINCE OF ONTARIO 1.850% FEB 01, 20274.4%
OMERS FINANCE TRUST 1.550% APR 21, 20272.7%
Total % of top 10 holdings85.6%
Total number of holdings21

Distributions

PeriodEx-DividendRecord datePay dateCash distr.Re-invested distr.†Total distr.††
Jan 20252025-01-242025-01-242025-01-310.036-0.036
Feb 20252025-02-212025-02-212025-02-280.036-0.036
Mar 20252025-03-242025-03-242025-03-310.038-0.038
Apr 20252025-04-232025-04-232025-04-300.038-0.038
YTD0.1480.0000.148

† Distributions by the Fund that are not paid in cash but result in additional units of the Fund. These distributions should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

†† The exact tax treatment of the distributions for a calendar year is calculated after the Fund's tax year-end. As a result, investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

Distributions ($)/unit

As of 3/31/2025
YTD*20242023
Interest-0.410.25
Canadian dividends---
Foreign income---
Foreign taxes paid---
Capital gains---
Return of capital-0.010.02
Total distributions0.150.430.27

* Distributions are characterized into income type at year-end.