TORONTO, Nov. 20, 2015 /CNW/ - RBC Global Asset Management Inc. today announced the final valuation of the RBC Target 2015 Corporate Bond Index ETF (TSX: RQC).
As announced earlier this year, the RBC Target 2015 Corporate Bond Index ETF will mature following the close of business today. The final net asset value (NAV) per unit is as follows:
| ETF | TICKER | FINAL NAV PER UNIT |
| RBC Target 2015 Corporate Bond Index ETF | RQC | $18.95410 |
The final net asset value (NAV) per unit consists of the following:
| Income per unit | $0.06682 |
| Capital per unit | $18.88728 |
| Final NAV per unit | $18.95410 |
The maturity proceeds will be paid out of the ETF today to the holders of the remaining outstanding units.
The suite of RBC Target Maturity Corporate Bond ETFs include six corporate bond ETFs with maturities spanning from 2016 to 2021. These ETFs provide targeted maturity exposure, enabling investors to build customized fixed income portfolios tailored to specific investment needs.
Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date established when the ETF is launched. When the ETF reaches the maturity date, the ETF's final net asset value is returned to the current unitholders.
A target maturity ETF's portfolio contains fixed income securities that mature throughout its stated maturity year. This structure results in a duration profile similar to that of an individual bond, where the ETF's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes. These ETFs do not seek to return any predetermined amount at maturity.
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs, or call 1-855-RBC-ETFS (722-3837). Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with investments in exchange-traded funds. Funds are not guaranteed, their values change frequently and past performance may not be repeated. Fund units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $380 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.
RBC GAM is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC GAM business. RBC Wealth Management has more than C$778 billion of assets under administration, more than C$503 billion of assets under management and approximately 4,050 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2015. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
SOURCE RBC
Matt Gierasimczuk, RBC GAM Corporate Communications, 416-974-2124
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498
Share this article