RBC Global Asset Management Inc. announces a risk rating change to RBC Target 2029 U.S. Corporate Bond ETF and RBC ETF cash distributions for March 2025

Canada NewsWire

TORONTO, March 17, 2025

TORONTO, March 17, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced a risk rating change to RBC Target 2029 U.S. Corporate Bond ETF as well as March 2025 cash distributions for unitholders of RBC ETFs.

Risk rating change

The risk rating for RBC Target 2029 U.S. Corporate Bond ETF has decreased from "Low to Medium" to "Low" effective today. The change will be reflected in the ETF Facts for RBC Target 2029 U.S. Corporate Bond ETF as part of the renewal of the prospectus for the RBC ETFs, which is expected to be filed on or about March 19, 2025.

This change is based on the methodology mandated by the Canadian Securities Administrators to determine the risk level of exchange-traded funds. RBC GAM Inc. reviews the risk rating for each RBC ETF on an annual basis, as well as when an RBC ETF undergoes a material change. This change is the result of an annual review and not the result of any changes to the investment objectives, strategies or management of RBC Target 2029 U.S. Corporate Bond ETF.

 
Ticker         ETF Name                         Current Risk   New Risk Rating 
                                                 Rating 
RUQR / RUQR.U  RBC Target 2029 U.S. Corporate   Low to Medium  Low 
               Bond ETF 
 

March 2025 ETF cash distributions

March 2025 cash distributions for unitholders of RBC ETFs are as follows:

 
FUND NAME                                              FUND      CASH 
                                                        TICKER    DISTRIBUTION 
                                                                  PER UNIT 
RBC 1-5 Year Laddered Canadian Bond ETF                RLB              $0.048 
RBC 1-5 Year Laddered Canadian Corporate Bond ETF      RBO              $0.053 
RBC Target 2025 Canadian Government Bond ETF           RGQN             $0.040 
RBC Target 2026 Canadian Government Bond ETF           RGQO             $0.035 
RBC Target 2027 Canadian Government Bond ETF           RGQP             $0.038 
RBC Target 2028 Canadian Government Bond ETF           RGQQ             $0.045 
RBC Target 2029 Canadian Government Bond ETF           RGQR             $0.050 
RBC Target 2030 Canadian Government Bond ETF           RGQS             $0.025 
RBC Target 2025 Canadian Corporate Bond Index ETF      RQN              $0.050 
RBC Target 2026 Canadian Corporate Bond Index ETF      RQO              $0.040 
RBC Target 2027 Canadian Corporate Bond Index ETF      RQP              $0.052 
RBC Target 2028 Canadian Corporate Bond Index ETF      RQQ              $0.072 
RBC Target 2029 Canadian Corporate Bond Index ETF      RQR              $0.070 
RBC Target 2030 Canadian Corporate Bond Index ETF      RQS              $0.070 
RBC Target 2025 U.S. Corporate Bond ETF                RUQN             $0.060 
RBC Target 2025 U.S. Corporate Bond ETF (USD Units)*   RUQN.U           $0.042 
RBC Target 2026 U.S. Corporate Bond ETF                RUQO             $0.050 
RBC Target 2026 U.S. Corporate Bond ETF (USD Units)*   RUQO.U           $0.035 
RBC Target 2027 U.S. Corporate Bond ETF                RUQP             $0.050 
RBC Target 2027 U.S. Corporate Bond ETF (USD Units)*   RUQP.U           $0.035 
RBC Target 2028 U.S. Corporate Bond ETF                RUQQ             $0.060 
RBC Target 2028 U.S. Corporate Bond ETF (USD Units)*   RUQQ.U           $0.042 
RBC Target 2029 U.S. Corporate Bond ETF                RUQR             $0.065 
RBC Target 2029 U.S. Corporate Bond ETF (USD Units)*   RUQR.U           $0.045 
RBC Target 2030 U.S. Corporate Bond ETF                RUQS             $0.045 
RBC Target 2030 U.S. Corporate Bond ETF (USD Units)*   RUQS.U           $0.031 
RBC Canadian Discount Bond ETF                         RCDB             $0.030 
RBC PH&N Short Term Canadian Bond ETF                  RPSB             $0.055 
RBC U.S. Discount Bond ETF                             RUDB             $0.025 
RBC U.S. Discount Bond ETF (USD Units)*                RUDB.U           $0.017 
RBC U.S. Discount Bond (CAD Hedged) ETF                RDBH             $0.023 
RBC Short Term U.S. Corporate Bond ETF                 RUSB             $0.070 
RBC Short Term U.S. Corporate Bond ETF (USD Units)*    RUSB.U           $0.049 
RBC Canadian Preferred Share ETF                       RPF              $0.095 
RBC Quant Canadian Dividend Leaders ETF                RCD              $0.081 
RBC Canadian Dividend Covered Call ETF                 RCDC             $0.125 
RBC Canadian Bank Yield Index ETF                      RBNK             $0.105 
RBC Quant U.S. Dividend Leaders ETF                    RUD              $0.026 
RBC Quant U.S. Dividend Leaders ETF (USD Units)*       RUD.U            $0.018 
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF       RUDH             $0.028 
RBC U.S. Dividend Covered Call ETF                     RUDC             $0.115 
RBC U.S. Dividend Covered Call ETF (USD Units)*        RUDC.U           $0.080 
RBC U.S. Banks Yield Index ETF                         RUBY             $0.063 
RBC U.S. Banks Yield Index ETF (USD Units)*            RUBY.U           $0.044 
RBC U.S. Banks Yield (CAD Hedged) Index ETF            RUBH             $0.050 
RBC Quant European Dividend Leaders ETF                RPD              $0.072 
RBC Quant European Dividend Leaders ETF (USD Units)*   RPD.U            $0.050 
RBC Quant European Dividend Leaders (CAD Hedged) ETF   RPDH             $0.073 
RBC Quant EAFE Dividend Leaders ETF                    RID              $0.070 
RBC Quant EAFE Dividend Leaders ETF (USD Units)*       RID.U            $0.049 
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF       RIDH             $0.088 
RBC Quant Emerging Markets Dividend Leaders ETF        RXD              $0.050 
RBC Quant Emerging Markets Dividend Leaders ETF (USD 
 Units)*                                               RXD.U            $0.035 
 

* Cash distribution per unit ($) amounts are USD for RUQN.U, RUQO.U, RUQP.U, RUQQ.U, RUQR.U, RUQS.U, RUDB.U, RUSB.U, RUD.U, RUDC.U, RUBY.U, RPD.U, RID.U, and RXD.U

Unitholders of record on March 24, 2025, will receive distributions payable on March 31, 2025.

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfsolutions.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds ("ETFs"). Please read the applicable ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF 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., which is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

RBC Target 2025 Canadian Government Bond ETF, RBC Target 2026 Canadian Government Bond ETF, RBC Target 2027 Canadian Government Bond ETF, RBC Target 2028 Canadian Government Bond ETF, RBC Target 2029 Canadian Government Bond ETF and RBC Target 2030 Canadian Government Bond ETF (collectively, the "Canadian TMGB ETFs"), RBC Target 2025 Canadian Corporate Bond Index ETF, RBC Target 2026 Canadian Corporate Bond Index ETF, RBC Target 2027 Canadian Corporate Bond Index ETF, RBC Target 2028 Canadian Corporate Bond Index ETF, RBC Target 2029 Canadian Corporate Bond Index ETF and RBC Target 2030 Canadian Corporate Bond Index ETF (collectively, the "Canadian TMCB ETFs"), and RBC Target 2025 U.S. Corporate Bond ETF, RBC Target 2026 U.S. Corporate Bond ETF, RBC Target 2027 U.S. Corporate Bond ETF, RBC Target 2028 U.S. Corporate Bond ETF, RBC Target 2029 U.S. Corporate Bond ETF, and RBC Target 2030 U.S. Corporate Bond ETF (collectively, the "U.S. TMCB ETFs"), do not seek to deliver a predetermined amount at maturity, and the amount an investor receives may be more or less than their original investment.

The Canadian TMCB ETFs have been developed solely by RBC GAM Inc., and are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). All rights in the FTSE Canada 2025 Maturity Corporate Bond Index, FTSE Canada 2026 Maturity Corporate Bond Index, FTSE Canada 2027 Maturity Corporate Bond Index, FTSE Canada 2028 Maturity Corporate Bond Index, FTSE Canada 2029 Maturity Corporate Bond Index and FTSE Canada 2030 Maturity Corporate Bond Index (collectively, the "FTSE Maturity Corporate Bond Indices") vest in the relevant LSE Group company which owns the FTSE Maturity Corporate Bond Indices. "FTSE$(R)$" is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license.

The FTSE Maturity Corporate Bond Indices are calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Maturity Corporate Bond Indices or (b) investment in or operation of the Canadian TMCB ETFs. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Canadian TMCB ETFs or the suitability of the FTSE Maturity Corporate Bond Indices for the purpose to which they are being put by RBC GAM Inc.

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