TORONTO, April 2, 2025 /CNW/ – RBC iShares today expanded its lineup of fixed income exchange traded funds with the launch of RBC Canadian Ultra Short Term Bond ETF (TSX: RUST), and the expansion of the RBC Target Maturity Bond ETF suite with the launch of RBC Target 2031 Canadian Government Bond ETF (TSX: RGQT), RBC Target 2031 Canadian Corporate Bond ETF (TSX: RQT) and RBC Target 2031 U.S. Corporate Bond ETF (TSX: RUQT) (TSX: RUQT.U). All four new RBC ETFs are managed by RBC Global Asset Management Inc. (“RBC GAM Inc.”) and are expected to begin trading on the Toronto Stock Exchange today.
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Launch of RBC Canadian Ultra Short Term Bond ETF RBC Canadian Ultra Short Term Bond ETF was launched with the goal of meeting the needs of Canadian investors and advisors who are looking for an additional duration option between money market funds and short-term bond offerings. RBC Canadian Ultra Short Term Bond ETF seeks to provide investors with regular income while preserving capital via downside protection in volatile markets by investing primarily in a diversified portfolio of Canadian investment-grade short-term corporate bonds with a targeted term to maturity of under one year.
RBC Canadian Ultra Short Term Bond ETF is actively managed by RBC GAM Inc. and leverages the global investment expertise of its fixed income team.
Fund
Ticker Symbol
Management Fee
RBC Canadian Ultra Short Term Bond ETF
RUST
0.20 %
Launch of new RBC Target Maturity Bond ETFs RBC iShares has also expanded its fixed income line up with the launch of three new RBC Target Maturity Bond ETFs, each maturing in 2031. Target maturity bond ETFs may help Canadian investors and advisors address common challenges when managing their fixed income portfolios by providing simple and transparent access to a wide range of diversified bond portfolios and the ability to manage duration more precisely. Since RBC GAM Inc. created the RBC Target Maturity Bond ETF category in 2011, the RBC Target Maturity Bond ETF suite has grown to approximately $4 billion in assets and encompasses maturities ranging from 2025 to 2031, making it the largest suite of target maturity bond ETFs in Canada1.
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1 Source: Bloomberg, as of March 31, 2025
Fund
Ticker Symbol
Management Fee
RBC Target 2031 Canadian Government Bond ETF
RGQT
0.15 %
RBC Target 2031 Canadian Corporate Bond ETF
RQT
0.20 %
RBC Target 2031 U.S. Corporate Bond ETF
RUQT/RUQT.U
0.20 %
“Fixed income is a key component of portfolio construction, and Canadian investors and advisors are looking for solutions which help navigate an increasingly complex market,” said Stephen Hoffman, Managing Director of Exchange Trade Funds, RBC Global Asset Management Inc. “RBC iShares is dedicated to bringing solutions to the market to help address this client need. The expansion of the suite of RBC Target Maturity Bond ETFs and the launch of RBC Canadian Ultra Short Term Bond ETF are two examples of us fulfilling this promise, as we are leveraging the investment expertise of RBC Global Asset Management’s global fixed income team to provide more solutions to help Canadian investors and advisors manage their investment portfolios.”
RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.
RBC iShares ETFs are comprised of RBC ETFs and ETF Series of RBC Funds managed by RBC Global Asset Management Inc. (“RBC GAM Inc.”) and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (“ETFs”). Please read the applicable prospectus or 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. RBC ETFs are managed by RBC GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.
About RBC Global Asset Management RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $710 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.
About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA
About iShares ETFs iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and US$4.2 trillion in assets under management as of December 31, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
For more information, please contact: Brandon Dorey, RBC GAM Corporate Communications, 647-262-6307
