RBC Global Asset Management Inc. announces RBC Target 2026 Canadian Corporate Bond Index ETF Fund maturity date, changes to certain RBC Vision Funds and risk rating changes

About this update from Royal Bank Of Canada

TORONTO, June 30, 2026 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced details regarding the maturity of RBC Target 2026 Canadian Corporate Bond Index ETF Fund, changes to certain RBC Vision Funds and a risk rating change for RBC Vision QUBE Fossil Fuel Free Low Volatility Canadian Equity Fund. In addition, certain RBC Funds are now eligible to be held in registered plans. Maturity date of RBC Target 2026 Canadian Corporate Bond Index ETF FundOn or about September 14, 2026, RBC Target 2026 Canadian Corporate Bond Index ETF Fund (the "Matured Fund") will have reached its maturity date, and RBC GAM Inc. will terminate the Matured Fund accordingly. Effective immediately, the Matured Fund is closed to purchases. Unitholders may redeem or switch their holdings in the Matured Fund until market close on September 11, 2026. Any remaining units of the Matured Fund will be redeemed on the maturity date and the proceeds distributed to unitholders. Unitholders will be sent a written notice regarding the termination of RBC Target 2026 Canadian Corporate Bond Index ETF Fund in July. Changes to certain RBC Vision FundsEffective July 2, 2026, RBC Vision Bond Fund, RBC Vision Balanced Fund, RBC Vision Canadian Equity Fund and RBC Vision Global Equity Fund will no longer apply exclusions based on the Relative Scoring exclusion criteria category. RBC GAM Inc. reviews the exclusion criteria of all RBC Vision Funds from time-to-time and determined this change to be in the best interest of these RBC Vision Funds. This change does not represent a material change to the investment universe of these RBC Vision Funds, and they will continue to apply an environment, social, and governance ("ESG") exclusionary screening strategy based on specific ESG exclusion criteria, including the Product Involvement and ESG Controversies categories, as applicable and as described in the prospectus. Where the RBC Vision Balanced Fund invests in underlying funds, the ESG exclusion criteria apply at the underlying fund level. Risk rating changeThe risk rating for RBC Vision QUBE Fossil Fuel Free Low Volatility Canadian Equity Fund has changed. This change will be reflected in the applicable Fund Facts as part of the renewal of the simplified prospectus for RBC Funds, which is expected to be filed on or around June 30, 2026. The change is based on the methodology manda...

View stock analysis, news, and events for Royal Bank Of Canada