Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced on Wednesday that one of its target maturity ETFs is reaching maturity.

As of Nov. 17, the RBC Target 2017 Corporate Bond Index ETF will hit its target maturity date. Under RBC GAM’s arrangement for ETFs, unitholders will receive the final net asset value as it hits the specified date outlined in the prospectus.

That practice diverges from traditional ETFs, which “have a perpetual life,” the announcement states. Much like an individual bond, these ETFs follow a fixed maturity date and may register a decline as it nears maturity.

There are currently seven ETFs, which are subject to maturity dates ranging from 2017 to 2023, in RBC GAM’s lineup.