Toronto-based BMO Asset Management Inc. plans to terminate three exchange-traded funds (ETFs), the company announced on Friday.

BMO 2015 Corporate Bond Target Maturity ETF, BMO 2020 Corporate Bond Target Maturity ETF, and BMO 2025 Corporate Bond Target Maturity ETF will be terminated on Aug. 7.

As of Friday, no further direct subscriptions for units of these ETFs will be accepted.

Upon termination, the funds’ portfolios will be converted to cash, to the extent practicable, according to the asset manager’s announcement, which will then be distributed to unitholders.

BMO will request the Toronto Stock Exchange (TSX) to de-list units of the funds on Aug. 4. Until then, units of the funds will continue to be listed.