RBC Global Asset Management Inc. (RBC GAM) said Monday that RBC Target 2015 Corporate Bond Index ETF (TSX: RQC) will mature on Friday, Nov. 20.

Launched in 2011, the RBC suite of Target Maturity Corporate Bond ETFs consists of seven target maturity ETFs with maturities ranging from 2015 to 2021.

Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date that is established when the ETF is launched. When the ETF reaches the maturity date, the ETF’s final net asset value (NAV) is returned to the current unitholders.