The investment objective of the RBC Target 2024 Corporate Bond Index ETF is to provide income, for a limited period of time ending on the RBC Target 2024 Corporate Bond Index ETF’s Termination Date, by replicating, to the extent possible, the investment results that correspond generally to the performance, before the RBC Target 2024 Corporate Bond Index ETF’s fees and expenses, of the FTSE Canada 2024 Maturity Corporate Bond Index (as set out under “FTSE Maturity Corporate Bond Indices” below). The RBC Target 2024 Corporate Bond Index ETF intends to invest at least 90% of its total assets in and hold the Index Securities of the FTSE Canada 2024 Maturity Corporate Bond Index and/or securities that have economic characteristics that are substantially similar to those of the Index Securities of the FTSE Canada 2024 Maturity Corporate Bond Index. The RBC Target 2024 Corporate Bond Index ETF will terminate on its Termination Date.