The ETF is an actively managed fund that seeks to provide income over a pre-determined time horizon by investing in investment grade Canadian bonds with an effective maturity in 2027. To improve tax efficiency, the fund adviser prioritizes discount bonds in its selection process. The fund may also hold money market instruments or cash. The fund will terminate on or about November 30, 2027. During the maturity period, the fund's investments will transition to cash and cash equivalents, including Canadian Treasury bills. At the 2027 termination date, the fund will primarily hold cash and cash equivalents.