Description

The fund is passively managed to provide exposure to convertible bonds listed in a Canadian exchange with a minimum of three months to maturity. Once included in the index, a convertible bond can be removed if the bond has been called within the last 30 days, has matured within the last 30 days, or it no longer meets other eligibility criteria. Holdings are weighted by market value, capped at 10% and the weight of any industry sector capped at 50%. The index is rebalanced quarterly.