Description

The fund tracks an index that invests in two segments: the large cap blockchain segment and the emerging blockchain segment. The large cap segment consists of North American large-cap companies that have direct or indirect exposure to blockchain or distributed ledger technologies, and are included in the GICS Information Technology sector. The emerging blockchain segment consists of North American companies that also have exposure to blockchain technologies but are significantly smaller in size, with a minimum CAD$50 million market capitalization. The index uses a multi-factor model that produces a portfolio of 10 equally weighted companies from the large cap segment, and up to 50 market-cap weighted companies from the emerging blockchain segment. As the emerging blockchain market grows, the index will slowly increase the emerging segment weighting until such time that the entire index is comprised of issuers from the emerging blockchain segment. The index is rebalanced quarterly.