Description

The funds underlying index is designed to measure the performance of high-dividend Canadian companies or REITs with significant anticipated yield. Selection of index constituents is determined on minimum size and dividend-paying requirements, and based upon three equally represented sectors: financials, energy and a diversified sector. Eligible securities are ranked based on their anticipated cash dividend yield to select the top 40 index constituents. Then, in order to determine the weight of each security within each sector, securities are market-cap-weighted.