Description

This fund endeavors to mirror the performance of the Nasdaq-100 Index. It achieves this by holding units of either the Invesco QQQ TrustSM, Series 1 (QQQ) or the Invesco NASDAQ 100 ETF (QQQM), or by directly investing in equities of U.S. corporations. The Nasdaq-100 Index is composed of the top 100 non-financial firms, ranked by market capitalization, that are traded on The Nasdaq Stock Market LLC. For its Canadian dollar-hedged units, the ETF also aims to neutralize foreign currency exposure, aligning the portfolio's currency position with the Canadian dollar to the degree that the index provider applies hedging to its own corresponding hedged index.