Description

The fund is one of the few ETFs that invest in securities of companies incorporated in Canada, specifically those that are headquartered in the province of Qubec. Constituents must be listed on the Toronto Stock Exchange for at least a year to be eligible for inclusion. The selection process also includes a minimum market capitalization of $ 150 million and a share price of at least $ 1, as well as liquidity metric that focuses on a stocks trading volume and non-trading days. Holdings are weighted by market-cap, with each individual security capped at 5% weight. The index rebalances and reconstitutes semi-annually during April and October. Prior to April 22, 2021, the fund name was CI First Asset Morningstar National Bank Quebec Index ETF.