Description

The fund gains exposure to CAD-denominated, investment grade bonds by using a sampling methodology that aims to closely match the investment characteristics of a broad Canadian fixed income index. Such bonds are issued by government and corporate entities and must have a term to maturity not shorter than 12 months. Securities in the underlying index are selected and weighted by market value. Bonds issued by foreign issuers, as well as supranationals (SNATs) will be included if they are available for purchase in the Canadian market. The index is rebalanced monthly.