Description

This exchange-traded fund endeavors to replicate the returns of the S&P U.S. Dividend Growers Index, adjusted for Canadian dollar currency fluctuations, prior to accounting for expenses. It principally allocates its assets to the U.S.-based Vanguard Dividend Appreciation ETF, with any U.S. dollar exposure strategically converted to Canadian dollars to minimize currency risk. The fund employs a passive, full-replication index methodology to offer wide investment in common shares of companies with a consistent history of increasing their dividend payouts, all managed through efficient and economical indexing practices.