Description

The fund provides exposure to a wide spectrum of Canadian investment grade bonds with short-term maturities through a passively-managed, index-sampling strategy. This means that the sub-advisor matches the funds investments to the primary risk factors and other key characteristics of the underlying index. Bonds held in the portfolio include government, government-related and corporate securities, and have term to maturity between one and five years. Holdings are selected and weighted by market value. In all, the fund aims to provide current income with its high credit quality exposure to short-term bonds.