Description

This ETF endeavors to closely match the returns of the S&P 500 Index, after currency hedging to Canadian dollars, before accounting for any associated fees and expenditures. It primarily allocates capital to the U.S.-based Vanguard S&P 500 ETF. To mitigate foreign exchange risk, any exposure to the U.S. dollar is systematically hedged back into Canadian currency. The fund employs a passively managed, full-replication index strategy to offer investors access to large-capitalization U.S. companies, all while utilizing highly efficient and economical index management practices.