Description

The fund provides exposure to investment-grade corporate debt securities issued in Canada and are denominated in CAD. Bonds with remaining maturity of at least one year are selected and may consist of a broadly diversified range of corporate bonds, including certain qualifying asset-backed securities. The index uses a rules-based methodology, which changes over time reflecting market developments. Using a sampling approach to indexing, the fund may not hold all the stocks of the underlying index but will hold securities that collectively have the same investment profile. The market-value-weighted index is rebalanced on a daily basis.