Description

The fund is passively managed to invest in short-term investment-grade Canadian government and corporate bonds that exhibit positive environmental, social and governance characteristics. Investments are derived from the parent index, Bloomberg 1-5 Year Canada Aggregate Bond Index. For government bonds, the fund will mimic the weighting from the parent index. Securities involved in tobacco and controversial weapons, producers and retailers of civilian firearms, and entities involved in severe business controversies are excluded. For each industry, key ESG issues are identified that present costs or opportunities. Securities are then rated to each key ESG issue. Using a sector-specific key issue weighting model, entities are rated and ranked by industry peers. The index is rebalanced monthly.