The fund delivers excellent marketlike coverage in a large, liquid and low cost wrapper. In seeking long-term capital growth, it tracks the S&P Total Market Index (CAD-Hedged) which covers the broad US equity market, including large-, mid-, small-, and micro-cap stocks, and employs a currency hedging strategy with respect to the US dollar at the same time. The fund provides outstanding exposure to the entirety of the US equity market with no minimum size requirement whilst being market-cap weighted. Overall, it delivers comprehensive exposure to the US stock market inexpensively. The index is rebalanced quarterly and reconstituted annually.