The fund fund is passively managed and aims to track an index of Canadian-listed companies. The index invests in large- and mid-cap companies that meet liquidity and market cap requirements. All component securities of the index are selected and weighted by the index committee based on their free float market capitalization. The fund is broad, given it does limit itself to a specific sector, and invests in those that dominate the market based on size. Rebalancing and reconstitution are done on a quarterly basis starting in February, off-cycle compared to other indices.