The fund primarily invests in mid and small-cap Canadian equities. The selection process begins with companies deemed to be Canada-based and trading on Canadian or US exchanges that meet listing requirements. Size is also considered in regards to index inclusion, as determined by the relative position of each company’s total market-cap compared to the rest of the universe. To determine this positioning, companies are sorted by market-cap in descending order – those that rank 76-250 are deemed eligible for inclusion. Securities are then grouped such that other factors like lower relative price and higher profitability are emphasized. The index is reconstituted semi-annually.