Description: The investment objective of the fund is to generate income that is consistent with prevailing short-term corporate bond yields while stabilizing the market value of the ETF from the effects of interest rate fluctuations. The fund invests primarily in a portfolio of Canadian debt securities and hedges the portfolio’s interest rate risk to generally maintain a portfolio duration of less than two years. The fund may also invest in debt securities of U.S. companies, directly, or through investments in securities of other investment funds, including exchange traded funds. The fund uses derivatives, including interest rate swaps, to deliver a floating rate of income. It, to the best of its ability, seeks to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times.
Exchange: TO
Country: CA
Currency: Canadian Dollar (C$)
Category: Canadian Short Term Fixed Income
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Bond | 181.79 | 84.19 | 97.60 |
| Other | 1.76 | 0.00 | 1.76 |
| Cash | 2.69 | 2.05 | 0.64 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |