Institutional Funds

Investment Strategy

The Fund aims to provide exposure to the Canadian equity market by closely matching key attributes of the S&P/TSX Capped Composite Total Return Index. The Fund employs full replication techniques to seek to replicate the characteristics and returns of the benchmark. The index includes all constituents of the S&P/TSX Composite Total Return Index, but caps the maximum weight of each security at 10%. This composition offers investors comprehensive exposure to the Canadian equity market, while addressing single-stock concentration concerns. The Fund is managed based on the belief that indexing helps reduce portfolio risk by investing in a comprehensive range of securities, while lowering costs compared with more active approaches.

Investment Objective

The investment objective of the Fund is to provide performance similar to the performance of the  S&P/TSX Capped Composite Index.

Who Should Invest

This Fund is designed for institutional investors that are interested in a broadly-based indexed Canadian equity exposure, but are concerned with the concentration of the S&P/TSX Composite Total Return Index.

Fund Facts

Asset Class	Canadian Equity
Management Philosophy	Passive
Inception Date	August 15, 2000
Benchmark	S&P/TSX Capped Composite TRI

Details

NAV($) / Yield (%)	1.4989 (As of January 20, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.0516
Capital Distribution	0.0327
Total Distribution	0.0843
AUM (in millions)	632.77 (As of December 31, 2020)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	1.72	8.94	5.69	5.69	13.99	5.82	6.63	9.36	5.77	6.15
Benchmark	1.72	8.97	5.60	5.60	13.91	5.74	6.57	9.33	5.76	6.09

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	22.93	-8.80	9.09	20.99	-8.29
Benchmark	22.88	-8.89	9.10	21.08	-8.32