The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the Morningstar Dividend Yield Focus Index – CAD-Hedged (the “Index”), net of expenses. Under normal market conditions, the fund will primarily invest in U.S. equity securities. The Index tracks high-yielding, dividend-paying, U.S.-based securities and is a focused benchmark comprising “qualified income” paying securities screened for superior company quality and financial health, hedged to Canadian dollars.