QEFA takes a unique approach to targeting securities from the popular EAFE (Europe, Australia and Far East) theme. The fund tracks an index consisting of three equally-weighted subindexes that each target a separate factor: value, low-volatility, and quality. Since the fund uses a parent EAFE index, it excludes US and Canada altogether, leading to additional weighting toward UK securities. The index is rebalanced semi-annually. Note: QEFA changed its name and the name of its underlying index on July 15, 2016. The change was purely cosmetic with no impact on investment strategy, portfolio holdings, and investor experience.