The fund is passively managed to invest in all Japan-listed stocks included in the FTSE RAFI Developed ex US 1000 Index. The parent index includes fundamentally selected large- and midcap stocks, capturing approximately 90% of the Japanese equity market. To weight securities, the index also uses a fundamentally driven methodology that equally factors each companys total cash dividends, free cash flow, total sales and book equity value. In addition, CJP uses currency hedging to mitigate the impact of fluctuations in JPY, as measured in CAD. The index is rebalanced annually.