The fund is a passively managed fund that tracks an index of Canadian fixed income securities. This index primarily invests in investment grade securities across varying maturities issued by both government and corporate issuers. Some factors that are taken into consideration when selecting individual constituents are: individual securitys features, price compared to estimated long term value, credit quality of the issuer, and any short-term trading opportunities resulting in market inefficiencies. FCCB may use a sampling method to track the index. Rebalancing is done monthly.