The fund seeks to track the performance of the FTSE Developed All Cap ex North America Index which focuses on issuers of any cap that are economically-tied to the developed market excluding US and Canada. The fund is market-cap-weighted and holds the constituents securities in the same ratio as they are seen in the index - which is derived from the FTSE Global Equity Index Series, the index universe. Derivatives are also in the mix in seeking to hedge the USD exposure of the securities to the CAD. It is designed for investors seeking long-term capital growth from a diversified portfolio delivering efficient exposure to the potential of firms located in developed markets outside North America. Additionally, the index is reviewed semi-annually in March and September.