The fund provides concentrated exposure to the largest North American companies in the travel industry. The fund specifically holds firms engaged in airlines, hospitality, online booking services, casinos and cruises. Companies that are classified under these sub-industries are screened for size and liquidity. In addition, each firms business descriptions are reviewed for the occurrence of industry-related keywords such as airlines, travel, and booking. The top 30 companies according to market-cap are included in the index. Selected securities are weighted by market-cap and rebalanced semi-annually with each individual security capped at 10%.