EIRL tracks a RIC-compliant version of the MSCI Ireland IMI, to have broad-based exposure to the Emerald Isle. The index includes Irish companies that meets MSCIs country classification, those headquartered and listed in Ireland, as well as those whose majority of operations are in the country. The funds underlying index diversifies by employing a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. The fund is rebalanced quarterly.