This file is indexed.

/etc/init/hwclock-save.conf is in util-linux 2.27.1-6ubuntu3.

This file is owned by root:root, with mode 0o644.

The actual contents of the file can be viewed below.

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# hwclock-save - save system clock to hardware clock
#
# This task saves the time from the system clock back to the hardware
# clock on shutdown.

description	"save system clock to hardware clock"

start on runlevel [06]

task

script
    # BADYEAR can be in either file
    . /etc/default/rcS
    [ ! -r /etc/default/hwclock ] || . /etc/default/hwclock
    grep -qw LOCAL /etc/adjtime 2>/dev/null && tz="--localtime" || tz="--utc"
    [ "$BADYEAR" = "yes" ] && badyear="--badyear"
    exec hwclock --rtc=/dev/rtc0 --systohc $tz --noadjfile $badyear
end script