Description

This fund's primary objective is to mirror the performance of the MSCI EAFE Index. To achieve this, it typically commits its assets to the stocks that make up this index, and may also use futures whose returns are tied to nations within the index. The fund usually acquires all components of the benchmark. Its holdings are carefully chosen to match the index's structure, specifically its allocation by individual company, geographic region, and industry sector, along with other key attributes. A core principle is to replicate the index's weighting for each security as closely as possible.