Description

This fund aims to mirror the performance of the S&P MidCap 400® Index. To achieve this, it predominantly invests in the stocks included in the index and in futures contracts directly tied to the index's performance. The fund typically acquires shares in all 400 companies that constitute the S&P MidCap 400® Index, allocating investments in proportion to each company's weighting within the index. The S&P MidCap 400® Index serves as an unmanaged benchmark, comprising 400 common stocks from mid-sized corporations. Notably, the fund is structured as a non-diversified investment.