Description

The fund aims to achieve growth in capital over the long term. It typically allocates at least 80% of its portfolio to common stocks, primarily those found within the S&P 500® Index. This well-known benchmark features 500 common equities, selected based on their substantial market value, high liquidity, and diverse industry representation, and is weighted by market capitalization to accurately reflect the performance of the U.S. equity market. The fund has the flexibility to invest in securities from both U.S.-based and international companies.