Description

This fund aims to provide investment returns that closely parallel the price appreciation and income generation of publicly traded common stocks, as measured by the Standard & Poor's 500® Index. Utilizing a passive management strategy, the subadviser works to create an asset portfolio specifically designed to approximate the overall performance of this benchmark. To achieve its objective, the fund commits a minimum of 80% of its net assets to the equity securities of companies included in the index. The S&P 500 Index, which is compiled by Standard & Poor's, consists of roughly 500 common stocks, with the vast majority trading on either the New York Stock Exchange or NASDAQ.