Description

The Mirae Asset S&P 500 Top 50 ETF is a passively managed investment vehicle structured to precisely replicate the performance of the S&P 500 TOP 50 Index. Its investment approach involves allocating capital to the index's constituent securities in proportions that accurately mirror their weightings. The S&P 500 Top 50 Index itself comprises the 50 largest corporations selected from the broader S&P 500, thereby reflecting the performance of leading U.S. mega-capitalization companies. Each component within this index is weighted based on its float-adjusted market capitalization. While the index officially debuted in November 2015, its simulated historical data extends back to June 2005 through back-testing.