Description

Under typical market circumstances, this fund's primary objective is to commit at least 80% of its total capital—including any funds borrowed for investment—to the specific equities that make up its benchmark index. Its investment approach is passive, meaning it aims to mirror the index's performance rather than actively selecting securities. The Nasdaq-100 Index, which serves as its benchmark, is composed of the one hundred largest non-financial corporations, both domestic and international, whose shares are publicly traded on The Nasdaq Stock Market, with their inclusion based on market capitalization.