Description

This fund typically allocates more than 80% of its investable capital to the constituents of the S&P 500 Index, aiming to mirror their respective weightings. Its management endeavors to precisely replicate the S&P 500's portfolio makeup through a "passively managed" — or index-tracking — investment strategy. For context, the S&P 500 is an unmanaged benchmark comprising over 500 stocks of prominent U.S. public corporations.