Description

This fund typically commits more than 80% of its investable assets to the securities comprising the S&P 500 Index, aiming to mirror their respective weightings. The fund's management endeavors to duplicate the precise equity composition of the S&P 500, implementing a strategy known as passive management or indexing. The S&P 500 Index, for reference, is a non-actively managed benchmark composed of over 500 shares from significant U.S. public corporations.