Description

This fund primarily allocates its investments to the constituent stocks of the S&P 500 Index, meticulously mirroring their respective weightings within the benchmark. Its core objective is to replicate the S&P 500's overall performance – both price movements and total returns – after accounting for the fund's operational expenses. It's worth noting that the fund's trading price on the exchange might diverge from its underlying net asset value (NAV). A significant feature is the inclusion of a currency hedge, designed to mitigate the impact of foreign exchange rate fluctuations for investors holding this USD-denominated asset in a different currency. The fund employs a passive management strategy, foregoing active stock selection.