Description

The fund generally invests in stocks contained in the S&P 500 Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the S&P 500 Index net of fees. The stock exchange price may differ from the net asset value.The purpose of the Currency Hedge is to limit the profit or loss generated from foreign exchange exposure when holding an US Dollar denominated asset in a currency other than US Dollars.The fund is passively managed.