Description

The fund captures the US large-cap space well much like any ETFs tracking the S&P 500. It provides an outstanding outlook to the 500 largest companies of the US equity market whilst being market-cap weighted. Despite the common perception that the index offers pure market-cap exposure to the US economy, its committee can exercise discretion to exclude specific companies in seeking long-term capital growth. Overall, the fund delivers comprehensive exposure to the U.S stock market inexpensively using low-cost but efficient management techniques. The index is rebalanced quarterly.