Industry description
The investment seeks to provide investment results that correspond to the price and yield performance of publicly traded common stocks, as represented by the Standard & Poor's 500® Index ("S&P 500 Index").
The index includes equity securities of approximately 500 large U.S. companies in a wide range of businesses. Under normal circumstances, the fund invests at least 80% of its net assets in securities of companies included in the S&P 500® Index. It is non-diversified.