Industry description
The investment seeks investment results that track the total return of the common stocks that comprise the Standard & Poor's ("S&P") 500® Index (the "benchmark index").
The fund invests at least 80% of its net assets in common stocks included in its benchmark index. The adviser uses the replication method of indexing, meaning the fund seeks to own the securities contained in the benchmark index in as close as possible a proportion of the fund as each stock’s weight in the benchmark index. The index is designed to measure the performance of 500 of the top companies in leading industries of the U.S. economy.