Industry description
The investment seeks to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to securities included in the S&P 500 Index. The fund is an actively managed exchange-traded fund (“ETF”). The fund is non-diversified.