Industry description
The investment seeks to track the performance of the CRSP U.S. Large Cap Index that measures the investment return of large-capitalization stocks.
The fund manager employs an indexing investment approach designed to track the performance of the target index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. investable market capitalization, as determined by the index provider. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target index.