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FNCMX

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FNCMX aims to replicate the Nasdaq Composite Index, utilizing a statistical sampling strategy to match the index's profile by factors like capitalization and ratios (P/E, P/B). It primarily invests in Nasdaq-listed stocks, with plans to include derivatives by 2025 for added exposure. While it typically mirrors the diversified nature of the index, market changes may necessitate non-diversified operation under the 1940 Act. The fund also generates income via securities lending.