Fund Description

The fund's principal investment strategy is to invest at least 80% of its assets in the common stocks of companies that make up a market-cap weighted index composed of the largest 500 companies within a broader U.S. equity index. It aims to track the index's performance by allocating investments among stocks in similar weightings, starting with those contributing most to the index's value. The fund is rebalanced as necessary to align with index changes and manage cash flows. It may exclude any stock deemed illiquid or financially impaired, and will concentrate its investments in specific industries when the index does, though it currently has a focus in the information technology sector.