Fund Description

The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Staples 25/50, which is made up of stocks of large-, mid-, and small-cap U.S. companies in the consumer staples sector as classified under the Global Industry Classification Standard (GICS). The sector includes manufacturers and distributors of food, beverages, and tobacco; producers of nondurable household goods and personal products; and food and drug retailers, hypermarkets, and consumer supercenters. The fund seeks to replicate the index by investing all, or substantially all, of its assets in index stocks, holding each in approximately the same proportion as its index weighting.