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The fund is a passively managed exchange-traded fund (ETF), which aims to track the Net Total Return performance of the MSCI USA Index (the Index), less fees, expenses and transaction costs. The Index provides a representation of the US market by targeting all companies with a market capitalisation within the top 84% of the US investable equity universe. The fund does this through the use of unfunded swaps. The Index is designed to measure the performance of the large and mid cap segments of the US market. Income is reinvested into the fund.
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