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The fund is a passively-managed ETF. In order to meet its objective, the fund will seek to achieve the net total return performance of the S&P 500 Equal Weight Index (the Index), less fees, expenses and transaction costs. The Index measures the performance of the companies in the S&P 500 index (the Parent Index) when taking a size neutral approach. The Parent Index is designed to reflect the US large-cap equity market, by including 500 leading companies and covering approximately 80% of the available market capitalisation. Income is reinvested into the fund.
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