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The investment objective of the fund is to track both the upward and downward evolution of the S&P 500 Net Total Return Index (net dividends reinvested) (the Benchmark Index), denominated in US Dollars, while minimizing the volatility of the difference between the return of the fund and the return of the Benchmark Index (the Tracking Error). The S&P 500 Net Total Return is a free-float capitalisation-weighted index, of the prices of 500 large-cap common stocks actively traded in the United States.
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