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The objective of the fund is to track the performance of large sized U.S. industrial companies in the S&P 500 Index. The fund seeks to track the performance of the S&P Industrials Select Sector Daily Capped 35/20 Index (the Index) as closely as possible. The fund invests primarily in securities included in the Index. These securities include equity securities issued by large sized U.S. industrial companies, which are included in the S&P 500 Index and have been classified as falling within the Industrials sector in line with the Global Industry Classification Standard (GICS). The fund will use a replication strategy to create a near mirror-image of the Index. Income is reinvested into the fund.
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