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The fund is a passively managed exchange-traded fund (ETF), which aims to achieve the net total return performance of the S&P Select Sector Capped 20% Materials Index (the Index), less fees, expenses and transaction costs. To achieve the objective the fund will use unfunded swaps (Swaps). The Index represents the materials sector of the S&P 500 Index. The constituents are classified according to the Global Industry Classification Standard (GICS) and maintain the same classification as the parent S&P 500. Income is reinvested into the fund.
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