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The fund is a passively managed ETF. The objective of the fund is to aim to track the Net Total Return performance of the S&P Select Sector Capped 20% Consumer Discretionary Index (the Index), less fees, expenses and transaction costs. To achieve the objective the fund will use unfunded swaps (Swaps). The Index represents the consumer discretionary 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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