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The fund focuses on investing in foreign mutual fund units that have investment objectives and policies that focus on investing in stocks that are components of the S&P 500 Index in order to generate returns that are close to the return of the S&P 500 Index. The fund will use passive investment strategy which will focus on the investment units of the iShares Core S&P 500 ETF (master fund) with an average ratio of not less than 80% of the asset value in the fiscal year. Net of funds Which is an ETF fund Traded on the NewYork Stock Exchange (NYSE Arca) and invested in US dollars.
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