Business Description
This fund puts the vast majority of its money into investments tied to the S&P 500 Index, which tracks 500 of the largest publicly traded companies in the United States. Unlike most funds that simply follow an index automatically, this one is actively managed, meaning a team of professionals makes ongoing decisions about how it is run. It is also structured as an exchange-traded fund, so shares can be bought and sold on a stock exchange throughout the trading day.
