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 portfolio team makes deliberate decisions about how and where to invest. It is structured as an exchange-traded fund, so shares can be bought and sold on a stock exchange throughout the trading day, and it tends to concentrate its holdings rather than spreading them across a wide range of assets.
