The fund aims to track the net total return performance of the S&P 500 ESG Index, less fees. It is a passively managed, index tracking fund.
Fund Exposure
The fund is exposed to securities meeting sustainability criteria while maintaining similar overall industry group weights as the S&P 500. It may invest in securities of issuers that manage their ESG exposures better relative to their peers.
Risks
Investors should be aware that the value of investments and any income from them may fluctuate, partly due to changes in exchange rates. The fund's performance is reliant on counterparties to deliver the benchmark's performance in line with swap agreements, and the fund may be exposed to financial loss in case of insolvency of institutions providing services. Additionally, the fund may be concentrated in a specific region or sector, leading to greater fluctuations in value compared to more diversified funds.