Fund Goal and Approach
The fund seeks to match the total return of the Standard & Poor's 500 Composite Stock Price Index (Index). To pursue its goal, the fund normally invests at least 95% of its assets in common stocks included in the Index.
The fund attempts to have a correlation between its performance and that of the S&P 500 Index of at least .95, before expenses. A correlation of 1.00 would mean that the fund and the S&P 500 Index were perfectly correlated.
Equity Risk: Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
Indexing Strategy Risk: The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.