The fund is a feeder fund and as such it invests in the iShares Core
S&P500 UCITS ETF. This underlying fund tracks the S&P500 Index
and aims to replicate the performance of the Index.
The S&P500 Index gives the performance of the top 500 leading US
listed companies and captures approximately 80% coverage of
available market capitalisation. The Index is rebalanced quarterly.
The fund may also hold a small portion in cash instruments and listed
derivatives to effect efficient portfolio management.