The fund is passively managed. The aim is to reflect the performance of the S&P 500 Index (index) which is designed to reflect the performance of shares of 500 companies representing all major US industries, while seeking to minimise foreign currency fluctuations at share class level. The index contains shares of large companies traded on certain eligible US exchanges. A companys weighting in the index depends on its relative size based on the combined value of a companys readily available shares as compared to other companies on the stock markets.