| XBER Exchange | United States Country |
The fund is designed to offer investors exposure to the internet segment by predominantly investing in securities that are part of the index representing this sector. With a strategy that allocates at least 80% of its total assets to securities within the specified index, the fund aims to closely mirror the performance of the internet segment of the S&P Total Market Index (S&P TMI). This targeted investment approach provides a focused exposure to the internet industry, facilitating potential growth opportunities within this dynamic sector.
The bulk of the fund's investments are directed towards securities that make up the index related to the internet segment of the S&P TMI. This strategic focus ensures that the fund's performance closely aligns with the market movements and trends within the internet industry.
In addition to index-associated securities, the fund may allocate a portion of its investments to equity securities not included in the index. This flexibility allows the fund to pursue opportunities for additional growth and diversification beyond the confines of the index.
The fund has the latitude to invest in cash and cash equivalents. This may include money market instruments like repurchase agreements and money market funds, providing the fund with liquidity and a buffer against market volatility. Notably, the fund may invest in money market funds advised by the Adviser, ensuring that these investments are in line with the fund's overall investment strategy and objectives.