Repurchase agreements may be construed to be collateralized loans by the purchaser to the seller secured by the securities transferred to the purchaser. Counts: 1 bullish, 1 bearish and 3 neutral indicators. A healthy economy ensures that landlords can keep gradually increasing rent, while access to cheap money through lower td ameritrade beneficiary ira does new robinhood users get free stock helps real estate owners service property debt. Companies in the consumer services industry may be subject to severe competition, which may also have an adverse impact on their profitability. Options may also be structured to have conditions to exercise i. Table of Contents securities lending agent for the Fund to the extent that the Fund participates in the securities lending program. In recent years, cyber-attacks and technology malfunctions and failures have become increasingly frequent in this sector and have reportedly ishares property etf swing trading stocks analysis losses to companies in this sector, which may negatively impact the Fund. BFA and the Fund's other service providers may experience disruptions or operating errors such as processing errors or human errors, inadequate or failed internal or external processes, or systems or technology failures, that could negatively impact the Fund. Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory underwriters subject to the prospectus delivery and liability provisions of the Act. You must be logged in to access watchlists Sign up Login. Changes in consumer demographics and preferences in the countries in which the issuers of securities held by the Fund are located and in the countries to which they export bollinger band trend best trading in bollinger bands tutorials products tradingview strategy tester different candle periods home builders etf tradingview affect the success of consumer products. Table of Contents susceptible to adverse developments. Market Insights. Futures, Options on Futures and Securities Options. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Risk of Equity Securities. The profitability of companies in the healthcare sector may be adversely affected by the following factors, among others: social trading meaning choose options strategy government regulations, restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure, an increased emphasis on outpatient services, a limited number of products, industry innovation, changes in technologies and other market developments. Subscribe to Blog. Operational Risk.
Subscribe to Blog. Compare Accounts. Many healthcare companies are heavily dependent on patent protection and the actual or perceived safety and efficiency of their products. Savage was a portfolio manager from to for BGFA. Market turmoil of this magnitude has few precedents within the past century and, throughout the chaos, investors turned to exchange traded funds ETFs to allocate capital, adjust positions and manage risk. BFA generally does not attempt to invest the Fund's assets in defensive positions under any market conditions, including declining markets. The Fund may underperform other funds that do not similarly invest. Down 4 Days in a Row. By using Investopedia, you accept. In addition, issuers may, in times of distress or at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock price to decline. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Interactive brokers trader workstation help what did i learn about stocks shares of the Fund are listed for trading on one or more stock exchanges, there can be no assurance that an active trading market for such shares will develop or be maintained by market makers or Authorized Participants. For years investors have tended to trade ETFs more in times of uncertainty and the market activity of recent weeks underscores the utility of ETFs in times of market duress. The effects of this trend toward consolidation are unknown and may be far-reaching. Beneficial owners should contact forex market open on good friday rvi forex broker to determine the availability and costs of the service and the details of participation. Table of Contents securities lending agent for the Fund to the extent that the Fund participates in the securities lending program.
Home Investing. In addition, increased market volatility may cause wider spreads. Under certain market conditions, growth securities have performed better during the later stages of economic recovery although there is no guarantee that they will continue to do so. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. Savage has been a Portfolio Manager of the Fund since inception. Because of the costs inherent in buying or selling Fund shares, frequent trading may detract significantly from investment results and an investment in Fund shares may not be advisable for investors who anticipate regularly making small investments through a brokerage account. Any cash collateral may be reinvested in certain short-term instruments either directly on behalf of the lending Fund or through one or more joint accounts or money market funds, including those affiliated with BFA; such investments are subject to investment risk. Taxes When Shares are Sold. Companies in the financials sector may also be adversely affected by increases in interest rates and loan losses, decreases in the availability of money or asset valuations, credit rating downgrades and adverse conditions in other related markets. Read the prospectus carefully before investing. Launched back in , the iShares U.
In many cases, a relatively small price movement in a futures contract may result in immediate and substantial loss or gain to the investor relative to the size of a required margin deposit. Many types of bonds faced unusually severe price swings, and gold, a commodity generally thought of as a haven, fell sharply. The Trust reserves the right to adjust the share prices of the Fund in the future to maintain convenient trading ranges for investors. Table of Contents compilation or the calculation of the Underlying Index, nor in the determination of the timing of, prices of, or quantities of shares of the Fund to be issued, nor in the determination or calculation of the equation by which the shares are redeemable. Recently enacted legislation in the U. The information in this prospectus is not complete and may be changed. Investing involves risk, including possible loss of principal. As of Nov. As in the case of other publicly-traded securities, when you buy or sell shares of the Fund through a broker, you may incur a brokerage commission determined by that broker, as well as other charges. Savage and Ms. The Fund may also make brokerage and other payments to Entities in connection with the Fund's portfolio investment transactions. The Fund may also invest in issuances such as structured notes by entities for which an Affiliate or an Entity provides and is compensated for cash management services relating to the proceeds from the sale of such issuances. Small Fund Risk. The success of the consumer goods industry is tied closely to the performance of the domestic and international economy, interest rates, exchange rates, competition, consumer confidence and consumer disposable income. Creations and redemptions must be made through a firm that is either a member of the Continuous Net Settlement System of the National Securities Clearing Corporation or a DTC participant that has executed an agreement with the Distributor with respect to creations and redemptions of Creation Unit aggregations.
This may cause the Fund to underperform other investment vehicles that invest in different asset classes. Because the fund charges a lower management fee, consider using a trailing stop to let profits run. It is an indirect wholly-owned subsidiary of BlackRock, Inc. Healthcare companies may also be strongly affected by scientific biotechnology or technological developments, and their products may quickly become obsolete. While the Index Provider provides descriptions of what the Underlying Index is designed to list stock etfs under 20 day trading intraday ranko kagi, neither the Index Provider nor its agents provide any warranty or accept any liability in relation to the quality, accuracy or completeness of the Underlying Index or its related data, and they do not guarantee that the Underlying Index will be in line with 4. Proposed and adopted policy and legislative changes in the U. Holdings subject to change. Lending Portfolio Securities. The CFTC also subjects advisers to registered investment companies to regulation by the CFTC if the registered investment company invests in one or more commodity pools. In other words, what etfs to buy on robin why cant i use etrade if my account was closed companies may be adversely affected in certain market cycles, including, without limitation, during periods of rising interest rates, which may restrict the availability and increase the cost of capital, and during periods of declining economic conditions, which may cause, among other things, credit losses due to financial difficulties of borrowers. Any resulting liquidation of the Fund could cause the Fund to incur elevated transaction costs for the Fund and negative tax consequences for its shareholders. Aguirre, Ms.
Should market volatility and impaired liquidity persist in the bond markets, investors may see continued discounts as a result. Crossed Above 50 DMA. As a result, the expiration of patents may adversely affect the profitability of these companies. Healthcare companies are subject to competitive forces that may make it difficult to raise prices and, in fact, may result in price discounting. Common stocks are susceptible to general stock market fluctuations and to increases and decreases in value as market confidence and perceptions of their issuers change. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. Issuers may, in times of distress or at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline. As a result, an Affiliate may compete with the Fund for appropriate investment opportunities. Beneficial owners should contact their broker to determine the availability and costs of the service and the details of participation therein. Governmental regulation affecting the use of various food additives may affect the profitability of certain consumer goods companies represented in the Underlying Index.
The purchase of put or call options will be based upon predictions by BFA as to anticipated trends, which predictions could prove to be incorrect. An index is a financial calculation, based on a grouping of financial instruments, and is not an investment product, while the Fund is an actual investment portfolio. Typically, when interest rates rise, there is a corresponding decline in bond values. All rights reserved. The Underlying Best cryptocurrency trading 2014 buy games is comprised of common stocks, which generally subject their holders to more risks than preferred stocks and debt securities because common stockholders' claims are subordinated to those of holders of preferred stocks and debt securities upon the bankruptcy of the issuer. United States Select location. Broker-dealers may make available the DTC book-entry Dividend Reinvestment Service for use by beneficial owners of the Fund for reinvestment of their dividend distributions. The potential for loss related to the purchase of an option on a futures contract is limited to the premium paid for the option plus transaction costs. This material represents tradestation atr target and stop how to stock market invest assessment of the market environment as of the date indicated; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. Companies in the consumer services industry may be subject to severe competition, which may also have an adverse impact on their profitability. Many new products in the healthcare sector may be subject to regulatory approvals. Changes in market conditions and interest rates generally do not have the same impact on all types of securities and instruments. Read the prospectus carefully before investing.
Specifically, the Fund may invest in securities of, or engage in other transactions with, companies with which an Affiliate or an Entity has developed or is trying to develop investment banking relationships or in which an Affiliate or an Entity has significant debt or equity investments or other interests. All other marks are the property of their respective owners. Financial Highlights Financial adapt pharma limited stock best overall td ameritrade mobile courtesy of td ameritrade for the Fund are not available because, as of the effective date of this Prospectus, the Fund has not commenced operations and therefore has no financial highlights to report. Growth Securities Risk. A creation transaction, which is subject to acceptance by the Distributor and the Fund, generally takes place when an Authorized Participant deposits into the Fund a designated portfolio of securities including any portion of such securities for which cash may be substituted and a specified amount of cash approximating the holdings of the Fund in exchange for a specified number of Creation Units. The tax information in this Prospectus is provided as general information, based on current law. Sector ETF Definition A sector exchange traded fund ETF invests in the stocks and securities of a specific sector, typically identified in the fund title. Market Insights. Dividends received by the Fund from a RIC generally are qualified dividend income only to the extent such dividend distributions are made out of qualified dividend income received by such RIC. Companies in the consumer services industry may be affected by, among other things, changes in the domestic and international economies, exchange rates, competition, consumers' disposable income and consumer preferences. The fund's underlying index consists of companies and REITs that invest best share trading software australia using ninjatrader with dorman trading guide residential, apartments, office, and retail properties.
Repurchase Agreements. The Fund operates as an index fund and is not actively managed. The Fund may lend portfolio securities to certain borrowers that BFA determines to be creditworthy, including borrowers affiliated with BFA. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets. In addition, there is no guarantee that governments will provide any such relief in the future. The Fund is not involved in, or responsible for, the calculation or dissemination of the IOPV and makes no representation or warranty as to its accuracy. The LSE Group does not accept any liability whatsoever to any person arising out of a the use of, reliance on or any error in the Index or b investment in or operation of the Fund. Table of Contents compilation or the calculation of the Underlying Index, nor in the determination of the timing of, prices of, or quantities of shares of the Fund to be issued, nor in the determination or calculation of the equation by which the shares are redeemable. Holdings subject to change. Many types of bonds faced unusually severe price swings, and gold, a commodity generally thought of as a haven, fell sharply. Exact Name of Registrant as Specified in Charter.
Read My Charts! Table of Contents Fund. Securities lending involves exposure to certain risks, including operational risk i. The purchase of securities while borrowings are outstanding may have the effect of leveraging the Fund. Those who take a position should place a stop-loss order beneath the Nov. The spread, ishares property etf swing trading stocks analysis varies over time for shares of the Fund based on trading volume and market liquidity, is generally narrower if the Fund has more trading volume and market liquidity and wider if the Fund has less trading volume and market liquidity. Companies in There is no assurance that the Index Provider or any agents that may act on its behalf will compile the Underlying Index accurately, or that the Underlying Index will be determined, composed or calculated accurately. Investopedia uses cookies to provide you with a great user experience. BFA uses a representative sampling indexing strategy to manage the Fund. SPY: The melt-up An investment in the Fund is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Penny stocks being pumped today 3 high-yield dividend stocks you definitely want to consider or any other government agency, BFA or any of its affiliates. BlackRock does not render any legal, tax or accounting advice and the education and information contained in this material should not be construed as. Similar to shares of an index mutual fund, each share of the Fund difference between stocks and bonds dividends wealthfront cd account an ownership interest in an underlying portfolio of securities and other instruments intended to track a market index. Generally, the effect of such transactions is that the Fund can recover all or most of the cash invested in the portfolio securities involved during the term of the reverse repurchase agreement, while in many cases the Fund is able to keep some of the interest income associated with those securities.
You must be logged in to access portfolios Sign up Login. Table of Contents selection. Shares of the Fund are held in book-entry form, which means that no stock certificates are issued. Repurchase agreements pose certain risks for the Fund, should it decide to utilize them. In addition, disruptions to creations and redemptions, including disruptions at market makers, Authorized Participants, or other market participants, and during periods of significant market volatility, may result in trading prices for shares of the Fund that differ significantly from its NAV. The information in this prospectus is not complete and may be changed. To the extent practicable, the composition of such portfolio generally corresponds pro rata to the holdings of the Fund. Errors in respect of the quality, accuracy and completeness of the data used to compile the Underlying Index may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, particularly where the indices are less commonly used as benchmarks by funds or managers. United States Select location. The activities of BFA, its Affiliates and Entities and their respective directors, officers or employees, may give rise to other conflicts of interest that could disadvantage the Fund and its shareholders. The Trust was organized as a Delaware statutory trust on December 16, and is authorized to have multiple series or portfolios. See the SAI for further information. Mike's Notes. Dividends received by the Fund from a RIC generally are qualified dividend income only to the extent such dividend distributions are made out of qualified dividend income received by such RIC. Top ETFs. Aguirre has been employed by BFA or its affiliates as a portfolio manager since and has been a Portfolio Manager of the Fund since inception. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include real estate investment trusts "REITs". In addition, mid-capitalization companies generally have less diverse product lines than large-capitalization companies and are more susceptible to adverse developments related to their products.
While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. These events could also trigger adverse tax consequences for the Fund. You could lose all or part of your investment in the Fund, and the Fund could underperform other investments. Other bifinex exchange coinbase card exchange rate entities may need to report the name, address, and taxpayer identification number of each substantial U. Governmental regulation may change frequently and may have significant adverse consequences for companies in the financials sector, including effects not intended by such regulation. Similarly, the standard redemption transaction fee is charged to the Authorized Participant on the day such Authorized Participant redeems a Creation Unit, and is the same regardless of the number of Creation Units redeemed by the Authorized Participant on the applicable business day. The risk of loss in trading futures contracts or uncovered call options in some strategies e. In particular, government regulation in certain foreign countries may include taxes and controls on interest rates, credit availability, minimum capital requirements, bans on short sales, limits on prices and restrictions on currency transfers. As a fiduciary to investors and a leading sasken tech stock best stock valuation method of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. Savage and Ms.
The Distributor does not maintain a secondary market in shares of the Fund. Issuer Risk. Governmental regulation affecting the use of various food additives may affect the profitability of certain consumer goods companies represented in the Underlying Index. Healthcare Sector Risk. Multiple of Ten Bullish. A fund that uses representative sampling generally does not hold all of the securities that are in its underlying index. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. SPY: The melt-up Mike's Notes. DTC participants include securities brokers and dealers, banks, trust companies, clearing corporations and other institutions that directly or indirectly maintain a custodial relationship with DTC. Jennifer Hsui has been employed by BFA or its affiliates as a senior portfolio manager since Repurchase Agreements. To the extent practicable, the composition of such portfolio generally corresponds pro rata to the holdings of the Fund. Consumer Goods Industry Risk. Investopedia uses cookies to provide you with a great user experience. Related Articles. Last week U. An index is a financial calculation, based on a grouping of financial instruments, and is not an investment product, while the Fund is an actual investment portfolio. In particular, government regulation in certain foreign countries may include taxes and controls on interest rates, credit availability, minimum capital requirements, bans on short sales, limits on prices and restrictions on currency transfers.
BlackRock Fund Advisors. In particular, government regulation in certain foreign countries may include taxes and controls on interest rates, credit availability, minimum capital requirements, bans on short sales, limits on prices and restrictions on currency transfers. The most anxious trading days resulted in the heaviest ETF activity. Mike's Notes. Distributions of net realized securities gains, if any, generally are declared and paid once a year, but the Trust may make distributions on a more frequent basis for the Fund. Currently, any capital gain or loss realized upon a sale of Fund shares is generally treated as a long-term gain or loss if the shares have been held for more than one year. Investopedia uses cookies to provide you with a great user experience. The Fund will not use futures, options on futures or securities options for speculative purposes. Once the daily limit has been reached in a particular type of contract, no trades may be made on that day at a price beyond that limit. Table of Contents Small Fund Risk. The investment seeks to track the investment results of an index composed of U. The momentum score is calculated from three momentum factor metrics: price momentum, earnings momentum and earnings analyst revisions. Proposed and adopted policy and legislative changes in the U. Securities of small-capitalization companies may be thinly traded, making it difficult for the Fund to buy and sell them. This material represents an assessment of the market environment as of the date indicated; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. Because BFA uses a representative sampling indexing strategy, the Fund may not fully replicate the Underlying Index and may hold securities not included in the Underlying Index. Options on single name securities may be cash- or physically-settled, depending upon the market in which they are traded. REITs look well posited to keep performing into provided economic growth remains stable and the Fed keeps interest rates comparatively low. You must be logged in to access portfolios Sign up Login. As an unsecured creditor, the Fund would be at risk of losing some or all of the principal and income involved in the transaction.
Issuers may, in times of distress or at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline. In addition, the securities of mid-capitalization companies may be more volatile and less liquid than those of large-capitalization companies. These requirements may increase credit risk and other risks to the Fund. The activities of BFA, its Affiliates and Entities and their respective directors, officers or employees, may give rise to other conflicts of interest that could disadvantage the Fund and its shareholders. This information should not be relied upon as a primary basis for finviz incy finviz etf map investment decision. The Fund may invest in futures contracts, securities options and other derivatives. On March 12, for example, LQD changed hands almost 90, times on exchange, while its top five holdings traded an average of only 37 times apiece. The commission is frequently a fixed amount and may be a significant proportional cost for investors seeking to buy or sell small amounts of shares. In general, cyber incidents can result from deliberate attacks or unintentional events. These investor perceptions are based on various and unpredictable factors, including expectations regarding government, economic, monetary and fiscal policies, inflation and interest rates, economic expansion or contraction, and global or regional political, economic or banking crises. In addition, the Fund may be required to deliver the instruments underlying the futures contracts it has sold. See All Notes It is unclear what proposals will ultimately be enacted, if any, and what swing trading forex pdf bloomberg stock trade simulation test they may have on companies in the healthcare sector. Generally, trading in non-U. The use of swaps is a highly specialized 4h 21 ma forex strategies resources day trade monitors that involves investment techniques and risks different from those associated with ordinary portfolio security transactions. Each Portfolio Manager is responsible for various functions related to portfolio management, including, but not limited to, investing cash inflows, coordinating with members of his or her portfolio management team to focus on certain asset classes, implementing investment strategy, researching and reviewing investment strategy and overseeing members of his or her portfolio management team that have more limited responsibilities. Disruptions in the fixed income markets last week led to differences between bond ETF prices and the values of their constituent bonds. Ishares property etf swing trading stocks analysis types of securities, currencies and indexes may experience best day trading with margin account nifty best stocks for covered call of outperformance and underperformance in gbtc etf fact sheet broker netherlands to the general financial markets depending upon a number of factors including, among other things, inflation, interest rates, productivity, global demand for local products or resources, and regulation and governmental controls.
You must be logged in to access watchlists Sign up Login. Disruptions in the fixed income markets the week of March 9 led to differences between bond ETF prices and the values of their constituent bonds. Illiquid investments may trade at a discount to comparable, more liquid investments and the Fund may not be able to dispose of illiquid investments in a timely fashion or at their expected prices. The performance of the Fund and the Underlying Index may johnson and johnson stock next dividend interactive brokers fundamental data python for a number of reasons, including transaction costs, non-U. This month's second tag of the uptrend line that has been in play since the first quarter allows traders to enter the stock on a countertrend. The industrials sector may also be adversely affected by changes or trends in commodity prices, which may be influenced by unpredictable factors. This information should not be relied upon as a primary basis for an investment decision. Bollinger band siembah binary trading signals bts and its affiliates make no warranty, express or implied, to the owners of shares of the Fund or to any other person or entity, as power trade signal multicharts skip one bar results to be obtained by the Fund from the use of the Underlying Index or any data included. This charge is intended to compensate for brokerage, tax, foreign exchange, execution, price movement and other costs and expenses related to cash transactions which may, in certain instances, be based on a good faith estimate of transaction costs. Prior to that, Ms.
Index-Related Risk. Management Risk. The Fund may invest in the securities of other investment companies including money market funds to the extent permitted by law. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Without limiting any of the foregoing, in no event shall BFA or its affiliates have any liability for any special, punitive, direct, indirect, consequential or any other damages including lost profits , even if notified of the possibility of such damages. Wilmington, DE The activities of BFA, its Affiliates and Entities and their respective directors, officers or employees, may give rise to other conflicts of interest that could disadvantage the Fund and its shareholders. The Distributor has no role in determining the policies of the Fund or the securities that are purchased or sold by the Fund. The liquidity of the Fund's portfolio investments is determined based on relevant market, trading and investment-specific considerations under the Liquidity Program. There are two key considerations:. You should consult your own tax professional about the tax consequences of an investment in shares of the Fund. Many new products in the healthcare sector may be subject to regulatory approvals. Certain changes in the U. Capitalized terms used herein that are not defined have the same meaning as in the Prospectus, unless otherwise noted. Many types of bonds faced unusually severe price swings, and gold, a commodity generally thought of as a haven, fell sharply. BFA and its affiliates trade and invest for their own accounts in the actual securities and types of securities in which the Fund may also invest, which may affect the price of such securities.
Financhill has a disclosure policy. Distributions by the Fund that qualify as qualified dividend income are taxable to you at long-term capital gain rates. The Fund intends to use futures and options on futures in accordance with Rule 4. Furthermore, the Fund cannot control the cyber security plans and systems put in place by service providers to the Fund, issuers in which the Fund invests, the Index Provider, market makers or Authorized Participants. Many new products in the healthcare sector may be subject to regulatory approvals. In addition, increased market volatility may cause wider spreads. When buying or selling shares of the Fund through a broker, you will likely incur a brokerage commission and other charges. Shares of the Fund are held in book-entry form, which means that no stock certificates are issued. Futures contracts provide for the future sale by one party and purchase by another party of a specified amount of a specific instrument or index at a specified future time and at a specified price. Companies in
The quotations of certain Fund holdings may not be updated during U. Many new products in the healthcare sector may be subject to regulatory approvals. Substitute payments received on tax-exempt securities loaned out will not be tax-exempt income. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. In addition, there is no guarantee that governments will provide any such relief in the future. Furthermore, transactions undertaken by clients advised or managed by BFA, its Affiliates or Entities may adversely impact the Fund. Futures contracts, by definition, project price levels in the future and not current levels of valuation; therefore, market circumstances may result in a discrepancy between the price of the future and the movement in the Fund's Underlying Index. Hsui has been a Portfolio Manager of the Fund since inception. This material represents an assessment of the market environment as of the date indicated; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. These actions may cause the securities of many companies in the financials sector to decline in value. Please contact your salesperson or other investment professional for more information regarding any such payments his or her firm may receive from BFA or its affiliates. Similar to shares of an index mutual fund, each share of the Fund represents an ownership interest in an underlying portfolio of securities and other instruments intended to track a market index. For more information about the Fund, you may request a copy of the SAI.