1.38p
(0.15%)
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Stocks and Shares ISAObjective
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI USA Mid-Cap Equal Weighted Index, the Fund’s benchmark index (“Benchmark Index”). The Share Class, via the Fund, aims to invest in the equity securities (e.g. shares) that, so far as possible and practicable, make up the Benchmark Index. The Benchmark Index aims to reflect the performance characteristics of mid-capitalisation equity securities (e.g. shares) within the MSCI USA Index (“Parent Index”), with each security being equally weighted within the Benchmark Index. As at 1 June 2016, the Benchmark Index comprised 329 constituents. Market capitalisation is the share price of a company multiplied by the number of shares issued. The Benchmark Index includes the mid-capitalisation constituents of the Parent Index but, at each rebalance date, all index constituents are weighted equally, effectively removing the influence of each constituent’s market capitalisation. This means that, at each index rebalance, the Benchmark Index will have a larger weighting in the smaller mid-capitalisation equity securities compared to its Parent Index. The Parent Index measures the performance of large and mid-capitalisation companies in the USA. Companies are included in the Parent Index based on the proportion of their shares in issue that are available for purchase by international investors. As at 1 June 2016, the Parent Index comprised 624 constituents. The Fund uses optimising techniques to achieve a similar return to its Benchmark Index.
- Leverage -
- Currency hedgingNo