$0.05
(0.33%)
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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 S&P 500 Capped 35/20 Communication Services Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, aims to invest in equity securities (e.g. shares) that, so far as possible and practicable, make up the Index. The Index measures the performance of equity securities of companies included in the S&P 500 which are within the Global Industry Classification Standard (GICS)Communication Services sector. The GICS Communication Services sector includes companies involved in (i) telecommunication services, which includes companiesthat are involved in fixed-line, cellular, wireless telecommunication services and internet services providers; and (ii) media and entertainment services, which includescompanies that are involved in advertising, broadcasting, cable and satellite, publishing, movies and entertainment (including online entertainment streamingcompanies), interactive home entertainment (including producers of mobile gaming applications) and interactive media and services (including search engines, socialmedia and networking platforms, online classifieds, online review companies and companies involved in content and information creation or distribution throughproprietary platforms). The Index may not include every sub-sector of the GICS Communication Services sector. The S&P 500 measures the performance of the 500 largest companies (i.e. companies with large market capitalisation) within the United States market which complywith S&P’s size, liquidity and free float criteria. Companies are included in the Index based on a free float-adjusted market capitalisation weighted basis. Free float-adjusted means that only shares readily available inthe market rather than all of a company’s issued shares are used in calculating the Index. Free float-adjusted market capitalisation is the share price of a companymultiplied by the number of shares readily available in the market. The Benchmark Index caps the weight of the largest companies at each rebalance to help ensure index diversification. The weight of the largest company in theBenchmark Index is capped at 33% and the weights of the remaining companies are capped at 19%. The Index rebalances on a quarterly basis, with ad-hoc monthly rebalances in order to maintain the capping. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of theFund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on, one or more underlying assets) to helpachieve the Fund’s investment objective. FDIs may be used for direct investment purposes. Your shares will be accumulating shares (i.e. income will be included in their value).
- Leverage -
- Currency hedgingNo