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The fund normally invests in securities comprising the index. The index generally consists of 18 exchange-traded funds (“ETFs”) and 50 U.S. exchange-listed stocks (the “Equity Portfolio Sleeve”), though this may change from time to time. It may invest up to 20% of its assets in investments that are not included in the index, but that the Adviser believes will help the fund track the performance of the index.
Check out other names from the same Asset Management industry as MPAY.