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An index is an unmanaged portfolio of specific securities. The performance of which is often used as a benchmark in judging the relative performance of certain asset classes. It should not be assumed that past performance in any way relates to future results. An investment cannot be made directly in an index. An index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown.
S&P 500 Index: A widely used U.S. equity benchmark. It contains 500 U.S. stocks chosen for market size, liquidity, and industry group representation.