Institutional Funds

Investment Strategy

The Fund aims to provide exposure to the U.S. equity market by closely matching key attributes of the S&P 500 Total Return Index - US$. The Fund employs full replication techniques to seek to replicate the characteristics and returns of the benchmark. The Fund is managed based on the belief that indexing reduces portfolio risk by investing in a comprehensive range of securities, while lowering costs compared with more active approaches. This Fund is available for purchase in US$ or C$.

Investment Objective

The Fund's objective is to track the performance of the S&P 500 Total Return Index.

Who Should Invest

The Fund is designed for Canadian registered pension plans, registered retirement savings plans and qualifying foundations, endowments and charities which are exempt from income tax in Canada and the United States in respect of dividend or interest income earned in the United States, seeking benchmark returns and exposure to a broad base of U.S. equities.

Fund Facts

Asset Class	US Equity
Management Philosophy	Passive
Inception Date	December 31, 1993
Benchmark	S&P 500 TRI (US$)

Details

NAV($) / Yield (%)	33.9524 (As of January 20, 2021)
Distribution Date	December 22, 2020
Income Distribution	0.4900
Capital Distribution	0.0000
Total Distribution	0.4900
AUM (in millions)	3,915.48 (As of December 31, 2020)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	3.84	12.13	18.35	18.35	24.71	14.13	16.00	15.17	13.84	10.18
Benchmark	3.84	12.15	18.40	18.40	24.77	14.18	16.05	15.22	13.88	10.17

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	31.40	-4.41	21.79	11.91	1.35
Benchmark	31.49	-4.38	21.83	11.96	1.38