The fund manager employs an indexing investment approach designed to track the performance of the CRSP U.S. Total Market Index (the “Target Index”), which represents 100% of the investable U.S. stock market, as determined by the index provider. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target index.
| Horizon | Bear case (−1σ) | Base case | Bull case (+1σ) |
|---|---|---|---|
| 1 Month | $363.82 (-3.5%) | $376.87 | $390.37 (+3.6%) |
| 3 Months | $354.56 (-5.9%) | $376.87 | $400.57 (+6.3%) |
| 6 Months | $345.72 (-8.3%) | $376.87 | $410.82 (+9.0%) |
| 12 Months | $333.58 (-11.5%) | $376.87 | $425.77 (+13.0%) |