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The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Real Estate Select Sector Index (the "index"). Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index.
The index includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. The fund is non-diversified. .