- Growth potential of technology, telecommunications, retail and biotechnology stocks.
- Lower costs; index funds have fewer expenses than actively managed equity funds.
- Complements the S&P 500 Index Fund.
The fund seeks to match, before fees and expenses, the performance of the stocks composing the Nasdaq-100 Index. Under normal market conditions, at least 80% of the fund's assets will be invested in the common stocks of companies composing the Nasdaq-100 Index. The Nasdaq-100 Index represents 100 of the largest nonfinancial stocks traded on The Nasdaq Stock Market.