SPGM

SPGM holds global stocks tracking a broad-based, market-cap-weighted index across 23 developed and 27 emerging market countries. The index focuses on liquidity, investability and replicability. Constituents must meet certain size and tradability requirements. Mutual funds, ETFs, equity derivatives, limited partnerships, and most investment trusts are excluded. The index is reviewed quarterly each February. SPGM employs a sampling strategy wherein it is not required to purchase all of the securities represented in the index. Instead, it holds a portfolio that will represent the same risk and return characteristics of the index. Prior to Sep. 23, 2019, the fund traded under the ticker ACIM.