RSPR

About RSPR

TheFund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index.Strictlyin accordance with its guidelines and mandated procedures, S&PDow Jones Indices LLC (“S&P DJI” or the “Index Provider”) compiles, maintains and calculates the UnderlyingIndex, which is composed of all of the components of the S&P 500®Real Estate Index (the “Parent Index”).The Parent Index is designed to measure the performance of commonstocks of all companies included in the S&P 500®Index that are classified as members of the real estate sector, as defined according to the Global Industry Classification Standard (“GICS®”).The real estate sector includes companies operating in real estate development and operation, offering real estate related services andequity real estate investment trusts (“REITs”). TheUnderlying Index is an equal-weighted version of the Parent Index. “Equalweighting” means that, unlike the Parent Index, which employs a float-adjusted market capitalization weighted methodology, the UnderlyingIndex assigns each component security the same weight at each quarterly rebalance.Asof June 30, 2023, the Underlying Index was comprised of 31 constituentswith market capitalizations ranging from $7.9 billion to $113.2 billion.Althoughthe Fund generally seeks to employ a “full replication” methodologyin seeking to track the Underlying Index (meaning that the Fund generally invests in all of the securities comprising the UnderlyingIndex in proportion to their weightings in the Underlying Index), the Fund at times may employ a “sampling” methodology,which may include, after investing at least 90% of its total assets in the components of the Underlying Index, investing a portionof its assets in other investment companies, including exchange-traded funds. Such investment companies may be affiliated withthe Fund and will seek to invest in securities of companies in the real estate sector.ConcentrationPolicy. TheFund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any oneindustry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries.The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of April30, 2023, the Fund had significant exposure to the real estate sector. The Fund’s portfolio holdings, and the extent to which itconcentrates its investments, are likely to change over time.