S&P DEPOSITORY RECEIPTS $148 (American Exchange symbol SPY; buy or sell through brokers) are commonly called ‘Spiders’. The fund holds the stocks in the S&P 500 Index. This index is comprised of 500 major U.S. stocks chosen for market size, liquidity, and industry group representation. The 10 highest weighted stocks on the index are Exxon Mobil, General Electric, Bank of America, Citigroup, Microsoft, AT&T, Chevron Corp., Johnson & Johnson, Cisco and Procter & Gamble. Expenses for the fund are just 0.10% of assets. If you want exposure to the S&P 500 Index, S&P Depository Receipts are a buy.
S&P Depository Receipts $148 – American symbol SPY
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