The iShares S&P/ASX 20 ETF (the "Fund") aims to provide investors with the performance of the market, before fees and expenses, as represented by the S&P/ASX 20 Index (the "Index"). The Fund invests in Australian shares and trusts listed on the Australian Securities Exchange ("ASX"), and seeks to use a full replication strategy to track the performance of the Index.
The Index includes the 20 largest stocks by market capitalisation in the Australian equities market. Index constituents are drawn from eligible companies listed on the ASX. The Index is the narrowest market capitalisation-based index of the S&P/ASX Australian indices.