The Index Funds S&P 500 Equal Weight (INDEX) is a mutual fund that aims to track the performance of the S&P 500 Equal Weight Index. This index includes the same stocks as the traditional S&P 500 Index, but each stock is given an equal weighting instead of being weighted by market capitalization. This approach provides a more balanced representation of the overall market and reduces the influence of larger companies. The fund offers investors a diversified portfolio of large-cap stocks and the potential for long-term growth.
For Mutual Funds, the calculations for the Smart Score, Analyst Consensus, Price Target, Blogger Sentiment, News Sentiment and Insider Transactions are based on the weighted average of the Mutual Fund's holdings and some additional factors. Hedge Fund Trend, Crowd Wisdom and Technicals are based on the actual Mutual Fund ticker.