The S&P U.S. Select Plus Custom Index ("Custom Index") objective attempts to produce returns in excess of the S&P 500 Total Return Index in a disciplined and consistent manner. The historical analysis of the Custom Index demonstrated outperformance over the S&P 500 Total Return Index in each of the five years ending December 31, 2005.
Offshore North American equity funds that exhibit the following characteristics are included:
Fund Size –Greater than US$ 200 million
Weighting –A single fund must account between 5% and 25% of the overall portfolio. All small cap funds cannot account for less than 30% of the index in aggregate.
Exposure – Annual excess return must not exceed 10% at calendar year end
Index Governance and Policy
This index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.
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