Short equity index funds
90% short (100% index + active long/short overlay). The Fund seeks to outperform the S&P 500 over most annual periods. The Fund is not a passive index fund. Single-sector and country equity funds are factored into the rankings as general equity. All passive index funds, including pure index, enhanced index, and index- The fund does not replicate the inverse performance of the S&P 500 Index. See " A word about risk." A structural advantage to gaining short equity. The fund's