Status: Regional Indexed Funds

Fund on basis of companies in S&P 500 Index, The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. The index is the most notable of the many indices owned and maintained by Standard & Poor's, a division of McGraw-Hill. S&P 500 is used in reference not only to the index but also to the 500 actual companies whose stocks are included in the index.

The S&P 500 index forms part of the broader S&P 1500 and S&P Global 1200 stock market indices.

All of the stocks in the index are those of large publicly held companies and trade on major US stock exchanges such as the New York Stock Exchange and Nasdaq. After the Dow Jones Industrial Average, the S&P 500 is the most widely watched index of large-cap US stocks. It is considered to be a bellwether for the US economy and is a component of the Index of Leading Indicators. It is often quoted using the symbol SPX, and may be prefixed with a caret (^) or with a dollar sign ($).

Many index funds and exchange-traded funds track the performance of the S&P 500 by holding the same stocks as the index, in the same proportions, and thus attempting to match its performance (before fees and expenses). Partly because of this, a company which has its stock added to the list may see a boost in its stock price as the managers of the mutual funds must purchase that company's stock in order to match the funds' composition to that of the S&P 500 index.

In stock and mutual fund performance charts, the S&P 500 index is often used as a baseline for comparison. The chart will show the S&P 500 index, with the performance of the target stock or fund overlaid.

Included following companies in different business sectors:

ExxonMobil Corp. XOM
General Electric Co. GE
Microsoft Corp. MSFT
Citigroup Inc. C
Pfizer Inc. PFE
Johnson & Johnson JNJ
Bank of America Corp. BAC
Intel Corp. INTC
American International Group, Inc. AIG
Wal-Mart Stores Inc. WMT
Altria Group Inc. MO
Procter & Gamble Co. PG
ChevronTexaco Corp. CVX
International Business Machines Corp. IBM
JPMorgan Chase & Co. JPM
Cisco Systems Inc. CSCO
Wells Fargo & Co. WFC
Coca-Cola Co. KO
Amgen Inc. AMGN
PepsiCo Inc.