___________ is an unmanaged fund designed to replicates closely as possible the performance of a specified index of market activity.

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An index fund is specifically designed to track and replicate the performance of a particular market index, such as the S&P 500. It is an unmanaged passive fund, meaning it does not require active management or analysis. It is considered a low-cost and efficient way for investors to gain exposure to a diversified portfolio of assets, while minimizing the risks associated with active management.

___________ Is an Unmanaged Fund Designed to Replicates Closely as Possible