A mutual fund in which the portfolio is weighted exactly like the Standard and Poor's 500 index or any other market measure is called

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An index fund is a type of mutual fund that replicates the performance of a specific market index, such as the S&P 500. The portfolio of an index fund is weighted in a way that mirrors the components of the index it tracks, providing investors with exposure to the overall market, while minimizing the risk associated with individual stock-picking. This type of fund is generally low-cost, making it an attractive option for many investors.

A Mutual Fund in Which the Portfolio Is Weighted Exactly