Global X U.S. 500 ETF(AMEX:GXLC)

GXLC is passively managed ETF that invests in largest 500 US companies by market cap. The fund selects the largest companies from a universe that ranks securities by total market capitalization. Investments include common stocks and REITs listed on a US exchange and denominated in USD. In addition, the fund may also invest in ETFs. The fund uses a representative sampling strategy, which involves investing in a representative sample of securities that has an investment profile like the index in terms of key risk factors, performance attributes, and other characteristics. The market cap-weighted index is reconstituted and rebalanced on a quarterly basis.