IAK is a solid, broad-based insurance fund that also makes a play for the small-cap end of the segment. The insurance sector, as defined by S&P Dow Jones Indices LLC, includes insurance companies, property and casualty insurance companies, and life insurance companies. Therefore, some well-known insurance companies outside the sector classification can be omitted. Companies should have a market cap of at least $250 million. Stocks are market-weighted, subject to 22.5% cap with the rest redistributed proportionally. The index is rebalanced quarterly.
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