Comprehensive and Detailed Explanation From Exact Extract:
The S&P 500 is the appropriate benchmark for researching the largest listed public companies in the US market. The feedback from the document provides:
"Index: S&P 500, Description: The 500 largest publicly held companies that trade on U.S. markets, Performance uses: U.S. equity funds."
[Reference:Chapter 14 – Understanding Mutual Fund PerformanceLearning Domain:Evaluating and Selecting Mutual Funds, ]
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