Industry description
The investment seeks to track the price and yield performance, before fees and expenses, of the Bloomberg US Aggregate Enhanced Yield Index (the "index").
Under normal circumstances, the fund will invest at least 80% of its total asset in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities. The index is designed to broadly capture the U.S. investment grade, fixed income securities market while seeking to enhance yield within desired risk parameters and constraints. The fund is non-diversified.