Industry description
The investment seeks to provide investment results that, before fees and expenses, correlate generally to the price and yield performance of an index that tracks the 3-7 year sector of the United States Treasury securities market.
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of the value of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index and/or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index.