Industry description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive 1-3 month U.S. T-Bill Index.
The fund invests at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the underlying index. The underlying index is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 1 month and less than 3 months.