Industry description
The investment seeks to track the investment results (before fees and expenses) of the ICE 1-30 Year Laddered Maturity U.S. Treasury Index.
The fund generally will invest at least 80% of its total assets in the components of the index. The index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of up to 30 U.S. Treasury Notes or Bonds representing the annual February maturity ladder across the yield curve.