Industry description
The investment seeks to provide three times leveraged participation in the VettaFi High Yield Corporate Bond Fund-Tracking Index (the “Index”) from one leverage reset day to the next, before taking into account fees and charges.
The index is a total return index that tracks the performance of the iShares® iBoxx $High Yield Corporate Bond ETF and is designed to provide exposure to U.S. dollar-denominated high-yield corporate debt through a single fund-tracking vehicle.