Industry description
The investment seeks to track the investment results of the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index composed of global non-U.S. dollar-denominated investment-grade bonds that mitigates exposure to fluctuations between the value of the component currencies and the U.S. dollar.
The fund seeks to track the investment results of the index, which measures the performance of the global investment-grade bond market. The fund will invest at least 80% of its assets in the component securities of the underlying index.