Industry description
The investment seeks to track the investment results of the Bloomberg December 2031 Maturity Corporate Index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2031.
The index is composed of U.S. dollar-denominated, taxable, investment-grade corporate bonds scheduled to mature between January 1, 2031 and December 15, 2031, inclusive. The fund will invest at least 80% of its assets in the component instruments of the underlying index, and will invest at least 90% of its assets in fixed income securities of the types included in the underlying index. It is non-diversified.