Industry description
The investment seeks to track the investment results of the Bloomberg December 2033 Maturity Corporate Index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2033.
The fund will invest at least 80% of its assets in the component instruments of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index.