Industry description
The investment seeks to track the investment results (before fees and expenses) of the RAFI® Bonds U.S. High Yield 1-10 Index.
The fund generally will invest at least 80% of its total assets in the components that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Research Affiliates, LLC or its agent compiles and calculates the index, which is designed to measure the performance of U.S. dollar-denominated, high yield corporate bonds that are SEC-registered securities.