Industry description
The investment seeks to track the price and yield performance, before fees and expenses, of the Bloomberg US Short Aggregate Enhanced Yield Index (the "index").
Under normal circumstances, at least 80% of the fund's total assets will be invested in constituent securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities. The index is designed to broadly capture the short-term U.S. investment grade, fixed income securities market while seeking to enhance yield within desired risk parameters and constraints. The fund is non-diversified.