Industry description
The investment seeks to track the performance, before fees and expenses, of the Solactive U.S. Treasury Inflation-Linked Bond Index designed to measure the performance of inflation protected obligations of the U.S. Treasury.
Under normal circumstances, at least 80% of the value of the fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested in component securities of the index, which is comprised of Treasury Inflation-Protected Securities issued by the U.S. Treasury, commonly known as “TIPS.” The index is maintained by Solactive AG (the “index provider”) and is designed to measure the performance of TIPS.