Industry description
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays Long U.S. Treasury Index. The fund generally invests substantially all but at least 80% of its total assets in the securities comprising the index or in securities that the adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of 10 or more years. The fund is nondiversified.