Industry description
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of theICE BofA Current 20-Year U.S. Treasury Index (GA20).
Under normal market conditions, The adviser seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in the component securities of the underlying index. The ICE BofA Current 20-Year U.S. Treasury Index is a one-security index comprised of the most recently issued 20-year U.S. treasury note.