Industry description
The investment seeks to track the performance of a market-weighted ICE 2028 Maturity U.S. Corporate Constrained Index composed of U.S. dollar-dominated, investment-grade corporate bonds maturing in 2028.
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the components of the target index or in securities determined by the fund’s advisor to have economic characteristics substantially identical to those of the target index components.