Industry description
The investment seeks to track the performance, before fees and expenses, of the Solactive U.S. 1-3 Year Treasury Bond Index designed to measure the performance of obligations of the U.S. Treasury with maturities between 1 and 3 years.
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.