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, the fund invests at least 80% of its net assets will be invested in component securities of the index, which is comprised of U.S. Treasury securities with a dollar weighted average maturity between 1 and 3 years and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.