Description

This fund's primary goal is to replicate the investment performance of its benchmark, the Bloomberg U.S. Long Treasury Bond Index. It achieves this by allocating at least 80% of its net assets to the same securities found within that index, and a minimum of 80% of its net assets to U.S. Treasury securities, which are guaranteed by the full faith and credit of the U.S. government. The target index itself comprises U.S. dollar-denominated, fixed-rate debt instruments issued by the U.S. Treasury that have maturities of ten years or more.