Description

This exchange-traded fund (ETF) aims to replicate the performance of the Bloomberg US 1-3 Year Treasury Bond Total Return Index. The underlying index is comprised of short-term U.S. government debt securities, specifically those with remaining maturities ranging from one to three years. The fund achieves its objective through a passively managed investment strategy, holding the individual U.S. Treasury bonds that constitute the index. Furthermore, it offers the convenience of being continuously tradable throughout the day.