Description

This investment vehicle endeavors to mirror the total return—comprising both price appreciation and income generation—of the Bloomberg US Liquid Corporates 1-5 Year Total Return Index, prior to any operating costs, with its Euro currency exposure mitigated through hedging. It achieves this by holding the specific debt securities included in the index, thereby granting investors access to high-quality, U.S. dollar-denominated corporate bonds from American entities primarily within the financial, industrial, and utility industries. The management approach is non-active, adhering strictly to the index composition.