Description

The Solactive FEDL Daily Total Return Index reflects the performance of a daily rolled deposit earning the federal funds effective rate, which is the short-term money market reference in the US. The federal funds rate is decided at Federal Open Market Committee (FOMC) meetings. Additional information on the Index and the general methodology behind the Fed Fund effective rate can be found on https://www.solactive.com and https://www.federalreserve.gov/ .