Fund Description

The fund seeks to track the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L) by investing, under normal circumstances, at least 90% of net assets in index securities and generally replicating index weightings. The index includes publicly issued, U.S. dollar-denominated, fixed-rate, non-convertible, investment-grade Treasury inflation-protected securities (TIPS) with at least one year to maturity and $500 million or more outstanding, and is market-cap weighted and updated monthly. TIPS principal and interest are linked to CPI. The fund may use sampling, invest up to 10% in non-index holdings, hold cash, use repurchase agreements, and lend securities.