Fund Description

The fund uses an indexing approach designed to track the Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index, which includes publicly issued medium and larger U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds with maturities between 1 and 5 years. It invests through index sampling, holding a range of securities that in the aggregate approximates the index's key risk factors and characteristics. At least 80% of assets are invested in bonds held in the index, and it seeks to maintain dollar-weighted average maturity and duration consistent with the index.