Fund Description

The fund uses an indexing approach to track the Bloomberg U.S. Aggregate Float Adjusted Index, which measures a broad range of public, investment-grade, taxable U.S. fixed income securities, including government, corporate, and international dollar-denominated bonds, plus mortgage-backed and asset-backed securities with maturities greater than one year. It invests through index sampling, holding a broadly diversified set of securities that collectively approximates the Index's key risk factors and characteristics, with at least 80% of assets in bonds held in the Index, and seeks dollar-weighted average maturity and duration consistent with the Index.