The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. dollar denominated investment grade bond market.
The fund uses a passive management strategy designed to track the total return performance of the Lehman Brothers U.S. Aggregate index. The U.S. Aggregate index represents the securities of the U.S. dollar denominated investment grade bond market. It is nondiversified.
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