The investment seeks to track the performance, before fees and expenses, of Solactive U.S. Treasury Floating Rate Bond Index designed to measure the performance of floating rate bonds of the U.S. Treasury. Under normal circumstances, at least 80% of the fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested in component securities of the index, which is comprised of floating rate treasuries. The index is maintained by Solactive AG and is designed to measure the performance of floating rate public obligations of the U.S. Treasury.