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The investment seeks to track the investment results of an index composed of global investment-grade green bonds that are issued to fund environmental projects, while mitigating exposure to currency fluctuations versus the U.S. dollar.
The fund seeks to track the investment results of the Bloomberg Barclays MSCI Global Green Bond Select (USD Hedged) Index, which measures the performance of global investment-grade green bonds issued to fund projects with direct environmental benefits. The fund generally will invest at least 90% of its assets in the component securities and other instruments of the index. It is non-diversified.