Bondbloxx Bloomberg Three Year Target Duration US Treasury ETF seeks to track the investment results of the Bloomberg US Treasury 3 Year Duration Index composed of U.S. Treasury securities with a duration between 2 and 4 years. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 3 years, either directly or indirectly (e.g., through derivatives). It is non-diversified.
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