The index utilizes certain environmental, social, and governance (? ESG?) criteria to select from the securities included in the Bloomberg U. S.
High Yield Very Liquid Index (the ? Base Index?), which is designed to broadly capture the U. S. dollar-denominated, high yield, fixed-rate corporate bond market.
Under normal market conditions, it invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index.