The SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) aims to deliver investment returns that closely reflect the total performance, encompassing both price appreciation and yield, of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index. This objective is measured before any fund fees or operational expenses are considered. The underlying index focuses on short-duration (1-3 year maturity) government bonds issued by nations worldwide, specifically excluding those from the United States, and employs a capping methodology to manage exposure.