The fund's primary objective is to mirror the price and yield performance, prior to accounting for fees and expenses, of the Bloomberg Barclays Global Aggregate Enhanced Yield Index, which employs a USD hedging strategy. Typically, more than 80% of the fund's total assets—excluding any collateral from securities lending—will be dedicated to investing in the securities that comprise this index, or in other investments that share substantially identical economic characteristics. This particular index is designed to provide broad exposure to the worldwide market for investment-grade fixed-income securities.