NXUS offers broad market exposure to investment grade bonds denominated in foreign currencies, hedged against currency fluctuations for US investors. A majority of the fund`s investments should have a BBB- rating or better. NXUS tracks a market-value-weighted index of corporate, government, sovereign, and securitized bonds with at least one year to maturity. The index is rebalanced and reconstituted monthly and includes developed and emerging markets issuers. The fund limits the impact of non-USD currency fluctuations on performance using forward contracts. The index excludes subordinated debts, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, inflation-linked bonds, and structured notes.