The investment seeks investment results, before fees and expenses, that track the performance of the FTSE 30-Year TIPS (Treasury Rate Hedged) Index (the index). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the Index. The index tracks the performance of (i) long position in the most recently issued 30-year Treasury Inflation-Protected Securities (TIPS) and (ii) duration-adjusted short position in U.S. Treasury bonds of, in aggregate, approximate equivalent duration dollars to the TIPS. The fund is non-diversified.