The fund is an exchange traded fund (ETF) that aims to track the performance of the Barclays Spain Treasury Bond Index as closely as possible. The ETF invests in physical index securities. The Barclays Spain Treasury Bond Index offers exposure to Euro denominated Spanish government bond, with credit ratings that are the same as the country rating. In addition, only bonds with a minimum remaining time to maturity of one year and a minimum amount outstanding of €300 million are included in the index.