The fund is an exchange traded fund (ETF) that aims to track the performance of the Barclays US Treasury 1-3 Year Term Index as closely as possible. The ETF invests in physical index securities. The Barclays US Treasury 1-3 Year Term Index offers exposure to US Dollar denominated investment grade government bonds issued by the US Treasury with an original term between 1.25 and 3.25 years. Only bonds with a calculated life of 1.25 years or more and a minimum amount outstanding of €2 billion are included in the index. iShares ETFs are funds managed by BlackRock. They are transparent, cost-efficient, liquid vehicles that trade on stock exchanges like normal securities. iShares ETFs offer flexible and easy access to a wide range of markets and asset classes.