Q: further to my question which you answered very quickly, thank you. The information was from your website"Business Description-
The investment seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index. The fund seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index (the underlying index), which measures the performance of U.S. listed companies engaged in cutting edge research and development of products and services in the areas of robotics and artificial intelligence, cyber security, cloud and data tech, financial technology, and genomics and immunology. It generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified. The Fund seeks to track the investment results of the ICE 0-3 Month US Treasury Securities Index, which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of less than or equal to three months." I don't understand why the TBills are related to this index. Is the debt incurred by these companies comprising the index?
The investment seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index. The fund seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index (the underlying index), which measures the performance of U.S. listed companies engaged in cutting edge research and development of products and services in the areas of robotics and artificial intelligence, cyber security, cloud and data tech, financial technology, and genomics and immunology. It generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified. The Fund seeks to track the investment results of the ICE 0-3 Month US Treasury Securities Index, which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of less than or equal to three months." I don't understand why the TBills are related to this index. Is the debt incurred by these companies comprising the index?