| Investment Objective: |
The Fund is an actively-managed exchange-traded fund ("ETF") advised by Advent Capital Management, LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in convertible securities issued by U.S.-domiciled companies and in USD denominated convertible securities issued by foreign-domiciled companies that are traded on U.S. exchanges (the "80% Policy"). For purposes of the 80% Policy, the Fund considers the following security types to be convertible securities: convertible bonds, mandatory convertible bonds, convertible preferred stocks, and synthetic convertibles. Convertible preferred stocks are share issuances of a company that rank above that of common stock, below that of most debt issuances, and provide the option to convert into common stock at predetermined times. |
