| Investment Objective: |
The Fund's investment objective is to provide safety of principal and a moderate to high rate of current income. The Fund is an actively-managed ETF. The Fund seeks to maintain an average portfolio quality minimum of A. Many types of securities may be purchased by the Fund, including corporate bonds, notes, U.S. Government and agency securities, asset-backed securities, mortgage-related securities, bank loan debt, preferred stock and inflation-protected securities, as well as others. The Fund may also invest up to 25% of its total assets in fixed-income, non-U.S. Dollar denominated foreign securities, and may invest without limit in fixed-income, U.S. Dollar denominated foreign securities, in each case in developed or emerging-market countries. The Fund may use derivatives, such as options, futures contracts, forward contracts and swaps. The Fund may invest up to 25% of its total assets in fixed-income securities rated below investment grade. The Fund seeks to maintain an effective duration of three to seven years under normal market conditions. |
