| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in asset-backed securities. The Fund may invest in asset-backed securities of any kind, including, without limitation, those backed by motor vehicle installment sales or installment loan contracts, leases of various types of real, personal and other property (including those relating to aircrafts, containers, railroads, telecommunication, energy, and/or other infrastructure assets and infrastructure-related assets), receivables from credit card agreements and automobile finance agreements, home equity sharing agreements, student loans, consumer loans, home equity loans, mobile home loans, boat loans, point-of-sale loans, household device payment plans, and loans of any other type, including covenant-lite loans, income from other non-mortgage-related obligations, such as income from business and small business loans, intellectual property, royalties, timeshare receivables, insurance and litigation finance receivables, and franchise rights. Asset-backed securities in which the Fund may invest also include investments in the form of collateralized debt obligations ("CDOs"), including collateralized bond obligations and collateralized loan obligations. |
