| Investment Objective: |
The Eaton Vance Mortgage Opportunities ETF (the "Fund") seeks a high level of current income. These mortgage-related securities may include mortgage-backed securities such as mortgage pass-through securities, collateralized mortgage obligations ("CMOs"), stripped mortgage-backed securities ("SMBS"), commercial mortgage-backed securities ("CMBS") and inverse floating rate obligations("inverse floaters"). The mortgage-backed securities in which the Fund invests may be issued or guaranteed by the U.S. Government, its agencies or instrumentalities or may be offered by non-governmental issuers, such as commercial banks, savings and loan institutions, private mortgage insurance companies, mortgage bankers and other secondary market issuers. The Adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer(or obligor) or financial performance of an obligation. The Fund is not limited as to the maturities or types of mortgage-backed securities in which it may invest. The Fund may invest up to 50% of its net assets in high yield securities (commonly referred to as "junk bonds"). |
