| Investment Objective: |
The Flexible Income Fund is an actively managed exchange-traded fund ("ETF") that pursues total return by primarily investing in high-yield fixed-income securities and dynamically adjusting exposures based on market and macroeconomic trends. The Fund combines high income-generating assets, tactical credit allocation, and put spread overlays to enhance return potential and provide risk-managed access to credit markets. The Fund may use options to manage risk or generate additional income by selling and purchasing put and call options on broad-based indices or ETFs that track such indices. The Fund may engage in put spreads, which involve selling a put option on a portion of the portfolio and purchasing a put option with a lower strike price. In addition to put spreads, the Fund may also buy or write put and call options on individual securities, including ETFs, or indices for investment purposes, hedging, or generating additional income. These strategies may involve writing covered call options on underlying positions to generate income. The Fund may also employ combinations of options strategies, including spreads, straddles, and collars. |
