| Investment Objective: |
The investment objective of the Fund is to provide total return through a combination of current income and capital appreciation. The Fund normally invests at least 80% of its investable assets in bonds of corporations with varying maturities. For the purposes of this policy, bonds include all fixed income securities, other than preferred stock, issued by corporations. Although the Fund may invest in bonds of any duration or maturity, the Fund will primarily invest in bonds with maturities equal to or greater than ten years and will normally seek to maintain a weighted average portfolio duration within a year of the duration of the Bloomberg U.S. Corporate 10+ Years Index. The Fund's investments in corporate bonds may include U.S. and non-U.S. corporations. The Fund is an actively managed ETF. The Fund invests in securities that are rated investment grade at the time of purchase. In managing the Fund's assets, the sub-adviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. |
