| Investment Objective: |
The Sterling Capital Short Duration Bond ETF is an actively managed fund that seeks to provide current income consistent with capital preservation. The Fund invests primarily in a diversified portfolio of investment grade fixed income securities. The Fund invests primarily in the following types of fixed income securities: (i) corporate debt securities, including bonds, notes and debentures, issued by U.S. companies that are investment grade; (ii) securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, some of which may be subject to repurchase agreements; (iii) investment grade mortgage-backed securities, including collateralized mortgage obligations; (iv) investment grade asset-backed securities; (v) U.S. dollar-denominated foreign and emerging market securities; and (vi) investment grade collateralized loan obligations (CLOs). Additionally, the Fund will invest in municipal securities, convertible securities, including convertible bonds and preferred stocks, and cash equivalents. The Fund maintains a dollar-weighted average duration of generally three years or less and may use various derivative instruments. |
