| Investment Objective: |
Weitz Short Duration Bond ETF is an actively managed fund. The fund invests in (1) U.S. Government securities; (2) structured products, such as agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, other asset-backed securities, and collateralized obligations; (3) corporate debt securities; (4) loans and participation interests in loans or loan pools, such as bank loans, commercial loans, mortgage loans and consumer loans; and (5) securities issued by foreign governments, which may include sovereign debt. The Fund may invest in securities issued by non-U.S. issuers, which securities may be denominated in U.S. dollars or foreign currencies. The Fund may invest in debt securities of all maturities, but expects to maintain an average effective duration between one to three and a half years. The Fund may also invest in common stocks, preferred stocks and securities convertible into stocks. |
