The Fund is an actively managed exchange-traded fund (ETF) that seeks to generate a total return in excess of the Solactive US Aggregate Bond Index (the Benchmark). To accomplish the Funds investment objective, the Fund invests in options on either ETFs or indexes which are expected to provide performance that approximates that of the Benchmark. The Fund may use call options or combinations of call and put options (either referred to as Combos) on ETFs or indexes such that the combination of these options contracts seeks to outperform the Benchmark. The Fund may invest in either standard exchange traded-listed options or FLexible EXchange Options (FLEX Options) or a combination of both to gain such exposure. In addition, the Fund may invest directly in one or more ETFs that offer exposure to the Benchmark or offer exposure to another index that invests in substantially similar securities as the Benchmark. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended.