The Fund is an actively managed exchange traded fund. For purposes of the Funds 80% policy described above, investment-grade debt securities include, but are not limited to, investment-grade corporate bonds, government bonds (obligations issued or guaranteed by U.S. and non-U.S. governments and their agencies or instrumentalities), mortgage-backed securities of any kind, asset-backed securities, preferred stock, collateralized debt obligations (including collateralized loan obligations), and other types of debt or income-producing securities. Asset-backed securities are securities backed by notes or receivables originated by banks, credit card companies or other providers of credit.