The Fund is an actively managed exchange-traded fund (ETF) that seeks to pursue its investment objective by investing, under normal circumstances, at least 80 percent of the sum of its net assets and the amount of any borrowings for investment purposes in securitized credit investments. Securitized credit investments are interests in pools of mortgages, loans, receivables or other assets such as agency and non-agency mortgage-backed securities (including commercial mortgage-backed securities, residential mortgage-backed securities and collateralized mortgage obligations (CMOs)), asset-backed securities (including collateralized loan obligations (CLOs)) and other similar securities and related instruments. Securitized credit investments are also referred to as structured product securities or structured products.