Description

The fund provides exposure to North American corporate debt securities of any maturity that are rated between BBB+ and BB-, obtained indirectly by investing primarily in the Dynamic Active Crossover Bond Fund. By investing close to the line dividing investment grade and high-yield credit, the fund takes advantage of the dynamics that tend to surround credit upgrades and downgrades. As an actively managed ETF, the portfolio managers can analyze market and financial data to make buy, sell, and hold decisions at their discretion. As such, the fund may use warrants and derivatives to hedge against losses, gain exposure to individual securities and markets, and/or generate income. The fund may also hold cash and cash equivalents.