Description
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to provide protection against rising interest rates (i.e., an interest rate hedge) while generating current income under stable interest rates. The fund invests primarily in interest-only mortgage-backed securities ("MBS IOs") and U.S. Treasury bonds. Mortgage-backed securities ("MBS") are fixed-income instruments that represent an interest in a pool of mortgages. The fund is non-diversified.