The fundprovides exposuremainly toCanadian investment-grade corporate bonds,potentially including ABS and commercial MBS,that are perceived tooutperform.Using abottom-up analysis of issuersand atop-down analysis of sectors,the fund focuses onissuer-specific fundamentals and quantitative modeling of valuations and liquidity toselect securities. Both technical and fundamental analyses areusedto positiontheiraverage termtomaturity.Macroeconomic variablesandtechnical interest rate analysisare also usedto draw conclusions about future economic growth and the direction of interest rates. As an actively managed ETF, the fundmay depart temporarily from its fundamental investment objectivesat their discretion.The fundmayfrom time-to-timeinvest in securities of foreign issuersof up30%and high-yield debtsecuritiesof no more than10%.