BAMY is an actively managed fund-of-funds that targets income-producing investments. The fund invests indirectly in dividend-paying securities, preferred stocks, junk bonds, and other fixed income securities through underlying funds, including closed-end funds, unaffiliated ETFs, as well as ETFs that utilize put and call options. The adviser uses both proprietary and third-party research to make investment decisions. The underlying funds are selected based on their strategy, management style, yield or distribution, expense ratio, and liquidity. Weighting for each asset class depends on prevailing market conditions. At times, the fund may have greater exposure to certain sectors than others. As an actively managed ETF, the fund manager has full discretion to adjust holdings at any time.