EDGF

EDGF dynamically invests in fixed income assets based on a proprietary model of global capital markets that combines valuation, economic, and investor behavioral factors. Selection is finalized through a committee that allocates assets that appear undervalued and/or are believed to respond favorably to financial market catalysts. The fund mainly invests in Treasurys and investment grade and high-yield debt. The portfolio is expected to comprise more than 75% Treasurys and investment grade debt, while high-yield bonds do not exceed 25%. To a lesser extent, the fund may invest in other forms of debt, asset-backed securities, and CMOs. The fund may also use derivatives for hedging purposes but will not use it to increase leveraged exposure. As an actively managed ETF, the fund manager determines the overall credit quality and duration targets of the fund and has full discretion to adjust the portfolio at any given time.