The fund aims for a high current interest income, as well as capital preservation and appreciation, by investing in Canadian bonds, debentures, notes or other evidence of indebtedness. The fund uses a proactive, disciplined management approach while using analytical tools to identify investments with value on a relative basis. The fund uses a risk management process that limits exposure to individual issuers, diversifying exposure to various maturities and credit risks and quality while maintaining liquidity. The ETF may invest a maximum of 30% in non-CAD-denominated securities. The fund does not invest in securities by issuers with the majority of their revenues associated to tobacco-related products. The fund may engage in securities lending or repurchase/reverse repurchase transactions. As an actively managed ETF, the fund managers have full discretion to make buy, sell, or hold decisions at any time.