The ETF’s objective is to (i) maximize total returns for unitholders while reducing risk; and (ii) provide unitholders with monthly cash distributions, by taking long and short positions primarily in corporate bonds and other income securities. The ETF will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds.
The PBY ETF is actively managed, so it doesn't track an index. We're working to retrieve all detailed holding information.