RISR – FolioBeyond Alt Inc and Int Rt Hdg ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income and protect against rising interest rates. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to generate attractive current income while providing protection against rising interest rates (i.e., an interest rate hedge). The fund invests primarily in interest-only mortgage-backed securities (“MBS IOs”) and U.S. Treasury bonds. Under normal circumstances, the fund will invest at least 80% of its net assets in income producing fixed income securities exhibiting alternative income characteristics. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RISR	FolioBeyond Alternative Income and Interest Rate Hedge ETF	ETF	Open			Sep 30, 2021	$484.04M	1.040%	—	—	$284.43M

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