The fund invests at least 80 of its net assets in mortgagebacked securities The advisor defines MBS as any agency or nonagency residential or commercial mortgagebacked security and any futures contract forward agreement swap contract or option linked to the preceding It is an actively managed exchangetraded fund that seeks to achieve its investment objectives by investing primarily in MBSs issued by the Government National Mortgage Association Federal National Mortgage Association and Federal Home Loan Mortgage Corporation