The fund actively and primarily invests in a broad portfolio of debt securities from developed markets, specifically in the US and Canada. In seeking absolute positive returns, the fund may also hold other debt instruments across the credit spectrum such as cash, investment-grade and high-yield corporate debt, government debt and futures, convertible debentures and credit derivatives. Allocation and maturity is at the discretion of the manager, but the fund will aim to maintain an overall portfolio duration of less than 2 years. The fund is designed for investors with a low risk appetite who are seeking steady cash flow from a diversified portfolio delivering efficient exposure to the potential of short-term debt securities in the developed markets. Prior to November 2, 2020, the fund was called CI First Asset Enhanced Short Duration Bond ETF.