Exchange Listed Funds Trust Gavekal Asia Pacific Government Bond ETF (AGOV) ETF Bio
The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in local currency bonds issued by national governments (i.e., sovereign bonds), instrumentalities or political sub-divisions (i.e., quasi-sovereign bonds), and supranational entities such as the World Bank, Asia Development Bank, and Asian Infrastructure Bank (i.e., supranational bonds) in the Asia-Pacific region (“Asia-Pacific government bonds”). Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asia-Pacific government bonds. The Fund may invest without limit in securities of issuers in emerging markets, including frontier markets. As of the date of this Prospectus, the Asia-Pacific government bonds in which the Fund invests are those from China, India, Indonesia, Singapore, South Korea, Russia, Japan, Malaysia, Taiwan, Thailand, Hong Kong, the Philippines, Pakistan, Vietnam, Sri Lanka, Kazakhstan, Australia, and New Zealand. Gavekal Capital Limited, the Fund’s sub-adviser (the “Sub-Adviser”), expects to allocate at least 3% and no more than 9.5% of the Fund’s total assets to Asia-Pacific government bonds of each country. The list of countries in which the Fund may invest may change from time to time to include other countries in the Asia-Pacific region.
