SanJac Alpha Low Duration 

SanJac Alpha Low Duration ETF (SJLD) predominantly allocates its capital to short-maturity, high-quality debt instruments, consistently aiming to keep its average portfolio duration at two years or less. This strategy is designed to enhance financial flexibility, mitigate potential dangers, and generate consistent, modest returns, particularly during periods of interest rate volatility. The selection process for assets places a strong emphasis on the issuer's financial soundness, market tradability, and susceptibility to changes in interest rates. While the fund primarily holds U.S. government obligations, it retains the option to invest up to 5% of its holdings in securities with elevated risk, including speculative-grade bonds and unrated debt. Furthermore, SJLD may incorporate cash holdings and a range of fixed- or floating-rate instruments, such as commercial paper, municipal bonds, and government-backed repurchase agreements.