Rareview Total Return Bond ETF is an actively managed exchange-traded fund that seeks total return through a diversified portfolio of fixed-income securities. The fund invests principally in corporate debt securities; U.S. Treasury securities; securities issued or guaranteed by U.S. government agencies; mortgage-related and asset-backed securities; municipal bonds; foreign debt securities, including emerging-market debt; and other fixed-income instruments across varying maturities, credit qualities and geographic markets. Under normal market conditions, it invests at least 80% of net assets, plus borrowings for investment purposes, in bonds. The fund may allocate up to 35% of assets to high-yield securities, up to 25% to foreign debt securities and up to 20% to emerging-market securities. It may also invest in affiliated exchange-traded funds and money-market products, including the Rareview Dynamic Fixed Income ETF and Rareview Government Money Market ETF, as well as third-party fixed-income ETFs. The fund is non-indexed and is designed for investors seeking broad, actively managed core-plus bond-market exposure. Rareview Total Return Bond ETF commenced operations in 2024 and trades in the United States under the ticker RTRE. It is advised by Rareview Capital LLC, a Las Vegas, Nevada-based investment adviser. Recent portfolio developments include continued allocations to Rareview’s affiliated fixed-income and government money-market ETFs alongside U.S. Treasury, agency mortgage-backed, corporate, securitized, municipal and international bond exposures, reflecting the fund’s ongoing expansion of its actively managed multi-sector fixed-income strategy.