Lazard Hybrid Financial Income ETF is an actively managed exchange-traded fund that seeks maximum total return through a combination of capital appreciation and current income. The fund invests primarily in hybrid securities issued by companies in the financial sector, including preferred securities, contingent convertible bonds (CoCos), capital securities, and subordinated debt. Its portfolio focuses on financial institutions and businesses involved in banking, financial services, consumer finance, capital markets, insurance, financial exchanges, and mortgage REITs.