Bear Stearns Active ETF Trust - Bear Sterns Current Yield Fund

As of December 23, 2008, Bear Stearns Active ETF Trust - Bear Sterns Current Yield Fund has gone out of business. The fund is an exchange traded fund launched and managed by Bear Stearns Asset Management, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in short-term debt obligations, including U.S. government securities, bank obligations, corporate debt obligations, mortgage-backed and asset-backed securities, municipal obligations, foreign bank obligations (U.S. dollar denominated), foreign corporate debt obligations (U.S. dollar denominated), repurchase agreements and reverse repurchase agreements with a highest rating for short term investments of A and above and a maturity of 180 days. The fund employs fundamental analysis with bottom-up and top-down approach to create its portfolio. Bear Stearns Active ETF Trust - Bear Sterns Current Yield Fund was formed on March 13, 2008 and is domiciled in the United States.