Pacific Global ETFs Adds Another Income-Focused Fund to its Lineup
07 Janeiro 2020 - 10:00AM
Business Wire
Pacific Global ETFs, one of Pacific Life’s family of funds,
announced today the addition of a floating-rate loan
exchanged-traded fund (ETF) to its lineup.
Pacific Global Senior Loan ETF (NYSE: FLRT) is an actively
managed fund designed to produce income from floating-rate loans
(also known as senior loans) and floating-rate debt securities.
“We believe that passive management is an inefficient strategy
for floating-rate loan funds,” said Anthony J. Dufault, managing
director of Pacific Global ETFs. “Our experienced team of
fixed-income professionals seeks to add value by carefully
selecting highly liquid, floating-rate loans of
non-investment-grade companies.”
Pacific Global ETFs recently completed the adoption of
AdvisorShares’ Pacific Asset Enhanced Floating Rate ETF.
Shareholders voted to approve its merger and reorganization into
Pacific Global Senior Loan ETF at the end of 2019. The fund’s
existing assets and its nearly four-year track record have
transitioned to Pacific Global Senior Loan ETF. Pacific Asset
Management, which manages over $4.5 billion in floating-rate loan
strategies[1], continues to manage the ETF as its sub-advisor.
For more information about Pacific Global ETFs, visit
www.pacificglobaletfs.com.
About Pacific Global ETFs
Established in 2018, Pacific Global ETFs is managed by Pacific
Global Advisors LLC, a Pacific Life company, and provides actively
managed, income-focused investment strategies designed to deliver
attractive dividend yields, capital growth and diversification.
Pacific Global Advisors pairs the expertise of experienced
portfolio managers with the agility and innovation of a startup,
building on the legacy of Pacific Life, which was founded in
1868.
About Pacific Asset Management
Pacific Asset Management (PAM) specializes in fixed-income
investment management based on a foundation of corporate credit
research. Founded in 2007, PAM manages over $12 billion (as of
Sept. 30, 2019). Through our focus on corporate credit securities,
we seek to help clients realize the potential of these asset
classes to improve portfolio diversification and total return.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of
individuals and families with their financial needs through a wide
range of life insurance products, annuities, and mutual funds, and
offers a variety of investment products and services to
individuals, businesses, and pension plans. Whether your goal is to
protect loved ones or grow your assets for retirement, Pacific Life
offers innovative products and services that provide value and
financial security for current and future generations. Pacific Life
counts more than half of the 100 largest U.S. companies as its
clients and has been named one of the 2019 World’s Most Ethical
Companies® by the Ethisphere Institute. For additional company
information, including current financial strength ratings, visit
www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its
affiliates, including Pacific Life & Annuity Company. Client
count as of June 2019 is compiled by Pacific Life using the 2019
FORTUNE 500® list.
Risks and Other Important Information
ETF shares are not individually redeemable from the Funds.
Shares may only be redeemed directly from the Funds by Authorized
Participants in creation units only.
The Funds are actively managed ETFs and, thus, do not seek to
replicate the performance of a specified index. Instead, investment
decisions are made based on investment views and there is no
guarantee that the investment views will produce the desired
results or expected returns, which may cause the Fund to fail to
meet its investment objective or to underperform its benchmark
index or funds with similar investment objectives and
strategies.
Investing in Funds involves risks, including possible loss of
principal.
Before investing, Investors should carefully read the
prospectus/summary prospectus and carefully consider the Investment
objectives, risks, charges and expenses. For this and more
complete information about the funds call (866) 933-2398 or
visit www.pacificglobaletfs.com for the
prospectus/summary prospectus.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial advisor/financial consultant before making any
investment decisions.
Shares of the Fund are not insured by the FDIC or any federal
government agency, may lose value, and are not a deposit of or
guaranteed by any bank or bank affiliate.
Funds are distributed by Foreside Fund Services, LLC.
[1] As of Nov. 30, 2019
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version on businesswire.com: https://www.businesswire.com/news/home/20200107005203/en/
Steve Chesterman(949) 219-3242schesterman@pacificlife.com
Kerry Davis(610) 228-2098pacificglobal@gregoryfca.com
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