Pacific Global ETFs, one of Pacific
Life’s family of funds, announced today the addition of two
income-focused exchange-traded funds (ETFs) to its growing suite of
actively managed, income-focused investment strategies.
The new funds, Pacific Global International Equity Income ETF
(NYSE Arca: IDY) and Pacific Global Focused High Yield ETF (NYSE
Arca: FJNK), are designed to complement Pacific Global ETFs’
flagship fund, Pacific Global US Equity Income ETF (NYSE:
USDY).
“We’re excited about the launch of our income-focused ETFs that
build on the more than 150-year legacy of Pacific Life,” said
Anthony J. Dufault, managing director of Pacific Global ETFs. “We
constructed our ETFs with a focus on addressing investors’ needs
for income-producing strategies, which is especially important with
today’s low interest rates.”
Pacific Global International Equity Income
ETF seeks to provide income and long-term capital growth from
equities primarily in developed countries. The factor-based
investment approach for IDY uses a systematic factor methodology to
target international large-cap stocks that are expected to deliver
attractive dividend yields, capital appreciation and
diversification. IDY’s sub-adviser is Cadence Capital
Management.
Pacific Global Focused High Yield ETF
seeks to provide income and long-term capital growth by investing
in a focused portfolio of liquid, high-yield debt securities. Using
a structured, actively managed approach, FJNK is designed to
outperform its benchmark, while providing liquidity requested by
investors. FJNK’s sub-adviser is Pacific Asset Management.
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 Cadence Capital Management
Cadence Capital Management LLC is a
global equity manager specializing in factor-based, small- and
mid-cap investment strategies. Founded in 1988, Cadence Capital
manages more than $2.3 billion (as of Sept. 30, 2019). We manage
disciplined, systematic portfolios ranging from single-factor
(style) to global multi-factor funds.
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. Client count as of June 2019 is compiled by Pacific
Life using the 2019 Fortune 500® list. Pacific Life Fund Advisors
LLC (PLFA) conducts its fixed income asset management business
under the name Pacific Asset Management. Each of Pacific Global
Advisors LLC, Cadence Capital Management LLC and PLFA are direct or
indirect wholly owned subsidiaries of Pacific Life.
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.
The Funds face numerous market trading risks, including
disruptions to the creation and redemption process, losses from
trading in secondary markets, the existence of extreme market
volatility or potential lack of an active trading market for
Shares, which may result in Shares trading at a significant premium
or discount to net asset value (NAV). The market prices of Shares
will fluctuate in accordance with changes in NAV and supply and
demand on the Exchange. If a shareholder purchases Shares at a time
when the market price is at a premium to the NAV or sells Shares at
a time when the market price is at a discount to the NAV, the
shareholder may sustain losses.
Changes in foreign economies and political climates are more
likely to affect a Fund than a mutual fund that invests exclusively
in U.S. companies. If the Fund invests in securities that trade in,
and receive revenues in, foreign currencies, it will be subject to
the risk that those currencies will decline in value relative to
the U.S. dollar. While a Fund may hold securities of companies that
have historically paid a high dividend yield, those companies may
reduce or discontinue their dividends, reducing the yield of the
Fund. A Fund’s investments in high yield securities or “junk bonds”
are subject to a greater risk of loss of income and principal than
higher grade debt securities. Fixed income securities are subject
to the risk that securities could lose value because of interest
rate changes. A Fund could lose money if the issuer or guarantor of
a debt instrument in which the Fund invests becomes unwilling or
unable to make timely principal and/or interest payments or to
otherwise meet its obligations.
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.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191121005583/en/
Media Contacts Steve Chesterman (949) 219-3242
schesterman@pacificlife.com
Kerry Davis (610) 228-2098 pacificglobal@gregoryfca.com
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