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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