Pacific Global ETFs Adds Another Income-Focused Fund to its Lineup
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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