Pacific Global Asset Management announced today the launch of
Pacific Global US Equity Income ETF, a new actively-managed equity
fund focused on income and capital appreciation.
“We see an exciting opportunity to help clients address their
income and growth needs through the simplicity and transparency of
exchange traded funds,” said Head of ETF Product Development,
Anthony J. Dufault. “To accomplish this, we balance the
150-year-old investment expertise of our parent company, Pacific
Life, with a modern and agile approach to building client
investment solutions that stand the test of time.”
Pacific Global US Equity Income ETF (Ticker: USDY), listed on
the NYSE Arca, actively invests in U.S. companies with above
average or improving dividends. “USDY offers investors value and
access to an experienced portfolio management team, making it an
ideal complement to a passively managed dividend strategy.”
Affiliated asset manager Cadence Capital Management, the fund’s
sub-adviser, brings expertise in factor-based equity investing. In
2019, Pacific Global ETFs expects to offer additional equity &
fixed-income focused ETFs, which will enable investors to build
customized investment portfolios tailored to specific income and
capital appreciation investment goals.
For more information about the Pacific Global ETFs, visit:
www.pacificglobaletfs.com.
Pacific Global Asset Management LLC
Pacific Global Asset Management has approximately $16 billion in
assets under management, as of December 31, 2018, across investment
strategies that include fixed income, equity, and alternatives
solutions. Investment teams include Pacific Asset Management,
Cadence Capital Management, Pacific Private Fund Advisors and
Pacific Global Advisors. Core investment strategies include: bank
loans, income funds, high yield, equity solutions, and private
equity. Pacific Global Asset Management LLC is a wholly-owned
subsidiary of Pacific Life Insurance Company (“Pacific Life”).
Cadence Capital Management LLC
Cadence Capital Management is a global equity manager
specializing in factor-based equity investment strategies. Founded
in 1988, Cadence Capital Management manages approximately $2.9
billion of assets, as of December 31, 2018, for institutions, fund
sponsors, family offices, investment platforms, and financial
advisors. Cadence is a wholly-owned subsidiary of Pacific Global
Asset Management LLC, and an indirect subsidiary of Pacific
Life.
Risks and other Important Information
ETF shares are not individually redeemable from the Fund. Shares
may only be redeemed directly from the Fund by Authorized
Participants in creation units only.
Authorized Participant Concentration Risk. The Fund has a
limited number of institutions that act as Authorized Participants.
To the extent that these institutions exit the business or are
unable to proceed with creation and/or redemption orders with
respect to the Fund and no other Authorized Participant is able to
step forward to create or redeem Creation Units, Fund shares may
trade at a discount to NAV and possibly face trading halts and/or
delisting.
The Fund faces numerous market trading risks, including
disruptions to the creation and redemption processes of the Fund,
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 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.
The Fund is subject to limited history of operations risk
since it is a new ETF and has a limited history of operations for
investors to evaluate. The Fund is an actively managed
exchange traded fund (ETF) and, thus, does 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.
While the Fund may hold securities of companies that have
historically paid a high dividend yield, it is subject to
dividend-paying stock risk, as those companies may reduce or
discontinue their dividends, reducing the yield of the Fund. The
net asset value of the Fund will fluctuate based on changes in the
value of the U.S. equity securities held by the Fund. Equity
prices can fall rapidly in response to developments affecting a
specific company or industry, or to changing economic, political or
market conditions. The Fund is subject to issuer risk, as
fund performance depends on the performance of individual
securities that the Fund holds. Changes in the financial condition
or credit rating of an issuer of those securities may cause the
value of the securities to decline. The Fund is also subject to
large capitalization company risk, which is the possibility
that larger, more established companies may be unable to
attain the high growth rates of successful, smaller companies
during periods of economic expansion. Overall market risks
may affect the value of the Fund. Factors such as U.S. economic
growth and market conditions, interest rate levels and political
events affect the securities markets. Sector risk is the
possibility that securities held by the Fund that are within the
same group of industries will decline in price due to
sector-specific market or economic developments. If the Fund
invests more heavily in a particular sector, the value of its
shares may be especially sensitive to factors and economic risks
that specifically affect that sector.
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.
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 fund call (866) 933-2398 or
visit www.pacificglobaletfs.com for the
prospectus/summary prospectus.
Shares of the Fund are distributed by Foreside Fund Services,
LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190212005228/en/
Media Contact:Steve
Chestermanschesterman@pacificlife.com949-219-3243
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