ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Pacific Global Launches Pair of Income-Focused ETFs
News
Share

Pacific Global Launches Pair of Income-Focused ETFs

Aaron NeuwirthOct 24, 2019
2019-10-24

Pacific Global ETFs launched two new funds on Thursday with the goal of seeking income and long-term growth of capital. They are the Pacific Global International Equity Income ETF (IDY) and the Pacific Global Focused High Yield ETF (FJNK).

IDY’s Emphasis on Growing Dividends

When selecting portfolio companies for IDY, sub-adviser Cadence Capital Management LLC emphasizes companies that have a history of paying and/or growing dividends. Cadence Capital Management may sell a security when it no longer meet its investment criteria.

Under normal circumstances, the fund seeks to achieve their investment objective by investing in common stocks of international companies in developed countries outside of the U.S. that have above-average dividend yields. The fund primarily invests in common stocks of large and mid-capitalization companies (i.e., companies with capitalization of at least $2 billion).

Under normal circumstances, IDY invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in equity securities, including common stock, ADRs and GDRs, of international companies that pay regular dividends.

In making investment decisions for IDY, Cadence Capital Management considers dividend-paying companies in the MSCI EAFE Index and stocks of companies similar to those in the MSCI EAFE Index. Cadence Capital uses a rules-based approach that selects the stocks in this universe based on dividend-paying criteria and financial quality characteristics.

Cadence Capital Management weights IDY’s portfolio based on the adjusted market capitalization of each portfolio security where the maximum individual security weight at portfolio creation or rebalancing is capped at 2.5%. Modifications to constituent weights, including the maximum position size, may be included in order to help achieve risk, return, or portfolio objectives.

Generally, the fund will hold between 200-450 securities. Each of the consumer discretionary, consumer staples, financial services, health care, industrial, information technology, and real estate sectors may represent a significant portion of its investment portfolio.

J. Paul Dokas, CFA Senior Portfolio Manager and Managing Director of Cadence Capital Management, and Robert E. Ginsberg, CFA Senior Portfolio Manager and Managing Director of Cadence Capital Management, are the primary persons responsible for the day-to-day management of the fund and have served as the Sub-Adviser’s portfolio managers for the fund since its inception.

Cadence Capital Management employs an “active management” investment strategy in seeking to achieve the Fund’s investment objective. The portfolio will be reconstituted and rebalanced quarterly, if necessary. Rebalancing frequency may be modified based on periodic and systematic portfolio review.


Content continues below advertisement

Looking Under the Hood of FJNK

Pacific Asset Management is the sub-adviser for FJNK. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in high yield debt securities. The fund is expected to invest primarily in securities that are, at the time of purchase, rated below investment grade (i.e., high yield securities, sometimes called “junk bonds” or non-investment grade securities) or, if unrated, of comparable quality as determined by Pacific Asset Management. Debt securities in which the Fund invests focus on U.S. dollar denominated corporate bonds of domestic and foreign issuers.

FJNK is actively managed. In pursuing its investment objective, it seeks to outperform the Bloomberg Barclays US High Yield Very Liquid Index (the “Benchmark Index”).

Individual security selection is generally based on Pacific Asset Management’s fundamental research process. Decisions to sell are generally based on the Pacific Asset Management’s belief that the particular investment has achieved its valuation target, there have been changes in the fundamentals of the issuer, or another opportunity of greater relative value exists.

On a day-to-day basis, the FJNK may hold money market instruments, cash, other cash equivalents, and exchange traded products (“ETPs”) that invest in these and other highly liquid instruments.

More Information on FJNK and IDY can be found at the Pacific Global ETFs website. This article originally appeared on ETF Trends.

» Popular Pages

  • Tickers
  • Articles

Feb 03

Impressive First ETF Year From Capital Group

Feb 03

3 Long-Term Trends Boost Outlook for These ETFs

Feb 03

Famous Investor Says Bitcoin Has $1 Million Potential

Feb 03

3D Printing ETF PRNT Accesses $500 Billion Opportunity

Feb 03

Parent S&P 500 Beaten by Equal Weight in January

Feb 03

This ETF May Be Propelled by Sustainable Bond Issuance

Feb 02

A Value Manager’s Perspective on an Early Pivot

Feb 02

The Metaverse

Feb 02

ETF of the Week: Invesco S&P 500® Equal Weight ETF

Feb 02

Stepping Into the ETF Business? Think Twice

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X