On Wednesday, Advisors Asset Management (AAM) unveiled three new ETFs, all trading now on the NYSE Arca.
Dividend Growth Strategy ETFs
The AAM Brentview Dividend Growth ETF (BDIV) has a net expense ratio of 0.49%. BDIV aims to give investors access to long-term capital appreciation, along with current dividend income.
In order to achieve its investment goals, BDIV invests a majority of its assets towards dividend-paying equity securities. Per the fund prospectus, BDIV seeks to achieve faster dividend growth than the greater market, with a lower portfolio beta and aggregate yield that is either equal to or higher than the S&P 500.
Brentview Investment Management serves as BDIV’s sub-advisor. Using a bottom-up process, Brentview chooses investments for the fund based on operating consistency, good valuation, and robust fundamentals.
For both of the other two AAM funds, Sawgrass Asset Management serves as a sub-advisor. These funds each seek risk-adjusted returns and capital appreciation, along with upside participation and downside protection.
Small and Large Cap Options
A small-cap strategy, the AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) operates with a net expense ratio of 0.55%. Meanwhile, the AAM Sawgrass U.S. Large Cap Quality Growth ETF (SAWG)’s expense ratio sits at 0.49%.
Aside from market caps, SAWS and SAWG utilize similar selection methodologies in order to choose assets. As sub-advisor for both funds, Sawgrass uses a proprietary modeling system to scrutinize companies based on 26 different factors. By doing so, Sawgrass aims to provide a portfolio curated by growth prospects, risk contribution, and other company-specific attributes.
“AAM is proud to launch BDIV, SAWG and SAWS with our partners Brentview and Sawgrass. We are excited to expand our ETF line-up with these exceptional Active Managers who focus on Dividend Growth and Quality Growth strategies, respectively,” said Lance McGray, Managing Director and Head of ETF product at AAM. “Active management matters more than ever and we think the expertise of Brentview and Sawgrass, coupled with the benefits of the ETF wrapper, will allow AAM to continue to offer investors unique solutions to help navigate todays challenging investment backdrop."
AAM now has eight different ETFs listed for trading in the United States. As a whole, these funds represent over $460 million in assets under management.
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