AAM Low Duration Preferred & Income Securities ETF Eclipses $500 Million AUM Milestone

Rhea-AI Summary

AAM Low Duration Preferred & Income Securities ETF (NYSE: PFLD) has surpassed $500 million in assets under management. As the industry's only low duration preferred ETF, PFLD targets preferred securities offering higher yields than similarly rated bonds, providing portfolio diversification opportunities.

Launched in 2019, PFLD aims to generate attractive monthly income while minimizing interest rate risk by tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The fund's strategy focuses on providing tax-efficient income and stability through low-duration preferred securities, particularly valuable in uncertain rate environments.

Positive

• Achieved significant milestone of $500 million AUM
• Unique market position as the only low duration preferred ETF
• Offers higher yields compared to similarly rated bonds
• Provides tax-efficient monthly income

Negative

• None.

News Market Reaction

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-0.05% News Effect

On the day this news was published, PFLD declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MONUMENT, Colo., Feb. 19, 2025 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider, announced today that its AAM Low Duration Preferred & Income Securities ETF (NYSE: PFLD) has surpassed $500 million in assets under management (AUM).

PFLD, the industry's only low duration preferred exchange traded fund (ETF), targets preferred securities that have historically offered higher yields than similarly rated bonds thus providing a solution to diversify income streams. Low-duration preferred securities offer the potential for strong monthly income while helping to manage interest rate and other investment risks.

"This milestone is a testament to PFLD's unique positioning and its ability to help financial professionals achieve their financial goals," said Lance McGray, Managing Director and Head of ETF Product at AAM. "Amid concerns related to interest rates and inflation, low duration preferreds provide a combination of high tax-efficient income and minimal interest rate risk. This combination of yield, stability, and lower duration exposure can be a valuable tool for income-focused investors in an uncertain rate environment."

Launched in 2019, PFLD seeks to generate attractive monthly income, increase portfolio diversification, and reduce the impact of interest rate changes by tracking the total return performance of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index (PHLD).

"We take great pride in PFLD, a first-of-its-kind ETF, achieving this milestone as it reflects investors' demand for an intelligent approach to investing in the preferred stock market. We remain committed to our shareholders and look forward to pioneering new opportunities in the ETF space," added McGray.

About Advisors Asset Management
For 45 years, AAM has been a trusted resource for financial advisors and broker/dealers. The firm offers access to alternatives, exchange-traded funds, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information, visit www.aamlive.com.

For the one-year ending December 31, 2024, AAM facilitated over $32 billion in combined sales and investments through 15,300 financial professionals industry-wide who accessed AAM's investment solutions platform.*

*Of the $32 billion, approximately $7 billion were Exchange-Traded Fund (ETF), Managed Account (SMA), Mutual Fund, and Unit Investment Trust (UIT) assets, while $25 billion was in Fixed Income securities, including bonds and Structured Products.

The fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the investment company, and it may be obtained by calling 800.617.0004 or visiting www.aamlive.com. Read it carefully before investing.

Investing involves risk; Principal loss is possible.

The value of a company's preferred stock will react more strongly than bonds and other debt to actual or perceived changes in the company's financial condition Preferred stock is subject to the risks that a company may defer or not pay dividends, and, in certain situations, may call or redeem its preferred stock or convert it to common stock. During periods of falling interest rates, an issuer of a callable security held by the Fund may "call" or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds at lower interest rates. Investments in small and mid-cap companies may involve less liquidity and greater volatility than larger companies.

Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC. Registration does not imply a certain level of skill or training. | 18925 Base Camp Road | Monument, CO 80132

AAM ETFs are distributed by Quasar Distributors, LLC. AAM and Quasar are not affiliated.

For more information, visit www.aamlive.com | X (Twitter): @aamlive | LinkedIn: https://www.linkedin.com/company/advisors-asset-management-inc-/

CRN: 2025-0211-12317 R

CONTACT:

Matthew Bono
JConnelly
(973) 590-9110
mbono@jconnelly.com

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SOURCE Advisors Asset Management

FAQ

What milestone did AAM's PFLD ETF reach in February 2025?

AAM's PFLD ETF surpassed $500 million in assets under management in February 2025.

When was the PFLD ETF launched and what index does it track?

PFLD was launched in 2019 and tracks the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index.

What makes PFLD unique in the ETF market?

PFLD is the industry's only low duration preferred ETF, offering higher yields than similarly rated bonds with minimal interest rate risk.

What are the key benefits of investing in PFLD?

PFLD offers tax-efficient monthly income, portfolio diversification, reduced interest rate risk, and stability through low-duration preferred securities.