MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 12, 2024 Morris Shifts a $358MM-AUM Suite The folks at a $16-billion-AUMA fund firm in the Mid-Atlantic are moving an 11-month-old, $357.73-million-AUM suite of passive ETFs to the same place as 11 of their other funds.
As of yesterday (December 11), ZTEN had $60.87 million in AUM, ZTRE had $149.59 million, and ZTWO had $147.27 million. They each come with expense ratios of 15 basis points. The planned move will bring ZTWO, ZTRE, and ZTEN onto the same exchange that has always been the principal listing place for 11 other F/m ETFs. (That includes F/m's flagship US Benchmark Series, which debuted on Nasdaq in 2022 and now includes 10 ETFs with a combined $6.08193 billion in AUM.) Morris lauds Nasdaq as "the right home" for these F/m ETFs. "Nasdaq has consistently demonstrated its value as a reliable and innovative partner for issuers," Morris states. "Partnering with Nasdaq to list the US Credit series further enhances the visibility and accessibility of these funds for investors." F/m's North Slope Capital, LLC serves as investment advisor to ZTEN, ZTRE, and ZTWO, and ICE Data Services serves as index provider. ZTWO is designed to track the ICE 2-Year US Target Maturity Corporate Index, ZTRE tracks the ICE 3-Year US Target Maturity Corporate Index, and ZTEN tracks the ICE 10-Year US Target Maturity Corporate Index. Since inception, ZTEN, ZTRE, and ZTWO have all had the same PM team. That team includes: John Han, portfolio manager at F/m's Oakhurst Capital Management, LLC; Justin Hennessy, senior PM at F/m's Genoa Asset Management, LLC; and Marcin Zdunek, director of trading and assistant PM at North Slope. ZTWO, ZTRE, and ZTEN are all series of the RBB Fund, Inc.. The three ETFs' other service providers include: Cohen & Company, Ltd. as independent accounting firm; Faegre Drinker Biddle & Reath LLP as counsel; ACA Foreside's Quasar Distributors, LLC as distributor and underwriter; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, and transfer agent; and U.S. Bank, N.A. as custodian and securities lending agent. Printed from: MFWire.com/story.asp?s=68282 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
