The folks at a 35-year-old, employee-owned, 39-person, $23.9-billion-AUM (as of December 31), institutional asset manager are preparing an ETF for takeoff.
Today, the Eagle Capital Management, LLC
to launch the Eagle Capital Select Equity ETF
(EAGL). The actively managed ETF will be a series of the 2023 ETF Series Trust
and will be advised by New York City-based Eagle, a firm that offers SMAs and a UCIT powered by one strategy
The Eagle team has not yet chosen a principal U.S. listing exchange for EAGL, according to the filing, nor have they hired an independent accounting firm or finalized a total expense ratio for the planned fund. EAGL's management fee is listed as 80 basis points.
EAGL will be powered by a long-only, value equity strategy, and the fund will disclose holdings daily (as most ETFs do). The fund's PM team will include: Ravenel B. Curry, III
, chairman, co-chief investment officer, and co-founder of Eagle; Ravenel B. Curry, IV
, co-CIO; Alec Henry
, managing CIO; and Adrian Meli
The planned fund's other service providers will include: Bank of New York Mellon
as administrator, custodian, dividend disbursing agent, and transfer agent; Foreside Fund Officer Services, LLC
as chief compliance officer provider; Foreside Fund Services, LLC as distributor; Goldman Sachs' GS ETF Accelerator
as ETF launch and operations consultant to Eagle; and Morgan, Lewis & Bockius LLP
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