Jay Hatfield and his team are rolling out their 13-year-old asset manager's sixth ETF. The move comes 11 years after they entered the ETF space, and they now have more than $2.5 billion in ETF AUM.

Jay Don Hatfield Infrastruce Capital Advisors, LLC CEO, President, Co-Founder

Today, Hatfield, president and CEO of Infrastructure Capital Advisors, LLC, profile] unveils the launch of the Infrastructure Capital Bond Income ETF (BNDS on the NYSE Arca, Inc.). New York City-based InfraCap serves as investment advisor to the new, actively managed ETF.

BNDS' inception date is today, and the fund debuts with $5 million in AUM. It comes with an expense ratio of 81 basis points.

Hatfield, co-founder of InfraCap, and Meleney, portfolio manager and director of research, serve as the PM team for BNDS. Hatfield calls active management "essential for successful income investing."

"There continue to be opportunities to find both alpha and compelling income in the fixed income markets. The key however is in knowing where to look," Hatfield states. "Through vigilant risk management, and by focusing on interest rate, credit, and call risks, BNDS is poised to benefit from our active management process."

BNDS is a series of Series Portfolio Trust. The new ETF's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Kirkland & Ellis LLP as counsel; ACA Foreside's Quasar Distributors, LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, fund accountant, and transfer agent; and U.S. Bank, N.A. as custodian and securities lending agent. 

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