The team at a 1,400-employee, $1.9-trillion-AUMS* asset manager is rolling out their 19th exchange-traded fund.

Allyson Elizabeth "Ally" Wallace Morgan Stanley Investment Management, Inc. Managing Director, Global Head of Capital Markets and ETF Strategy

Last Thursday (March 5), Ally Wallace, global head of capital markets and ETF strategy at Morgan Stanley Investment Management, Inc. [profile], and Kevin Lynak, managing director and portfolio manager for taxable strategies, unveiled the launch of the Eaton Vance Preferred Securities and Income ETF (EVPF on the Nasdaq). New York City-based MSIM serves as investment advisor to the new ETF.

EVPF's inception date was last Tuesday (March 3), and the new fund comes with an expense ratio of 39 basis points. The new ETF now has about $10 million in AUM**.

A six-person team PMs EVPF. Those PMs include:

James Benadum, executive director, PM with the fixed income managed solutions team;

Brandon Matsui, executive director, head of fixed income ETF portfolio management and capital markets;

Christopher Santos, executive director, PM, research analyst on the broad markets fixed income team;

Alec Schaefer, vice president, portfolio analyst on the broad markets fixed income team;

Justin Ziegler, executive director, credit research analyst on the broad markets fixed income team;

and Lynak himself.

The launch of EVPF expands MSIM's fixed income ETF lineup to 12 funds in total. 10 of those funds are under MSIM's Eaton Vance brand.

Wallace describes EVPF as being powered by "a unique, actively managed fixed income strategy that expands the range of investment options available."

"This latest offering is another example of our commitment to enhancing our ETF platform by tapping into MSIM’s broad and distinct investment capabilities," Wallace states. "With EVPF, we continue to position our ETF platform as a destination for investors seeking differentiated, active fixed income strategies delivered with the transparency, liquidity and tax efficiency of an ETF."

Lynak puts the launch of EVPF in the context of "moderating inflation and anticipated gradual Fed easing."

"The structural complexity and relative inefficiency of the preferred securities market creates opportunities for our fundamental, research-driven team to evaluate opportunities that may position us to seek tax-advantaged, income- generating opportunities for investors," Lynak states.

EVPF is an actively managed series of the Morgan Stanley ETF Trust. The new fund's other service providers include:

Dechert LLP as counsel;

Ernst & Young LLP as independent accounting firm;

ACA's Foreside Fund Services, LLC as distributor and principal underwriter; and

JPMorgan Chase Bank N.A. as administrator, custodian, dividend disbursing agent, securities lending agent, and transfer agent.

*As of December 31, 2025.

**As of March 6, 2026 (last Friday). 

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