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, April 4, 2024 A $65B-AUM AM's Team Winds Down a 6-Year-Old ETF The team at a $65-billion-AUM ETF shop is preparing to wind down a bond fund shortly after the fund's sixth birthday next month.
SPXB's inception date was May 1, 2018, and it has an expense ratio of 15 basis points. The passively managed ETF is a series of ProShares Trust and now has a little more than $9 million in AUM, according to ETF.com and Morningstar. Bethesda, Maryland-based ProShare Advisors serves as SPXB's investment advisor, and S&P Dow Jones Indices LLC serves as index provider. The fund's PM team includes senior portfolio manager Alexander Ilyasov (who has PMed the fund since April 2019) and PM James Linneman (who has PMed the fund since March 2022). SPXB is designed to track the S&P 500/Market Axess Investment Grade Corporate Bond Index. That index, in turn, tracks investment grade bonds issued by companies in the S&P 500 stock index. The liquidating ETF's other service providers include: Citi Fund Services Ohio, Inc. as regulatory administration services provider; JPMorgan Chase Bank, N.A. as administrator, custodian, and index receipt agent; and SEI Investments Distribution Co. as distributor. Printed from: MFWire.com/story.asp?s=67246 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
