Core Insights - Advisors Asset Management (AAM) announced that its AAM Low Duration Preferred & Income Securities ETF (PFLD) has surpassed $500 million in assets under management (AUM) [1][3][4] Company Overview - AAM is a leading investment solutions provider with 45 years of experience, offering a range of investment products including alternatives, ETFs, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts [5] - AAM is part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life [5] Product Details - PFLD is the only low duration preferred ETF in the industry, targeting preferred securities that historically provide higher yields than similarly rated bonds, thus diversifying income streams [2][3] - The ETF aims to generate attractive monthly income, increase portfolio diversification, and reduce the impact of interest rate changes by tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index (PHLD) [3] Market Positioning - The achievement of surpassing $500 million in AUM reflects the demand for intelligent investment approaches in the preferred stock market, particularly amid concerns related to interest rates and inflation [3][4] - PFLD offers a combination of high tax-efficient income and minimal interest rate risk, making it a valuable tool for income-focused investors in uncertain rate environments [3] Sales and Investments - For the year ending December 31, 2024, AAM facilitated over $32 billion in combined sales and investments through 15,300 financial professionals, with approximately $7 billion in ETF, Managed Account, Mutual Fund, and Unit Investment Trust assets, and $25 billion in Fixed Income securities [6]
AAM Low Duration Preferred & Income Securities ETF Eclipses $500 Million AUM Milestone