Stonebridge Advisors LLC serves as FPE’s sub-advisor and manages the portfolio.
“We believe that preferred securities are an important component of a well-diversified portfolio,” Scott Fleming, President and Chief Investment Officer of Stonebridge, said in the press release. “This Fund’s structure as an actively managed ETF gives us the opportunity to manage the Fund not only to seek income and total return, but to react to market conditions and work to safeguard capital during changes in the market, especially if interest rates start to rise.”
Specifically, their disciplined approach promises to factor in relative yield, credit quality, capital structure, liquidity, market conditions, interest rate environment, credit ratings, credit fundamentals and security characteristics.
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Max Chen contributed to this article.