NEWPORT BEACH, Calif .– (COMMERCIAL THREAD) – Pacific Global ETFs today announced the liquidation of its high yield exchange traded fund (ETF), Pacific Global Focused High Yield ETF (NYSE Arca: FJNK).
The board of directors of Pacific Global ETF Trust recently approved the liquidation. FJNK’s last day for trading on the NYSE Arca, Inc. will be July 30, 2021. The last day for acceptance of inception orders by the ETF will be July 19, 2021. Shareholders may sell their holdings on the NYSE until ‘at the close of the market. July 30, 2021, after which FJNK will be delisted. The final distribution to shareholders of the relevant ETF is expected to occur on or around August 5, 2021.
Shareholders can find more information on the Pacific Global Focused High Yield ETF here or call (866) 933-2398.
About Pacific Global ETFs
Established in 2018, Pacific Global ETFs are managed by Pacific Global Advisors LLC, a Pacific Life company, and offer actively managed, income-oriented investment strategies designed to deliver attractive dividend yields and diversification.
About Pacific Asset Management
Pacific Asset Management (PAM) specializes in the management of fixed income investments based on a corporate credit research base. Founded in 2007, PAM manages approximately $ 15.4 billion (as of March 31, 2021). With a focus on corporate credit securities, we seek to help our clients realize the potential of these asset classes to improve portfolio diversification and total return.
About Pacific Life
For over 150 years, Pacific Life has helped millions of individuals and families meet their financial needs through a wide range of life insurance, annuity and mutual fund products, and offers a variety of investment products and services to individuals, businesses and plans. Whether your goal is to protect your loved ones or to grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life has more than half of America’s 100 largest companies as clients and was named one of the World’s Most Ethical Companies in 2021® by the Ethisphere Institute. For more information about the company, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life means Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. The number of clients in June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500® listing. Pacific Global Advisors LLC and Pacific Asset Management LLC are each indirect wholly owned subsidiaries of Pacific Life.
Risks and other important information
ETF shares are not redeemable individually from the Funds. Shares may only be redeemed directly from the Funds by Authorized Participants in creation units only.
The Funds are actively managed ETFs and therefore do not seek to replicate the performance of a specified index. Instead, investment decisions are made on the basis of investment opinions and there is no guarantee that the investment opinions will produce the desired results or expected returns, which may cause a Fund to fail to achieve its investment objective or to underperform its benchmark or funds with investment objectives and strategies.
The Sub-Funds face numerous market trading risks, including disruption in the creation and redemption process, losses resulting from trading on secondary markets, the existence of extreme market volatility or the potential absence of an active trading market for the Shares, which may result in the trading of the Shares at a premium or discount to the net asset value (NAV). Market prices for Shares fluctuate with changes in net asset value and supply and demand on the Stock Exchange. If a shareholder buys shares when the market price is higher than the net asset value or sells shares when the market price is lower than the net asset value, the shareholder may suffer losses.
A Fund’s investments in high yield securities or “junk bonds” are subject to a greater risk of loss of income and capital than higher quality debt securities. Fixed income securities are subject to the risk that the securities will lose value due to changes in interest rates. A Fund may lose money if the issuer or guarantor of a debt instrument in which the Fund invests becomes unwilling or unable to make timely principal and / or interest payments or to meet its obligations.
This does not constitute a recommendation of any investment strategy or product for any particular investor. Investors should consult a financial adviser / financial consultant before making any investment decision.
Before investing, Investors should read the prospectus / simplified prospectus carefully and carefully consider the investment objectives, risks, costs and expenses. For this and more complete fund information call (866) 933-2398 or visit www.pacificglobaletfs.com for the prospectus / summary prospectus.
Shares of the Fund are not insured by the FDIC or any federal government agency, may lose value, and do not constitute a deposit or guarantee by any bank or subsidiary bank.
The funds are distributed by Foreside Fund Services, LLC.