The team at a publicly traded, $669-billion-AUM (as of
September 30) fund firm are preparing to roll out a quartet of actively managed, fixed income ETFs.
| Seth P. Bernstein AllianceBernstein President, CEO | |
Today, folks at
AllianceBernstein [
profile]
filed to launch four funds: the
AB Core Plus Bond ETF (CPLS on the
Nasdaq), the
AB Corporate Bond ETF (EYEG on the Nasdaq), the
AB Tax-Aware Intermediate Muncipal ETF (TAFM on the
NYSE Arca), and the
AB Tax-Aware Long Municipal ETF (TAFL on the NYSE Arca). Per the filing, watch for the new funds to debut sometime next month, as series of
AB Active ETFs, Inc.
The December launches would expand the Nashville, Tennessee-based asset manager's
ETF lineup to 11 funds in total. (The firm
entered the ETF space a year ago.)
TAFL and TAFM will both come with an expense ratio of 28 basis points. Their PM team will include:
Daryl Clements, senior vice president;
Matthew Norton, SVP; and
Andrew Potter, vice president.
EYEG will come with an expense ratio of 30bps. Its PM team will include:
Timothy Kurpis, SVP; and
Bernd Wuebben, SVP.
CPLS will come with an expense ratio of 33bps. Its PM team will include:
Serena Zhou, Wuebben, and Kurpis.
Other service providers to the new ETFs will include:
Ernst & Young LLP as independent accounting firm; ACA's
Foreside Fund Services, LLC as distributor;
Seward & Kissel LLP as counsel; and
State Street Bank and Trust Company as administrator, custodian, dividend disbursing agent, and transfer agent. 
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