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Rating:A $669B-AUM AM Preps Four Bond ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 3, 2023

A $669B-AUM AM Preps Four Bond ETFs

by: Neil Anderson, Managing Editor

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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