Strive Launches Actively Managed Fixed Income Funds That Prioritize Maximizing Shareholder Value
11 8월 2023 - 9:00PM
Business Wire
Strive, an asset management firm on a mission to maximize
shareholder value by leading companies to focus on excellence, is
proud to announce the launch of its first actively managed fixed
income funds – the Strive Total Return Bond ETF (STXT) and the
Strive Enhanced Income Short Maturity ETF (BUXX). These strategic
additions to Strive's suite of offerings aim to provide investors
with essential core choices to construct robust portfolios that
prioritize financial performance.
- The Strive Total Return Bond ETF (STXT) is an actively managed
bond fund that provides core fixed income exposure seeking to
maximize total return over a full market cycle.
- The Strive Enhanced Income Short Maturity ETF (BUXX) is an
actively managed ultrashort bond fund with a duration of one year
or less seeking to provide enhanced income while minimizing price
volatility.
Both funds will be managed by Strive's CEO & CIO, Matt Cole,
who previously oversaw more than $70 billion in actively managed
Fixed Income portfolios at CalPERS. During his 16-year tenure with
the largest public pension fund in the U.S., Matt’s portfolios
consistently outperformed benchmarks, showcasing exceptional
performance. To assist with security selection, Strive has
strategically partnered with Angel Oak Capital Advisors to
sub-advise the funds. Angel Oak's expertise in the alternative
credit space helps ensure a strong foundation for potential
investment success and performance of the funds.
The launch of these funds comes at a time when the investment
community is increasingly aware of the implications of
Environmental, Social, and Governance (ESG) factors on fixed income
investments. The Federal Reserve's estimation that dollar and euro
denominated green corporate bonds may offer lower yields than
conventional bonds underscores the importance optimizing investor
returns over meeting arbitrary ESG standards.1
“Strive recognizes the significance of these trends and remains
committed to prioritizing superior financial performance without
consideration of non-pecuniary factors,” said Cole. “Our new fixed
income funds are a testament to Strive's unwavering dedication to
helping investors achieve their financial goals. Through these
offerings, we aim to provide solutions that align with investors'
objectives."
Investors interested in learning more about the Strive Total
Return Bond ETF (STXT) and the Strive Enhanced Income Short
Maturity ETF (BUXX) can find additional information at
www.strivefunds.com.
- The Green Corporate Bond Issuance Premium - Federal Reserve
Board, www.federalreserve.gov/econres/ifdp/files/ifdp1346.pdf.
About Strive: Strive is an Ohio-based asset management firm
whose mission is to maximize shareholder value by leading companies
to focus on excellence. Strive competes directly with the world’s
largest asset managers by offering funds that advance excellence in
boardrooms across corporate America. The company was co-founded by
Vivek Ramaswamy and Anson Frericks in 2022. Learn more at
www.strive.com.
IMPORTANT INFORMATION:
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 855-427-7360 or visit our website at
www.strivefunds.com. Read the prospectus or summary
prospectus carefully before investing.
Investments involve risk. Principal loss is possible.
Investments in fixed-income securities are subject to but not
limited to the following risks: Interest Rate Risk: As
interest rates rise, bond prices fall and vice versa, long-term
securities tend to rise and fall more than short-term securities.
Credit Risk: The financial condition of an issuer of a debt
security or other instrument may cause such issuer to default,
become unable to pay interest or principal.
Specific risks for STXT and BUXX can be found here.
The Strive ETFs are distributed by Quasar Distributors, LLC.
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