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Morgan Stanley Investment Management Launches Eaton Vance Preferred Securities and Income ETF

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  • Morgan Stanley Investment Management (MSIM) launched the Eaton Vance Preferred Securities and Income ETF (NASDAQ: EVPF), an actively managed fixed income fund seeking total return and current income.
  • EVPF represents the 12th actively managed fixed income ETF & the 19th ETF strategy introduced since the MSIM ETF platform began in 2023.
  • The fund employs a flexible, research-driven strategy focusing on predominantly investment-grade preferred securities & other income-producing assets to enhance diversification & deliver tax-advantaged yields.
  • EVPF features a team of portfolio managers led by Kevin Lynyak, James Benadum, Christopher Santos, Justin Ziegler, Alec Schaefer, & Brandon Matsui.
  • The fund carries a gross expense ratio of 0.39% & a net expense ratio of 0.20% due to a temporary voluntary fee waiver.
  • The voluntary fee waiver will remain effective through June 30, 2026, & may be discontinued by the Adviser at any time prior to that date.
  • MSIM's active fixed income ETF lineup now includes 12 specific products, with the platform totaling 19 ETFs including five Calvert-branded & three Parametric-branded funds.
  • Kevin Lynyak cited moderating inflation & anticipated Federal Reserve easing as key factors supporting a constructive outlook for the preferred securities asset class in the second quarter of 2026.
  • The fund invests more than 25% of its assets in the financial services sector & carries risks related to interest rates, liquidity, credit, & specific security types such as contingent convertible securities.
  • MSIM reported over $1.9 trillion in assets under management or supervision as of December 31, 2025.