Raymond James Investment Management Launches Its First 3 ETFs

“These listings represent the foundation for a growing, tailored ETF platform that will complement Raymond James Investment Management’s existing family of mutual funds, separately managed accounts, CITs, UCITS, and institutional mandates,” Matt Johnson, RJIM's product and marketing head, said in a statement.

The suite comprises:

• RJ Eagle Vertical Income ETF (RJVI): A core fixed income alternative that seeks to deliver diversified income and long-term capital appreciation through a flexible, multi-asset approach. It allocates mostly to investment-grade fixed income enhanced by preferred equity and dividend-paying equity securities. Expense ratio: 0.50%
• RJ Eagle GCM Dividend Select Income ETF (RJDI): This U.S. large-cap equity focuses on generating income and growth through high-quality companies with strong fundamentals and shareholder-friendly capital return policies. It allocates to dividend-paying U.S. large-cap equities, with flexibility to invest across market caps and selectively in higher-yielding securities. Expense ratio: 0.50%
• RJ Eagle Municipal Income ETF (RJMI): An actively managed municipal fixed income ETF that seeks to provide consistent, tax-advantaged income along with long-term capital appreciation. The fund primarily allocates to intermediate and long-term municipal fixed income bonds. Expense ratio: 0.40%

“We’re proud of our entry into the ETF space and constructed each of our inaugural ETFs to serve as a core holding in a client portfolio, or to fit as a dedicated allocation in a diversified model portfolio," Johan Grahn, RJIM's ETFs head, said in the statement. "The versatility and tradability of our ETFs make the portfolio implementation process simple.”