FJNK
chart-icon-white Pacific Global Focused High Yield ETF

PACIFIC GLOBAL
FOCUSED HIGH YIELD ETF

TICKER: FJNK

OVERVIEW

Fund Information
The Pacific Global Focused High Yield ETF seeks to provide income and long-term capital growth by investing in a focused portfolio of liquid, high-yield debt securities. Using a structured, actively managed approach, FJNK is designed to outperform its benchmark while providing liquidity sought by investors.

Benchmark
Bloomberg Barclays US
High Yield Very Liquid Index
Inception Date
10/24/19
Management Style
Active
CUSIP
69434K205
Total Expense Ratio
0.39%
Asset Class
Fixed Income
Exchange
NYSE Arca
Adviser
Pacific Global Advisors LLC
Sub-Advisor
Pacific Asset Management
Benchmark
Bloomberg Barclays US High Yield Very Liquid Index
CUSIP
69434K205
Exchange
NYSE Arca
Inception Date
10/24/19
Total Expense Ratio
0.39%
Adviser
Pacific Global Advisors LLC
Management Style
Fixed Income
Asset Class
Equity
Sub-Advisor
Pacific Asset Management
TICKER: FJNK
PERFORMANCE
Price and Yield (as of 12/04/2019)
NAV
$24.96
Market Closing Price
$24.98
30 Day SEC Yield (as of 11/30/2019)
Premium/Discount
0.07%

Month-End Returns (as of 11/30/2019)

Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
10/24/19
FJNK NAV
0.38
FJNK MKT
0.48
Quarter-End Returns (as of 9/30/2019)
Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
10/24/19
FJNK NAV
FJNK MKT
Disclaimer
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Returns less than one year are not annualized.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the Fund.

You may incur brokerage commissions when buying and selling shares on an exchange or through your financial intermediary, which may reduce returns. Market returns are based upon the closing price or the midpoint of the bid/ask spread, as applicable, at the time when the Fund’s NAV is determined (normally 4:00 p.m. Eastern time), and do not represent the returns you would receive if you traded shares at other times. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

30 Day SEC Yield is an annualization of the Fund’s total net investment income per share for the 30-day period.
TICKER: FJNK
HOLDINGS
TOP 10 HOLDINGS (AS OF 12/05/2019)
Security Name
Shares
Weightings
Cash & Other
1457567.20
5.31%
CENTURYLINK INC 7.5% 04/01/2024
500000.00
2.06%
ALLY FINL INC 5.75% 11/20/2025
500000.00
2.02%
CLEAR CHANNEL WW HLDGS INC 9.25% 02/15/2024
500000.00
2.01%
HOWARD HUGHES CORP 5.375% 03/15/2025
525000.00
1.99%
SPRINT CORPORATION 7.625% 03/01/2026
500000.00
1.98%
TRANSDIGM INC 6.25% 03/15/2026
500000.00
1.96%
HCA INC 5.625% 09/01/2028
475000.00
1.96%
CEDAR FAIR L P / CANADAS WONDE SR GLBL 144A 29 5.25% 07/15/2029
500000.00
1.95%
CSC HLDGS INC 6.5% 02/01/2029
450000.00
1.83%
Security Name
Shares
Weightings
Cash & Other
1457567.20
5.31%
CENTURYLINK INC 7.5% 04/01/2024
500000.00
2.06%
ALLY FINL INC 5.75% 11/20/2025
500000.00
2.02%
CLEAR CHANNEL WW HLDGS INC 9.25% 02/15/2024
500000.00
2.01%
HOWARD HUGHES CORP 5.375% 03/15/2025
525000.00
1.99%
SPRINT CORPORATION 7.625% 03/01/2026
500000.00
1.98%
TRANSDIGM INC 6.25% 03/15/2026
500000.00
1.96%
HCA INC 5.625% 09/01/2028
475000.00
1.96%
CEDAR FAIR L P / CANADAS WONDE SR GLBL 144A 29 5.25% 07/15/2029
500000.00
1.95%
CSC HLDGS INC 6.5% 02/01/2029
450000.00
1.83%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlag
12/05/2019FJNKCash&OtherCash&OtherCash & Other1457567.201.0000001457567.205.31%27460070.00110000011Y
12/05/2019FJNK156700BA3156700BA3CENTURYLINK INC 7.5% 04/01/2024500000.00113.000000565000.002.06%27460070.00110000011
12/05/2019FJNK02005NBF602005NBF6ALLY FINL INC 5.75% 11/20/2025500000.00110.820000554100.002.02%27460070.00110000011
12/05/2019FJNK18451QAN818451QAN8CLEAR CHANNEL WW HLDGS INC 9.25% 02/15/2024500000.00110.250000551250.002.01%27460070.00110000011
12/05/2019FJNK44267DAB344267DAB3HOWARD HUGHES CORP 5.375% 03/15/2025525000.00103.999000545994.751.99%27460070.00110000011
12/05/2019FJNK85207UAK185207UAK1SPRINT CORPORATION 7.625% 03/01/2026500000.00108.752500543762.501.98%27460070.00110000011
12/05/2019FJNK893647BE6893647BE6TRANSDIGM INC 6.25% 03/15/2026500000.00107.562400537812.001.96%27460070.00110000011
12/05/2019FJNK404121AJ4404121AJ4HCA INC 5.625% 09/01/2028475000.00113.252500537949.381.96%27460070.00110000011
12/05/2019FJNK150190AC0150190AC0CEDAR FAIR L P / CANADAS WONDE SR GLBL 144A 29 5.25% 07/15/2029500000.00107.252250536261.251.95%27460070.00110000011
12/05/2019FJNK126307AZ0126307AZ0CSC HLDGS INC 6.5% 02/01/2029450000.00111.812500503156.251.83%27460070.00110000011
12/05/2019FJNK91831AAC591831AAC5VRX ESCROW CORP 6.125% 04/15/2025475000.00104.125000494593.751.80%27460070.00110000011
12/05/2019FJNK25277LAC025277LAC0DIAMOND SPORTS GROUP LLC / DIA SR SEC GLBL 27 6.625% 08/15/2027525000.0092.877500487606.881.78%27460070.00110000011
12/05/2019FJNK87612BBJ087612BBJ0TARGA RES PARTNERS / TARGA RES SR GLBL NT 26 5.875% 04/15/2026450000.00105.312400473905.801.73%27460070.00110000011
12/05/2019FJNK85172FAP485172FAP4SPRINGLEAF FINANCE CORPORATION SR GLBL NT 24 6.125% 03/15/2024400000.00109.872000439488.001.60%27460070.00110000011
12/05/2019FJNK67054KAA767054KAA7NUMERICABLE GROUP SA 7.375% 05/01/2026400000.00107.002500428010.001.56%27460070.00110000011
12/05/2019FJNK12652AAA112652AAA1CRC ESCROW ISSUER LLC / CRC FI SR GLBL 144A 25 5.25% 10/15/2025400000.00103.000000412000.001.50%27460070.00110000011
12/05/2019FJNK08576PAA908576PAA9BERRY GLOBAL INC 4.5% 02/15/2026400000.00101.377500405510.001.48%27460070.00110000011
12/05/2019FJNK103304BM2103304BM2BOYD GAMING CORP 6.375% 04/01/2026375000.00106.982250401183.441.46%27460070.00110000011
12/05/2019FJNK92840VAB892840VAB8VISTRA OPERATIONS CO LLC 5.625% 02/15/2027375000.00105.107250394152.191.44%27460070.00110000011
12/05/2019FJNK853496AD9853496AD9STANDARD INDS INC 4.75% 01/15/2028375000.00103.232250387120.941.41%27460070.00110000011
12/05/2019FJNK29336UAE729336UAE7ENLINK MIDSTREAM PARTNERS LP SR NT 4.15% 25 4.15% 06/01/2025425000.0088.001000374004.251.36%27460070.00110000011
12/05/2019FJNK1248EPBX01248EPBX0CCO HLDGS LLC / CCO HLDGS CAP SR GLBL 144A 28 5% 02/01/2028350000.00104.652500366283.751.33%27460070.00110000011
12/05/2019FJNK88033GCN888033GCN8TENET HEALTHCARE CORP 6.75% 06/15/2023325000.00109.375000355468.751.29%27460070.00110000011
12/05/2019FJNK69867DAA669867DAA6PANTHER BF AGGREGATOR 2 LP / P SR SEC GLBL 26 6.25% 05/15/2026325000.00106.687400346734.051.26%27460070.00110000011
12/05/2019FJNK92769XAM792769XAM7VIRGIN MEDIA SECD FIN PLC 5.5% 08/15/2026325000.00104.732250340379.811.24%27460070.00110000011
12/05/2019FJNK69007TAB069007TAB0OUTFRONT MEDIA CAP / OUTFRONT SR GLBL 144A 27 5% 08/15/2027325000.00104.422750339373.941.24%27460070.00110000011
12/05/2019FJNK46284VAE146284VAE1IRON MTN INC NEW 5.25% 03/15/2028325000.00104.736250340392.811.24%27460070.00110000011
12/05/2019FJNK31740LAC731740LAC7FINANCIAL & RISK US HLDGS INC 8.25% 26 8.25% 11/15/2026300000.00112.502500337507.501.23%27460070.00110000011
12/05/2019FJNK38113YAE938113YAE9GOLDEN NUGGET INC 6.75% 10/15/2024325000.00103.874000337590.501.23%27460070.00110000011
12/05/2019FJNK16412XAG016412XAG0CHENIERE CORPUS CHRISTI HLDGS SR SEC NT 27 5.125% 06/30/2027300000.00109.614500328843.501.20%27460070.00110000011
12/05/2019FJNK008674AH6008674AH6AHERN RENTALS INC 7.375% 05/15/2023400000.0078.291500313166.001.14%27460070.00110000011
12/05/2019FJNK26959XAA126959XAA1EAGLE HOLDING CO. II LLC 7.625% 05/15/2022300000.00101.499300304497.901.11%27460070.00110000011
12/05/2019FJNK911365BK9911365BK9UNITED RENTALS NORTH AMER INC SR GLBL NT6.5% 26 6.5% 12/15/2026275000.00109.732250301763.691.10%27460070.00110000011
12/05/2019FJNK06738EAP006738EAP0BARCLAYS PLC 5.2% 05/12/2026275000.00109.054500299899.881.09%27460070.00110000011
12/05/2019FJNK46650CAA746650CAA7JBS INVTS II GMBH 7% 01/15/2026275000.00108.490000298347.501.09%27460070.00110000011
12/05/2019FJNK013822AB7013822AB7ALCOA NEDERLAND HLDG B V 7% 09/30/2026275000.00108.357250297982.441.09%27460070.00110000011
12/05/2019FJNK20337YAA520337YAA5COMMSCOPE HLDG CO INC 6% 06/15/2025300000.0097.500000292500.001.07%27460070.00110000011
12/05/2019FJNK577081BB7577081BB7MATTEL INC 6.75% 12/31/2025275000.00105.370500289768.881.06%27460070.00110000011
12/05/2019FJNK126307AS6126307AS6CSC HLDGS INC 5.375% 02/01/2028275000.00105.767750290861.311.06%27460070.00110000011
12/05/2019FJNK983133AA7983133AA7WYNN RESORTS FIN LLC / WYNN RE SR GLBL 144A 29 5.125% 10/01/2029275000.00105.937500291328.131.06%27460070.00110000011
12/05/2019FJNK038522AQ1038522AQ1ARAMARK SVCS INC 5% 02/01/2028275000.00105.002500288756.881.05%27460070.00110000011
12/05/2019FJNK74166MAC074166MAC0PRIME SEC SVCS BORROWER LLC / SR SEC GLBL 26 5.75% 04/15/2026275000.00104.937400288577.851.05%27460070.00110000011
12/05/2019FJNK85172FAN985172FAN9SPRINGLEAF FINANCE CORPORATION SR GLBL NT 26 7.125% 03/15/2026250000.00115.698500289246.251.05%27460070.00110000011
12/05/2019FJNK46650CAB546650CAB5JBS INVTS II GMBH 5.75% 01/15/2028275000.00105.276000289509.001.05%27460070.00110000011
12/05/2019FJNK013093AD1013093AD1ALBERTSONS COS LLC/SAFEWAY INC SR GLBL NT 25 5.75% 03/15/2025275000.00103.793500285432.131.04%27460070.00110000011
12/05/2019FJNK91911XAW491911XAW4VALEANT PHARMACEUTICALS INTL SR GLBL 144A 27 8.5% 01/31/2027250000.00114.012500285031.251.04%27460070.00110000011
12/05/2019FJNK14987KAA114987KAA1CD&R WTRWKS MERGER SUB LLC 6.125% 08/15/2025275000.00102.499000281872.251.03%27460070.00110000011
12/05/2019FJNK03969AAP503969AAP5ARDAGH PACKAGING 5.25% 08/15/2027275000.00103.287750284041.311.03%27460070.00110000011
12/05/2019FJNK55303XAG055303XAG0MGM GROWTH PPTYS OPER PRTN/ 5.75% 02/01/2027250000.00111.625000279062.501.02%27460070.00110000011
12/05/2019FJNK87422VAF587422VAF5TALEN ENERGY SUPPLY LLC 7.25% 05/15/2027275000.00102.017750280548.811.02%27460070.00110000011
12/05/2019FJNK159864AE7159864AE7CHARLES RIV LABS INTL INC 4.25% 05/01/2028275000.00101.750000279812.501.02%27460070.00110000011
12/05/2019FJNK097751BM2097751BM2BOMBARDIER INC 7.5% 03/15/2025275000.00101.875000280156.251.02%27460070.00110000011
12/05/2019FJNK64110LAV864110LAV8NETFLIX INC 4.875% 06/15/2030275000.00101.250000278437.501.01%27460070.00110000011
12/05/2019FJNK85207UAF285207UAF2SPRINT CORPORATION 7.875% 09/15/2023250000.00109.500000273750.001.00%27460070.00110000011
12/05/2019FJNK226373AL2226373AL2CRESTWOOD MIDSTREAM PRTNRS LP SR GLBL NT 23 6.25% 04/01/2023275000.00100.251000275690.251.00%27460070.00110000011
12/05/2019FJNK526057CD4526057CD4LENNAR CORP 4.75% 11/29/2027250000.00108.502500271256.250.99%27460070.00110000011
12/05/2019FJNK80874YBA780874YBA7SCIENTIFIC GAMES INTL INC. 8.25% 03/15/2026250000.00108.437600271094.000.99%27460070.00110000011
12/05/2019FJNK82967NBC182967NBC1SIRIUS XM RADIO INC 5.5% 07/01/2029250000.00108.002500270006.250.98%27460070.00110000011
12/05/2019FJNK92676XAD992676XAD9VIKING CRUISES LTD 5.875% 09/15/2027250000.00107.232250268080.630.98%27460070.00110000011
12/05/2019FJNK38113YAC338113YAC3GOLDEN NUGGET INC 8.75% 10/01/2025250000.00106.749000266872.500.97%27460070.00110000011
12/05/2019FJNK07556QBS307556QBS3BEAZER HOMES USA INC 7.25% 10/15/2029250000.00105.997500264993.750.97%27460070.00110000011
12/05/2019FJNK88160RAE188160RAE1TESLA INC 5.3% 08/15/2025275000.0096.249000264684.750.96%27460070.00110000011
12/05/2019FJNK893647BB2893647BB2TRANSDIGM INC 6.375% 06/15/2026250000.00105.107250262768.130.96%27460070.00110000011
12/05/2019FJNK013092AB7013092AB7ALBERTSONS COS INC / SAFEWAY I SR GLBL 144A 28 5.875% 02/15/2028250000.00104.933750262334.380.96%27460070.00110000011
12/05/2019FJNK594087AU2594087AU2MICHAELS STORES INC 8% 07/15/2027275000.0094.502500259881.880.95%27460070.00110000011
12/05/2019FJNK12429TAE412429TAE4BWAY HOLDING COMPANY 7.25% 04/15/2025275000.0094.980000261195.000.95%27460070.00110000011
12/05/2019FJNK44485HAA244485HAA2GFL ENVIRONMENTAL INC 7% 06/01/2026250000.00102.784750256961.880.94%27460070.00110000011
12/05/2019FJNK53219LAR053219LAR0LIFEPOINT HEALTH INC 9.75% 12/01/2026200000.00110.752500221505.000.81%27460070.00110000011
12/05/2019FJNK45174HBD845174HBD8IHEARTCOMMUNICATIONS INC 8.375% 05/01/2027200000.00109.232250218464.500.80%27460070.00110000011
12/05/2019FJNK04364VAA104364VAA1ASCENT RES UTICA HLDGS LLC / A SR GLBL 144A 22 10% 04/01/2022225000.0094.750650213188.960.78%27460070.00110000011
12/05/2019FJNK670001AC0670001AC0NOVELIS CORP 5.875% 09/30/2026200000.00105.732250211464.500.77%27460070.00110000011
12/05/2019FJNK12429TAD612429TAD6BWAY HOLDING COMPANY 5.5% 04/15/2024200000.00102.876000205752.000.75%27460070.00110000011
12/05/2019FJNK91740PAD091740PAD0USA COMPRESSION PARTNERS LP 6.875% 09/01/2027200000.00101.752500203505.000.74%27460070.00110000011
12/05/2019FJNK90353TAC490353TAC4UBER TECHNOLOGIES INC 8% 11/01/2026200000.00101.642750203285.500.74%27460070.00110000011
12/05/2019FJNK45824TBA245824TBA2INTELSAT JACKSON HLDGS LTD 8.5% 10/15/2024200000.0082.750000165500.000.60%27460070.00110000011
12/05/2019FJNK680665AL0680665AL0OLIN CORP 5.625% 08/01/2029150000.00104.627500156941.250.57%27460070.00110000011
12/05/2019FJNK701885AH8701885AH8PARSLEY ENERGY LLC 5.625% 10/15/2027150000.00103.747500155621.250.57%27460070.00110000011
12/05/2019FJNK20338QAD520338QAD5COMMSCOPE FIN LLC 6% 03/01/2026150000.00105.062400157593.600.57%27460070.00110000011
12/05/2019FJNK98212BAJ298212BAJ2WPX ENERGY INC 5.25% 10/15/2027150000.00100.252500150378.750.55%27460070.00110000011
12/05/2019FJNK35906ABA535906ABA5FRONTIER COMMUNICATIONS CORP SR SEC GLBL 26 8.5% 04/01/2026150000.0099.252500148878.750.54%27460070.00110000011
12/05/2019FJNK845467AL3845467AL3SOUTHWESTERN ENERGY CO 6.2% 01/23/2025175000.0084.369000147645.750.54%27460070.00110000011
12/05/2019FJNK78454LAN078454LAN0SM ENERGY CO 6.75% 09/15/2026150000.0090.784750136177.130.50%27460070.00110000011
12/05/2019FJNK75281ABA675281ABA6RANGE RES CORP 5% 03/15/2023150000.0086.249000129373.500.47%27460070.00110000011
12/05/2019FJNK402635AH9402635AH9GULFPORT ENERGY CORP 6% 10/15/2024175000.0064.750000113312.500.41%27460070.00110000011
chart-icon-white Pacific Global Focused High Yield ETFCONTACT US 
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Above all, we value our client relationships. If you have
questions or comments about Pacific Global ETFs,
please feel free to contact us directly.

Above all, we value our client relationships. If you have questions or comments about Pacific Global ETFs, please feel free to contact us directly.

ETF shares are not individually redeemable from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants in creation units only.

The Fund’s investments in high yield securities or “junk bonds” are considered predominantly speculative and are subject to a greater risk of loss of income and principal than higher grade debt securities. Fixed income securities in which the Fund invests are subject to the risk that securities could lose value because of interest rate changes. Fixed income securities with longer maturities are subject to greater price fluctuations as a result of interest rate changes than fixed income securities with shorter maturities. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. When the Fund invests in asset-backed securities, the Fund is subject to the risk that, if the underlying borrowers fail to pay interest or repay principal, the assets backing these securities may not be sufficient to support payments on the securities.  The Fund is subject to credit risk and could lose money if the issuer or guarantor of a debt instrument in which it invests becomes unwilling or unable to make timely principal and/or interest payments or to otherwise meet its obligations. The Fund’s investments in securities of foreign issuers may subject it to foreign investment risk. These risks include, among others, adverse changes in foreign economic, political, regulatory and other conditions. The Fund is subject to income risk since the income it receives from investments may decline because of falling market interest rates. The Fund’s performance depends on the performance of individual securities that the Fund holds. As a result, it is subject to issuer risk since changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.

The Fund has a limited number of institutions that act as Authorized Participants and is subject to risk to the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units. The Fund faces numerous market trading risks, including disruptions to the creation and redemption processes of the Fund, losses from trading in secondary markets, the existence of extreme market volatility or potential lack of an active trading market for Shares may result in Shares trading at a significant premium or discount to NAV. If a shareholder purchases Shares at a time when the market price is at a premium to the NAV or sells Shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses.

The Fund is subject to limited history of operations risk since it is a new ETF and has a limited history of operations for investors to evaluate.  The Fund is actively managed; thus, investment decisions are made based on investment views and there is no guarantee that the investment views will produce the desired results or expected returns.

Benchmark Index definition
The Bloomberg Barclays US High Yield Very Liquid Index measures the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity. High yield securities are generally rated below investment-grade.  The Index includes fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, but not more than fifteen years, regardless of optionality; are rated high-yield (Ba1/BB+/BB+ or below); and have $500 million or more of outstanding face value.  To be eligible for inclusion in the Index, a bond must have been issued within the past five years. Exposure to each eligible issuer will be capped at two percent of the Index.  The Index is updated on the last business day of each month.
The volatility of the index may be materially different from that of the Fund. You cannot invest directly in an index. Index results assume the re-investment of all dividends and capital gains. In addition, client’s holdings will differ significantly from the securities that comprise the index.

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 visit the Fund webpages. Read the prospectus or summary prospectus carefully before investing.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any investor or prospective investor. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Investors seeking information regarding their particular investment needs should contact a financial professional.

Pacific Global Asset Management LLC is a wholly-owned subsidiary of Pacific Life Insurance Company (“Pacific Life”). Pacific Global Advisors LLC and Pacific Life Fund Advisors LLC, doing business as Pacific Asset Management are affiliates and indirect subsidiaries of Pacific Life.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

Funds are distributed by Foreside Fund Services, LLC, a member of FINRA and SIPC.