Resilient Income
for Uncertain Markets
Your guide to intelligent income investing
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These are among the key challenges investors face today and may continue to experience for the foreseeable future. We know the importance of a consistent income stream and its potential to provide stability and a sense of assurance – particularly when markets are turbulent.
A softening economy.
Persistent inflation.
Higher market volatility.
Trade wars.
We designed a suite of income-oriented ETF solutions to personify this and help investors navigate challenging markets while positioning portfolios to capitalize on current opportunities.
Our Resilient Income ETF suite features rules-based strategies designed to offer exposure to specific segments of the capital markets, as well as actively managed solutions from respected institutional portfolio managers.
With roots dating back to 1979, Advisors Asset Management (AAM) has been a trusted resource for financial professionals by offering thoughtful, focused investment solutions for their clients.
We welcome you to explore our income-oriented ETF solutions below.
AAM Low Duration Preferred & Income Securities ETF
PFLD
With our Resilient Income ETF suite, investors have access to intelligently designed strategies built for resilience.
Solutions for building a resilient income portfolio
Learn more about each fund.
AAM Low Duration preferred & income securities etf
PFLD
Higher Tax-Advantaged Income Potential, Lower Volatility
PFLD is a rules-based strategy seeking to provide exposure to the low duration segment of the U.S. preferred securities market. Preferred securities have historically offered higher and more tax efficient yields than traditional fixed income securities. PFLD’s duration and call screens help investors mitigate interest rate risk in any rate environment.
portfolio allocation: core allocation | complement to other core allocations | complement to high yield
High, Tax Efficient Income Potential; Qualified Dividend Income (QDI) eligible
Access to the low duration segment of the U.S. preferred securities market
Investment Grade Exposure
Why Resilient?
Ideal For
Investors looking for high, tax-advantaged income
Preferred investors seeking to lower interest rate risk
Invests in retail and institutional preferreds for broad exposure to the U.S. domestic market.
Only passive ETF to incorporate a duration screen in its selection process.
Incorporates a call screen to limit reinvestment risk during times of declining interest rates.
Differentiating Features
PFLD Profile
Yield/Duration Profile
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Risk/Reward Profile
Tax-Advantaged Income Profile
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
LODI
AAM SLC Low Duration income etf
Short Duration, Smarter Yield
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LODI is an actively managed ETF sub advised by SLC Management, the asset management division of Sun Life. LODI seeks to outperform and provide a higher level of income to that of the Bloomberg 1-3 Yr Gov/Credit index by investing in corporate and non-traditional sectors, like securitized assets, through SLC’s bottom-up issue selection process.
portfolio allocation: core bond allocation | cash alternative
Why Resilient?
Ideal For
Core-plus strategy at the short-end of the interest rate curve
Issue selection drives alpha potential. LODI seeks to be duration neutral to its benchmark
Investment grade portfolio diversified into securitized assets
Investors transitioning out of cash positions seeking to maintain current income levels in a lower rate environment.
Core fixed income investors seeking to lower portfolio interest rate risk and volatility while maintaining absolute return potential
Unconstrained: Wider pool of eligible fixed income asset classes relative to benchmark
Total Return Potential: Diversifies towards securitized assets that may offer higher income and capital appreciation opportunities.
Actively managed: Market Cap-weighted, index-based strategies overweight the largest issuances which may be misalign portfolios towards the most indebted issuers.
Differentiating Features
LODI Profile
Sector Focus
Yield/Duration Profile
Risk/Reward Profile
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
SPDV
AAM S&P 500 High Dividend Value etf
Stay in the Game with Durable Dividends
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SPDV is a rules-based strategy seeking to offer exposure to high dividend payers with high free cash flow (FCF) yield in the S&P 500 Index. A company with an elevated free cash flow yields may have a quality bias given their potential to pay down debt, buy back stock, conduct mergers & acquisitions (M&A) or pay a dividend to shareholders. Incorporating an FCF yield screen may help SPDV’s strategy avoid value traps.
portfolio allocation: U.S. Value allocation | equity income allocation | complement to aggressive growth
Why Resilient?
Ideal For
Free cash flow yield component assists in avoiding dividend payer ‘value traps’
Current yield profile double that of the S&P 500 Index
High active share to the S&P 500 index
Equity income investors seeking to avoid value traps in their dividend allocations
Core equity investors seeking to diversify out of the Magnificent 7 and interest rate sensitive equity sectors
Equal weight exposure across all 11 GICS Sectors
A dividend strategy with a quality tilt
0% exposure to the Magnificent 7
Differentiating Features
SPDV Profile
Sector Allocation
Dividend Yield
Performance During Major Market Cycles
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
Performance data quoted represents past performance and does not guarantee future results. This investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 800.617.0004. Click here to view standardized performance.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
LODI is sector and benchmark agnostic and tactically allocates opportunistically across all sectors to find the best value in the short duration space. The strategy will largely invest in corporate and securitized assets that are investment grade (AAA to BBB) in an effort to provide investment grade portfolio with yield closer to the high-yield market.
Sector Focus
LODI is duration neutral to its benchmark and expected to have an average duration of 1-3 years.
Exposure to Agency MBS have typically offered relatively higher yields to similarly rated U.S. treasuries.
Exposure to CMBS and ABS loan pools which tend to be comprised of shorter-term loans with higher yields vs. investment grade, corporate credit counterparts.
Exposure to lower durated corporate bonds which have demonstrated similar returns with lower risk compared to the broad corporates.
The relative value may enable investors to increase income while maintaining or lowering interest rate risk.
View Index Name and Asset Class
LODI asset classes have demonstrated a commensurate return relative to broader securitized market with reduced risk.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
INDEX Historic Yield
SPDV 30-day SEC Yield as of 9/30/25: 3.82%
Before & After Taxes
BDIV
AAM Brentview dividend growth etf
An 'Unboxed' Dividend Growth Strategy
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BDIV is an actively managed ETF sub advised by Brentview Investment Management, a seasoned team with decades of experience in dividend growth investing. BDIV seeks to outperform the S&P 500 index while also managing for minimized downside risk through its broadly diversified portfolio of dividend growers and new dividend initiators.
portfolio allocation: core u.s. equity allocation | equity income allocation
Why Resilient?
Ideal For
Actively managed and less rigid approach relative to dividend growth indexes.
Proven strategy with a 15+ year track record.
Core equity investors seeking a lower market beta with market-like returns.
Investors concerned about the significant level of U.S. equity market concentration.
Prior to starting Brentview, the founding partners managed former Nuveen affiliate, Santa Barbara Asset Management.
BDIV can invest in new dividend initiators who are growing their businesses and does not have a stringent dividend growth history requirement.
Differentiating Features
Brentview Dividend Growth Strategy
Risk/Reward Profile (3/31/06 - 9/30/25)
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 800.617.0004. Click here to view standardized performance.
AAM SLC Low Duration Income ETF
LODI
AAM S&P 500 High Dividend Value ETF
SPDV
AAM Brentview Dividend Growth ETF
BDIV
CLOC
AAM crescent clo etf
Built by Experienced CLO Managers. Managed for Investors.
AAM’s ETF suite offers flexible solutions across multiple asset classes for investors seeking stability in today’s unpredictable markets.
Resilient Income: Strategies built to perform across various market cycles.
Low Cost/Transparent: ETFs provide efficient, accessible exposure to hard-to-reach markets.
Innovative Design: AAM’s ETF strategies combine yield potential with risk management.
Stay smart.
Be resilient.
Why Choose the AAM Resilient Income ETF Suite?
bottom line
The investment objectives, risks, charges and expenses must be considered carefully before investing. The fund’s statutory and summary prospectus contains this and other important information about the investment company, and may be obtained by calling 800.617.0004 or visiting www.aamlive.com.
Read it carefully before investing.
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View Disclosures
Not all products are available at all financial institutions. Please check with your financial professional or contact an AAM Representative for availability.
Must be preceded or accompanied by the fund’s latest prospectus. Click for a copy of each ETFs prospectus: SPDV, PFLD, BDIV, CLOC, LODI
Diversification does not assure a profit or protect against a loss during declining markets.
Risks: Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Companies with high yield or payout ratio may underperform other securities in certain market conditions and reduce or discontinue paying dividends entirely while included in the index. The value of a company’s preferred stock will react more strongly than bonds and other debt to actual or perceived changes in the company’s financial condition. Preferred stock is subject to the risks that a company may defer or not pay dividends, and, in certain situations, may call or redeem its preferred stock or convert it to common stock. During periods of falling interest rates, an issuer of a callable security held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds at lower interest rates. Investments in small and mid-cap companies may involve less liquidity and greater volatility than larger companies. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for emerging markets investments. Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). In a rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. In a declining interest-rate environment, the portfolio may generate less income.
CLO AAA, CLO AA, CLO A refers to a tranches of CLOs that have the highest rating from a nationally recognized statistical ratings organization (NSRO). CLO BBB, CLO BB refers to a tranches of investment grade CLOs that are NSRO rated BBB or BB and thus riskier that CLO AAA, CLO AA, CLO A. Downside deviation is a measure of investment risk that quantifies the volatility of an investment's returns below a specific threshold. Cash flow is the net amount of cash and cash-equivalents moving into and out of a business. Correlation is a statistical measure of how two variables move in relation to each other with coefficients ranging from +1 to -1. Dividend yield is a stock’s annual dividend relative to the stock price. Free Cash Flow is the excess cash that a business has after paying all of the operations and capital expenditures. Free Cash Flow Yield is a stock’s free cash flow per share relative to the stock price. S&P 500 Index is a stock market index weighted by market capitalization that is made up of 500 of the largest public companies in the United States. The Magnificent 7 is a group of major tech companies with stock growth that, on average, far outpaced the high-performing S&P 500® over the past decade consisting of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The 30-day SEC Dividend Yield is based on the most recent 30-day period covered by the fund’s filings with the SEC. Bloomberg 1-3 Year Government/Credit Index is an unmanaged index comprised of the US Government/Credit component of the US Aggregate Index. Bloomberg 1-5 Yr Government/Credit Index tracks USD-denominated, investment grade, fixed-rate bonds, including treasuries, government-related and corporate issues, with at least one, and up to, but not including, five years until final maturity. Bloomberg 5-10 Yr Gov/Credit Index measures investment grade, US dollar-denominated, fixed-rate nominal Treasuries, government-related and corporate securities with 5-10 year maturities. Bloomberg Aggregate Bond Index is a broad-based measure of the investment grade, US dollar-denominated, fixed-rate taxable bond market. ICE BofA US Municipal Securities Index (U0A0) tracks the performance of US dollar denominated investment grade tax-exempt debt publicly issued by US states and territories, and their political subdivisions, in the US domestic market. ICE BofA 7-10 Year US Treasury Index (G402) is a subset of ICE BofA US Treasury Index including all securities with a remaining term to final maturity greater than or equal to 7 years and less than 10 years. ICE BofA 15+ Year US Treasury Index (G802) is a subset of ICE BofA US Treasury Index including all securities with a remaining term to final maturity greater than or equal to 15 years. ICE BofA 1-3 Year US Treasury Index (G102) is a subset of ICE BofA US Treasury Index including all securities with a remaining term to final maturity less than 3 years. ICE BofA 1-5 Year US Corporate Index (CVA0) is a subset of ICE BofA US Corporate Index including all securities with a remaining term to final maturity less than 5 years. ICE BofA BB US High Yield Index (H0A1) is a subset of ICE BofA US High Yield Index including all securities rated BB1 through BB3, inclusive. ICE 0-5 Year Duration Preferred & Hybrid Securities Index (PFLD) measures the performance of U.S. dollardenominated preferred securities and hybrid securities listed on the New York Stock Exchange (“NYSE”) or NASDAQ Capital Market (“NASDAQ”) with an option-adjusted duration of less than 5 years. ICE Exchange-Listed Preferred & Hybrid Securities Index (PHGY) measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (“NYSE”) or NASDAQ Capital Market (“NASDAQ”). ICE BofA 1-5 Year BBB US Corporate Index (CVA4) tracks the performance of U.S. dollar-denominated, investment-grade corporate debt with remaining maturities between 1-5 years and a BBB credit rating. ICE BofA 1-5 Year BB US High Yield Index (H1AV) tracks the performance of U.S. dollar-denominated, below investment grade corporate debt publicly issued in the U.S. domestic market, specifically bonds with ratings of BB1 through B3 (inclusive) and remaining maturities between 1-5 years. The J.P. Morgan Collateralized Loan Obligation Index (CLOIE) Investment Grade is a benchmark index that tracks the total return performance of USD-denominated, broadly syndicated, arbitrage Collateralized Loan Obligations (CLOs) in the U.S. market, excluding certain types of CLOs such as middle-market, static, fixed-rate, and equity tranches, among others. It is not possible to invest directly in an index. Indices do not include cash.
The AAM ETFs are distributed by Quasar Distributors, LLC. Quasar and AAM are not affiliated.
Not FDIC Insured • No Bank Guarantee • May Lose Value
Advisors Asset Management. Advisors Asset Management, Inc. (AAM) is an SEC-registered investment advisor and member FINRA/SIPC. Registration does not imply a certain level of skill or training. ©2025 18925 Base Camp Road • Monument, CO 80132 www.aamlive.com CRN: 2025-0929-12890 R
Disclosures
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AAM ETF Product Summary
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Index Yield
Bloomberg US Agg Bond TR USD
ICE BofA US Corporate Index
ICE BofA US Municipal Securities Index
ICE BofA Current 10 Year US Treasury Index
ICE BofA US All Capital Securities Index
ICE BofA US High Yield Index
ICE BofA 1-5 Year US Corporate Index
ICE BofA 0-3Y US Fxd Rate ABS TR USD
ICE BofA 0-3Y US MBS TR USD
Bloomberg USD EM Aggregate Index
ICE 0-5 Year Duration Preferred & Hybrid Securities Index
ICE BofA 1-3 Year US Treasury Index
ICE BofA 1-5 Year US High Yield Constrained Index
ICE BofA 1-5 Year US Municipal Securities Index
INDEX NAME
Bloomberg US Aggregate Bond Index (a)
Corporate Bonds (b)
Municipal Bonds* (c)
10 Year US Treasuries (d) US Preferreds (e)
High Yield Bonds (f)
Low Duration Corporate Bonds (g)
Low Duration US ABS (h)
Low Duration US CMBS (i)
Low Duration US MBS (j)
Emerging Markets Debt (k)
Low Duration Preferreds (l)
1-3 Year US Treasuries (m)
Low Duration High Yield Bonds (n)
Low Duration Muni Bonds* (o)
asset class
View Fund Profiles
CLOC is an actively managed ETF sub advised by Crescent Capital Group, one of the most experienced collateralized loan obligations (CLO) managers in the industry. CLOC aims to provide attractive yields, lower volatility and enhanced liquidity vs. similarly rated fixed income alternatives by investing in a portfolio composed of U.S. dollar-denominated investment grade CLOs.
portfolio allocation: ALTERNATIVE TO TRADITIONAL FIXED INCOME | COMPLEMENT TO HIGH YIELD | CASH ALTERNATIVE
Why Resilient?
Ideal For
CLOs have historically provided attractive returns and lower volatility across rating categories when compared to Investment Grade & High Yield Corporates.
Low correlation with traditional asset classes with downside risk mitigation.
Built-in structural protections to reduce the risk of defaults and downgrades.
Investors looking to access the fast-growing CLO debt market.
Income-focused investors seeking elevated yields relative to similarly rated bonds.
Fixed income investors seeking diversification from traditional fixed income investments.
Low Cost: CLOC is one of the lowest-cost CLO ETFs.
Manager Expertise: Crescent was one of the first issuers of CLOs in 1993. Operating as both an issuer and investor of CLOs provide the team with a unique perspective on the bank loan market.
Differentiated Exposure: While most CLO ETFs focus on either AAA or BBB tranches exclusively, CLOC provides access to the full spectrum of investment grade CLO opportunities.
Differentiating Features
AAM Cresecent CLO ETF
CLOC
fixed income
equity
NEW
^The Fund’s investment adviser has agreement to waive 0.31% of its management fees for the Fund up to $100 million of assets until at least December 31, 2026. *The Fund’s investment adviser has agreement to waive 0.24% of its management fees for the Fund up to $100 million of assets until at least December 31, 2025.
Risk/Reward Profile
Yield Profile
Performance data quoted represents past performance and does not guarantee future results.
Compelling Yields
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.
JPM CLOIE Index: 5-Year Risk-Return Characteristics
Source: JPM CLOIE, As of 6/30/2025
Source: BofA Global Research, Palmer Square CLO Indices, Bloomberg as of 6/30/25
CLOs have historically provided higher yields across rating categories when compared to similarly rated and lower-rated bonds.