Morgan Stanley Investment Management (MSIM) launched the Eaton Vance Preferred Securities and Income ETF (Nasdaq: EVPF) on March 5, 2026, an actively managed exchange-traded fund designed to provide current income and total return through investments in preferred securities and other income-producing assets. The fund is the 12th actively managed fixed income ETF and the 19th ETF strategy offered by MSIM since the platform’s inception in 2023.
EVPF aims to capitalize on the income and diversification benefits associated with preferred securities, which historically have shown a lower correlation to traditional fixed income investments. The strategy emphasizes a research-driven approach, focusing on securities that may qualify for qualified dividend income (QDI) treatment, potentially enhancing after-tax yields for investors.
“Our ETF platform continues to grow; EVPF delivers investors a unique, actively managed fixed income strategy that expands the range of investment options available,” stated Ally Wallace, Global Head of Capital Markets and ETF Strategy at Morgan Stanley Investment Management. “This latest offering is another example of our commitment to enhancing our ETF platform by tapping into MSIM’s broad and distinct investment capabilities. With EVPF, we continue to position our ETF platform as a destination for investors seeking differentiated, active fixed income strategies delivered with the transparency, liquidity and tax efficiency of an ETF.”
The portfolio management team for EVPF includes Kevin Lynyak, James Benadum, Christopher Santos, Justin Ziegler, Alec Schaefer, and Brandon Matsui, all of whom hold the Chartered Financial Analyst (CFA) designation. The fund has a gross expense ratio of 0.39 percent and a net expense ratio of 0.20 percent.
MSIM, a division of Morgan Stanley (NYSE: MS), manages $1.9 trillion in assets globally, employing over 1,400 investment professionals across 24 countries. The launch of EVPF expands MSIM’s ETF offerings to 19 products, including five Calvert-branded ETFs, three Parametric-branded ETFs, and ten Eaton Vance-branded fixed income ETFs.
Morgan Stanley Investment Management, along with its affiliates, provides a range of investment banking, securities, wealth management, and investment management services to corporations, governments, institutions, and individuals worldwide, operating in 42 countries.
Expected base pay for the role will be between $110,000 and $225,000 per year, with the final amount determined individually. In Illinois, the salary range is also $110,000 – $225,000 per year, with potential eligibility for an annual discretionary incentive compensation award and participation in the business unit’s incentive compensation plan, which may include a discretionary bonus.
