Raymond James Debuts Three Income-Focused ETFs

How These ETFs Work

The three ETFs are designed as core, income-generating building blocks with differentiated approaches:

• RJ Eagle Vertical Income ETF
  RJVI
  : A modern alternative to traditional fixed income, this actively managed fund blends investment-grade fixed income with preferred equity and dividend-paying stocks. Managed by James Camp, CFA, along with Brad Erwin, CFA, and John Lagowski, CFA, the strategy is flexible and multi-asset, aiming to deliver diversified income and capital appreciation.
• RJ Eagle GCM Dividend Select Income ETF
  RJDI
  : A U.S. large-cap equity strategy that invests in high-quality, dividend-paying companies with strong fundamentals and capital return policies. Managed by Michael Gibbs and his team at Gibbs Capital Management, RJDI combines top-down sector analysis with bottom-up stock selection to create a diversified, income-oriented equity portfolio.
• RJ Eagle Municipal Income ETF
  RJMI
  : An actively managed municipal bond ETF designed to deliver consistent, tax-advantaged income. Managed by Mr. Camp and Burt Mulford, CFA, RJMI focuses on disciplined credit selection and diversification across the municipal yield curve.

“With today’s launch, we’re expanding access to the trusted strategies already run by Eagle’s portfolio managers in a more transparent and tax-efficient structure,” said Susan Walzer, President of the firm’s Family of Funds.

Why Investors Should Consider These ETFs

Raymond James’ inaugural ETFs offer investors improved access to income strategies that have traditionally been available through mutual funds and separately managed accounts. The ETF structure provides transparency, liquidity, and tax efficiency, making these products suitable as core portfolio holdings or targeted allocations.

“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,” said Johan Grahn, Head of ETFs at Raymond James Investment Management. “The versatility and tradability of our ETFs make the portfolio implementation process simple.”

“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. The versatility and tradability of our ETFs make the portfolio implementation process simple,” said Johan Grahn, Head of ETFs at Raymond James Investment Management. “We look forward to launching more ETFs that represent some of our best ideas and most coveted investment strategies across our boutique investment firms in the coming months and years.”

About the Issuer

Raymond James Investment Management, a wholly owned subsidiary of Raymond James, manages $114.7 billion in assets as of June 30, 2025. The firm partners with its boutique investment managers, including Eagle Asset Management, Chartwell Investment Partners, ClariVest Asset Management, and others, to deliver strategies across asset classes and vehicles. With a focus on sustainable, risk-adjusted returns, Raymond James combines the independence and expertise of its affiliated managers with the stability of a full-service firm. Learn more at rjetfs.com.

Please note that this article reflects the author’s personal views and does not represent the opinions of the publication or its affiliates. It is for informational purposes only and does not constitute investment advice. It is essential to seek guidance from a registered financial professional before making any investment decisions.