DriveWealth Power Saver ETF
EERN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- MD United States of America
- IPO Date
- Jul 26, 2021
- CIK
- 0000831114
- Similar Companies
- Business
- DriveWealth Power Saver ETF (EERN) is an actively managed exchange-traded fund that seeks to provide investors with high current income targeting an 8% net distribution yield through a diversified global portfolio of fixed income securities. The fund, managed by portfolio managers at YieldX using proprietary AI-driven optimization tools for daily portfolio adjustments, invests in investment-grade and high-yield corporate bonds; asset-backed and mortgage-backed securities; emerging market securities; sovereign and municipal debt; preferred securities; and exchange-traded funds holding such investments, without regard to maturity or credit quality. It primarily serves retail investors and savers seeking enhanced yields over traditional bank accounts with managed risk exposure. Launched in 2021 by DriveWealth, a U.S.-based brokerage infrastructure platform headquartered in Jersey City, New Jersey, the ETF was listed on NYSE Arca and sponsored under The RBB Fund, Inc. (later associated with Chadds Ford Investment Management LLC and Red Gate Advisers LLC). DriveWealth offers the fund as part of its broader suite of investment products, including access to over 3,000 U.S.-listed ETFs focused on equities, fixed income, and alternatives for global partners and clients. In a major operational change, Red Gate Advisers LLC announced the liquidation and termination of the DriveWealth Power Saver ETF (along with the related DriveWealth Steady Saver ETF) in August 2022, with trading halted prior to market open on August 30, 2022, and final liquidation of assets into cash distributions to shareholders completed on or about August 31, 2022. Post-liquidation, the ETF ceased operations and is no longer active, with certain platforms reflecting delisted or inactive status as of late 2025. No subsequent relaunches, acquisitions, or strategic shifts involving EERN have been reported.