{"id":1018711,"date":"2026-11-09T08:35:17","date_gmt":"2026-11-09T13:35:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/"},"modified":"2026-11-09T08:35:17","modified_gmt":"2026-11-09T13:35:17","slug":"new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/","title":{"rendered":"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs<\/b><\/p>\n<p><i>U.S. and International Value Equity Strategies Now Trading Under Tickers LYR and LYRI<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLyrical Asset Management LP (&#8220;Lyrical&#8221;), an independent, partner-owned investment management firm, today announced that it has converted its U.S. Value Equity and International Value Equity mutual funds, representing more than $1 billion in combined assets, into exchange-traded funds (ETFs). The newly converted funds began trading today on the New York Stock Exchange under the tickers LYR and LYRI.<\/p>\n<p>\nThe conversions provide investors with access to Lyrical&#8217;s actively managed value equity strategies through a more flexible, transparent, and cost-efficient ETF structure, employing the same investment philosophy, disciplined research process, and experienced portfolio management team. The move responds to growing demand from Lyrical&#8217;s clients, and from financial advisors and investors more broadly, to access actively managed strategies through ETFs.<\/p>\n<p>\nShareholders of the predecessor mutual funds now own ETF shares following a reorganization intended to qualify as tax-free.<\/p>\n<p><b>Same Team. Same Process. Same Philosophy.<\/b><\/p>\n<p>\nLyrical&#8217;s U.S. Value Equity strategy has been managed continuously since January 2009, and its International Value Equity strategy since June 2019. Both strategies employ Lyrical&#8217;s distinctive investment approach, seeking quality businesses with attractive long-term earnings growth potential at deeply discounted valuations.<\/p>\n<p>\n&#8220;We run concentrated, low-turnover portfolios built for the long term, and the ETF structure is a natural fit for that approach,&#8221; said Andrew Wellington, Lyrical\u2019s Chief Investment Officer and Founder. &#8220;Our investment philosophy, portfolio management team, and disciplined approach to identifying compelling long-term opportunities remain unchanged. What has changed is the structure through which investors can access these strategies.&#8221;<\/p>\n<p>\nThe two ETFs are:<\/p>\n<p><b>Lyrical U.S. Value Equity ETF (LYR)<\/b><\/p>\n<p>\nA concentrated portfolio of approximately 33 companies selected from the 1,000 largest U.S.-traded stocks, seeking quality businesses with attractive long-term earnings growth potential among the market&#8217;s most deeply discounted stocks.<\/p>\n<p><b>Lyrical International Value Equity ETF (LYRI)<\/b><\/p>\n<p>\nA concentrated portfolio of 25\u201340 companies selected from a universe of approximately 1,500 large, developed-market stocks outside the U.S., applying the same emphasis on quality and value.<\/p>\n<p><b>Enhanced Benefits for Investors<\/b><\/p>\n<p>\nThe ETF structure offers several potential advantages, including greater tax efficiency, daily portfolio transparency, intraday trading flexibility, and lower ongoing fund expenses.<\/p>\n<p>\n&#8220;The conversion of more than $1 billion in client assets to ETFs reflects our commitment to evolving with the needs of our clients and the broader investment marketplace,&#8221; said Jeffrey Keswin, Chief Executive Officer and Founder of Lyrical Asset Management. &#8220;The ETF structure opens our strategies to a broader set of advisors, platforms and model portfolios, and positions the firm for its next chapter of growth.&#8221;<\/p>\n<p><b>About Lyrical Asset Management<\/b><\/p>\n<p>\nFounded in 2008, Lyrical Asset Management is an independent, partner-owned investment management firm based in New York City, with approximately $8.8 billion in firm assets as of October 31, 2026. The firm specializes in concentrated, actively managed value equity strategies for institutional investors, financial advisors, and individual investors. Lyrical&#8217;s investment philosophy is grounded in three core principles: Value, Quality, and Analyzability. Through a disciplined, long-term investment approach, the firm seeks to identify quality businesses trading at attractive valuations relative to their long-term earnings potential.<\/p>\n<p>\nFor additional information about LYR and LYRI, including fund details and prospectuses, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lyricalam.com&amp;esheet=54637781&amp;newsitemid=20261109468845&amp;lan=en-US&amp;anchor=www.lyricalam.com&amp;index=1&amp;md5=38cb4edac875faf48f1478e9b158bc2e\">www.lyricalam.com<\/a>.<\/p>\n<p><b>Important Information<\/b><\/p>\n<p><i>Investors should consider the investment objectives, risks, charges and expenses of each Fund carefully before investing. This and other important information are contained in each Fund\u2019s summary prospectus and prospectus, which may be obtained by calling 1-833-VALUETF. Read carefully before investing.<\/i><\/p>\n<p>\nInvesting involves risk, including the possible loss of principal. The Funds hold a limited number of securities; they may be more volatile than funds holding a greater number of securities. Value investing involves the risk that the market will not recognize a security\u2019s intrinsic value for a long time, or that a stock judged to be undervalued may actually be appropriately priced. International investing involves additional risks, including currency fluctuation, political and economic instability, and differences in accounting standards.<\/p>\n<p>\nWhile the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Funds will achieve their objectives.<\/p>\n<p>\nThe Funds are distributed by Northern Lights Distributors, LLC, Member FINRA\/SIPC, which is not affiliated with Lyrical Asset Management LP or its affiliates.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261109468845r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261109468845\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261109468845\/en\/<\/a><\/span><\/p>\n<p><b>Media Inquiries<br \/>\n<\/b><br \/>Craig Lifschutz, Senior Managing Director &amp; Management Committee Chair<br \/>\n<br \/>(212) 415-6600 | <a rel=\"nofollow\" href=\"mailto:clifschutz@lyricalpartners.com\">clifschutz@lyricalpartners.com<\/a><\/p>\n<p><b>Investor Inquiries<br \/>\n<\/b><br \/>Gary Faccenda, Senior Managing Director &amp; Head of Client Relations, North America<br \/>\n<br \/>(212) 415-6600 | <a rel=\"nofollow\" href=\"mailto:gfaccenda@lyricalpartners.com\">gfaccenda@lyricalpartners.com<\/a><\/p>\n<p><b>Lyrical Asset Management Website<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lyricalam.com&amp;esheet=54637781&amp;newsitemid=20261109468845&amp;lan=en-US&amp;anchor=www.lyricalam.com&amp;index=2&amp;md5=b7bcad055acfe1bb1c7475dd5a6af429\">www.lyricalam.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261109468845\/en\/2963813\/3\/Lyrical-AM-Social-Share-Logo_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs U.S. and International Value Equity Strategies Now Trading Under Tickers LYR and LYRI NEW YORK&#8211;(BUSINESS WIRE)&#8211; Lyrical Asset Management LP (&#8220;Lyrical&#8221;), an independent, partner-owned investment management firm, today announced that it has converted its U.S. Value Equity and International Value Equity mutual funds, representing more than $1 billion in combined assets, into exchange-traded funds (ETFs). The newly converted funds began trading today on the New York Stock Exchange under the tickers LYR and LYRI. The conversions provide investors with access to Lyrical&#8217;s actively managed value equity strategies through a more flexible, transparent, and cost-efficient ETF structure, employing the same investment philosophy, disciplined research process, and experienced &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1018711","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs U.S. and International Value Equity Strategies Now Trading Under Tickers LYR and LYRI NEW YORK&#8211;(BUSINESS WIRE)&#8211; Lyrical Asset Management LP (&#8220;Lyrical&#8221;), an independent, partner-owned investment management firm, today announced that it has converted its U.S. Value Equity and International Value Equity mutual funds, representing more than $1 billion in combined assets, into exchange-traded funds (ETFs). The newly converted funds began trading today on the New York Stock Exchange under the tickers LYR and LYRI. The conversions provide investors with access to Lyrical&#8217;s actively managed value equity strategies through a more flexible, transparent, and cost-efficient ETF structure, employing the same investment philosophy, disciplined research process, and experienced &hellip; Continue reading &quot;New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-09T13:35:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261109468845r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs\",\"datePublished\":\"2026-11-09T13:35:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/\"},\"wordCount\":850,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20261109468845r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\\\/\",\"name\":\"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs - 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The newly converted funds began trading today on the New York Stock Exchange under the tickers LYR and LYRI. The conversions provide investors with access to Lyrical&#8217;s actively managed value equity strategies through a more flexible, transparent, and cost-efficient ETF structure, employing the same investment philosophy, disciplined research process, and experienced &hellip; Continue reading \"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-09T13:35:17+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261109468845r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs","datePublished":"2026-11-09T13:35:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/"},"wordCount":850,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261109468845r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-structure-same-strategy-lyrical-completes-conversion-of-two-value-equity-funds-to-etfs\/","name":"New Structure, Same Strategy: Lyrical Completes Conversion of Two Value Equity Funds to ETFs - 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