Storen's ETF Pivot
Storen Legacy Partners Boosts ETF Holdings, Shifts Towards Fixed-Income Strategies
Anonymous
Key Points
1
Storen Legacy Partners’ ANGL stake isn’t just a sizable add—it makes VanEck Fallen Angel High Yield Bond ETF about 5.2% of the firm’s portfolio and its 6th-largest holding, according to the SEC-linked disclosure.
2
The Vanguard Total Bond Market ETF position is also a portfolio-larger commitment than the headline dollars suggest: BND represents about 12.8% of Storen Legacy Partners’ portfolio and is its 3rd biggest holding, and the article also notes BND’s 12-month range ($72.34–$75.23) plus its 50- and 200-day moving averages.
3
Beyond LPL Financial’s increase in DJD (already reflected in the summary), other institutions showed outsized changes—e.g., Kestra Advisory Services LLC increased its DJD holdings by 362.8% in the fourth quarter—while the article also provides market/risk context for DJD (including P/E of 17.48 and beta of 0.69).
4
For the factor sleeve, Fidelity Value Factor ETF (FVAL) is described as tracking the Fidelity U.S. Value Factor index, launched on Sep. 12, 2016, and managed by Fidelity—details that clarify what “value factor” exposure Storen Legacy Partners is adding.
Storen Legacy Partners LLC has taken a $16.73 million position in the VanEck Fallen Angel High Yield Bond ETF (ANGL), making the fund its 6th-largest holding at roughly 5.2% of its portfolio, according to MarketBeat. The Indianapolis-based registered investment advisor, which manages about $438 million in assets, is doubling down on income-focused strategies just months after its launch in late 2025.
The ANGL buy is just one piece of a larger fixed-income push. The firm also holds a $40.7 million stake in the Vanguard Total Bond Market ETF (BND) — its 3rd-biggest holding at 12.8% of its portfolio — signaling a clear shift toward bonds over stocks, according to recent SEC filings tracked by Radient Analytics.
Why Storen Is Betting Big on 'Fallen Angel' Bonds
"Fallen angels" are corporate bonds that started out with investment-grade ratings but got downgraded to junk status. When that happens, many large funds are forced to sell them — even if the underlying company is still sound. That forced selling can push prices below fair value, creating a buying opportunity. VanEck notes that fallen angels carry an overweight to BB-rated bonds, the highest tier of high-yield debt, and a smaller slice of riskier CCC-rated paper.
The timing matters. The Federal Reserve cut rates by 25 basis points in both November 2024 and January 2025, according to Seeking Alpha. Lower rates make bonds more attractive and push investors to hunt for yield. In Q1 2026, fallen angels outpaced the broader high-yield market in total return, per VanEck analysis. Storen's 569,702-share ANGL position puts it squarely in the middle of that trade.
BND Becomes the Portfolio's Anchor at $40.7 Million
The Vanguard Total Bond Market ETF is an even larger bet. At $40.7 million and 549,681 shares, BND is Storen's 3rd-biggest holding. The fund has traded between $72.34 and $75.23 over the past 12 months, according to Investing.com. That narrow range reflects steady demand from conservative managers looking for a stable income floor.
The risk is real, though. Analysts at Seeking Alpha have warned that broad bond ETFs like BND face "duration risk" if inflation stays sticky and the Fed pauses its rate-cut cycle. A sudden reversal could push prices toward the lower end of that 52-week range. Storen appears willing to take that risk in exchange for predictable income — a key priority for what appears to be a primarily pre-retirement client base.
Dividend and Value ETFs Round Out a Defensive Playbook
Beyond bonds, Storen added smaller positions in two factor-based ETFs. The Invesco Dow Jones Industrial Average Dividend ETF (DJD) targets blue-chip dividend payers. It carries a P/E ratio of 17.48 and a beta of 0.69 — meaning it moves significantly less than the broader market during swings. The Fidelity Value Factor ETF (FVAL), launched September 12, 2016, tracks the Fidelity U.S. Value Factor Index and charges just 0.15% in annual fees, according to Fidelity.
Storen is not alone in these moves. Kestra Advisory Services LLC increased its DJD stake by 362.8% in the fourth quarter, per SEC institutional disclosures tracked by MarketBeat. LPL Financial also raised its DJD position. That broad participation suggests a wider institutional rotation — not just one firm's bet — back toward dividend income and lower-volatility equity exposure heading into 2026.
A New Firm Moves Fast With $438 Million in Assets
Storen Legacy Partners only received SEC approval as a registered investment advisor in November 2025. It launched formally on December 9, 2025, through a partnership between Storen Financial and Dynasty Financial Partners, naming Ronnie Jackson, Kiran Sharma, and Alex Kiritschenko as equity partners, according to Storen Financial. Dynasty provided the institutional infrastructure that allowed the firm to execute large ETF trades quickly.
Partner Kiran Sharma has publicly focused on "predictable income" and Social Security planning for clients, per Storen Financial's blog — a clear signal that retirees and near-retirees make up a big share of the firm's book. The small $469,000 purchase of PNC Financial Services Group stock adds a direct equity position to the mix, reflecting some confidence in the regional banking sector's recovery. Combined, these moves define Storen Legacy Partners as income-first and risk-aware from day one.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
29
Articles
8
Reach
37
A
AnonymousAuthor
