Today's tourney between Team Stork versus Reapers was a definite rout in favor of the industry's death-walkers, with Storks scoring only one point compared to the Reapers' six.
The Stork's sole goal was thanks to Scout Funds
], which filed
to launch a Low Duration Bond Fund
, aiming to achieve total return consistent with the preservation of capital. The fund will invest at least 80 percent of its asset in fixed income instruments of varying maturities, with an estimated portfolio duration of one to four years. The management team will include Mark Egan
as lead PM and Thomas Fink
, Todd Thompson
and Stephen Vincent
Meanwhile, the first goal for the Reapers came from Profit Investment Management
, which terminated
its Profit Funds Investment Trust
effective September 28, 2012.
The team of termination quickly followed up with another score, thanks to J.P. Morgan Income Funds
], which tackled
its JPMorgan Short Term Bond Fund II
Another Reaper touchdown was brought about by Guggenheimer's Rydex Series Funds
], which dispatched
its Long Short Equity Strategy Fund
The Reapers scored another three points due to technical play, in the form of reorganizations.
ValueLine U.S. Government Money Market Fund filed
to reorganize its U.S. Government Portfolio of the Daily Income Fund by exchanging shares in this fund for institutional service class shares of the U.S. Government Portfolio.
Meanwhile, the LVIP Columbia Value Opportunities Fund will switch
into the LVIP JPMorgan Mid Cap Value RPM Fund with J.P. Morgan Investment Management Inc.
replacing Columbia Management Investment Advisers, LLC
as the Fund’s sub-adviser.
And finally, Nuveen Investment Funds, Inc. filed
to reorganize its Large Cap Value Fund
into the Nuveen Dividend Value Fund
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