Company: Ivy Investments

New Fund: The Ivy California Municipal High Income Fund

Ivy is launching this fund to "seek a high level of income that is exempt from federal and California income taxes."

Patrick Galley RiverNorth Chief Investment Officer and Portfolio Manager

Company: Franklin Templeton

New Funds: The Franklin Liberty U.S. Low Volatility ETF, the Franklin Liberty Investment Grade Corporate ETF, the Franklin Liberty Short Duration U.S. Government ETF

Franklin Templeton is launching this trio of actively managed ETFs. The Franklin Liberty U.S. Low Volatility ETF "seeks capital appreciation with an emphasis on lower volatility." The Franklin Liberty Investment Grade Corporate ETF and the Franklin Liberty Short Duration U.S. Government ETF aim "to provide a high level of current income as is consistent with prudent investing."



Company: First Trust Advisors

Fund Merger: The First Trust Dividend and Income Fund into the First Trust High Income ETF

Fund shareholders approved the First Trust Dividend and Income Fund merging with and into the First Trust High Income ETF. The latter fund is an actively-managed ETF that "combines a stock portfolio with an index option strategy."



Company: RiverNorth, DoubleLine

New Fund: The RiverNorth/DoubleLine Strategic Opportunity Fund

RiverNorth and DoubleLine are launching this closed-end fund (CEF) that "opportunistically invests in fixed income securities and tactically invests in closed-end funds."



Company: Morningstar

New Index: The Morningstar Sustainability Index Series

Morningstar is launching this series, comprised of 25 indexes, that aims to "deliver exposure to companies that exhibit high standards of sustainability while maintaining a risk/return profile similar to the broad market."



To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Filings For Fundsters and People on the Move columns, respectively. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com. 

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