Milliman Financial Risk Management is preparing to launch the Sustainable Opportunities Fund, according to a recent filing with the SEC. The Chicago-based advisor's new series will be part of the Northern Lights Fund Trust II offered through Gemini Fund Services.

The news was confirmed by Ken Mungan, leader of Milliman Financial Risk Management. He said that the fund will probably debut in July.

Milliman portfolio managers Adam Schenck and Blake Graves will co-PM of the Sustainable Opportunities Fund.

Mungan emphasized that the Milliman Protection Strategy, a means of protecting against downside risk that is used across the range of Milliman products, will be central to the investment philosophy of this new fund. 

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