New and Upcoming Funds
TrimTabs Asset Management is
launching the
TrimTabs Float Shrink ETF,
as reported by MFWire.
Cohen & Steers is
launching the
Cohen & Steers Active Commodities Strategy Fund.
Seafarer Funds is
launching the
Seafarer Overseas Growth and Income Fund and the
Seafarer Overseas Value Fund.
Dunham Funds is
launching the
Dunham Alternative Dividend Fund.
Virtus is
launching the
Virtus Enhanced U.S. Equity ETF. It will follow the
Rampart Enhanced U.S. Equity Index.
***
Mergers & Liquidations
On October 18, the
VanEck Vectors Gulf States Index ETF and the
VanEck Vectors Indonesia Small-Cap ETF will
terminate and liquidate.
On September 30, the
Davlin Philanthropic Fund will
cease operations.
On September 30, the
All Terrain Opportunity Fund's Class I shares will be
liquidated. These shares may be converted into institutional class shares. Also, the fund decided against liquidating its Class A shares, which was scheduled for September 9, and has decided to re-designate the Class A shares to institutional class shares effective September 16.
***
Share Splits
On September 13, the
KraneShares Zacks New China ETF will
undergo a two-for-one share split.
***
Fees
As of September 1, the
Gotham Absolute 500 Fund has
reduced their annual investment advisory fee by 15 bps. They also reduced their expense limitation by 25 bps.
***
Investment Strategy
On September 16, the
The Financial Select Sector SPDR Fund will
eliminate and transfer its real estate stocks (REITS) to the
Real Estate Select Sector SPDR Fund in exchange for some of its shares.
On November 1, various portfolios in the
HC Capital Trust will undergo
investment strategy changes.
On November 1, the
iShares Real Estate 50 ETF will
follow the
FTSE NAREIT Equity REITs Index, as opposed to the
FTSE NAREIT Real Estate 50 Index, which it previously followed.
***
Adoptions
As of September 1,
Columbia Management will
be the new investment advisor for the
EGShares Beyond BRICs ETF, the
EGShares EM Core ex-China ETF, the
EGShares EM Quality Dividend ETF, the
EGShares EM Strategic Opportunities ETF, the
EGShares Emerging Markets Consumer ETF, the
EGShares Emerging Markets Core ETF,
EGShares India Consumer ETF,
EGShares India Infrastructure ETF, and the
EGShares India Small Cap ETF. Columbia Threadneedle,
as reported by MFWire, just acquired EGA.
***
Portfolio Managers
As of September 1,
Joshua Rowe and
Ian Goltra will
serve as additional PMs to the
Orinda Income Opportunities Fund.
As of September 1,
Christopher Lo and
Frank Vallario will
be co-PMs of the
Columbia Sustainable Global Equity Income ETF, the
Columbia Sustainable International Equity Income ETF and the
Columbia Sustainable U.S. Equity Income ETF.
As of September 1,
Yulin Long will
no longer serve as PM of
American Century's
International Value Fund or
NT International Value Fund.
Vinod Chandrashekaran and
Elizabeth Xie will
take over as co-PMs.
On December 31,
Christopher J. Olson will
retire as co-PM of the
Columbia Thermostat Fund and as vice president of the Columbia Acorn Trust.
***
Closings and Reopenings
As of September 1,
Voya will
reopen the
JPMorgan Mid Cap Value Portfolio to all investors.
***
Money Fund Reform
On October 10, the
Dreyfus Institutional Cash Advantage Fund will
change the way it calculates its NAV and the way it handles redemptions.
On October 7, the
HSBC Prime Money Market Fund will
merge with and into the
HSBC U.S. Government Money Market Fund.
In December, shareholders will
vote on the merger of the
Wells Fargo Municipal Money Market Fund into the
Wells Fargo National Tax-Free Money Market Fund.
On October 14, restrictions will be
placed on the
Morgan Stanley Institutional Fund Trust, specifically for those wanting to move their money from Morgan Stanley funds into Morgan Stanley money funds.
***
Rebranding
On October 5, the
Cavanal Hill U.S. Large Cap Equity Fund shareholders will be voting on
renaming the fund to the
Multi Cap Equity Income Fund. If approved, the investment objective will shift also from "to seek growth of capital and, secondarily, income" to "to seek dividend income," effective December 31.
On September 12, the
Babson Capital Funds Trust will
undergo a name change to the
Barings Funds Trust.
***
Fees
Beginning October 14, the
Dreyfus Prime Money Market Fund will
impose liquidity fees if the weekly liquid assets fall below a certain amount.
As of July 1, the
Fidelity Large Cap Value Index Fund has
lowered the fund's annual operating expenses for the institutional and institutional premium classes by 20 bps.
***
Check our last Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires and fund launches, explore our People on the Move and New Fund Fuss columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com.
 
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