Fund Updates

Morgan Stanley Institutional Liquidity Funds has designated the Money Market Portfolio, the Prime Portfolio and the Tax-Exempt Portfolio as "institutional money market funds" starting on Oct. 7.

The Vanguard Dividend Growth Fund is closed to new investors, with a few exceptions, and there is no time set for the fund to reopen.

The BlackRock Liquidity funds (TempFund, TempCash and MuniCash) and three funds in BlackRock Funds III (BlackRock Cash Funds: Institutional and BlackRock Cash Funds: Prime) will be designated as the Institutional Money Market Funds on or around Oct. 11.

The "Oppenheimer Cash Reserves," "Oppenheimer Institutional Money Market Fund" and "Oppenheimer Money Market Fund" will be changed to "Oppenheimer Government Cash Reserves," "Oppenheimer Institutional Government Money Market Fund" and "Oppenheimer Government Money Market Fund," respectively, on Sept. 28.

Management, Subadvisor and PM updates

John P. McCarthy is a senior PM for the Delaware VIP Diversified Income Series, the Delaware Limited-Term Diversified Income Fund and the Delaware Diversified Income Fund as of this July.

Wayne A. Anglace is a vice president and senior PM of the Delaware Corporate Bond as of this July.

The Delaware Emerging Markets Debt Fund gained three new PMs this July: Mansur Z. Rasul; Chungwei Hsia and Sean H. Simmons.

Strategy Shifts

The Federated Capital Income Fund will will change their investment strategy on Aug. 31. The fund's newly-updated Blender Index benchmark will be composed of 40 percent Rusell 1000® Value Index instead of 40 percent Dow Jones U.S. Select Dividend Index.

The Global Unconstrained Bond Portfolio will alter its investment strategies to "expand the Portfolio's ability to invest in commodity-linked investments." The portfolio will invest in Janus Aspen Global Unconstrained Bond Subsidiary, Ltd starting Oct. 5.

The Janus Global Unconstrained Bond Fund's investment strategies will expand. On Oct. 5, the fund will be able to invest in Janus Global Unconstrained Bond Subsidiary, Ltd for more exposure to commodity-linked investments.

Reorganizations

The High Yield Portfolio, a series of AB Pooling Portfolios ("the accounting survivor"), was acquired by the AB High Yield Portfolio in a reorganization.

Terminated Funds

The Lazard Funds, Inc's board of directors approved the liquidation of the Lazard US Mid Cap Equity Portfolio. The liquidation process will begin immediately and the assets will be distributed to shareholders around Aug. 31.

Check back as we keep an eye on people moves in the future. 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 that you would like to point out, or 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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