First American Funds
plans to merge its Income
into the Strategy Conservative Allocation Fund
. The shareholder vote is slated for May 19.
The Minneapolis-based fund firm also plans to change the investment strategy
and name of its Small-Mid Cap Core Fund
. Instead of investing mainly in
both small and mid-cap stocks, the fund will focus primarily on
mid-caps. The fund will then become known as First American
Mid Cap Select Fund
. The switch will go into effect May 4.
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