Rebranding

On June 30, the Guggenheim Enhanced Short Duration ETF will undergo a name change and become the Guggenheim Ultra Short Duration ETF.

Fund Liquidations

On June 30, the RiverPark Structural Alpha Fund will liquidate.

On June 29, the Scout Emerging Markets Fund, Scout Global Equity Fund and the Scout Equity Opportunity Fund, will liquidate.

On June 30, the State Street Institutional U.S. Large-Cap Core Equity Fund will liquidate.

Fund Closes

On June 15, the Meridian Growth Fund will no longer accept offers to purchase Investor Class, Class A and Class C shares of the fund, albeit a few exceptions.

On June 26, the Monte Chesapeake Macro Strategies Fund will close the public offering of its shares, including the Class A Shares (MHBAX), the Class C Shares (MHBCX), and the Class I Shares (MHBIX).

Fund Updates

On May 30, John Hancock's Financial Industries Trust lost its status as a non-diversified fund. From here on, the fund will operate as a diversified fund.

On July 13, advisor M Class of the Fidelity Government Money Market Fund will replace Daily Money Class shares of Fidelity funds as an exchange privilege for Class M shareholders.

After a meeting held on May 25, Rydex Series Funds and its advisor, Security Investors have decided to revise the principal investment strategies for the Guggenheim Long Short Equity Fund, effective immediately.

Subadvisors

On June 6, Valic Company II changed its subadvisor for its Mid Cap Growth Fund from Wells Capital Management Incorporated to Wellington Management. In addition, the benchmark index of this fund will change from the Russell Midcap Growth Index to the S&P MidCap 400 Index.

Fees

On June 1, UBS will waive 4 bps of its management and administrative fees for its Select Prime Institutional Fund until June 30.

On June 1, the Palmer Square Opportunistic Income Fund will lower its minimum initial investment from $5 million, to $250,000.



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 Follow The Fundsters, The Next Gig, 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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