Personel
Brookfield Investment Funds, sponsored by
Quasar Distributors and advised by
Brookfield Investment Management,
welcomed a new chief compliance officer last week.
Adam Sachs replaced
Seth Gelman, who recently resigned, on October 11. Sachs is also a CCO of
Brookfield Investment Management Canada. The fund is a series of four publicly traded funds and one fund that is not currently open for public trading.
***
Share Classes
Advised by
Brandes Investment Partners, the
Brandes Core Plus Fixed Income Fund is
opening Class R6 shares to purchase. The shares are available starting October 11.
Prudential Funds is making major changes to share classes of 26 portfolios and funds, encompassing over 60 funds, in June of 2018. Classes A, C, R, and Z -- if currently available -- will be
closed to new group retirement investors on June 1, 2018. Some exceptions will be allowed, including pre-approved plans that are in the process of negotiation prior to the closing date and new groups affiliated with existing plans.
Affected Portfolios and Funds
- The Prudential Investment Portfolios, Inc.
- Prudential Investment Portfolios 3
- Prudential Investment Portfolios 4
- Prudential Investment Portfolios 5
- Prudential Investment Portfolios 5
- Prudential Investment Portfolios 7
- Prudential Investment Portfolios 8
- Prudential Investment Portfolios 9
- Prudential Investment Portfolios 10, Inc.
- Prudential Investment Portfolios 12
- Prudential Investment Portfolios, Inc. 14
- Prudential Investment Portfolios, Inc. 15
- Prudential Investment Portfolios 16
- Prudential Investment Portfolios, Inc. 17
- Prudential Investment Portfolios 18
- Prudential National Muni Fund, Inc.
- Prudential Jennison Blend Fund, Inc.
- Prudential Sector Funds, Inc.
- Prudential World Fund, Inc.
- Prudential Jennison Mid-Cap Growth Fund, Inc.
- Prudential Jennison Small Company Fund, Inc.
- Prudential Jennison Natural Resources Fund, Inc.
- Prudential Global Total Return Fund, Inc.
- Prudential Short-Term Corporate Bond Fund, Inc.
- Prudential Government Money Market Fund, Inc.
- Target Portfolio Trust
***
PMs
On October 22,
Kevin Buckle,
James Lisko, and
Robert Sydow are
leaving their positions as PMs for the
PIA High Yield Fund, a MF offered through
Pacific Income Advisors.
Lloyd McAdams is staying on in his current role as co-PM, and
Michael Y. Yean will immediately fill the new vacancies also as co-PM.
The retirement date of
MFS Variable Insurance Trust and
MFS Series Trust PM
David Mannheim was
finalized this week. Earlier filings gave a vague timespan of "a date between June 2017 and June 2018," but the official retirement date is now April 15, 2018.
***
Liquidations
Victory Funds is liquidating seven funds this December. Three will come from its CEMP investment franchise, three from Victory Capital, and one from Sophus Capital. Funds will liquidate on December 15, but it closed to new investors on October 11. Existing investors may continue to make additional investments until the close of business on December 8.
CEMP
Victory Capital
Sophus Capital
***
Reorganization
JPMorgan is
merging two of its funds this month. On October 27, the
JPMorgan Dynamic Growth Fund will be reorganized into the
JPMorgan Large Cap Growth Fund, a series of
JPMorgan Trust II. Share classes will stay consistent across the merger.
CCA Aggressive Return Fund reorganized, becoming a series of the
MSS Series Trust.
Arbor Court Capital is the distributor,
Checchi Capital Advisors is the investment advisor,
Adam Checchi and
Samuel Pfister will serve as PMs, and
US Bank is the custodian.
***
Rebranding
Nuveen Large Cap Growth Opportunities reorganized into
Nuveen Large Cap Growth Fund this week. Additionally,
Nuveen Large Cap Core Plus Fund reorganized into
Nuveen Large Cap Core Fund.
***
Check our previous Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires, fund launches, and industry statistics, explore our Follow The Fundsters, New Fund Fuss, and AUM Update 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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