Ever consistent, the Stork came through today as two companies filed for funds.

Prudential Investments [profile] filed for its Short Duration High Yield Income Fund which looks to provide a high level of current income. The fund will commence operations in October 2012 and be managed by Paul Appleby. [SEC Filing]

State Street [ profile] filed for three funds: Ultra Short Term Bond ETF, Conservative Ultra Short Term Bond, and Aggressive Ultra Short Term Bond ETF. The funds are part of a "master-feeder" structure, where each fund invests in a separate mutual fund similar to the fund. The funds will be managed by Tom Connelley and Maria Pino. [SEC Filing]

The Reaper claimed a fund today.

Johnson Investment Counsel plans to liquidate its Disciplined Small-Cap Fund. Reasons stem from the fund's small asset size and high operating costs. As of August 1, 2012, the fund has $6.1 million in AUM, according to Morningstar The fund will terminate on October 3, 2012. [SEC Filing]

Additionally, other funds are being reorganized.

AllianceBernstein [profile] has also approved proposals to change the name of its Small/Mid Cap Growth Fund to Discovery Growth Fund. It will also rename its Small/Mid Cap Value Fund to Discovery Value Fund. [SEC Filing]

Virtus Investment Partners [profile] added Francesco Ossino to the portfolio management team for its Senior Floating Rate Fund. [SEC Filing]

Finally, Maxim Funds has added Charlie Ko as PM to its Invesco Small-Cap Value Portfolio. Maxim Funds offers 63 investment portfolios, which operates as a separate mutual fund with its own investment objectives and strategies. [SEC Filing]  

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