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Monday, July 25, 2016 Stork and Reaper -- July 25, 2016 Fund Updates The Class 6 shares of the Federated Bond Fund will commence operations on or around Sept. 30. Reorganization The Janus Velocity Tail Risk Hedged Large Cap ETF and the Janus Velocity Volatility Hedged Large Cap ETF agreed to reorganize into the corresponding series of the Janus Detroit Street Trust on July 18. Management, Subadvisor and PM updates On July 5, Natalia Kerkis and Aline de Souza Cardoso took on the roles of senior equity PM and equity PM of the Bradesco Latin American Equity Fund, respectively. Series G series of shares of SMA Relationship Trust no longer has Nicholas Irish as a PM. Effective on August 1, the PIMCO EqS® Long/Short Fund will have John M. Devir and Benjamin Strom as PMs. Mustafa A. Jama retired as CIO of the Morgan Stanley AIP Fund of Hedge Funds team, PM and VP of the following funds: Alternative Investment Partners Absolute Return Fund; Alternative Partners Absolute Return Fund STS; AIP Macro Registered Fund A; AIP Macro Registered Fund P; AIP Multi-Strategy Fund A; AIP Multi-Strategy Fund P; AIP Long/Short Fund A and AIP Long/Short Fund P. He was replaced by Mark L.W. van der Zwan as the CIO and PM of the funds. Terminated Funds The iShares MSCI Emerging Markets Latin America ETF will no longer take orders after the close of business on Aug. 23, and the fund is scheduled to liquidate before Aug. 30. Future Funds The Oppenheimer ESG Revenue ETF and Oppenheimer Global ESG Revenue ETF will commence operations this October. ***
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