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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 2, 2016 Stork and Reaper -- August 2, 2016 Fund Updates As of Aug. 1, the Madison Corporate Bond Fund's benchmark is now Barclays U.S. Corporate Bond Index. It was changed to "better reflect the manner in which the fund is being managed." The Viking Mutual Funds, Viking Tax-Free Fund for Montana and Viking Tax-Free Fund for North Dakota, offer Class I shares as of Aug. 1. The iShares iBonds Sep 2020 Term Muni Bond ETF discontinued a contractual waiver on Aug. 1. The Integrity Energized Dividend Fund also offers Class I shares, as of Aug. 1. Fidelity reduced the management fee rate paid by the Fidelity® Series Global ex U.S. Index Fund's from 0.20 percent to 0.06 percent. On Aug. 1, Ziegler Capital Management entered an agreement with 1919 Investment Counsel, LLC so shareholders of the Ziegler FAMCO Covered Call Fund, a series of Trust for Advised Portfolios, and the 1919 Financial Services Funds, 1919 Socially Responsive Balanced Fund and 1919 Maryland Tax-Free Income Fund, can exchange shares. The BlackRock Investment Grade bond portfolio's name will change to BlackRock Managed Income Fund on Sept. 30. Management, Subadvisor and PM updates Calamos Asset Management outlines the terms of an employment agreement with the chief executive officer, John S. Koudounis. Strategy Shifts The Goldman Sachs Short-Term Conservative Income Fund will adopt a new investment strategy starting Aug. 16. This new objective is designed to "generate current income and secondarily maintain an emphasis on preservation of capital and liquidity." Terminated Funds The Neuberger Berman Flexible Select Fund, a series of the Neuberger Berman Alternative Funds, is set to be liquidated on or around Oct. 3. By Sept. 16, new or existing shareholders will no longer be able to purchase the fund's shares. The following iShares funds are scheduled to be liquidated before Aug. 24: iShares Enhanced International Large-Cap ETF; iShares Enhanced International Small-Cap ETF; iShares Enhanced U.S. Large-Cap ETF and iShares Enhanced U.S. Small-Cap ETF. ***
Check our last Stork and Reaper column for more SEC filing updates. For the latest new hires and fund launches, explore our People on the Move 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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