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Fund Changes - Jun-17
 Fund Changes
 Weeklies History:

Fund Changes Weekly


Week 25: 6/19/2017-6/23/2017

Nationwide registers five passive ETFs: two tracking equal risk-weighted indexes developed by Rothschild Risk Based Investments and three tracking socially conscious indexes developed by TOBAM S.A.S. that use a quantitative model to weight companies based on volatility and correlation to the other index constituents with the goal of lowering the overall volatility of the index and maintaining diversification...Morgan Stanley Alternative Investment Partners (AIP) registers a closed-end, interval fund, the AIP Alternative Lending Fund P, and its master fund, which will invest in alternative lending securities [loans originated through non-traditional, or alternative, lending platforms (non-bank)] that generate interest or other income streams that offer access to "credit risk premium," defined as the difference in return between obligations viewed as risk free, such as high-quality, short-term government debt securities, and securities issued by private entities or other entities which are subject to credit risk...John P. Toohey will no longer help manage the USAA Cornerstone risk-based funds, and Dan Denbow will leave the team managing the USAA Cornerstone Moderately Aggressive fund...Oliver Bunn will replace Alex Chung as a co-manager to the Goldman Sachs Absolute Return Tracker fund, and Christian Morgenstern will replace Alex Chung as a co-manager to the Goldman Sachs Strategic Factor Allocation fund…Magnetar Asset Management will replace FT AlphaParity on the sub-advisory team of the Blackstone Alternative Multi-Strategy fund...Several Prudential funds will contractually reduce their management fee rate, including the Prudential Global Real Estate, Prudential Jennison Equity Income, and Prudential Jennison MLP funds, among others...   MORE>>


Week 24: 6/12/2017-6/16/2017

Dennis Stattman has announced his plans to retire from BlackRock and will no longer serve as a portfolio manager of the BlackRock Global Allocation Fund, Inc. effective August 1, 2017...Goldman Sachs registers the Goldman Sachs Tactical Exposure fund, which will invest in passive investment products, including affiliated and unaffiliated underlying funds and ETFs, based on short-term or medium-term market views on a variety of asset classes and instruments...TCW proposes the TCW Global Artificial Intelligence Equity fund, which will invest at least 80% in publicly traded equity securities of growth businesses that benefit (or have the potential to benefit) from advances in the use of artificial intelligence, using bottom up fundamental research to identify such companies...AB files the AB Impact Municipal Income Shares fund, which will invest in high-yielding municipal securities of any credit quality that score highly on environmental, social, and governance criteria, favoring investments in underserved or low socio-economic communities...Sarah J. Wade will join the portfolio management team of the Nuveen Real Estate Securities fund...Scott Wittman has announced his plans to leave American Century Investments and will no longer manage the American Century One Choice risk-based and target date funds, among other American Century funds, effective June 30, 2017...Invesco PowerShares registers six new "PureBeta" ETFs...After selling its operating business to Verizon Communications, Yahoo! Inc. changed its name to Altaba Inc. and registered as an independent, publicly traded, closed-end management investment company...Precidian proposes nineteen ETFs that will each invest 95% of net assets in American Depositary Receipts of a single foreign company and will also invest in a currency swap designed to hedge against fluctuations in the exchange rate between the U.S. dollar and the local currency. The companies in which each ETF will invest focus on specific sectors that run the gamut from global healthcare, telecommunications, natural resources, the auto industry, multinational beverage companies to financial services...ETF Managers Group files the actively managed Equbot with Watson AI Total US ETF, which will be sub-advised by Equbot and will leverage IBM’s Watson AI (artificial intelligence) to conduct an objective, fundamental analysis of U.S.-listed common stocks and REITs based on up to ten years of historical data and apply that analysis to recent economic and news data...Eagle Asset Management will replace William Blair on the team sub-advising the Principal MidCap Growth Fund III...Corsair Capital Management will no longer be part of the sub-advisory team of the Goldman Sachs Multi-Manager Alternatives fund...   MORE>>


Week 23: 6/5/2017-6/9/2017

Kevin Walenta will replace Court Dignan as portfolio manager to the Fidelity Mid Cap Value fund...T. Rowe Price registers the T. Rowe Price Multi-Strategy Total Return fund, which will use a wide range of alternative strategies in an effort to provide strong risk-adjusted returns, pursue positive returns through various market environments, and maintain low overall volatility...Bruce C. Baughman will no longer co-manage the Franklin Rising Dividends fund, Donald G. Taylor will no longer help manage the Franklin Small Cap Value fund, Christopher Lee will leave the team managing the Franklin Biotechnology Discovery fund, and Daniel Perrin will join Grace Hoefig as a portfolio manager to the Franklin Balance Sheet Investment fund, replacing Bruce C. Baughman and Donald G. Taylor...Harris Associates will leave the sub-advisory team of the Russell Global Equity fund, Barings will replace Oaktree Capital Management as a sub-advisor on the team managing the Russell Global Opportunistic Credit fund, and Oaktree Capital Management will join the sub-advisory teams of the Russell Multi-Strategy Income and Russell Multi-Asset Growth Strategy funds...Eight BlackRock bond funds will reduce their contractual management fees, including the BlackRock Inflation Protected Bond, BlackRock GNMA, BlackRock Low Duration, BlackRock New Jersey Municipal Bond, BlackRock Pennsylvania Municipal Bond, BlackRock National Municipal, BlackRock Short-Term Municipal, and BlackRock U.S. Government Bond funds...The Longleaf Partners fund will close to new investors effective June 9, 2017...Russell will liquidate its LifePoints target date series October 6, 2017...The Pacific Financial Group files thirteen fund of funds which will select underlying funds and other securities using software technology that provides an estimate of the volatility of a portfolio over a forward-looking rolling twelve-month period...   MORE>>


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