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Fund Changes - Dec-18
 Fund Changes
 Weeklies History:

Fund Changes Weekly


Week 50: 12/10/2018-12/14/2018

Five Schwab Index funds lowered their advisory fee, including the Schwab S&P 500 Index fund ($32.1 billion), which went from 0.03% to 0.02%, and the Schwab Small-Cap Index fund ($3.5 billion), which reduced from 0.05% to 0.04%...BlackRock registers the actively managed BlackRock U.S. Equity Factor Rotation ETF, which will seek to outperform the investment results of the large- and mid-cap U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model, which will consider momentum, quality, value, size, and minimum volatility. BlackRock also files the iShares MSCI Japan Value ETF, which will track an index composed of large- and mid-cap Japanese equities with value characteristics...John Hancock registers the smart beta John Hancock Multifactor Media and Communications ETF, which will track an index composed of securities in the media and communications sector within the U.S. universe whose market caps are larger than that of the 1001st largest U.S. company at the time of reconstitution (securities will be classified according to their market cap, relative price, and profitability, and weighted according to a rules-based process)...Invesco plans to liquidate nineteen ETFs...MainStay will reorganize each of its MainStay Retirement target date funds into a corresponding MainStay target-risk fund...Hartford files the Hartford Schroders Securitized Income fund, which will invest in U.S and foreign fixed and floating rate securitized credit instruments and expects to maintain a dollar weighted average duration of 3 years or less...J.P. Morgan and Hotchkis & Wiley will join the sub-advisory team of the Columbia Multi-Manager Small Cap Equity Strategies fund ($1.65 billion), replacing Dalton Greiner Hartman Maher & Co. and EAM Investors (BMO Asset Management and Conestoga Capital will continue to help manage the fund)...The Janus Henderson Short-Term Bond fund ($1.34 billion) will reduce its management fee to a flat fee of 0.44% (previously, the fund charged 0.64% on the first $300 million and 0.54% thereafter)...The Columbia Small Cap Value II fund ($1.2 billion) will re-open to new investors and new accounts by existing investors effective January 14, 2019...Sheldon Lieberman of Hotchkis & Wiley will no longer serve on the portfolio management team of the American Beacon Large Cap Value fund ($5.4 billion) (other members of the Hotchkis & Wiley team will continue to help manage the fund)...Chad Farrington will join the portfolio management teams of the DWS Managed Municipal Bond fund ($4 billion) and DWS Strategic High Yield Tax-Free fund ($1.1 billion)...James Bristow will no longer serve on the management team of the BlackRock Global Dividend fund ($1.89 billion), and effective April 30, 2019, Stuart Reeve will retire from BlackRock and no longer serve as a portfolio manager to the fund...   MORE>>


Week 49: 12/3/2018-12/7/2018

BlackRock registers two actively managed ETFs: the iShares Commodity Curve Carry Strategy ETF, which will seek to provide exposure to a group of commodities with high backwardation providing a higher positive carry positioning than a broad universe of commodities, and the iShares Commodity Multi-Strategy ETF, which will seek to provide exposure to commodities with characteristics of carry, momentum, and value...Nuveen proposes the Nushares ESG High Yield Corporate Bond ETF, which will be sub-advised by Teachers Advisors and will track an index comprised of U.S. dollar-denominated high yield corporate bonds (low- to medium-quality bonds rated BBB/Baa or lower) with above average liquidity that meet certain ESG criteria...JPMorgan adds to its BetaBuilders ETF family with the registration of the JPMorgan BetaBuilders U.S. Equity ETF and JPMorgan BetaBuilders 15 Year U.S. Aggregate Bond ETF...Calvin Ho will replace Sonal Desai on the portfolio management team of the Templeton Global Bond fund ($33.5 billion) and Templeton Global Total Return fund ($5.1 billion); and Desai will replace Christopher J. Molumphy on the team managing the Franklin Strategic Income fund ($5.1 billion), Franklin Total Return fund ($4 billion), and Franklin Low Duration Total Return fund ($2.89 billion)...Gustaf C. Zinn will no longer co-manage the Ivy Core Equity fund ($3.9 billion), leaving Erik R. Becker as the sole portfolio manager to the fund; and Zinn and John Bichelmeyer will co-manage the Ivy Accumulative fund ($1.2 billion), replacing Barry M. Ogden...The Invesco High Yield Municipal fund ($8.89 billion) will open to all investors effective December 20, 2018...In compliance with the SEC's new Liquidity Rule that went into effect December 1, 2018, several fund companies updated their policy regarding illiquid securities, including BlackRock, DWS, and Janus...JPMorgan funds will lower their fee paid to J.P. Morgan Investment Management for administration services...Wells Fargo files the Wells Fargo Global Investment Grade Credit fund, which will invest 80% in a diversified portfolio of investment grade credit debt securities issued by U.S. or foreign corporate issuers (with at least 40% invested outside the U.S.)...Maura Shaughnessy will leave the team managing the MFS Utilities fund ($3 billion)...Caleb Wong will no longer help manage the Oppenheimer Portfolio Series: Active Allocation fund ($2.1 billion), leaving Jeffrey Bennett as the sole portfolio manager to the fund...   MORE>>


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