Contact Us : Help / Demo | My Saved Searches | FAQ | About Simfund Filing | Site Map

Fund Changes - Nov-17
 Fund Changes
 Weeklies History:

Fund Changes Weekly

Week 46: 11/13/2017-11/17/2017

BlackRock registers seven actively managed iShares Evolved U.S. sector ETFs, which will invest using data analysis capabilities of machine learning, natural language processing, and clustering algorithms applied to a company’s related data (such as regulatory filings and quarterly earnings reports) to identify sector-specific U.S. listed equity securities of large-, mid- and small-cap companies. It is anticipated that over time sector constituents will evolve dynamically to reflect changing business models...JPMorgan registers the JPMorgan Institutional Tax Free Money Market fund, an institutional money market fund which will invest 80% in municipal obligations (purchase minimums to establish an account will be $5,000,000 for Agency shares, $50,000,000 for Capital and IM shares, and $10,000,000 for Institutional Class shares)...The Vanguard REIT Index fund ($64.6 billion) and Vanguard REIT II Index fund ($6.4 billion) are each expected to adopt the MSCI US Investable Market Real Estate 25/50 Index as its benchmark sometime in the third quarter of 2018 (previously, the funds tracked the performance of the MSCI US REIT Index)...The Vanguard Institutional Index and Vanguard Institutional Total Stock Market Index funds ($233.7 billion and $43.4 billion, respectively) will restructure their fee for investment advisory, administrative, and distribution services, resulting in a lower expense ratio for Institutional Class shares (from 0.04% to 0.035%). The funds will also lower minimum initial investment amounts...Richard Malnight will replace Tobias Welo on the portfolio management team of the Fidelity Balanced fund ($32 billion); Richard Malnight and James McElligott will replace Robert Lee and Tobias Welo on the team managing the Fidelity Stock Selector All Cap fund ($8.7 billion); and Richard Malnight and Chip Perrone will join the team managing the Fidelity Series All Sector Equity fund ($6.4 billion), replacing Peter Dixon...Effective December 18, 2017, over sixty Fidelity funds will remove their redemption fees...Gene Tannuzzo will replace Brian Lavin and Carl Pappo on the portfolio management team of the Columbia Multi-Manager Total Return Bond Strategies fund ($7.7 billion) and Columbia Total Return Bond fund ($2.4 billion); Tae Han (Simon) Kim will join the management team of the Columbia Acorn International fund ($4.9 billion); and Jason Callan will replace Brian Lavin on the team managing the Columbia Strategic Income fund ($3.9 billion)...First Trust Advisors files the First Trust Indxx Blockchain ETF, the fourth blockchain technology focused fund filed this year (of five total), each of which was registered in November. The First Trust ETF will track the Indxx Global Blockchain Index, designed to track the performance of companies actively investing in, exploring, developing, or that have products based on, blockchain technology...SEI files the SEI Institutional Managed Trust (SIMT) Large Cap Index fund, which will track the Russell 1000 Index and will be sub-advised by SSGA Funds Management. (The fund plans to offer Class F shares, which will be available to financial institutions and intermediaries for their own or their customers' accounts, and anticipates a management fee of 0.05% and a total expense ratio of 0.68%)...   MORE>>

Week 45: 11/6/2017-11/10/2017

Wellington will replace HighMark Capital Management on the Nationwide fund, and the fund will lower its advisory fee. Six other Nationwide funds also replace HighMark with one of the following sub-advisors: Loomis Sayles, MFS, Diamond Hill Capital, or WCM Investment Management...Exchange Traded Concepts proposes two passively managed ETFs that will track indexes created by Innovation Labs: the InnovationShares Blockchain Innovators ETF, which will focus on a diversified group of publicly-listed companies that use, or are involved in cryptocurrency and blockchain (a decentralized digital public record or ledger of cryptocurrency transactions and ownership records) and registers the InnovationShares Next Generation Vehicles ETF, which will invest in companies involved in the development or use of or investment in new energy vehicles or autonomously driven vehicles...Effective May 1, 2018, Troy Ludgood will no longer serve as a portfolio manager of the John Hancock Funds II Core Bond fund (on November 9, 2017, Maulik Bhansali and Jarad Vasquez will join the fund's portfolio management team)...Effective December 15, 2017, Dreyfus will automatically convert Class C shares to Class A shares in the month of or month following the 10-year anniversary date of the purchase of the Class C shares...The Vanguard Total Corporate Bond ETF will commence operations on November 7, 2017...   MORE>>

Week 44: 10/30/2017-11/3/2017

BlackRock registers the actively managed iShares Gold Exposure ETF, which will seek to provide exposure (on a total return basis) to the price performance of gold through investment in exchange-traded gold futures contracts and other derivatives that correlate to the investment returns of physical gold, and exchange-traded products backed by or linked to physical gold, as well as implementing a cash management strategy through investments in cash and fixed-income securities...SEI files the SEI Institutional Investments Trust (SIIT) U.S. Equity Factor Allocation fund, which will invest 80% in equity and equity-related securities of U.S. companies of all capitalization ranges (and to a lesser extent in ADRs and interests in REITS), quantitatively categorizing and selecting securities based on certain factors, such as volatility, value, or share price performance...Effective November 2, 2017, the Vanguard Global Wellesley Income and Vanguard Global Wellington funds will be available for investment...Julian Albornoz will replace Stephen Balter and Christopher Galizio in managing the portion of the Strategic Advisers Growth fund allocated to FIAM, one of the fund's sub-advisors...Andrew Lo will no longer help manage the ASG Global Alternatives and ASG Managed Futures Strategy funds and will transition to a new role at AlphaSimplex Group as Chairman Emeritus and Senior Advisor...SandPointe Asset Management will join the sub-advisory team of the TIFF Multi-Asset fund, and will manage assets allocated to them using a strategy that seeks to take advantage of the systematic mispricings of U.S. equity and Volatility Index (VIX) futures, with the goal of producing uncorrelated returns that outperform the S&P 500 Index, while simultaneously providing investors with some degree of protection against major market corrections...The Dreyfus International Bond will lower its management fee from 0.60% to 0.50%...Legg Mason will rebrand its funds sub-advised by affiliate Brandywine Global, replacing "Legg Mason BW" in each fund's name with "BrandywineGLOBAL"...Columbia funds renamed Class Z, R4, R5 and Y shares to Institutional, Advisor, Institutional 2 and Institutional 3, respectively...   MORE>>

About Us | Contact Us | Site Map | Privacy Policy | Terms |
All Rights Reserved. No Reproduction without Prior Authorizations