Fund Update

On June 1, 2017, American Independence Funds' advisor RiskX Investments, LLC renamed itself to Manifold Fund Advisors, LLC. The funds' subadvisor Fischer Francis Trees & Watts, Inc. renamed itself to BNP Paribas Asset Management USA, Inc.

On June 5, 2017, Janus Funds has renamed their following portfolios:

• The MSVP Janus Portfolio will be renamed MainStay VP Janus Henderson Balanced Portfolio
• The Janus Portfolio will be renamed Janus Henderson VIT Global Research Portfolio

On June 5, 2017, the Deutsche CROCI Sector Opportunities Fund has reclassified as a diversified fund.

On June 5, 2017, Janus Funds renamed their Janus SG Global Quality Income ETF to Janus Henderson SG Global Quality Income ETF following the merger of the Janus Capital Group, INC. and Henderson Group, Plc. on May 30, 2017.

On June 5, Janus Henderson changed the name of the Janus Diversified Alternatives Fund, to the Janus Henderson Diversified Alternatives Fund.

Fees

From July 1, 2017 through October 31, 2019, the Frontier Phocas Small Cap Value Fund, subadvised by Frontegra Asset Management, will waive its management fee.

Reorganization

On June 2, 2017, the board of trustees of Rainer Investment Management reorganized the following Rainer Funds into corresponding funds that are part of the Hennessy Funds Trust:

• The Rainier Small/Mid Cap Equity Fund will merge into the Hennessy Cornerstone Mid Cap 30 Fund
• The Rainier Mid Cap Equity Fund will merge into the Hennessy Cornerstone Mid Cap 30 Fund
• The Rainier Large Cap Equity Fund will merge into the Hennessy Cornerstone Large Cap Growth Fund

On June 19, 2017, Northern Lights' Ascendant Deep Value Convertibles Fund will be renamed to The Ascendant Deep Value Bond Fund and on August 4, 2017, the fund will change it's non-fundamental investment policy from investing at least 80 percent in convertible securities to investing at least 80 percent in bonds.

People

On June 1, Jeremy Gogos was added as PM to the Advantus Dynamic Managed Volatility Fund and the Advantus Managed Volatility Equity Fund.

Reorganizations

On June 1, Eagle Asset Management switched to being a mutual fund subadvisor. Eagle and affiliates ClariVest Asset Management and Cougar Global Investments will serve as subadvisors to The Eagle Funds while Carillon Towers will be the funds advisor. (Carillon, Raymond James' subsidiary, is the multi-boutique parent of Clarivest, Cougar, and Eagle).



Check our last Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires and fund launches, explore our Follow The Fundsters, The Next Gig, 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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