Mutual Fund News

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management announces reduction of operating expense ratios for 4 equity index ETFs and forward share splits on 6 Schwab mutual funds....

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 30, 2025 to holders of record as of June 18, 2025....

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that, at a special meeting of stockholders of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, stockholders approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund (the "Acquiring Fund"), a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund. As previously announced, the reorganization was approved by the Board of Directors of the F...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the Monthly distribution for First Trust Enhanced Short Maturity ETF, a series of First Trust Exchange-Traded Fund IV. The following dates apply to today's distribution declaration: Expected Ex-Dividend Date: May 30, 2025 Record Date: May 30, 2025 Payable Date: June 3, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS    First Trust Exch...

DETROIT--(BUSINESS WIRE)--Molina Healthcare of Michigan and The MolinaCares Accord pledge $150,000 to Wayne Metro Community Action Agency to improve housing security....

TORONTO--(BUSINESS WIRE)--CI Global Asset Management launches mutual fund series of three CI GAM ETFs, providing expanded access to timely investment mandates....

BOSTON--(BUSINESS WIRE)--Loomis, Sayles & Company celebrates the twenty-year anniversary of the Loomis Sayles Small Cap Growth strategy, co-managed by Mark Burns and John Slavik since its 1 April 2005 inception. The Specialty Growth Strategy (SGS) Team has $5.5 billion in total assets under management as of 31 March 2025 across three products: Small Cap Growth, Small/Mid Cap Growth, and Mid Cap Growth. Following a successful soft close of the Small Cap Growth strategy at the end of 2019, th...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   May 21, 2025 Record Date:   May 21, 2025 Payable Date:   May 30, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Tr...

TAMPA, Fla.--(BUSINESS WIRE)--Suncoast Equity Management launches its first actively managed exchange-traded fund: the Suncoast Select Growth Fund....

WAYNE, Pa.--(BUSINESS WIRE)--Hartford Funds, a leading asset manager, has announced that it will close and liquidate four exchange-traded funds. Hartford Funds’ commitment to responding to investors’ needs includes a regular review of its product lineup, which has led to a decision to liquidate the following funds: Hartford Schroders Commodity Strategy ETF (HCOM), a series of Hartford Funds Exchange-Traded Trust, and Hartford Longevity Economy ETF (HLGE), Hartford Multifactor Diversified Intern...