Amana Mutual Funds Trust

MainStay MacKay DefinedTerm Municipal Opportunities Fund and MainStay CBRE Global Infrastructure Megatrends Fund Announce Naïm Abou-Jaoudé Joins the Board of Trustees

Retrieved on: 
Wednesday, June 7, 2023

NEW YORK, June 7, 2023 /PRNewswire/ -- New York Life Investments today announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Funds") as a Class III Trustee.

Key Points: 
  • NEW YORK, June 7, 2023 /PRNewswire/ -- New York Life Investments today announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Funds") as a Class III Trustee.
  • Mr. Abou-Jaoudé was recently announced as the new Chief Executive Officer of New York Life Investment Management LLC (NYLIM), and previously served as the Chairman and Chief Executive Officer of Candriam since 2007.
  • The size of each Fund's Board of Trustees will be increased to seven, also effective today, six of whom are independent.
  • For additional information on each of the Funds, including information about risk, charges and expenses, please visit the website here for MMD, or the website here for MEGI, or call the shareholder servicing agent at (855) 456-9683.

Victory Capital to Expand Direct Investor Business With the Addition of Brokerage Capabilities

Retrieved on: 
Thursday, February 23, 2023

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced plans to expand its Direct Investor Business in the early part of the second quarter of 2023 to include brokerage capabilities.

Key Points: 
  • Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced plans to expand its Direct Investor Business in the early part of the second quarter of 2023 to include brokerage capabilities.
  • “We have a very loyal direct investor base with a long average tenure investing in our products,” said David Brown, Chairman and Chief Executive Officer of Victory Capital.
  • “We’re expanding our capabilities to offer our investors more choice and flexibility.”
    “In the future, investors will be able to leverage our open architecture brokerage option to invest in mutual funds and ETFs from Victory Capital along with individual stocks and third-party mutual funds and ETFs,” Mr. Brown added.
  • Of course, individuals can also continue to invest directly in the Victory Funds and our 529 education savings plan.”
    Concurrent with the launch of its brokerage arm, Victory Capital intends to introduce new branding for the Direct Investor Business as a whole that highlights the expanded capabilities and inspires investors to get started on their journey to financial wellness.

DTF TAX-FREE INCOME 2028 TERM FUND INC. ANNOUNCES NEW PORTFOLIO MANAGEMENT TEAM

Retrieved on: 
Monday, June 13, 2022

CHICAGO, June 13, 2022 /PRNewswire/ -- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Investment Adviser"), today announced that, effective on July 1, 2022, Ronald H. Schwartz, CFA and Dusty L. Self have been appointed by the Investment Adviser as portfolio managers of the Fund, and have also been appointed by the Fund's Board of Directors as Vice Presidents of the Fund.

Key Points: 
  • CHICAGO, June 13, 2022 /PRNewswire/ -- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Investment Adviser"), today announced that, effective on July 1, 2022, Ronald H. Schwartz, CFA and Dusty L. Self have been appointed by the Investment Adviser as portfolio managers of the Fund, and have also been appointed by the Fund's Board of Directors as Vice Presidents of the Fund.
  • Mr. Schwartz and Ms. Self will assume the portfolio management responsibilities of Lisa H. Leonard, Chief Investment Officer and Vice President of the Fund, who will retire from her position effective June 30, 2022.
  • DTF Tax-Free Income 2028 Term Fund Inc. is a closed-end diversified investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital.
  • The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations.

Hennessy Funds Announces New Independent Trustee

Retrieved on: 
Wednesday, December 8, 2021

NOVATO, Calif., Dec. 8, 2021 /PRNewswire/ --Hennessy Funds Trust today announced that ClaireGarvie has been named to the Hennessy Funds Board of Trustees.

Key Points: 
  • NOVATO, Calif., Dec. 8, 2021 /PRNewswire/ --Hennessy Funds Trust today announced that ClaireGarvie has been named to the Hennessy Funds Board of Trustees.
  • "We are excited to appoint Claire as a full trustee of Hennessy Funds Trust," said Neil Hennessy, Chairman of the Board and the President of Hennessy Funds.
  • Ms. Garvie joins the Board as the fifth trustee and fourth independent trustee, and she will serve Hennessy Funds shareholders alongside Neil Hennessy, Gerald Richardson, Bob Doyle, and DennisDeSousa.
  • Hennessy Funds offers a wide range of domestic equity, multiasset, and sector and specialty mutual funds.

Adviser to Ave Maria Mutual Funds Announces Portfolio Manager Promotions

Retrieved on: 
Monday, January 4, 2021

Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds, has announced portfolio manager promotions effective January 1, 2021.

Key Points: 
  • Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds, has announced portfolio manager promotions effective January 1, 2021.
  • For the Ave Maria Value Fund (Ticker: AVEMX), Ryan M. Kuyawa, CFA was named co- Portfolio Manager, joining Lead Portfolio Manager Timothy S. Schwartz, CFA.
  • Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with over $2.6 billion in assets under management.
  • In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds financial and moral criteria.

Adviser to Ave Maria Mutual Funds Announces Portfolio Manager Changes and Promotions

Retrieved on: 
Thursday, January 2, 2020

Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds, has announced portfolio manager changes and promotions effective January 1, 2020.

Key Points: 
  • Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds, has announced portfolio manager changes and promotions effective January 1, 2020.
  • For the Ave Maria Bond Fund (Ticker: AVEFX), George P. Schwartz, CFA was named co-Portfolio Manager, joining Lead Portfolio Manager Brandon S. Scheitler.
  • Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with $2.6 billion in assets under management.
  • In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds financial and moral criteria.

Sukuk-Focused Amana Participation Fund Attracts $100 Million in Assets

Retrieved on: 
Monday, November 25, 2019

BELLINGHAM, Wash., Nov. 25, 2019 /PRNewswire-PRWeb/ -- Saturna Capital Corporation (Saturna), adviser to the Amana Mutual Funds , announced that the Amana Participation Fund (AMAPX, AMIPX) , which invests primarily in income-producing securities called sukuk, has surpassed a milestone $100 million in assets.

Key Points: 
  • BELLINGHAM, Wash., Nov. 25, 2019 /PRNewswire-PRWeb/ -- Saturna Capital Corporation (Saturna), adviser to the Amana Mutual Funds , announced that the Amana Participation Fund (AMAPX, AMIPX) , which invests primarily in income-producing securities called sukuk, has surpassed a milestone $100 million in assets.
  • The Participation Fund is the first mutual fund for US investors with a portfolio focusing exclusively on sukuk and Sharia compliant investment certificates.
  • "We view this as an important milestone in the success of the Participation Fund as well as Saturna Capital.
  • The risks of foreign investing are generally magnified in the smaller and more volatile securities markets of the Participation Fund.

Saturna Capital Releases 2019 Impact Report Highlighting Role of Sustainable Funds

Retrieved on: 
Tuesday, August 27, 2019

"Our annual Impact Report communicates how we think about sustainability from an investment perspective," said Jane Carten, president of Saturna Capital and portfolio manager of the Saturna Sustainable Equity Fund.

Key Points: 
  • "Our annual Impact Report communicates how we think about sustainability from an investment perspective," said Jane Carten, president of Saturna Capital and portfolio manager of the Saturna Sustainable Equity Fund.
  • The Report details how the portfolio holdings of the Saturna Sustainable Funds align to the individual SDGs.
  • Saturna Capital is also adviser to the US-based Sextant Mutual Funds and Saturna Sustainable Funds.
  • The Saturna Sustainable Funds limit the securities they purchase to those consistent with sustainable principles.

Saturna Sdn Bhd Names New President

Retrieved on: 
Wednesday, March 20, 2019

Saturna Sdn Bhd , a wholly-owned subsidiary of US-based Saturna Capital Corporation , recently announced the appointment of Shahariah Shaharudin as its new president.

Key Points: 
  • Saturna Sdn Bhd , a wholly-owned subsidiary of US-based Saturna Capital Corporation , recently announced the appointment of Shahariah Shaharudin as its new president.
  • Saturna Sdn Bhd, located in Kuala Lumpur, Malaysia, is a wholly-owned subsidiary of Saturna Capital that specializes in Islamic-compliant investment advisory services for individuals and institutions.
  • Saturna Sdn Bhd is a licensed Islamic fund manager under the Securities Commission of Malaysia, and is adviser to the ASEAN Equity Fund, and the ICD Global Sustainable Fund.
  • For more information about Saturna Sdn Bhd, visit www.saturna.com.my .

Saturna Sdn Bhd Wins Best ESG Investment Initiative at Islamic Business & Finance Southeast Asia Awards

Retrieved on: 
Wednesday, January 16, 2019

Saturna Sdn Bhd , a wholly-owned subsidiary of US-based Saturna Capital Corporation , received the Best ESG Investment Initiative Award during the Islamic Business & Finance Southeast Asia Awards held on December 4, 2018.

Key Points: 
  • Saturna Sdn Bhd , a wholly-owned subsidiary of US-based Saturna Capital Corporation , received the Best ESG Investment Initiative Award during the Islamic Business & Finance Southeast Asia Awards held on December 4, 2018.
  • We are honored to have been awarded Best ESG Investment Initiative at the second annual Southeast Asia Awards, said Shahariah Shaharudin, acting President of Saturna Sdn Bhd.
  • In June 2017, Saturna Sdn Bhd joined the leading edge of asset managers integrating Islamic and sustainable investment strategies with the launch of the ICD Global Sustainable Fund .
  • Saturna Sdn Bhd, located in Kuala Lumpur, Malaysia, is a wholly-owned subsidiary of Saturna Capital Corporation that specializes in Islamic-compliant investment advisory services for individuals and institutions.