Mutual funds

Putnam Investments Recognized by DALBAR for Superior Client Service for 31st Consecutive Year

Retrieved on: 
Thursday, December 10, 2020
Banking, Professional services, Finance, Putnam Investments, Mutual funds, DALBAR, Putnam Investments

Putnam Investments announced today that it has been recognized by DALBAR for mutual fund service quality for the 31st consecutive year.

Key Points: 
  • Putnam Investments announced today that it has been recognized by DALBAR for mutual fund service quality for the 31st consecutive year.
  • The acknowledgement of Putnams work in this area includes being named a DALBAR Mutual Fund Service Award winner and recipient of DALBARs Total Client Experience Award.
  • For over three decades, DALBAR has conducted rigorous, systematic and yearlong testing of customer service based on industry benchmarks and has identified service providers that exceed industry standards.
  • The DALBAR Service Awards are given annually by DALBAR, Inc., a leading financial services market research and consulting firm to elite service providers.

DALBAR Recognizes Mutual Fund Providers For Best-In-Class Service to Shareholders

Retrieved on: 
Thursday, December 10, 2020
Mutual funds, Audit

We recognize that having a friendly, competent and efficient representative available to help shareholders when they need to call their mutual fund providers is more important now than ever.

Key Points: 
  • We recognize that having a friendly, competent and efficient representative available to help shareholders when they need to call their mutual fund providers is more important now than ever.
  • The Mutual Fund Service Award is earned through an objective and rigorous third-party audit of the quality of contact center interactions with mutual fund shareholders.
  • Telephone service experiences are reviewed against detailed criteria based on superior service standards and industry best practices.
  • DALBAR, Inc. is the financial community's leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service.

Domini Impact Equity Fund Ranks in Top 1% of Morningstar US Fund Large Blend Category for 1-Year Period Ended December 1, 2020

Retrieved on: 
Tuesday, December 8, 2020
Other Consumer, Women, Other Retail, Finance, Banking, MEN, Professional services, Consumer, Retail, Other Professional Services, Finance, Money, Economy, Investment, Mutual funds, Institutional investors, Corporate social responsibility, Social finance, Rate of return, Stock fund, Impact investing, Morningstar, Inc.

Domini Impact Investments LLC (Domini), an investment adviser specializing exclusively in impact investing, today announced that the Domini Impact Equity Fund, the firms flagship fund launched in 1991, ranked in the top 1% of its Morningstar category for the one-year period ended December 1, 2020 .

Key Points: 
  • Domini Impact Investments LLC (Domini), an investment adviser specializing exclusively in impact investing, today announced that the Domini Impact Equity Fund, the firms flagship fund launched in 1991, ranked in the top 1% of its Morningstar category for the one-year period ended December 1, 2020 .
  • Following successful implementation of this new strategy, the Domini Impact Equity Fund Investor shares (ticker symbol: DSEFX) ranked in the top 1% of the US Fund Large Blend category of mutual funds for the one-year period ended December 1, 2020, as calculated by Morningstar, a respected mutual fund ranking service, based on risk-adjusted total return.
  • The Fund also ranked in the top 1% of the same category of mutual funds for the one-year period ended September 30, 2020, based on risk-adjusted total return.
  • Morningstar calculates Category % Rank based on a funds risk-adjusted total return percentile rank relative to all funds in the same category.

RiverNorth Closed-End Funds Declare Year-End Capital Gain Distributions

Retrieved on: 
Friday, December 4, 2020
Professional services, Finance, Finance, Money, Economy, Mutual funds, Investment funds, Institutional investors, Rate of return, Closed-end fund, Exchange-traded fund

As of the date of this release, RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Specialty Finance Corp. do not anticipate having to make a year-end capital gain distribution.

Key Points: 
  • As of the date of this release, RiverNorth Managed Duration Municipal Income Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., and RiverNorth Specialty Finance Corp. do not anticipate having to make a year-end capital gain distribution.
  • Any such returns of capital will decrease the Funds total assets and, therefore, could have the effect of increasing the Funds expense ratio.
  • A portion of the distribution may be treated as paid from sources other than net income, including but not limited to shortterm capital gain, longterm capital gain and return of capital.
  • The Funds referenced above are closed-end funds, and closed-end funds do not continuously issue shares for sale as open-end mutual funds do.

North America Mutual Fund Industry Report 2020 | Growth, Trends, and Forecast to 2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, December 4, 2020
Professional services, Finance, Finance, Money, Investment management, Investment, Mutual funds, Institutional investors, Net asset value, Index fund, Active management

The "North America Mutual Fund Industry | Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "North America Mutual Fund Industry | Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
  • With $21.3 trillion in total net assets, the US mutual fund industry remained the largest in the world at year-end 2019.
  • A variety of factors influence investor demand for mutual funds, such as funds' ability to assist investors in achieving their investment objectives.
  • For example, US households rely on equity, bond, and hybrid mutual funds to meet long-term personal financial objectives, such as preparing for retirement.

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Tuesday, December 1, 2020
Banking, Professional services, Finance, Finance, Money, Investment, Institutional investors, Mutual funds, Form, Financial market, Investment management, Investment funds

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.

Key Points: 
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.
  • In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors.

Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds

Retrieved on: 
Tuesday, December 1, 2020
Banking, Professional services, Finance, Finance, Amundi, CAC Mid 60, Investment, Companies, Investment management, Financial ratios, Mutual funds, Institutional investors

Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy.

Key Points: 
  • Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy.
  • The final determination of tax characteristics of the Funds distributions will occur after the end of the year, at which time it will be reported to shareholders.
  • Shareholders should not draw any conclusions about a funds investment performance based on a funds current distributions.
  • Amundi Pioneer is the U.S. business of Amundi, Europes largest asset manager by assets under management and ranked among the ten largest globally[1].

IFIC Monthly Investment Fund Statistics – October 2020

Retrieved on: 
Friday, November 20, 2020
Finance, Money, Institutional investors, Mutual funds, Investment, Investment management, Investment fund, Hedge fund

IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

Key Points: 
  • IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.
  • * Important Information Regarding Investment Fund Data:
    Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  • The Investment Funds Institute of Canada is the voice of Canadas investment funds industry.
  • IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals.

First Trust Senior Floating Rate 2022 Target Term Fund Declares its Monthly Common Share Distribution of $0.0153 Per Share for December

Retrieved on: 
Thursday, November 19, 2020
Professional services, Finance, Investment management, Institutional investors, Mutual funds

First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0153 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020.

Key Points: 
  • First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0153 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020.
  • "Managed Assets" means the total asset value of the Fund minus the sum of its liabilities, other than the principal amount of borrowings.
  • As a result, based on current market conditions and expectations, the Fund believes that it is unlikely to achieve its objective of returning $9.85 per Common Share upon its termination.
  • As a result of these actions, investors should anticipate periodic reductions in the Fund's distribution per share going forward.

Symphony Floating Rate Senior Loan Fund Renews Normal Course Issuer Bid

Retrieved on: 
Wednesday, November 18, 2020
Exchange-traded fund, Fund, Investment funds, Institutional investors, Mutual funds

TORONTO, Nov. 18, 2020 (GLOBE NEWSWIRE) -- (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the Fund) has renewed its normal course issuer bid to purchase up to 857,800 class A units (the Units) of the Fund representing approximately 10% of the public float of 8,578,687 Units.

Key Points: 
  • TORONTO, Nov. 18, 2020 (GLOBE NEWSWIRE) -- (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the Fund) has renewed its normal course issuer bid to purchase up to 857,800 class A units (the Units) of the Fund representing approximately 10% of the public float of 8,578,687 Units.
  • The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.
  • An investment fund must prepare disclosure documents that contain key information about the Fund.