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Week 26: 6/23/2025- 6/27/2025- Capital Group/American Funds registers two fixed-income funds which will be available for purchase by separately managed account clients: the Capital Group Core Plus Completion fund and the Capital Group Municipal Income Completion fund
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Jake Riley will join Joshua C. Barrickman in co-managing five Vanguard funds, including the Vanguard Intermediate Term Corporate Bond Index fund ($55.2B)
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Tuttle Capital Management registers the Tuttle Capital Government Grift ETF, which will utilize a strategy grounded on the belief that certain political actors and individuals closely tied to the President may influence market outcomes and have informational advantages to invest in equity securities associated with government insiders and political influence
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Franklin Templeton will convert ten Putnam-labeled funds into newly created ETFs, including the Putnam New York Tax Exempt Income fund ($702M) which will be converted to the Franklin New York Municipal Income ETF, expected to occur in the fourth quarter of 2025
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The John Hancock Strategic Income Opportunities fund ($2.7B) will reduce the rate at each step of its breakpoint advisory fee schedule by two bps
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William Lam, Ian Hargreaves, Charles Bond, and Matthew Pigott will replace Justin Leverenz in managing the Invesco Developing Markets fund ($14.3B)
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Matthew DeCicco will leave the teams managing twenty-one BlackRock iShares funds, including the iShares Currency Hedged MSCI EAFE ETF ($6.5B)
MORE>>Week 25: 6/16/2025- 6/20/2025- Vanguard files multiple portfolio manager changes, affecting $4.9T AUM, in connection with the establishment of a new advisory structure comprised of two advisory units: Vanguard Capital Management and Vanguard Portfolio Management
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Vanguard International Value fund ($11.5B) will increase its expense ratio by two bps to 0.37%, as part of an advisory fee change
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Shaun Michael Currie will join the portfolio management team of the T. Rowe Price New Horizons fund ($15.5B), eventually replacing Joshua Spencer as the fund’s sole portfolio manager when Spencer steps down from his role September 30, 2025
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Goldman Sachs will convert four funds into ETFs of the same name, including the Goldman Sachs Technology Opportunities fund ($865M) on December 5, 2025
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ProFunds Advisors registers three daily leveraged single-stock ETFs
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Global X Management files the Global X US 500 ETF, which will track an index designed to follow the performance of the largest 500 U.S. companies
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Impax Asset Management Limited will no longer help sub-advise the Principal Diversified Real Asset fund ($2.5B)
MORE>>Week 24: 6/9/2025- 6/13/2025- Four Schwab ETFs reduce their advisory fees, including the Schwab International Equity ETF ($47.6B) which will reduce its fee by 3 bps to 0.03% and the Schwab Emerging Markets Equity ETF ($9.8B) which will lower its fee by 4 bps to 0.07%
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Schwab approved a forward share split for six of its funds, including the Schwab S&P 500 Index fund ($111.9B), which will occur on or about August 15, 2025
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Franklin Templeton registers the Franklin Dividend Growth ETF
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TIAA/Nuveen files the Nuveen Securitized Income ETF
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Kathleen A. McCarragher of Jennison Associates has announced her intention to retire in mid-2026 and will leave the team managing the Harbor Capital Appreciation fund ($27.3B) on February 28, 2026; McCarragher will also step down from the teams managing five PGIM Jennison funds, including the PGIM Jennison Growth fund ($8.4B), effective December 31, 2025
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Fahim Razzaque will replace Nidhi Gupta as portfolio manager to the Fidelity Fund ($8B) on December 31, 2025
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JPMorgan Investment Management will replace Wellington Management Company in sub-advising the Nationwide fund ($1.7B), effective third quarter of 2025
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MFS registers the MFS Active Mid Cap ETF
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Tidal Investments registers the thematic SoFi Agentic AI ETF, which will track an index comprised of companies that derive revenue from agentic AI
MORE>>Week 23: 6/2/2025- 6/6/2025- BlackRock registers the iShares Emerging Markets Bond Active ETF
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Federated Hermes registers two ETFs: the Federated Hermes Enhanced Income ETF which will invest in high dividend-paying mid- or large-cap stocks and will utilize an options overlay strategy to generate income, and the Federated Hermes MDT Market Neutral ETF which will utilize a quantitative model driven by fundamental and technical stock selection variables to take long and short positions in common stocks to neutralize market volatility
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WisdomTree Asset Management files the WisdomTree Private Credit and Alternative Income Digital fund, a fund of funds which will track an index comprised of registered closed-end investment companies, BDCs, and REITs, and will utilize blockchain technology to maintain a record of its shares
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Effective September 19, 2025, the VanEck Gold Miners ETF ($15B) will change its benchmark index from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index, a rules-based, modified capitalization-weighted, float-adjusted index
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Jacobs Levy Equity Management will replace Sustainable Growth Advisers on the sub-advisory team of the Russell Tax Managed US Large Cap fund ($9.2B)
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Steve Rodosky has announced his intention to retire from PIMCO and will leave the teams managing nine PIMCO funds, effective December 31, 2025
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Carolyn Roby will join the team managing three T. Rowe Price funds, including the T. Rowe Price New Income fund ($16B), effective September 30, 2025
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Grantham, Mayo, Van Otterloo & Co. files four ETFs, including the GMO Domestic Resilience ETF which will invest in U.S. companies benefiting from the shift away from globalization and the anticipated acceleration of onshoring vital technologies and industries
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