Defiance InvestmentsNew Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Defiance has repurposed a previously filed ETF into the Defiance MANGOS ETF (MNGO), targeting an August 21, 2026 effective date. The actively managed fund will use the BITA MANGOS Select Index as a reference framework, focusing on six AI ecosystem leaders: Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. Unlike a passive index fund, MNGO can actively adjust exposures, use options and swaps, and invest up to 15% of assets in private companies, providing investors with access to both public and private AI-related innovation.
At a glance
- Beat
- Fund Updates
- Issuer
- Defiance Investments
- Region
- United States
- Filed
- 23 June 2026
Source: SEC Filings
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