iSharesNew 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.
BlackRock’s iShares unit will rename and reindex two ETFs effective around Oct. 5, 2026. The iShares Morningstar U.S. Equity ETF (ILCB) will become the iShares MSCI USA ETF (MLRG) and begin tracking the MSCI USA Index, while the iShares Morningstar Small-Cap ETF (ISCB) will become the iShares MSCI USA Small-Cap ETF (MSML) and track the MSCI USA Small Cap Index. The changes replace Morningstar benchmarks with broader MSCI indexes covering large-, mid-, and small-cap U.S. equities. Both funds will also change their fiscal year-end to Aug. 31, with no indication of changes to their core market exposure beyond the benchmark transition.
At a glance
- Beat
- Fund Updates
- Issuer
- iShares
- Region
- United States
- Filed
- 6 August 2026
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