New 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.
Shareholders of the Matthews Asia Innovators Active ETF (MINV) approved changing the fund’s status from diversified to non-diversified under the Investment Company Act of 1940, effective July 24, 2026. The change allows the ETF to invest a larger share of its assets in a smaller number of companies, potentially increasing concentration risk while maintaining the same investment strategy. The prospectus has been updated to reflect the added non-diversification risk, noting that the fund may be more sensitive to company-specific, economic, political, or regulatory events.
Source: SEC Filings
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.
Virtus will overhaul the Virtus Terranova U.S.
DWS has converted the Xtrackers MSCI EAFE Selection Equity ETF (EASG) into the Xtrackers Bloomberg Developed Markets Ex US Equity ETF (DMXU), effective September 14.
VanEck’s Junior Gold Miners ETF (GDXJ) is adding First Mining Gold, Troilus Mining and Silver Tiger Metals, effective after market close on September 18.
More from United States