ProSharesNew 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.
ProShares will rename the ProShares Russell 2000 Dividend Growers ETF (SMDV) to the ProShares S&P SmallCap 600 Dividend Aristocrats ETF on or about September 28, 2026. The fund will also switch its benchmark from the Russell 2000 Dividend Growth Index to the S&P SmallCap 600 Dividend Aristocrats Index, changing its investment objective and strategy. The new index tracks equal-weighted S&P SmallCap 600 companies that have increased dividends for at least 10 consecutive years, with sector exposure capped at 30%.
At a glance
- Beat
- Fund Updates
- Issuer
- ProShares
- Region
- United States
- Filed
- 13 July 2026
Source: SEC Filings
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