Russell 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.
Russell Investments has updated its ETF prospectuses ahead of its planned acquisition by a B Capital-led consortium that includes CalPERS, expected to close in Q1 2027. Because the transaction would automatically terminate existing advisory agreements, shareholders will vote around November 24 on new agreements with Russell Investment Management on substantially unchanged terms and fees. Additional proposals include greater flexibility over affiliated subadvisers and allowing the Global Infrastructure ETF to formally concentrate in infrastructure industries.
At a glance
- Beat
- Fund Updates
- Issuer
- Russell Investments
- Region
- United States
- Filed
- 3 September 2026
Source: SEC Filings
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