ETF Odds & Ends: Multiple Funds Change Names

November 08, 2021

Last week, a host of funds changed their names or announced pending name changes.

Effective Nov. 1, a range of ETFs offered by State Street Global Advisors changed their names to reflect Bloomberg’s rebranding of its fixed income indexes. The following ETFs all dropped “Barclays” from their names and the names of their indexes:

IBND, for example, will become the SPDR Bloomberg International Corporate Bond ETF.

And as of Nov. 12, the following ETFs from 6 Meridian will add “ETC” to the start of their names, reflecting the fact that the funds are issued by Exchange Traded Concepts:

For example, SXQV will be renamed the ETC 6 Meridian Quality Value ETF.

On Jan. 5,  2022, the KraneShares Bosera MSCI China A Share ETF (KBA) will change its name to the KraneShares Bosera MSCI China A 50 Connect Index ETF and its index from the MSCI China A Index to the MSCI China A 50 Connect Index. Its ticker will remain KBA.

Finally, on Jan. 18, WisdomTree will change the names and indexes of two of its funds. The WisdomTree International Dividend ex-Financials Fund (DOO) will change its name to the WisdomTree International AI Enhanced Value Fund and its ticker to AIVI. Meanwhile, the WisdomTree U.S. Dividend ex-Financials Fund (DTN) will change its name to the WisdomTree U.S. AI Enhanced Value Fund and its ticker to AIVL.

Additional Launches

The Mohr Growth Fund (MOHR), the Adaptive Core ETF (RULE) and the Mindful Conservative ETF (MFUL) all debuted on the Cboe Global Markets Nov. 3, with expense ratios of 0.96%, 0.91% and 1.07% respectively. 

The ETFs are all actively managed and nontransparent, with MOHR aiming to generate capital appreciation for various levels of risk tolerance. 

All three funds are subadvised by Retireful LLC, a Michigan-based advisory firm and model portfolio licenser run solely by principal Dan Mohr. Retireful manages approximately $835 million among 13 clients, according to regulatory filings in mid-August.

Other Changes

Effective Nov. 1, the HCM Defender 500 Index ETF (LGH) decreased its expense ratio from 1.23% to 1.15%, and the HCM Defender 100 Index ETF (QQH) decreased its expense ratio from 1.14% to 1.11%.

Further, adding to this year’s meager list of closures, the Principal International Multi-Factor ETF (PDEV) is set to see its last day of trading Nov. 23. The fund launched in July 2019 and has yet to gather significant assets.

Contact Heather Bell at [email protected]

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