Latest news with #mutualfund
Associated Press
2 days ago
- Business
- Associated Press
ROSEN, A TOP RANKED LAW FIRM, Encourages Easterly ROCMuni High Income Municipal Bond Fund f/k/a Principal Street High Income Municipal Fund Investors to Secure Counsel Before Important Deadline in Securities Class Action - RMJAX, RMHVX, RMHIX
New York, New York--(Newsfile Corp. - July 30, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of shares of the Easterly ROCMuni High Income Municipal Bond Fund f/k/a Principal Street High Income Municipal Fund (the 'Fund') (tickers: RMJAX, RMHVX, RMHIX), between May 5, 2023 and June 12, 2025, inclusive (the 'Class Period'), of the important September 22, 2025 lead plaintiff deadline. The Fund is a mutual fund within defendant James Alpha Funds Trust's series of mutual funds (which does business as Easterly Funds Trust). SO WHAT: If you purchased Easterly ROCMuni High Income Municipal Bond Fund mutual funds during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Easterly ROCMuni High Income Municipal Bond Fund class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Fund had marked tens of millions of dollars' worth of its portfolio assets at artificially inflated prices that did not reasonably reflect the fair value of those assets; (2) the Fund had implemented a fundamentally flawed pricing and valuation methodology which had systematically inflated the Fund's net asset value ('NAV') and individual asset valuations; (3) the Fund was more heavily invested in illiquid assets than disclosed in its offering materials; (4) the Fund's assets were more closely correlated and less diversified than disclosed in its offering materials; (5) as a result, the Fund's stated NAV, NAV per share, individual asset valuations, and historical performance were materially overstated; and (6) consequently, the Fund was subject to a material undisclosed risk of a sudden collapse in the price of Fund shares. To join the Easterly ROCMuni High Income Municipal Bond Fund class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit
Yahoo
24-07-2025
- Business
- Yahoo
3 Short-Term Government Bond Funds for a Stable Income
A short-term government bond fund is a mutual fund that is limited by its investment objectives and fund bylaws to invest primarily in short-term obligations of the federal government or its agencies. Depending on the fund's definition, the short term can be up to five years. Mutual funds that invest in government debt securities are among the most secure investment options that provide regular income while protecting the capital invested. Funds that are part of this category bring a great deal of stability to a portfolio with a large proportion of equity. They pay out dividends more frequently than individual bonds. Hence, these are considered the safest in the bond fund category and are ideal for risk-averse investors. Below, we share with you three top-ranked short-term government bond mutual funds — GMO US Treasury GUSTX, Federated Hermes Short-Term Govt IS FSGVX and SEI Short-Duration Government TCSGX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds. GMO US Treasury invests most of its net assets in Direct U.S. Treasury Obligations and collateralized repurchase agreements that include U.S. Treasury bills, bonds and notes and other securities issued by the U.S. Treasury, as well as Separately Traded Registered Interest and Principal Securities and other zero-coupon securities. The fund has returned 4.8% over the past three years. As of February 2025, GUSTX had 22.4% of its net assets in Total Cash. Federated Hermes Short-Term Govt IS primarily invests in a portfolio generally consisting of U.S. Treasury securities and U.S. government agency securities with maturities of not less than one year and not more than three years, and related derivative contracts. The fund has returned 3.1% over the past three years. Todd A. Abraham has been one of the fund managers of FSGVX since April 2017. SEI Short-Duration Government invests the majority of its assets in U.S. Treasury obligations and other issues such as mortgage-backed securities and repurchase agreements that are guaranteed by various agencies or instrumentalities of the U.S. government. The fund has returned 3.5% over the past three years. TCSGX has an expense ratio of 0.48%. To view the Zacks Rank and the past performance of all short-term government bond mutual funds, investors can click here to see the complete list of short-term government bond mutual funds. Want key mutual fund info delivered straight to your inbox? Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> View All Zacks #1 Ranked Mutual Funds Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (GUSTX): Fund Analysis Report Get Your Free (TCSGX): Fund Analysis Report Get Your Free (FSGVX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
09-07-2025
- Business
- Bloomberg
ICICI Prudential Asset Files for $1.2 Billion India IPO
ICICI Prudential Asset Management Co., India's second-largest mutual fund manager by assets, filed preliminary documents for what could be the country's second-biggest initial public offering this year. The so-called draft red herring prospectus filed with the markets regulator was disclosed late Tuesday. The offering could raise as much as 100 billion rupees ($1.2 billion) and value the asset manager at around $12 billion, Bloomberg News has reported. Indian lender ICICI Bank Ltd. holds 51% of the joint venture, and and UK-based Prudential Plc owns the remaining 49%.
Yahoo
07-07-2025
- Business
- Yahoo
Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
(Reuters) -Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May. Jio BlackRock is a joint venture between Jio Financial Services, part of Indian billionaire Mukesh Ambani's Reliance Industries Ltd, and U.S.-based BlackRock. The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement. ($1 = 85.7140 Indian rupees) Sign in to access your portfolio
Yahoo
07-07-2025
- Business
- Yahoo
Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
(Reuters) -Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May. Jio BlackRock is a joint venture between Jio Financial Services, part of Indian billionaire Mukesh Ambani's Reliance Industries Ltd, and U.S.-based BlackRock. The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement. ($1 = 85.7140 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
