Is anyone targeting your fund?
When an investor buys more than 5% of a fund, it must tell the U.S. securities regulator within days. We read every one of those notices, and every tender offer, vote and closing a fund announces, and put them in plain words.
Funds with activity this week
- WIA - Western Asset Inflation-Linked Income Fund
Karpus raised its stake to 38.8% (from 38.1%). It has said it may push for changes. New - IAE - Voya Asia Pacific High Dividend Equity Income Fund
Raymond James & Associates sold down below 5% and stopped reporting. New - HGLB - Highland Global Allocation Fund
Raymond James & Associates raised its stake to 11% (from 9.5%), as a passive investor. New - VLT - Invesco High Income Trust II
First Trust Portfolios L.P. sold down below 5% and stopped reporting. New - IAF - abrdn Australia Equity Fund
First Trust Portfolios L.P. sold down below 5% and stopped reporting. New - IDE - Voya Infrastructure, Industrials & Materials Fund
First Trust Portfolios L.P. sold down below 5% and stopped reporting. New - JRI - Nuveen Real Asset Income & Growth Fund
First Trust Portfolios L.P. sold down below 5% and stopped reporting. New - DSM - BNY Mellon Strategic Municipal Bond Fund
First Trust Portfolios L.P. sold down below 5% and stopped reporting. New
Funds with something to act on now
- BMEZ - BlackRock Health Sciences Term Trust
The fund offered to buy back 5% of its shares at 98% of value, until Nov 18, 2026. - SBI - Western Asset Intermediate Muni Fund
The fund proposed folding into MMU. Holders vote on Nov 18, 2026. - ASA - ASA Gold & Precious Metals Ltd
Alexander Merk started a fight over the shareholder vote. The meeting is on Nov 30, 2026. - NMZ - Nuveen Municipal High Income Opportunity Fund
The fund offered holders the right to buy more shares, until Dec 2, 2026. - HERZ - Herzfeld Credit Income Fund
Herzfeld started a fight over the shareholder vote. The meeting is on Dec 8, 2026.
Hear about it the day it happens
One email when a large investor files about a fund you own, or when your fund announces a buy-back, a vote or a closing. Free. No password.
We keep your email address and the funds you pick. How we use them: Privacy. By asking for a link you accept our Terms.
Something came in the post?
- A letter about a buy-back came in the post - what now
The fund has offered to buy back some of its shares. Here is what the letter means, what your choices are, and how the broker part works. - Voting papers came in the post - what now
Most years the vote is routine. Some years it decides something that changes what you own. Here is how to tell which, and what your vote does. - A large investor bought into my fund - what does it mean
An investor who owns 5% or more of a fund must tell the regulator, and must say whether it may push for changes. Here is what that notice means for you. - My fund pays out more than it earns - is that my own money coming back?
A fund can pay a set amount each month whether or not it earned that much. The yearly report says how much of the payout was income and how much was not.
All the guides - written for holders, each with the funds it is happening at right now.
What this site does
We collect the notices investors and funds must file with the U.S. Securities and Exchange Commission, put them in plain words, and show them fund by fund. We do not sell anything and we are not connected to any fund company. Every number links to the original document.