Huntington Funds Completes Transition of Fixed Income Funds to Federated, Focuses on Specialty Equity Expertise
COLUMBUS, Ohio--(BUSINESS WIRE)-- The Huntington Funds completed the transition of its fixed income funds to corresponding mutual funds advised by an advisory subsidiary of Federated Investors, Inc. on May 16, 2014. This is one of a series of actions that Huntington Funds has taken over the last 12 months to better serve investors; including reducing expense ratios on selected funds, adding share classes to selected funds, and merging and closing selected funds to create additional scale.
“We’re focusing our strengths in specialty equity funds where we have demonstrated expertise and can add the most value to our shareholders,” said Joe Rezabek, president of Huntington Funds.
Having received shareholder approval May 16, Huntington Asset Advisors, Inc. completed the transition of fixed-income assets to Federated through the reorganization of five Huntington fixed income mutual funds to five existing Federated fixed income mutual funds with similar investment objectives.
“This transition of the fixed income funds aligns with our philosophy to review all of our products and services in regard to what is right for our customers and shareholders. This action gives our funds a strong competitive position,” said Steve Steinour, Huntington’s chairman, president and CEO.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus or summary prospectus by calling 1-800-253-0412. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Huntington Funds are distributed by Unified Financial Securities, Inc. (Member FINRA), a wholly owned subsidiary of Huntington Bancshares, Inc. and an affiliate of Huntington Asset Advisors, Inc. the advisor to the Huntington Funds.
Maureen Brown, 614-480-5512
Released May 19, 2014