For the Monument Washington Regional Growth Fund, one of the Monument Funds, based in Bethesda, Md., there are significant changes afoot.

Monument Advisors, the fund's investment manager, last month asked shareholders to approve a change in the fund's investment mandate. The fund wants to shed its focus on investing in companies based in the Washington, D.C., Virginia and Maryland area. Instead, the adviser wants to transform the fund into a health sciences fund later this year and subsequently change its name to the Monument Medical Sciences Fund.

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