The following open-end funds were recently registered with the Securities and Exchange Commission:

* Williams Capital Management has filed to launch the Williams Capital Liquid Assets fund. The taxable money market fund will be sub-advised by Milestone Capital Management. The fund's expense ration will be 0.2% for institutional shares and 0.45% for service shares. Milestone will receive a 10 basis point management fee. The minimum investment for institutional shares is $10 million and $50,000 for service shares.

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