Because bond fund managers, traditionally, had made relatively modest impacts of their funds’ absolute returns, Manager Changes typically highlights changes in equity and hybrid funds.
| Ticker | Fund | Out with the old | In with the new | Dt |
| PGWCX | Allianz RCM Focused Growth, formerly Allianz AGIC Growth Fund | The entire AGI Capital team. | The RMC team of Scott T. Migliori, Karen Hiatt, and David Jedlicka | 11/12 |
| ARMAX | Allianz RCM Global Commodity Equity | Alec Patterson | Paul Strand becomes the lone manager | 11/12 |
| APHMX | Artisan Mid Cap | No one, but . . . | Matthew Kamm has stepped up to a named manager role | 11/12 |
| BIAOX | Brown Advisory Opportunity Fund | Darryl R. Oliver | Paul Li, Maneesh Bajaj and Eric Gordon | 11/12 |
| APFAX | Cohen & Steers Emerging Markets Real Estate | No one, but . . . | William Leung has joined as comanager. Leung had 12 years at Deutsche Bank/RREEF Real Estate. Presumably Deutsche Bank’s ongoing efforts to sell its RREEF unit weighed on him. | 11/12 |
| CSFAX | Cohen & Steers Global Realty | No one, but . . . | William Leung has joined as comanager | 11/12 |
| IRFAX | Cohen & Steers International Realty | No one, but . . . | William Leung has joined as comanager | 11/12 |
| CALFX | Cutler Income Fund | Michael Cheung | Xavier J. Urpi | 11/12 |
| SEMGX | DWS Emerging Markets Equity | Jason Inzer | Comanager, Thomas Voecking, will remain, joined by Anna Wallentin, Juergen Foerster, and Johannes Prix | 11/12 |
| SZEAX | DWS Enhanced Emerging Markets Fixed Income | No one, but . . . | Kumar Vemuri was added. Given that the “Enhanced” fund typically resides in the bottom 10% of its peer group, his addition can’t hurt. | 11/12 |
| KDHAX | DWS Equity Dividend | Jason Inzer | Comanager, Thomas Voecking, will remain, joined by Anna Wallentin, Juergen Foerster, and Johannes Prix | 11/12 |
| GGGGX | DWS GNMA | John Ryan has been removed as portfolio comanager | Lead manager, Bill Chepolis, remains with the other comanagers | 11/12 |
| SCINX | DWS International | Jason Inzer | Comanager, Thomas Voecking, will remain, joined by Anna Wallentin, Juergen Foerster, and Johannes Prix | 11/12 |
| KUSAX | DWS Strategic Government Securities | John Ryan has been removed as portfolio comanager | Lead manager, Bill Chepolis, remains with the other comanagers | 11/12 |
| FDMAX | Fidelity Advisor Communications Equipment | Charlie Chai has stepped down | Ali Khan will remain as the sole manager | 11/12 |
| FAMKX | Fidelity Advisor Emerging Markets | Robert von Rekowsky no longer serves as portfolio manager | Sammy Simnegar | 11/12 |
| FAGAX | Fidelity Advisor Growth Opportunities | No one, but . . . | Gopal Reddy will join Steven Wymer | 11/12 |
| FGVAX | Fidelity Advisor Growth Strategies | Patrick Venanzi | Eddie Yoon joins the team | 11/12 |
| FGCAX | Fidelity Advisor Mid Cap Growth | No one, but . . . | Edward Yoon was added as a comanager | 11/12 |
| FMCDX | Fidelity Advisor Stock Selector Mid Cap | Patrick Venanzi | Eddie Yoon joins the team | 11/12 |
| FSMGX | Fidelity Mid Cap Growth | Patrick Venanzi | Eddie Yoon joins the team | 11/12 |
| FSDCX | Fidelity Select Communications Equipment | Charlie Chai has stepped down | Ali Khan will remain as the sole manager | 11/12 |
| FSHOX | Fidelity Select Construction & Housing | Dan Kelley has stepped down as comanager | Holger Boerner will remain. | 11/12 |
| FSDAX | Fidelity Select Defense & Aerospace | John Sheehy has stepped down | Douglas Scott will remain as sole manager | 11/12 |
| FSAEX | Fidelity Series All Sector Equity | John Avery and Adam Hetnarski | Monty Kori and Brian Lempel | 11/12 |
| FMSVX | FMC Strategic Value | No one, but . . . | Paul E. Patrick, joins Edward I. Lefferman, as a comanager. Lefferman has managed the fund since its inception in 1998. The fund has sort of fallen off the rails since 2010 after a long, strong run. | 11/12 |
| GARTX | Goldman Sachs Absolute Return Tracker | Jonathan Sheridan | Matthew Hoehn and Don Mulvihill remain, presumably trying to find the “absolute” in a fund that’s down 11% since launch. | 11/12 |
| IFCAX | ING Greater China, soon to be called ING Emerging Markets Equity Dividend | The entire team is leaving as the strategy and name are changed. | Nicolas Simar, Manu Vandenbulck, and Robert Davis | 11/12 |
| JMIGX | Jacob Micro Cap Growth Fund | Jamie Cuellar | Darren Chervitz and Ryan Jacob | |
| SBLGX | Legg Mason ClearBridge Large Cap Growth | Comanager Scott Glasser will be stepping down, but not until March 2013 | Margaret Vitrano was added. The “Legg Mason” moniker will soon disappear. | 11/12 |
| LSBRX | Loomis Sayles Bond | Kathleen Gaffney leaves for a position with Eaton Vance after three decades with Loomis Sayles. | Founder, Daniel Fuss, remains along with comanagers Matthew Eagan and Elaine Stokes | 11/12 |
| EPIPX | MainStay Epoch International Small Cap | Emily Baker will leave as of Dec 31 | Eric Citerne, Michael Welhoelter, and William Priest will continue | 11/12 |
| ICAUX | Mainstay ICAP Equity | No one, but . . . | Thomas Cole joined the team | 11/12 |
| ICGLX | Mainstay ICAP Global | No one, but . . . | Thomas Cole joined the team | 11/12 |
| ICEVX | Mainstay ICAP International | No one, but . . . | Thomas Cole joined the team | 11/12 |
| ICSRX | Mainstay ICAP Select Equity | No one, but . . . | Thomas Cole joined the team | 11/12 |
| MAPAX | Mainstay MAP | No one, but . . . | Thomas Cole joined the team | 11/12 |
| EXTCX | Manning & Napier Technology | Tariq Siddiqi | Jacob Boak | 11/12 |
| PWEAX | PACE International Emerging Markets Equity | Subadvisors, Delaware Management Company and Pzena Investment Management | Lee Munder is a new subadvisor | 11/12 |
| PGMDX | PIMCO Global Multi-Asset | No one, but . . . | Saumil Parikh is now a comanager | 11/12 |
| POLIX | Polen Growth | No one, but . . . | Damon Ficklin has joined Dan Davidowitz. The fund is up to $355 million after two years, which might explain the added staff. | 11/12 |
| USGRX | USAA Growth & Income | John Leonard | Ian McIntosh | 11/12 |
| USISX | USAA Income Stock | Sam Wilderman | David Cowan | 11/12 |
| VMMSX | Vanguard Emerging Markets Select Stock | Michael Godfrey, who comanaged for subadvisor M&G | Matthew Vaight will continue for M&G | 11/12 |
| WTMGX | Westcore MIDCO Growth | William Chester is retiring. | Comanagers Mitch Begun and F. Wiley Reed will remain | 11/12 |
| WTSLX | Westcore Select | William Chester is retiring. | Comanagers Mitch Begun and F. Wiley Reed will remain | 11/12 |
