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 |
| ALLGX | AllianzGI Best Styles Global Equity Fund (“best styles”? really?) | No one, but . . . | Dr. Michael Heldmann joins Dr. Klaus Teloeken and Dr. Rainer Tafelmayer in managing the fund. | 7/15 |
| ASQPX | AllianzGI Best Styles International Equity Fund | No one, but . . . | Karsten Niemann joins Dr. Michael Heldmann in managing the fund. | 7/15 |
| ALBPX | AllianzGI Best Styles U.S. Equity Fund | No one, but . . . | Dr. Michael Heldmann joins Karsten Niemann in managing the fund. | 7/15 |
| JCRAX | ALPS/Core Commodity Management Complete Commodities Strategy Fund | Satch Chada is no longer serving as a co-portfolio manager of the fund. | Robert Hyman will remain as the sole portfolio manager. | 7/15 |
| FXDAX | Altegris Fixed Income Long Short Fund | Effective July 10, 2015, Joe Lu of MAST Capital Management, LLC has been removed as a portfolio manager. | The rest of the team of David Steinberg, Peter Reed, Robert Murphy, Eric Bundonis, James Nimberg, Anilesh Ahuga, and Kevin Schweitzer, remain. | 7/15 |
| CALSX | Calamos Long/Short Fund | Brendan Maher is no longer listed as a portfolio manager of the fund. | The fund continues to be managed by the rest of the team of John Calamos, Sr., Gary Black, Daniel Fu, and Matthew Wolfson. | 7/15 |
| CVSIX | Calamos Market Neutral Income Fund | Brendan Maher is no longer listed as a portfolio manager of the fund. | The fund continues to be managed by the rest of the team of John Calamos, Sr., Gary Black, Jason Hill and Eli Pars. | 7/15 |
| SLMCX | Columbia Seligman Communications and Information Fund | Ajay Diwan is no longer listed as a portfolio manager | Clark Westmont and Jeetil Patel join Rahul Narang, Shekhar Pramanick, Sanjay Devgan, and Paul Wick in running the fund. | 7/15 |
| SHGTX | Columbia Seligman Global Technology Fund | Ajay Diwan is no longer listed as a portfolio manager | Clark Westmont and Jeetil Patel join Rahul Narang, Shekhar Pramanick, Sanjay Devgan, and Paul Wick in running the fund. | 7/15 |
| BTAEX | Deutsche EAFE Equity Index Fund | Joseph LaPorta is no longer listed as a portfolio manager | Patrick Dwyer joins Thomas O’Brien in managing the fund | 7/15 |
| DNVAX | Deutsche International Value Fund | E. Clifton Hoover and Wesley Wright are no longer managers of the fund | Di Kumble is the new manager | 7/15 |
| MIDVX | Deutsche Mid Cap Value Fund | No one, but . . . | Richard Hanlon has joined Richard Glass in managing the fund. | 7/15 |
| DALVX | Dunham Large Cap Value Fund | Robert McGee and Gregory Melvin are out. | Rothschild Asset Management is the new subadvisor, with Chris Kaufman and Paul Roukis at the reins. | 7/15 |
| FAGAX | Fidelity Advisor Growth Opportunities Fund | Gopal Reddy is no longer listed as a portfolio manager on the fund. | Kyle Weaver and Steven Wymer have taken over the fund. | 7/15 |
| FIDSX | Fidelity Select Portfolios Financial Sector Fund | No one, but . . . | Daniel Dittler has joined Christopher Lee as a co-manager for the fund. | 7/15 |
| AGRRX | Forward Multi-Strategy Fund | Jim O’Donnell no longer serves as Chief Investment Officer of Forward Management or as a portfolio manager to the fund | Nathan Rowader, Paul Broughton, and David Janec will remain on the fund. | 7/15 |
| FFSCX | Forward Small Cap Equity Fund | Jim O’Donnell no longer serves as Chief Investment Officer of Forward Management or as a portfolio manager to the fund | Paul Broughton and Randall Coleman will carry on. | 7/15 |
| GARTX | Goldman Sachs Absolute Return Tracker Fund | Matthew Hoehn no longer serves as a portfolio manager for the fund. | Gary Chropuvka and Alex Chung remain. | 7/15 |
| GCMAX | Goldman Sachs Mid Cap Value Fund | Dolores Bamford announced that she will be retiring from Goldman Sachs, effective September 1st. | Andrew Braun, Sean Gallagher, and Timothy Ryan will continue to run the fund | 7/15 |
| GRPOX | Goldman Sachs Retirement Portfolio Completion Fund | Matthew Hoehn no longer serves as a portfolio manager for the fund | Steve Jeneste will serve as a portfolio manager for the fund, joining Gary Chropuvka. | 7/15 |
| HINVX | Heartland International Value Fund | No one, but . . . | Michael Jolin has joined Robert Sharpe as a co-portfolio manager of the fund. | 7/15 |
| HFOAX | Henderson International Opportunities Fund | No one, but . . . | Glen Finegan and Ronan Kelleher join the rest of the team of Stephen Peak, Nicholas Cowley, Andrew Gillan, Bill McQuaker, Vincent Musumeci, Tim Stevenson, and Ian Warmerdam. | 7/15 |
| HSZAX | Highland Small-Cap Equity Fund | Marc Shapiro and Palisade Capital Management are no longer advising the fund | James Dondero and Michael Gregory remain on the fund. | 7/15 |
| HISIX | Homestead International Value Fund | The Board of Directors has voted to terminate the contract of subadvisor, Mercator Asset Management. | It’s expected that SSGA Funds Management will be appointed appointed as subadvisor on September 15th | 7/15 |
| IMIFX | Innovator McKinley Income Fund | Steven Carhart is no longer listed as a manager to the fund | Gregory Samorajski, Brandon Rinner, Sheldon Lien, Robert B. Gillam, and Robert A. Gillam will be managing the fund with slightly changed investment strategies. | 7/15 |
| IGWAX | Ivy Micro Cap Growth Fund | Paul J. Ariano, Paul K. LeCoq, Luke A. Jacobson and Alexis C. Waadt are out, along with subadvisor Wall Street Associates, LLC. | John Bichelmeyer will be managing the fund. | 7/15 |
| JUCAX | Janus Global Unconstrained Bond Fund | No one, but . . . | Kumar Palghat joins Bill Gross in managing the fund. One wonders if giving Gross this fund will be a “act in haste, repent at leisure” decision for Janus? | 7/15 |
| MDDDX | Marsico Growth FDP Fund, which will become the FDP BlackRock Janus Growth Fund. | As part of the change in name, subadvisor, and strategy, Coralie Witter and Thomas Marsico will no longer be portfolio managers. That’s happened a lot to the Marsico folks. | Carmel Wellso will manage the fund. | 7/15 |
| MCHFX | Matthews China Fund | Richard Gao began a sabbatical on July 1, 2015 which suggests he’ll be back but doesn’t hint about when. Until then … | Winnie Chwang, Henry Zhang, and Andrew Mattock remain, with Mssr. Mattock assuming the lead manager role. | 7/15 |
| NWAAX | Nationwide Portfolio Completion Fund | No one, but . . . | Steve Jeneste will serve as a portfolio manager for the fund, joining Gary Chropuvka and Amna Qaiser | 7/15 |
| NCGFX | New Covenant Growth Fund | No one, but . . . | Peter Thompson and Brian Kramp have joined the extensive management team | 7/15 |
| JPPAX | Perkins Global Value Fund | J. Christian Kirtley is no longer listed as a portfolio manager for the fund | Gregory Kolb and Tadd Chessen will remain on the fund. | 7/15 |
| JIFAX | Perkins International Value Fund | J. Christian Kirtley is no longer listed as a portfolio manager for the fund | Gregory Kolb and Tadd Chessen will remain on the fund. | 7/15 |
| PRCPX | T. Rowe Price Credit Opportunities Fund | Paul Karpers has been replaced … | … by Rodney Rayburn. | 7/15 |
| TRHYX | T. Rowe Price Institutional High Yield Fund | Paul Karpers has been replaced … | … by Mark Vaselkiv. Mr. V. is Price’s lead high-yield manager and has done really good work. | 7/15 |
| Various | T. Rowe Price Retirement Series – all funds | No one, but . . . | Wyatt Lee will join Jerome Clark as the funds’ co-portfolio manager. | 7/15 |
| VBINX | Vanguard Balanced Index Fund | No one, but . . . | Christopher Wrazen joins Joshua Barrickman and Christine Franquin | 7/15 |
| VCVSX | Vanguard Convertible Securities Fund | Larry Keele is no longer listed as a portfolio manager of the fund. | Jean-Paul Nedelec, Abraham Ofer, and Stuart Spangler will remain on the fund. | 7/15 |
| NAWGX | Voya Global Value Advantage Fund | David Rabinowitz will no longer manage the fund. | Martin Jansen, Christopher Corapi, Vincent Costa, and James Ying will remain on the fund. | 7/15 |
| WTMIX | Westcore Micro-Cap Opportunity Fund | Jon Tesseo is no longer a portfolio manager of the fund and has resigned from the subadvisor. | Paul Kuppinger will remain with the fund. | 7/15 |
| WRAAX | Wilmington Multi-Manager Alternatives Fund | Brendan Maher of Calamos Advisors, LLC and Todd Murphy of Wilmington Trust Investment Advisors are no longer portfolio managers of the fund. | The other 16 portfolio managers will remain | 7/15 |
| WMMRX | Wilmington Multi-Manager Real Asset Fund | Todd Murphy of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund. | The other 9 managers will carry on | 7/15 |
| WAAAX | Wilmington Strategic Allocation Aggressive Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
| WCAAX | Wilmington Strategic Allocation Conservative Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
| ARBAX | Wilmington Strategic Allocation Moderate Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
