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 |
| ARDWX | Aberdeen Multi-Manager Alternative Strategies Fund II | Henry Davis no longer serves as a portfolio manager of the fund | Kevin Lyons joins the team of Averell H. Mortimer, Ian McDonald, Darren Wolf, Russell Barlow, Vicky Hudson, and Peter Wasko | 4/16 |
| FXDAX | Altegris Fixed Income Long Short Fund | Premium Point Investments is no longer a subadvisor to the fund. As a result, Anilesh Ahuja and Amin Majidi are no longer listed as portfolio managers for the fund. | Kevin Schweitzer, Eric Bundonis, Peter Reed, David Steinberg, and Antolin Garza will continue to manage the fund. | 4/16 |
| AFXAX | American Beacon Flexible Bond | Adriana Posada has retired from her position as a portfolio manager | The rest of the team remains | 4/16 |
| ALMEX | ASTON/LMCG Emerging Markets Fund | Vikram Srimurthy is no longer a portfolio manager of the fund. | Gordon Johnson and Shannon Ericson will continue to manage the fund | 4/16 |
| BVEFX | Becker Value Equity Fund | No one, but … | Sid Parakh joins Thomas McConville, Andy Murray, Marian Kessler, Michael McGarr, Stephen Laveson, and Patrick Becker Jr. | 4/16 |
| BFRAX | BlackRock Floating Rate Income | Leland Hart will remain with BlackRock, but step down from fund management to “pursue other interests.” | James Keenan, C. Adrian Marshall and Joshua Tarnow will continue to manage the fund. | 4/16 |
| BMMAX | BlackRock Multi-Manager Alternative Strategies Fund | No one, but … | GLG Partners has been added as a seventh subadvisor to the fund. | 4/16 |
| BMSAX | BlackRock Secured Credit Portfolio | Leland Hart will remain with BlackRock, but step down from fund management to “pursue other interests.” | C. Adrian Marshall, Mitchell Garfin and Carly Wilson will continue to manage the fund. | 4/16 |
| CSIBX | Calvert Bond Portfolio | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CFWAX | Calvert Global Water Fund | Catherine Ryan and Matthew Sheldon are no longer listed as portfolio managers for the fund whose star rating is mostly driven by the fact that it’s being compared to energy funds. | The new team is Lise Bernhard, Jade Huang, Christopher Madden, Matthew Moore and Laurie Webster. | 4/16 |
| CGAFX | Calvert Green Bond Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CYBAX | Calvert High Yield Bond Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CFICX | Calvert Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CLDAX | Calvert Long-Term Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CSDAX | Calvert Short Duration Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CULAX | Calvert Ultra-Short Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CAMOX | Cambiar Opportunity Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CAMSX | Cambiar Small Cap Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CAMMX | Cambiar Smid Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CMCIX | Capital Management Mid Cap Fund | Ralph Scarpa is no longer listed as a portfolio manager for the fund. | Alexander Cripps and W. Jameson McFadden will now manage the fund. | 4/16 |
| CMSSX | Capital Management Small Cap Fund | Ralph Scarpa is no longer listed as a portfolio manager for the fund. | Alexander Cripps and W. Jameson McFadden will now manage the fund. | 4/16 |
| CPMPX | Changing Parameters Fund | David Levenson is no longer listed as a portfolio manager for the fund. | Howard Smith will continue to manage the fund’s parameters. | 4/16 |
| SUIAX | Deutsche CROCI International Fund | No one, but … | John Moody joins Di Kumble in managing the fund. | 4/16 |
| SKNRX | Deutsche Enhanced Commodity Strategy Fund | No one, but … | Rick Smith joined the team of Eric Meyer, John Ryan, Darwei Kung and Sonali Kapoor | 4/16 |
| SGDAX | Deutsche Gold & Precious Metals Fund | Michael Bernadiner and Terence Brennan are no longer listed as portfolio managers for the fund. | Scott Ikuss, Felice Tecce and John Vojticek are now managing the fund. | 4/16 |
| MIDVX | Deutsche Mid Cap Value Fund | Richard Glass left the fund in March, and was replaced Matthew Cino, who lasted precisely 30 days on the job. | Richard Hanlon and Mary Schafer are now managing the fund. | 4/16 |
| KDSAX | Deutsche Small Cap Value Fund | Richard Glass left the fund in March, and was replaced Matthew Cino, who lasted precisely 30 days on the job. | Richard Hanlon and Mary Schafer are now managing the fund. | 4/16 |
| DMVAX | Dreyfus Select Managers Small Cap Value Fund | Iridian Asset Management has terminated its agreement with Dreyfus. Jordan Alexander and Stephen Friscia will no longer be on the management team. | The rest of the extensive team remains. | 4/16 |
| FSCGX | Fidelity Select Industrial Equipment Portfolio | Boris Shepov will no longer serve as a portfolio manager for the fund. | Janet Glazer and Tobias Welo will manage the fund. | 4/16 |
| FIINX | First Investors International Fund | Rajiv Jain is no longer a portfolio manager for the fund | Matthew Benkendorf, Vontobel’s CIO, will manage the fund | 4/16 |
| FMIMX | FMI Common Stock Fund | Karl T. Poehls is leaving at the end of May 2016 to pursue “other business activities and personal interests.” | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FMIJX | FMI International Fund | Karl Poehls is leaving at the end of May 2016 | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FMIHX | FMI Large Cap Fund | Karl T. Poehls is leaving at the end of May 2016 | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FBDIX | Franklin Biotechnology Discovery Fund | No one, but perhaps pursuant to the fund’s decision to reopen to new investors in May 2016 … | Christopher Lee joins Evan McCulloch and Steven Kornfeld in managing the fund. | 4/16 |
| HWDAX | Hartford World Bond | Robert Evans has announced his plan to retire at the end of the year. As part of his plan, he will step down from his portfolio manager role as of June 30, 2016. | Mark Sullivan will continue to manage the fund | 4/16 |
| HGAAX | Henderson All Asset Fund | Bill McQuaker is no longer listed as a portfolio manager for the fund. | Paul O’Connor and Chris Paine will continue to run the fund. | 4/16 |
| HFOAX | Henderson International Opportunities Fund | No one, but … | Paul O’Connor joins Stephen Peak, Nicholas Cowley, Glen Finegan, Andrew Gillian, Ronan Kelleher, Vincent Musumeci, Tim Stevenson, and Ian Warmerdam on the management team. | 4/16 |
| IPOAX | Ivy Emerging Markets Equity Fund | Effective May 14, 2016, Frederick Jiang will no longer serve as a co-manager of the fund. | Jonas Krumplys will continue to manage the fund. | 4/16 |
| JDDAX | Janus Diversified Alternatives Fund | Richard Lindsey is no longer listed as a portfolio manager for the fund. | John Fujiwara and Andrew Weisman will continue to run the fund. | 4/16 |
| JDVAX | JPMorgan Diversified Fund | Effective immediately, Nicole Goldberger is on maternity leave and will not be involved in the day to day management of the fund. | John Speer and Michael Schoenhaut will continue to manage the fund in her absence. She’s expected to return in mid-June. | 4/16 |
| JRNAX | JPMorgan Diversified Real Return Fund | Effective immediately, Nicole Goldberger is on maternity leave and will not be involved in the day to day management of the fund. | John Speer and Michael Schoenhaut will continue to manage the fund in her absence. She’s expected to return in mid-June. | 4/16 |
| OHYAX | JPMorgan High Yield Fund | In order to separate trading functions from portfolio management functions, James Gibson will no longer be included in the list of portfolio managers for the fund but will continue his focus as principal high yield trader for the high yield team. | William Morgan and James Shanahan will continue to manage the fund. | 4/16 |
| LIMAX | Lateef Fund | Matthew Sauer will no longer serve as a portfolio manager for the fund. | Quoc Tran, James Tarkenton, and David Geisler continue as co-portfolio managers of the fund | 4/16 |
| LCRAX | Lord Abbett Core Fixed Income | Jerald Lanzotti is no longer listed as a portfolio manager for the fund. | Leah Traub joins Kewjin Yuoh, Robert Lee, and Andrew O’Brien in managing the fund. | 4/16 |
| NOIEX | Northern Income Equity Fund | John Ferguson is no longer a portfolio manager of the fund | Jacob Weaver will continue to manage the fund | 4/16 |
| PIOTX | Pioneer Core Equity | James Moynihan is no longer listed as a portfolio manager for the fund. | John Peckham and Craig Sterling will continue to manage the fund. | 4/16 |
| RSINX | RS Investors Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| GPAFX | RS Large Cap Alpha Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| RSPFX | RS Partners Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| RSVAX | RS Value Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| SIMFX | Sims Total Return Fund | Barry Arnold and Lilli Gust are no longer listed as portfolio managers for the fund. | David Sims and Luke Sims have taken over management of the fund. | 4/16 |
| GTFAX | SunAmerica Global Trends Fund | Richard Wurster will no longer serve as a portfolio manager for the fund. | Stephen Gorman is now managing the fund. | 4/16 |
| PRWAX | T. Rowe Price New America Growth Fund | Daniel Martino left the fund in April, 2016. | Justin White is now listed as manager for the fund. | 4/16 |
| TEMAX | Touchstone Emerging Markets Small Cap | Wayne Hollister is out. | Stephen Dexter and H. David Shea are in. | 4/16 |
| UVALX | USAA Value Fund | Timothy Culler retired from his portfolio manager position. | The fund will continue to be managed by the rest of the team: Mark Giambrone, John Harloe, James McClure, R. Lewis Ropp, Jeff Fahrenbruch, David Ganucheau, and Cory Martin. | 4/16 |
