Sixty-two funds saw partial turnover in their management teams but no high profile manager stalked off or was shown the door, and no rising star was awarded a new charge. Actually there were rather more than 62, since we don’t track boring bond funds (the value added by the third manager on a Massachusetts muni fund is modest enough that we don’t track those teams; sorry, guys) and, this month only, we’re boycotting changes in the Dreyfus funds. Frankly, Dreyfus got annoying. Their announcements show up in the SEC filings under a bunch of labels (including dozens of Dreyfus series, CitizensSelect, Advantage Funds and Strategic Funds) and were poorly written. We ended up with a headache and the decision to share the following announcement: “about a dozen Dreyfus funds shifted teams this month; if you invest with them, you might want to double-check.”
| Ticker | Fund | Out with the old | In with the new | Dt |
| CLSHX | AdvisorOne CLS Shelter Fund | Paula Wieck is no longer listed as a portfolio manager for the fund. | Case Eichenberger, Jackson Lee and Rusty Vanneman will join Gene Frerichs on the management team. | 2/18 |
| TWGTX | American Century All Cap Growth Fund | Marcus Scott and Michael Orndorff are no longer listed as portfolio managers for the fund. | Joseph Reiland and Gregory Woodhams will now manage the fund. | 2/18 |
| TWHIX | American Century Heritage Fund | Michael Orndorff, Marcus A. Scott and Greg Walsh are no longer listed as portfolio managers for the fund. | Robert Brookby will join Nalin Yogasundram on the management team. | 2/18 |
| TWEGX | American Century International Discovery Fund | No one, but . . . | Federico Laffan, oddly, has just been added to the prospectus, though he’s been on the team that manages the fund since 2014. Trevor Gurwich and Pratik Patel are the other 2/3 of the team. | 2/18 |
| AMJVX | American Century Multi-Asset Income Fund | No one, but . . . | John Donner joins Vidya Rajappa, Scott Wilson, Richard Weiss, and Radu Gabudean on the management team. | 2/18 |
| ACFIX | Arbitrage Credit Opportunities Fund | No one, but . . . | John Orrico joins Gregory Loprete and Robert Ryon on the management team.. | 2/18 |
| ARSQX | Aristotle Value Equity Fund | No one, but . . . | Gregory Padilla joins Howard Gleicher on the management team. | 2/18 |
| MDEGX | BlackRock Long-Horizon Equity Fund | No one, but . . . | Jane Holl joins Stuart Reeve and Andrew Wheatley-Hubbard on the management team. | 2/18 |
| EGEAX | Carillon Eagle Smaller Company Fund | Matthew McGeary, Betsy Pecor and Charles Schwartz are no longer listed as portfolio managers for the fund. | James McBride and Timothy Miller will now manage the fund. | 2/18 |
| CLSAX | CLS Global Diversified Equity Fund | Paula Wieck is no longer listed as a portfolio manager for the fund. | Grant Engelbart and Rusty Vanneman will continue to manage the fund. | 2/18 |
| CLERX | CLS Growth and Income Fund | Paula Wieck is no longer listed as a portfolio manager for the fund. | Joshua Jenkins and Rusty Vanneman will continue to manage the fund. | 2/18 |
| CLHAX | CLS International Equity Fund | No one, but . . . | Jackson Lee joins Konstantin Etus and Joe Smith on the management team. | 2/18 |
| CLSHX | CLS Shelter Fund | Paula Wieck is no longer listed as a portfolio manager for the fund. | Gene Frerichs will be joined by Case Eichenberger, Jackson Lee, and Rusty Venneman on the management team. | 2/18 |
| CBSAX | Columbia Mid Cap Growth Fund | William Chamberlain is no longer listed as a portfolio manager for the fund. | John Emerson, Matthew Litfin, and Erika Maschmeyer will now manage the fund. | 2/18 |
| SLMCX | Columbia Seligman Communications and Information Fund | Rahul Narang will no longer serve as a portfolio manager for the fund. | Vimal Patel joins Paul Wick, Shekhar Pramanick, Sanjay Devgan, Jeetil Patel, and Christopher Boova on the management team. | 2/18 |
| SHGTX | Columbia Seligman Global Technology Fund | Rahul Narang will no longer serve as a portfolio manager for the fund. | Vimal Patel joins Paul Wick, Shekhar Pramanick, Sanjay Devgan, Jeetil Patel, and Christopher Boova on the management team. | 2/18 |
| FGMNX | Fidelity GNMA Fund | William Irving no longer serves as lead portfolio manager of the fund. | Sean Corcoran joins Franco Castagliuolo in managing the fund. | 2/18 |
| FINPX | Fidelity Inflation-Protected Bond Fund | William Irving no longer serves as lead portfolio manager of the fund. | Sean Corcoran joins Franco Castagliuolo in managing the fund. | 2/18 |
| FSNGX | Fidelity Select Natural Gas | Ted Davis will no longer serve as a portfolio manager for the fund. | Ben Shuleva will continue to manage the fund. | 2/18 |
| FNARX | Fidelity Select Natural Resources | John Dowd will no longer serve as a portfolio manager for the fund. | Nathan Strik will continue to manage the fund. | 2/18 |
| FSRRX | Fidelity Strategic Real Return Fund | William Irving is no longer listed as a portfolio manager for the fund. | Sean Corcoran joined Franco Castagliuolo, Samuel Wald, Mark Snyderman, Adam Kramer, and Ford O’Neil on the management team. | 2/18 |
| HISIX | Homestead International Equity | No one, but . . . | Scott Crawshaw joins Patrick Todd, Andrew West, Bryan Lloyd, Alexander Walsh, and Ferrill Roll in managing the fund. “Ferrill Roll” is a fascinating name, something worthy of Game of Thrones. |
2/18 |
| WASAX | Ivy Asset Strategy Fund | Cynthia Prince-Fox is retiring, effective April 30th, and will no longer serve as a portfolio manager for the fund. | W. Jeffrey Surles joins F. Chace Brundige on the management team. | 2/18 |
| IGJAX | Ivy Government Securities Fund | No one, but . . . | Susan Regan joins Rick Perry in managing the fund. | 2/18 |
| IWGAX | Ivy Wilshire Global Allocation Fund | Cynthia Prince-Fox is retiring, effective April 30th, and will no longer serve as a portfolio manager for the fund. | W. Jeffrey Surles joins F. Chace Brundige on the management team. | 2/18 |
| Various | John Hancock Funds II Multi-Index Lifestyle Portfolios | Effective immediately, Marcelle Daher no longer serves as a portfolio manager of the funds. | Robert Sykes joins Robert Boyda and Nathan Thooft on the management team. | 2/18 |
| Various | John Hancock Funds II Multi-Index Lifetime Portfolios | Effective immediately, Marcelle Daher no longer serves as a portfolio manager of the funds. | Robert Sykes joins Robert Boyda and Nathan Thooft on the management team. | 2/18 |
| Various | John Hancock Funds II Multi-Index Preservation Portfolios | Effective immediately, Marcelle Daher no longer serves as a portfolio manager of the funds. | Robert Sykes joins Robert Boyda and Nathan Thooft on the management team. | 2/18 |
| Various | John Hancock Funds II Multimanager Lifestyle Portfolios | Effective immediately, Marcelle Daher no longer serves as a portfolio manager of the funds. | Robert Sykes joins Robert Boyda and Nathan Thooft on the management team. | 2/18 |
| Various | John Hancock Funds II Multimanager Lifetime Portfolios | Effective immediately, Marcelle Daher no longer serves as a portfolio manager of the funds. | Robert Sykes joins Robert Boyda and Nathan Thooft on the management team. | 2/18 |
| MVPFX | Marathon Value Portfolio | Marc Heilweil, who’d guided the fund since inception in 2000, will no longer serve as a portfolio manager. | Todd Jones now runs the fund. | 2/18 |
| MITTX | Massachusetts Investors Trust | No one, but . . . | Alison O’Neill Mackey joins Kevin Beatty and Ted Maloney on the management team. | 2/18 |
| DIFAX | MFS Diversified Income Fund | As of September 1, 2018, William Adams will no longer be a portfolio manager of the fund. As of December 31, 2018, Jim Swanson will no longer serve as a portfolio manager for the fund. | Robert Almeida and Michael Skatrud join Ward Brown, David Cole, Rick Gable, Matt Ryan, Jonathan Sage, and Geoffrey Schechter on the management team. | 2/18 |
| MWOFX | MFS Global Growth Fund | No one, but . . . | Joseph Skorski joins David Antonelli and Jeffrey Constantino on the management team. | 2/18 |
| MHOAX | MFS Global High Yield Fund | As of September 1, 2018, William Adams will no longer be a portfolio manager of the fund. | Michael Skatrud will join David Cole, Matt Ryan and William Adams in managing the fund, in anticipation of Mssr. Adams departure. | 2/18 |
| MFEGX | MFS Growth Fund | Matthew Sabel is no longer listed as a portfolio manager for the fund. | Eric Fischman and Paul Gordon will continue to manage the fund. | 2/18 |
| MHITX | MFS High Income Fund | As of September 1, 2018, William Adams will no longer be a portfolio manager of the fund. | Michael Skatrud will join David Cole and William Adams in managing the fund, in anticipation of Mssr. Adams departure. | 2/18 |
| OTCAX | MFS Mid Cap Growth Fund | Matthew Sabel is no longer listed as a portfolio manager for the fund. | Eric Fischman and Paul Gordon will continue to manage the fund. | 2/18 |
| FPPAX | MFS Prudent Investor Fund | No one, but . . . | Edward Dearing joins David Cole and Barnaby Weiner in managing the fund. | 2/18 |
| MFIOX | MFS Strategic Income Fund | As of September 1, 2018, William Adams will no longer be a portfolio manager of the fund. | Michael Skatrud joins Joshua Marston, Ward Brown, Philipp Burgener, David Cole, Alexander Mackey, Robert Persons, and Matt Ryan in managing the fund, in anticipation of Mssr. Adams departure. | 2/18 |
| MFGIX | Monteagle Quality Growth Fund | No one, but . . . | Steven MacNamara joined Tom Sauer, Craig Cairns, Stefan Kip Astheimer, and Brett Winnefeld on the management team. | 2/18 |
| QVGIX | Oppenheimer Global Allocation Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Alessio de Longis and Benjamin Rockmuller will continue to manage the fund. | 2/18 |
| ODAAX | Oppenheimer Global Multi-Alternatives Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Alessio de Longis and Benjamin Rockmuller will continue to manage the fund. | 2/18 |
| QMGAX | Oppenheimer Global Multi-Asset Growth Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Alessio de Longis and Benjamin Rockmuller will continue to manage the fund. | 2/18 |
| QMAAX | Oppenheimer Global Multi-Asset Income Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Alessio de Longis and Benjamin Rockmuller will continue to manage the fund. | 2/18 |
| OYCIX | Oppenheimer Portfolio Series Conservative Investor Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Jeffrey Bennett will now run the fund. | 2/18 |
| OYAIX | Oppenheimer Portfolio Series Equity Investor Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Jeffrey Bennett will now run the fund. | 2/18 |
| OYMIX | Oppenheimer Portfolio Series Moderate Investor Fund | Mark Hamilton and Dokyoung Lee will no longer serve as a portfolio managers for the fund. | Jeffrey Bennett will now run the fund. | 2/18 |
| PNOPX | Putnam Multi-Cap Growth Fund | Richard Bodzy and Robert Brookby are no longer listed as portfolio managers for the fund. | Katherine Collins and R. Sheperd Perkins will now manage the fund. | 2/18 |
| RDMIX | Rational Dynamic Momentum Fund | Michael Ivie and R. Jerry Parker will no longer serve as portfolio managers for the fund. | Adam Butler, Rodrigo Gordillo, and Michael Philbrick will now manage the fund. | 2/18 |
| SIEPX | Saratoga International Equity Fund | Marc Miller is no longer listed as a portfolio manager for the fund. | John Brim, Stephanie Jones, and Stephen Smith are now managing the fund. | 2/18 |
| SITIX | STAAR International Fund | J. Andre Weisbrod is no longer listed as a portfolio manager for the fund. | Brett Boshco now manages the fund. | 2/18 |
| SITAX | STAAR Investment Trust – Alternative Categories Fund | J. Andre Weisbrod is no longer listed as a portfolio manager for the fund. | Brett Boshco now manages the fund. | 2/18 |
| SITLX | STAAR Larger Company Stock Fund | J. Andre Weisbrod is no longer listed as a portfolio manager for the fund. | Brett Boshco now manages the fund. | 2/18 |
| SITSX | STAAR Smaller Company Stock Fund | J. Andre Weisbrod is no longer listed as a portfolio manager for the fund. | Brett Boshco now manages the fund. | 2/18 |
| FPCIX | Strategic Advisers Core Income Fund | Stewart Wong is no longer listed as a portfolio manager for the fund. | Jonathan Dugan joins Gregory Pappas, Jeffrey Moore, Michael Plage, Franco Castagliuolo, Sean Corcoran, and James Herbst on the management team. | 2/18 |
| HMVAX | The Hartford Midcap Value Fund | James Mordy has announced his plan to retire from the fund, effective December 31, 2018. | Gregory Garabedian will continue to manage the fund. | 2/18 |
| USMIX | USAA Extended Market Index Fund | Jennifer Hsui, Rachel Aguirre, Creighton Jue, Alan Mason, and Greg Savage will no longer serve as portfolio managers for the fund. | Richard Brown, Thomas Durante, and Karen Wong will now run the fund. | 2/18 |
| WEEMX | Wells Fargo Factor Enhanced Emerging Markets Fund | No one, but . . . | Monisha Jayakumar is added as a portfolio manager, joining Dennis Bein, Harindra de Silva, and David Krider on the team. | 2/18 |
| WINTX | Wells Fargo Factor Enhanced International Fund | No one, but . . . | Monisha Jayakumar is added as a portfolio manager, joining Dennis Bein, Harindra de Silva, and David Krider on the team. | 2/18 |
| WLECX | Wells Fargo Factor Enhanced Large Cap Fund | No one, but . . . | Monisha Jayakumar is added as a portfolio manager, joining Dennis Bein, Ryan Brown, and Harindra de Silva on the team. | 2/18 |
| WFESX | Wells Fargo Factor Enhanced Small Cap Fund | No one, but . . . | Monisha Jayakumar is added as a portfolio manager, joining Dennis Bein, Ryan Brown, and Harindra de Silva on the team. | 2/18 |
