Every month we track changes to the management teams of equity, alternative and balanced funds, along with a handful of fixed-income ones. Why “a handful”? Because most fixed-income funds are such sedate creatures, with little performance difference between the top quartile funds and the bottom quartile, that the changes are not consequential. Even in the realms we normally cover, the rise of management committees dilutes the significance of any individual’s departure or arrival.
Chip tracked down 74 funds with manager changes this month. Most of the changes are low-key, though it is interesting that Oakmark (OAKMX) has added another co-manager.
| Ticker | Fund | Out with the old | In with the new | Dt |
| TNYAX | 1290 Global Talents Fund | Mark Beveridge will no longer serve as a portfolio manager for the fund. | Alwi Chan, Kenneth Kozlowski, and Anne Tolmunen will continue to manage the fund. | 1/20 |
| WLDR | Affinity World Leaders Equity ETF | Effective immediately, Pushkar Murthy no longer serves as a portfolio manager. | Gregory Lai, continues to serve as a portfolio manager of the fund. | 1/20 |
| PALAX | AllianzGI Global Allocation Fund | Giorgio Carlino is no longer listed as a portfolio manager for the fund. | Carl Pappo joins Paul Pietranico, Rahul Malhotra, Heather Bergman, and Huy Thanh Vo on the management team. | 1/20 |
| MRLTX | AMG Renaissance Large Cap Growth Fund | No one, but . . . | Andy Eng joins Michael Schroer in managing the fund. | 1/20 |
| MEMKX | BNY Mellon Emerging Markets Fund | Sean Fitzgibbon, Jay Malikowski, and George DeFina are no longer listed as portfolio managers for the fund. | Julianne McHugh and Chris Yao will now manage the fund. | 1/20 |
| CAMIX | Cambiar International Equity Fund | Jennifer Dunne will no longer serve as a portfolio manager for the fund. | Brain Barish, Anna Aldrich, Andrew Baumbusch, Alvaro Shiraishi, and Todd Edwards will continue to manage the fund. | 1/20 |
| CAMFX | Cambiar International Small Cap Fund | Jennifer Dunne will no longer serve as a portfolio manager for the fund. | Brain Barish, Alvaro Shiraishi, and Todd Edwards will continue to manage the fund. | 1/20 |
| HFXAX | Catalyst Hedged Futures Strategy Fund | Edward Walczak will no longer serve as a portfolio manager for the fund. | Scott Kimple and Mark Adams will now manage the fund. | 1/20 |
| HFXIX | Catalyst/Warrington Strategic Program | Edward Walczak will no longer serve as a portfolio manager for the fund. | Scott Kimple and Mark Adams will now manage the fund. | 1/20 |
| CCSZX | Columbia Commodity Strategy Fund | David Donora and Nicolas Robin will no longer serve as portfolio managers for the fund. | Matthew Ferrelli and Marc Khalamayzer now manage the fund. | 1/20 |
| DBALX | Davenport Balanced Income Fund | On December 31, 2019, David M. West retired and is no longer listed as a portfolio manager for the fund. | Joel Ray, Kevin Hopkins, Jr., and Christopher Pearson have joined Michael Beall, John Ackerly, E. Trigg Brown, Robert Giles, Charles Gomer, Christopher Kelly, and George Smith on the management team. | 1/20 |
| DAVPX | Davenport Core Fund | On December 31, 2019, David M. West retired and is no longer listed as a portfolio manager for the fund. | Joel Ray and Christopher Pearson have joined Michael Beall, John Ackerly, E. Trigg Brown, Robert Giles, and George Smith on the management team. | 1/20 |
| DVIPX | Davenport Value & Income Fund | On December 31, 2019, David M. West retired and is no longer listed as a portfolio manager for the fund. | Joel Ray and Christopher Pearson have joined Michael Beall, John Ackerly, E. Trigg Brown, Robert Giles, and George Smith on the management team. | 1/20 |
| DMCRX | Driehaus Micro Cap Growth Fund | No one, but . . . | Prakash Vijayan joins Jeffrey James and Michael Buck on the management team. | 1/20 |
| DVSMX | Driehaus Small Cap Growth Fund | No one, but . . . | Prakash Vijayan joins Jeffrey James and Michael Buck on the management team. | 1/20 |
| DNREX | Dunham Real Estate Stock Fund | David Wharmby will no longer serve as a portfolio manager for the fund. | Burland East and Creede Murphy now manage the fund. | 1/20 |
| ETHIX | Eaton Vance High Income Opportunities Fund | Michael Weilheimer is no longer listed as a portfolio manager for the fund. | Jeffrey Mueller, Kelley Baccei, and Stephen Concannon will continue to manage the fund. | 1/20 |
| AEPGX | EuroPacific Growth Fund | No one, but . . . | Noriko Chen and Gerald Du Manoir join the other nine managers on the team. | 1/20 |
| FAGNX | Fidelity Advisor Energy Fund | John Dowd will no longer serve as a portfolio manager for the fund. | Maurice FitzMaurice now manages the fund. | 1/20 |
| FDFAX | Fidelity Select Consumer Staples Fund | No one, but . . . | Ben Shuleva joins Nicola Stafford in managing the fund. | 1/20 |
| FSENX | Fidelity Select Energy Fund | John Dowd will no longer serve as a portfolio manager for the fund. | Maurice FitzMaurice now manages the fund. | 1/20 |
| FBSAX | Franklin Mutual U.S. Value Fund | No one, but . . . | Srini Vijay joins Grace Hoefig in managing the fund. | 1/20 |
| FRVLX | Franklin Small Cap Value Fund | No one, but . . . | Nicholas Karzon joins Steven Raineri and Christopher Meeker in managing the fund. | 1/20 |
| GFRAX | Goldman Sachs High Yield Floating Rate Fund | Effective immediately, Ken Yang will no longer serve as a portfolio manager for the fund. | Rachel Golder and Peter Campo will continue to serve as portfolio managers for the fund. | 1/20 |
| HMIAX | Hancock Horizon Microcap Fund | Anthony Slovick no longer serves as a portfolio manager for the fund. | Steven Solomon will continue to manage the fund. | 1/20 |
| HJIGX | Hardman Johnston International Growth Fund | Michael Mufson, Ezra Samet, and Donald Smith are no longer listed as portfolio managers for the fund. | Cassandra Hardman, James Pontone, and Henry Woo will now manage the fund. | 1/20 |
| HRSVX | Heartland Select Value Fund | No one, but . . . | Troy McGlone, Vice President of Heartland Advisors, has joined the team of Will Nasgovitz and Colin McWey in managing the fund. | 1/20 |
| HISIX | Homestead International Equity | Alexander Walsh has retired and Scott Crawshaw is no longer listed as a portfolio manager for the fund. | Ferrill Roll, Andrew West, Brian Lloyd, and Patrick Todd will continue to manage the fund. | 1/20 |
| IMAAX | Ivy Apollo Multi-Asset Income Fund | George Noon and Philip Sanders are no longer listed as portfolio managers for the fund. | Dan Hanson, Ben Lentz, and Paul Meierdierck join the other eight managers on the team. | 1/20 |
| IVJAX | Ivy International Small Cap Fund | Seamus Kelly is no longer listed as a portfolio manager for the fund. | Kalle Huhdanmäki joins Bryan Mattei and Martin Fahey in managing the fund. | 1/20 |
| IREAX | Ivy LaSalle Global Real Estate Fund | George Noon is no longer listed as a portfolio manager for the fund. | Ben Lentz and Paul Meierdierck join Matthew Sgrizzi and Lisa Kaufman on the management team. | 1/20 |
| IRBAX | Ivy Pictet Targeted Return Bond Fund | Thomas Hanson is no longer listed as a portfolio manager for the fund. | Andres Sanchez Balcazar, David Bopp and Ella Hoxha will continue to manage the fund. | 1/20 |
| JAVAX | James Aggressive Allocation Fund | Matthew Watson will no longer serve as a portfolio manager for the fund. | R. Brian Culpepper, David James, Barry James, Ann Shaw, Brian Shepardson, and Trent Dysert will continue to manage the fund. | 1/20 |
| GLRBX | James Balanced: Golden Rainbow Fund | Matthew Watson will no longer serve as a portfolio manager for the fund. | R. Brian Culpepper, David James, Barry James, Ann Shaw, Brian Shepardson, and Trent Dysert will continue to manage the fund. | 1/20 |
| JMCRX | James Micro Cap Fund | Matthew Watson will no longer serve as a portfolio manager for the fund. | R. Brian Culpepper, David James, Barry James, Ann Shaw, Brian Shepardson, and Trent Dysert will continue to manage the fund. | 1/20 |
| JASCX | James Small Cap Fund | Matthew Watson will no longer serve as a portfolio manager for the fund. | R. Brian Culpepper, David James, Barry James, Ann Shaw, Brian Shepardson, and Trent Dysert will continue to manage the fund. | 1/20 |
| LDMAX | Lord Abbett Emerging Markets Bond Fund | No one, but . . . | Mila Skulkina joins John Morton and Steven Rocco in managing the fund. | 1/20 |
| LCDIX | Lord Abbett Emerging Markets Corporate Debt Fund | No one, but . . . | Mila Skulkina joins John Morton and Steven Rocco in managing the fund. | 1/20 |
| LGCAX | Lord Abbett Global Equity Research Fund | David Linsen and Sue Kim are no longer listed as portfolio managers for the fund. | Ryan Howard and Servesh Tiwari will now manage the fund. | 1/20 |
| MNCDX | Mercer Non-US Core | Tuomo Vuolteenaho is no longer listed as a portfolio manager for the fund. | Over a dozen managers remain with the fund. | 1/20 |
| MALAX | Mirae Asset Discovery Asia Fund | Effective January 9, 2020, Vineet Thodge will no longer serve as a portfolio manager for the fund. | Wei Wei Chua joins Rahul Chadha in managing the fund. | 1/20 |
| MALGX | Mirae Asset Discovery Emerging Markets Fund | Effective January 9, 2020, Vineet Thodge will no longer serve as a portfolio manager for the fund. | Wei Wei Chua joins Rahul Chadha and William Malcolm Dorson in managing the fund. | 1/20 |
| Various | Natixis Sustainable Future 2015 Fund, Natixis Sustainable Future 2040 Fund, Natixis Sustainable Future 2020 Fund, Natixis Sustainable Future 2045 Fund, Natixis Sustainable Future 2025 Fund, Natixis Sustainable Future 2050 Fund, Natixis Sustainable Future 2030 Fund, Natixis Sustainable Future 2055 Fund, Natixis Sustainable Future 2035 Fund, and Natixis Sustainable Future 2060 Fund | No one, but . . . | Michael Nicolas has joined the other two dozen or so managers on the team. | 1/20 |
| NEFSX | Natixis U.S. Equity Opportunities Fund | No one, but . . . | Michael Nicolas has joined Aziz Hamzaogullari, Kevin Grant, M. Colin Hudson, William Nygren, and Michael Mangan on the management team. | 1/20 |
| NSOPX | North Star Opportunity Fund | Effective as of January 15, 2020, Jim Tassoni is no longer a portfolio manager of the North Star Opportunity Fund. | Bradley Cohen, Sheldon Goodman, Peter Gottlieb, and Eric Kuby will continue to manage the fund. | 1/20 |
| NEKAX | Nuveen Emerging Markets Equity Fund | David Lund and Reed Walters are no longer listed as portfolio managers for the fund. | Barton Grenning and Willis Tsai are now managing the fund. | 1/20 |
| OAKMX | Oakmark Fund | No one, but . . . | Michael Nicolas has joined the Kevin Grant and William Nygren in managing the fund. | 1/20 |
| PJIAX | PGIM Jennison Focused Value Fund | Mark DeFranco and Brian Gillott are no longer listed as portfolio managers for the fund. | Josheph Esposito and Warren Koontz are now managing the fund. | 1/20 |
| PWDAX | Power Dividend Index Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| DMCAX | Power Dividend Mid-Cap Index Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| FLOAX | Power Floating Rate Index Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| GTAAX | Power Global Tactical Allocation/JAForlines Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| PWRAX | Power Income Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| MOJAX | Power Momentum Index Fund | Effective December 31, 2019, Robert Shea no longer serves as a portfoliomanager of the fund. | Effective December 9, 2019, Nicholas Lobley has been added as a portfolio manager of the Funds. The rest of the team, John Forlines, Jeffrey Thompson, and Richard Molari have not changed. | 1/20 |
| PRIAX | Principal International Emerging Markets Fund | Mihail Dobrinov is no longer listed as a portfolio manager for the fund. | Paul Blankenhagen and Jeffrey Kilkenny have joined Alan Wang in managing the fund. | 1/20 |
| PINOX | Putnam International Growth Fund | Jeffrey Sacknowitz will no longer serve as a portfolio manager for the fund. | R. Shepherd Perkins now manages the fund. | 1/20 |
| HDCAX | Rational Equity Armor Fund | Timothy McIntosh will no longer serve as a portfolio manager for the fund. | Brian Stutland, Luke Rahbari, and Joseph Tigay are now managing the fund. | 1/20 |
| SCGVX | Sands Capital Global Growth Fund | Sunil Thakor will no longer serve as a portfolio manager for the fund. | Brain Christiansen joins David Levanson and T. Perry Williams in managing the fund. | 1/20 |
| WTMVX | Segall Bryant & Hamill Global Large Cap Fund | Lisa Ramirez will step down from the management team, effective May 1, 2020. | The rest of the team will continue to manage the fund. | 1/20 |
| WTMCX | Segall Bryant & Hamill Mid Cap Value Dividend Fund | Lisa Ramirez will step down from the management team, effective May 1, 2020. | The rest of the team will continue to manage the fund. | 1/20 |
| WISVX | Segall Bryant & Hamill Small Cap Value Dividend Fund | Lisa Ramirez will step down from the management team, effective May 1, 2020. | The rest of the team will continue to manage the fund. | 1/20 |
| WEQRX | Segall Bryant & Hamill Workplace Equality Fund | Lisa Ramirez will step down from the management team, effective May 1, 2020. | The rest of the team will continue to manage the fund. | 1/20 |
| SOAEX | Spirit of America Energy Fund | William Mason is no longer listed as a portfolio manager for the fund. | Douglas Revello now manages the fund. | 1/20 |
| SOAOX | Spirit of America Income & Oppurtunities | William Mason is no longer listed as a portfolio manager for the fund. | Mark Reilly will now manage the fund. | 1/20 |
| TZINX | Templeton Global Balanced Fund | No one, but . . . | Herbert Arnett joins Warren Pustam and Michael Hasenstab in managing the fund. | 1/20 |
| TIEWX | TIAA-CREF International Equity Fund | Chris Semenuk is no longer a portfolio manager of the fund. | John Tribolet and Gregory Mancini will now manage the fund. | 1/20 |
| TCLCX | TIAA-CREF Large-Cap Value Fund | Richard Cutler is no longer a portfolio manager of the fund. | Charles Carr will continue to serve as portfolio manager | 1/20 |
| TCMHX | TIAA-CREF Mid-Cap Growth Fund | George (Ted) Scalise is no longer a portfolio manager of the fund. | Terrence Kontos joins Adrian Almazan on the management team. | 1/20 |
| TCMVX | TIAA-CREF Mid-Cap Value Fund | Richard Cutler is no longer a portfolio manager of the fund. | David Chalupnik and Evan Staples will now manage the fund. | 1/20 |
| VGENX | Vanguard Energy Fund | Gregory LeBlanc is no longer listed as a portfolio manager for the fund. | G. Thomas Levering joins James Stetler and Binbin Guo in managing the fund. | 1/20 |
| VMGRX | Vanguard Mid-Cap Growth Fund | Stephen Knightly has retired and will no longer serve as a portfolio manager for the fund. | Ravi Dabas, Christopher Scarpa, Timothy Manning, Paul Leung, D. Scott Tracy, Christopher Clark, Melissa Chadwick-Dunn, and Stephen Bishop on the management team. | 1/20 |
| SCSAX | Wells Fargo Common Stock Fund | Ann Miletti will no longer serve as a portfolio manager for the fund. | Garth Newport joins Christopher Miller in managing the fund. | 1/20 |
| WFSMX | Wells Fargo Intrinsic Small Cap Value Fund | Ann Miletti will no longer serve as a portfolio manager for the fund. | Theran Motl joins Christopher Miller in managing the fund. | 1/20 |
| SOPVX | Wells Fargo Opportunity Fund | Ann Miletti will no longer serve as a portfolio manager for the fund. | Kurt Gunderson joins Christopher Miller in managing the fund. | 1/20 |
