Ticker

Fund

Out with the old

In with the new

Dt

NTFAX

Aberdeen Tax-Free Income Fund

James Faunce and William Hines are no longer listed as portfolio managers on the fund.

Edward Grant and Michael Degernes continue to serve

10/14

AXBAX

Columbia Capital Allocation Aggressive Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

ABDAX

Columbia Capital Allocation Conservative Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

NBIAX

Columbia Capital Allocation Moderate Aggressive Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

NLGAX

Columbia Capital Allocation Moderate Conservative Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

ABUAX

Columbia Capital Allocation Moderate Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

NLGIX

Columbia LifeGoal® Growth Portfolio

Melda Mergen is no longer a portfolio manager

The rest of the team remains

10/14

DRCVX

Comstock Capital Value

Martin Weiner, a founder of the bearish Comstock Partners, passed away on October 16, 2014 at age 84.

Charles Minter will continue to be the portfolio manager of the fund.

10/14

CAALX

Cornerstone Advisors Public Alternatives Fund

No one, but . . .

Numeric Investors has been added as a new subadvisor to the fund, with Gregory Bond and Daniel Taylor joining the management team.

10/14

CSAAX

Credit Suisse Managed Futures Strategy Fund

In conjunction with a change in investment objectives and strategies, Jordan Drachman is out, and …

Jonathan Sheridan, Mark Nodelman, and Sid Browne join Sheel Dhande.

10/14

CSQAX

Credit Suisse Multialternative Strategy Fund

In conjunction with a change in investment objectives and strategies, Jordan Drachman is out, and …

Jonathan Sheridan, Mark Nodelman, and Sid Browne join Sheel Dhande.

10/14

STSVX

Dreyfus/The Boston Company Small Cap Value Fund

No one, but . . .

Jonathan Piskorowski joins Joseph Corrado and Stephanie Brandaleone in managing the fund

10/14

DAAVX

Dunham Dynamic Macro Fund, formerly Dunham Loss Averse Equity Income Fund

In conjunction with a name and strategy change, Patrick Adams and Joseph Pecoraro are no longer managing the fund.

The new fund managers are Vassilis Dagioglu, James Stavena, and Torrey Zaches

10/14

DCMEX

DuPont Capital Emerging Markets Fund

Rafi Zaman has announced that he will retire in February 2015

Erik Zipf and Lode Devlaminck have joined as principal portfolio managers in preparation for Mr. Zaman’s retirement.

10/14

EGEAX

Eagle Smaller Company Fund

Eagle Boston Investment Management is no longer a subadvisor to the fund, hence David Adams and John McPherson are no longer portfolio managers

Charles Schwartz, Betsy Pecor, and Matthew McGeary are co-portfolio managers of the fund

10/14

EVCGX

Eaton Vance Greater China Growth Fund

Pamela Chan is no longer listed as a portfolio manager

Stephen Ma has joined May Ling Wee as a portfolio manager

10/14

EROAX

Eaton Vance Hedged Stock, formerly the Eaton Vance Risk-Managed Equity Option Fund

Micheal Allison, Kenneth Everding, Jonathan Orseck, and Walter Row are out.

Charles Gaffney takes over as the sole porfolio manager.

10/14

EBHIX

Equinox BH-DG Strategy Fund

Richard Bornhoft, Afroz Qadeer and Sue Osborne are no longer members of the portfolio management team

Ajay Dravid and Rufus Rankin will continue on

10/14

EEHAX

Equinox EquityHedge US Strategy Fund

Afroz Qadeer and Sue Osborne are no longer members of the portfolio management team

Ajay Dravid and Rufus Rankin will continue on

10/14

MHFAX

Equinox MutualHedge Futures Strategy Fund

Afroz Qadeer and Sue Osborne are no longer members of the portfolio management team

Richard Bornhoft, Ajay Dravid and Rufus Rankin will carry on

10/14

FACNX

Fidelity Advisor Canada Fund

Douglas Lober no longer serves as a co-manager of the fund.  That’s likely a good thing, since the fund floundered under his leadership.

Risteard Hogan remains

10/14

FDMAX

Fidelity Advisor Communications Equipment Fund

No one, but . . .

Colin Anderson joins Ali Khan as a co-manager to the fund.

10/14

FSSKX

Fidelity Advisor Stock Selector All Cap Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

10/14

FVLAX

Fidelity Advisor Value Leaders Fund

Michael Chren is no longer listed as a portfolio manager

Sean Gavin is now listed as a portfolio manager

10/14

FBCVX

Fidelity Blue Chip Value Fund

Michael Chren is no longer listed as a portfolio manager

Sean Gavin is now listed as a portfolio manager

10/14

FIENX

Fidelity International Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FLCEX

Fidelity Large Cap Core Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FLGEX

Fidelity Large Cap Growth Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FLVEX

Fidelity Large Cap Value Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FMEIX

Fidelity Mid Cap Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FNORX

Fidelity Nordic Fund

Per Johansson is no longer a listed manager

Stefan Lindblad takes over.

10/14

FSOFX

Fidelity Series Small Cap Opportunities Fund

Anmol Mehra no longer serves as a co-manager of the fund

The rest of the team remains

10/14

FCPEX

Fidelity Small Cap Enhanced Index Fund

No one, but . . .

Shashi Naik joined Patrick Waddell, Louis Bottari, Maximilian Kaufmann, and Peter Matthew on the management team.

10/14

FUSEX

Fidelity Spartan 500 Index Fund

No one, but . . .

Deane Gyllenhaal joins Patrick Waddell, Louis Bottari and Peter Matthew as a portfolio manager to the fund.

10/14

FDSSX

Fidelity Stock Selector All Cap Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

10/14

SGENX

First Eagle Global Fund

Abhay Deshpande has resigned.  Deshpande originally co-managed the fund with the legendary Jean-Marie Evilliard (auto-correct hints “do you mean Evil Lizard?”)

Matthew McLennan and Kimball Brooker continue to manage the fund

10/14

SGOVX

First Eagle Overseas Fund

Abhay Deshpande has resigned.  Odd that the departure of such a senior manager has generated no commentary.

Matthew McLennan and Kimball Brooker continue to manage the fund

10/14

FEVAX

First Eagle U.S. Value Fund

Abhay Deshpande has resigned.

Matthew McLennan, Kimball Brooker, and Matthew Lamphier continue to manage the fund

10/14

GERAX

Goldman Sachs Emerging Markets Equity Insights Fund

Steve Jeneste is no longer serving as a portfolio manager to the fund.

James Park joins Dennis Walsh, Ronald Hua, William Fallon and Len Ioffe on the management team.

10/14

GMSAX

Goldman Sachs Managed Futures Strategy Fund

Steve Jeneste is no longer serving as a portfolio manager to the fund.

James Park joins William Fallon in managing the fund.

10/14

GSRAX

Goldman Sachs Rising Dividend Growth Fund

No one, but . . .

Michael Nix will join Jere Estes, C. Troy Shaver, and Ying Wang in managing the fund

10/14

ALPHX

Hatteras Alpha Hedged Strategies Fund

No one, but . . .

Lorem Ipsum Management and Blue Jay Capital Management have been added as subadvisors to the fund

10/14

HHSIX

Hatteras Hedged Strategies Fund

No one, but . . .

Lorem Ipsum Management and Blue Jay Capital Management have been added as subadvisors to the fund

10/14

HLSAX

Hatteras Long/Short Equity Fund

No one, but . . .

Lorem Ipsum Management and Blue Jay Capital Management have been added as subadvisors to the fund

10/14

INHAX

Inflation Hedges Strategy Fund

Commodity Strategies AG is no longer a subadvisor to the fund.

Taylor Investment Counselors joins as a subadvisor. New managers joining the team are Robert Holroyd, Michael Whitney, Ben Niedermeyer, and Christopher Blakely.

10/14

JDWAX

Janus Global Research Fund

James Goff will retire in mid-December.  Mr. Goff joined Janus in 1998, became head of research in 2002 and has led this fund for 8 years.

Carmel Wellso will take the lead over a group of sector team leaders consisting of Andrew Acker, Jean Barnard, Eileen Hoffmann, Brinton Johns, John Jordan, Kristopher Kelley, and Kenneth Spruell

10/14

JRAAX

Janus Research Fund

James Goff retire in mid-December

Carmel Wellso will take the lead here, too, with the same team as on JDWAX

SWOIX

Laudus International MarketMasters Fund

Mark Kopinski has been replaced …

… by Federico Laffan. The rest of the extensive team remains.

10/14

MASNX

Litman Gregory Masters Alternative Strategies Fund

No one, but . . .

Passport Capital, LLC is added as a sub-advisor, and John Burbank and Tim Garry are added as portfolio managers. The rest of the team remains.

10/14

PECZX

PIMCO Emerging Markets Corporate Bond Fund

Michael Gomez and Brigitte Posch are no longer listed as portfolio managers

Said Saffari becomes the sole portfolio manager

10/14

LCEMX

Pioneer Emerging Markets Local Currency Debt Fund

Esther Law is out

Hakan Aksoy remains

10/14

PMDEX

PMC Diversified Equity Fund

No one, but . . .

Adam Liebhoff joins the team.

10/14

PMSAX

Principal Global Multi-Strategy Fund

PIMCO is no longer a subadvisor to the fund

The rest of the team remains

10/14

PCGAX

Prudential Income Builder

Everyone. The whole team has turned over as Prudential shifts from sub-advisers to in-house management.  An odd choice, given that the sub-advisors were putting up exceptionally solid numbers.

The new team consists of Ted Lockwood, Edward Campbell, Rory Cummings, Ubong “Bobby” Edemeka, Shaun Hong, Paul Appleby, David Bessey, Robert Cignarella, Brian Clapp, Michael Collins, Cathy Hepworth, Terence Wheat, Robert Spano, Daniel Thorogood, Ryan Kelly, Marc Halle, Rick Romano, Gek Lang Lee, and Michael Gallagher.

10/14

TMFAX

Raylor Managed Futures Strategy Fund

Barry Cronin and Greg Cavallo are no longer listed as portfolio managers

Damon Hart and Gregory Rogers are newly listed as porfolio managers

10/14

RMRFX

Redmont Resolute Fund

Turner Investments is out as a subadvisor (that happens a lot), along with Christopher Baggini

PineBridge Investments joins as a subadvisor, bringing Michael Kelly to the team.

10/14

RSEIX

Royce Special Equity Fund

No one, but . . .

Steven McBoyle joined Charles Dreifus as an assistant portfolio manager

10/14

RMUIX

Royce Special Equity Multi-Cap Fund

No one, but . . .

Steven McBoyle joined Charles Dreifus as an assistant portfolio manager

10/14

SNOAX

Snow Capital Opportunity Fund

No one, but . . .

Jessica Bemer has joined Richard Snow and Nathan Snyder on the management team.

10/14

SNIAX

State Farm International Equity Fund

James Gendelman has resigned from Marsico “by mutual agreement” but for no stated reason and Marsico has been dropped.

Munish Malhotra, Edward Wendell Jr., James LaTorre, Jean-Francois Ducrest and Howard Appleby remain on the fund.

10/14

SLSAX

Sterling Capital Long/Short Equity Fund

Robert Sanborn – yes, that Robert Sanborn, the Oakmark legend – is no longer listed as a portfolio manager.

Charles Frumberg joins the team with new subadvisor, Emancipation Capital

10/14

FNAPX

Strategic Advisers Small-Mid Cap Multi-Manager Fund

No one, but . . .

Boston Company Asset Management has been added as the tenth subadviser to the fund

10/14

TCVAX

Touchstone Mid Cap Value Fund

Donald Cleven is no longer listed as a portfolio manager

R. Todd Vingers and Jay Willadsen take over as portfolio managers

10/14

FOBAX

Tributary Balanced Fund

No one, but . . .

Ronald Horner and Kurt Spieler joined Charles Lauber on the fund

10/14

VWIGX

Vanguard International Growth Fund

Greg Aldridge is no longer listed as a portfolio manager

Charles Anniss joins Kavé Sigaroudinia, Simon Webber, and James Anderson in running the fund.

10/14

IADEX

Voya Diversified Emerging Markets Debt Fund

No one, but . . .

Jean-Dominique Bütikofer joins Brian Timberlake and Matthew Toms

10/14

AESAX

Voya Small Company Fund

Steve Salopek will retire in June, 2015.

James Hasso and Joseph Basset will remain on the fund

10/14

NSPAX

Voya SmallCap Opportunities Fund

Steve Salopek will retire in June, 2015.

James Hasso and Joseph Basset will remain on the fund

10/14

Ticker

Fund

Out with the old

In with the new

Dt

ASFIX

Absolute Strategies Fund

No one, but . . .

Harvest Capital Strategies and Pine Cobble Capital will become subadvisers to the fund.

9/14

MBDFX

AMG Managers Total Return Bond Fund

William Gross.  This would be, alphabetically, the first of nearly 40 manager changes attributable to Mr. Gross’s change of employment.

Scott Mather, Mark Kiesel, and Mihir  Worah have been designated as his successors here.

9/14

AHFAX

Aurora Horizons

Chicago Fundamental Investment Partners is out as a subadvisor to the fund

The other nine subadvisors remain.

9/14

BXMMX

Blackstone Alternative Multi-Manager Fund

No one, but . . .

Rail-Splitter Capital Management has joined as a new subadviser.

9/14

DHGRX

Centre Global Select Equity Fund

Jing Sun is out

Xavier Smith take over.

9/14

KDCAX

Deutsche Large Cap Value

Peter Steffen

Deepak Khanna

9/14

DRGGX

Driehaus Global Growth Fund, which itself is slated for liquidation.

Dan Rea is out, along with assistant portfolio manager, Sebastian Pigeon

Joshua Rubin moves up to lead portfolio manager. 

9/14

DRIDX

Driehaus International Discovery Fund

Dan Rea is out, along with assistant portfolio manager, Sebastian Pigeon

Joshua Rubin moves up to lead portfolio manager

9/14

DAAIX

Dunham Appreciation & Income Fund

Calamos Advisors is out as a subadvisor

Penn Capital Management takes over as subadvisor

9/14

DAAVX

Dunham Loss Averse Equity Income Fund

PVG Asset Management is no longer a subadvisor

Mellon Capital Management is the new subadvisor

9/14

EIIPX

E.I.I. International Property

Suang Eng Tsan

Andrew Cox and Michael Wong join Alfred Otero

9/14

ENRAX

Eaton Vance Global Natural Resources

Robert Lyon

Stephen Bonnyman

9/14

FGSAX

Federated MDT Mid Cap Growth Fund

No one, but . . .

John Lewicke joins Brian Greenberg, Frederick Konopka, and Daniel Mahr.

9/14

FSTRX

Federated MDT Stock Trust Fund

No one, but . . .

John Lewicke joins Brian Greenberg, Frederick Konopka, and Daniel Mahr.

9/14

FSGLX

Frontegra RobecoSAM Global Equity Fund

Diego D’Argenio is no longer a portfolio manager of the fund.

Rainer Baumann assumed the position of senior portfolio manager. Kai Fachinger remains on the fund.

9/14

FACEX

Frost Growth Equity Fund

Stephen Coker and TJ Qatato (yep, we checked the spelling) no longer serve as portfolio managers to the Fund.

John Lutz, Tom Stringfellow, and Brad Thompson carry on

9/14

GTCIX

Glenmede International Fund

Frederick Herman is no longer listed as a portfolio manager.

Wei Huang joins Andrew B. Williams, Robert Benthem de Grave, and Stephen Dolce to manage the fund.

9/14

MXREX

Great-West Real Estate Index Fund

No one, but . . .

Deanne Gyllenhaal joins Louis Bottari, Peter Matthew, and Patrick Waddell

9/14

MXGBX

Great-West Templeton Global Bond Fund

Canyon Chan (sounds like he should be a fighter pilot) is no longer a portfolio manager of the fund.

Michael Hasentab and Christine Zhu carry on.

9/14

GLDZX

GuideStone Funds Low-Duration Bond Fund

Chris Dialynas no longer serves as a portfolio manager.

Mary Syal, Thomas Musmanno, Scott MacLellan, Brian Matthews and Jerome Schneider remain on the fund.

9/14

GMDZX

GuideStone Funds Medium-Duration Bond Fund

Chris Dialynas no longer serves as a portfolio manager.

Jonathan Beinner, Carl Eichstaedt, Mark Lindbloom, Michael Swell, Julien Scholnick, Sudi Mariappa, Michael Buchanan, Keith Gardner, and S. Kenneth Leech remain.

9/14

HCGAX

HSBC Emerging Markets Debt Fund

No one, but . . .

Vinayak Potti joins Guillermo Ossés, Lisa Chua, Binqi Liu, and Phil Yuhn.

9/14

HBMAX

HSBC Emerging Markets Local Debt Fund

No one, but . . .

Abdelak Adjriou joins Guillermo Ossés, Lisa Chua, Binqi Liu, and Phil Yuhn.

9/14

HRSAX

Huntington Real Strategies Fund

Robert “Chip” Henderson II, who served as portfolio manager for only five months.

Paul Attwood joins Peter Sorrentino.

9/14

ALAAX

Invesco Income Allocation

Gary Wendler is no longer listed as a portfolio manager

Duy Nguyen is in

9/14

AINAX

Invesco International Allocation

Gary Wendler is no longer listed as a portfolio manager

Duy Nguyen is in

9/14

IECAX

Ivy Emerging Markets Local Currency Debt Fund

Orlena Yee is out

The rest of the team, Simon Lue-Fong, , Mary-Therese Barton, Wee-Ming Ting, Philippe Petit, and Guido Chamorro, remains

9/14

JAREX

James Alpha Global Real Estate Investments Portfolio

Amanda Black no longer serves as a portfolio manager.

Andrew Duffy continues on.

9/14

JUCAX

Janus Unconstrained Bond Fund (soon to be Janus Global Unconstrained Bond Fund)

Gibson Smith and Darrell Watters

William Gross

9/14

JITRX

JHancock Funds II Total Return

William Gross

Mark Kiesel, Scott Mather, and Mihir Worah are in

9/14

JFIAX

John Hancock Floating Rate Income Fund

Stephen A. Walsh no longer serves as a portfolio manager of the fund.

S. Kenneth Leech has been named as portfolio manager the fund. Michael C. Buchanan and Timothy J. Settel will continue as portfolio managers of the fund.

9/14

JISOX

John Hancock Small Cap Opportunities Fund

No one, but . . .

Brandywine Global Investment Management and Gannett, Welsh & Kotler have been added as subadvisors

9/14

JASAX

JPMorgan Alternative Strategies Fund

Bala Iyer will retire at the end of the month

The rest of the team remains

9/14

JDEAX

JPMorgan Disciplined Equity Fund

Terance Chen is no longer listed as a portfolio manager

Steven Lee, Raffaele Zingone, and Aryeh Glatter remain.

9/14

JUEAX

JPMorgan Equity Index Fund

No one, but . . .

Nicholas D’Eramo will join the team at the beginning of November.

9/14

JEITX

JPMorgan Global Research

Beltrán de la Lastra is out

James Cook, Ido Eisenberg, and Demetris Georghiou are in.

9/14

OIEAX

JPMorgan International Research Enhanced Equity

Beltrán de la Lastra is out

James Cook and Ido Eisenberg are in.

9/14

OGIAX

JPMorgan Investor Balanced

Bala Iyer will retire at the end of the month

The rest of the team remains

9/14

OICAX

JPMorgan Investor Conservative Growth

Bala Iyer will retire at the end of the month

The rest of the team remains

9/14

ONGIX

JPMorgan Investor Growth & Income

Bala Iyer will retire at the end of the month

The rest of the team remains

9/14

ONGAX

JPMorgan Investor Growth

Bala Iyer will retire at the end of the month

The rest of the team remains

9/14

HSKAX

JPMorgan Market Neutral

Terance Chen is no longer listed as a portfolio manager

Steven Lee and Raffaele Zingone remain.

9/14

JLSAX

JPMorgan Research Equity Long/Short

Terance Chen is no longer listed as a portfolio manager

Steven Lee and Raffaele Zingone remain.

9/14

JMNAX

JPMorgan Research Market Neutral

Terance Chen is no longer listed as a portfolio manager

Steven Lee and Raffaele Zingone remain.

9/14

JEPAX

JPMorgan U.S. Research Equity Plus

Terance Chen is no longer listed as a portfolio manager

Aryeh Glatter and Raffaele Zingone return to manage the fund after a two month absence

9/14

KPFIX

KP Fixed Income

Kelly Cliff ceased serving as co-portfolio manager

Ivan “Butch” Cliff joined the rest of the team.

9/14

KPIEX

KP International Equity Fund

Kelly Cliff ceased serving as co-portfolio manager

Ivan “Butch” Cliff joined the rest of the team.

9/14

KPLCX

KP Large Cap Equity Fund

Kelly Cliff ceased serving as co-portfolio manager

Ivan “Butch” Cliff joined the rest of the team.

9/14

KPSCX

KP Small Cap Equity Fund

Kelly Cliff ceased serving as co-portfolio manager

Ivan “Butch” Cliff joined the rest of the team.

9/14

SWMSX

Laudus Small-Cap MarketMasters Fund

TAMRO Capital Partners LLC will no longer serve as an investment manager

The rest of the team remains

9/14

LSVRX

Loomis Sayles Value Fund

No one, but . . .

Adam Liebhoff joins Arthur Barry who’s been running the fund on his own since Warren Koontz’s departure last month.

9/14

MOPAX

MainStay US Small Cap Fund

Janet Navon will be leaving at the end of the year

David Pearl and Michael Welhoelter will continue to serve as portfolio managers of the fund.

9/14

MDDAX

MassMutual Select Diversified Value Fund

Warren Koontz is no longer listed as a portfolio manager

Joseph Kirby, Henry Otto, Steven Tonkovich, and Arthur Barry remain on the fund.

9/14

NMMGX

Northern Multi-Manager Global Real Estate Fund

Subadvisor, EII Real Securities is out, along with managers Peter Nieuwland, Alfred Otero, James Rehlander, and Suang Eng Tsan.

Subadvisor, Delaware Investments Fund Advisers, is in. The remainder of the managers stay on the fund.

9/14

MIBFX

Orion/Monetta Intermediate Bond Fund

George Palmer, Jr., no longer serves as a portfolio manager.

Stephen Cummings, Jr., continues on.

9/14

PARNX

Parnassus Fund

Romahlo Wilson ceased acting as a co-portfolio manager

Jerome Dodson continues to serve as lead portfolio manager, and Ian Sexsmith continues to serve as co-portfolio manager.  Sexsmith?  Smith, as in “one who makes…”?

9/14

LSEAX

Persimmon Long/Short Fund

Todd Dawes no longer serves as a portfolio manager of the fund.

Arthur Holley has been added as a portfolio manager, joining Greg Horn and the rest of the extensive team.

9/14

PEQAX

PIMCO EqS Emerging Markets Fund

Masha Gordon

Virginie Maisonneuve

9/14

PFATX

PIMCO Fundamental Advantage Absolute Return Strategy

William Gross

Robert Arnott, Mohsen Fahmi and Saumil Parikh

9/14

PIXAX

PIMCO Fundamental IndexPLUS AR

William Gross

Robert Arnott, Mohsen Fahmi and Saumil Parikh

9/14

PSCSX

PIMCO Small Cap StocksPLUS AR Strategy

William Gross

Mohsen Fahmi and Saumil Parikh

9/14

PSTKX

PIMCO StocksPLUS

William Gross

Sudi Mariappa

9/14

PSPTX

PIMCO StocksPLUS Absolute Return

William Gross

Mohsen Fahmi and Saumil Parikh

9/14

PSTIX

PIMCO StocksPLUS AR Short Strategy

William Gross

Mohsen Fahmi and Saumil Parikh

9/14

PTXAX

PIMCO Tax Managed Real Return Fund

Mihir Worah is out

Rahul Seksaria joins Joseph Dean in managing the fund.

9/14

PTTRX

PIMCO Total Return

William Gross

Mark Kiesel, Scott Mather, and Mihir Worah are in

9/14

PUBAX

PIMCO Unconstrained Bond Fund

William Gross

Daniel Ivascyn, Mohsen Fahmi, and Saumil Parikh

9/14

PIAAX

Pioneer Ibbotson Aggressive Allocation Fund

Pioneer Investment Management, Inc. will assume direct responsibility for the day-to-day management of each of the Pioneer Ibbotson Allocation funds in mid-November. This will involve a name and strategy change, as well.

There’s no word yet on portfolio managers

9/14

GRAAX

Pioneer Ibbotson Growth Allocation Fund

Pioneer Investment Management, Inc. will assume direct responsibility for the day-to-day management of each of the Pioneer Ibbotson Allocation funds in mid-November. This will involve a name and strategy change, as well.

There’s no word yet on portfolio managers

9/14

PIALX

Pioneer Ibbotson Moderate Allocation Fund

Pioneer Investment Management, Inc. will assume direct responsibility for the day-to-day management of each of the Pioneer Ibbotson Allocation funds in mid-November. This will involve a name and strategy change, as well.

There’s no word yet on portfolio managers

9/14

PMDEX

PMC Diversified Equity

Warren Koontz is no longer listed as a portfolio manager

Arthur Barry remains on the fund, along with the rest of the extensive team

9/14

PMCAX

PNC Mid Cap Fund

Gordon Johnson has announced his intention to retire effective June 30, 2015

Effective October 31, 2014, James Mineman and Peter Roy will become co-lead portfolio managers

9/14

PPCAX

PNC Small Cap Fund

Gordon Johnson has announced his intention to retire effective June 30, 2015

Effective October 31, 2014, James Mineman and Peter Roy will become co-lead portfolio managers

9/14

PCGAX

Prudential Income Builder

William Gross, Matthew Sabel, and Dennis Alff are no longer listed as portfolio managers

QMA, Jennison, Prudential Fixed Income and Prudential Real Estate Investors became the subadvisers to the Fund.

9/14

PEEAX

Prudential Jennison Mid-Cap Growth Fund

No one, but . . .

Jeffrey Rabinowitz will join John Mullman as a portfolio manager for the fund.

9/14

PBQIX

Prudential Jennison Value Fund

David Kiefer and Avi Berg are out

Warren Koontz will be managing the fund

9/14

RSFLX

RS Floating Rate Fund

Marc Gross is no longer co-portfolio manager

Kevin Booth, Paul Gillin, and John Blaney carry on

9/14

GUHYX

RS High Yield Fund

Marc Gross is no longer co-portfolio manager

Kevin Booth and Paul Gillin carry on

9/14

RSIAX

RS Strategic Income Fund

Marc Gross is no longer co-portfolio manager

Kevin Booth, Paul Gillin, and John Blaney carry on

9/14

FMGCX

Rx Dynamic Growth Fund

Chase Weaver is no longer a member of the portfolio management team

Steven Wruble, Greg Rutherford, and D. Jerry Murphey remain

9/14

SVFAX

Smead Value Fund

No one, but . . .

Cole Smead joins William Smead and Tony Scherrer.

RTSRX

State Street/Ramius Managed Futures Strategy Fund (note the new name)

Jill King and Horizon Cash Management are out.

Thomas Connelley, of State Street Global Advisors, joins William Marr and Alexander Rudin on the management team.

9/14

FMJDX

Strategic Advisers International Fund

No one, but . . .

Thompson, Siegel & Walmsley has been added as a fourth subadviser to the fund

9/14

FNAPX

Strategic Advisers Small-Mid Cap Multi-Manager Fund

No one, but . . .

Fisher Investments has been added as the ninth subadviser to the fund

9/14

PRCOX

T. Rowe Price Capital Opportunity Fund

Anna Dopkin, whose done a bang-up job in her seven years with the fund, leaves at New Year’s.

Ann Holcomb, Jason Polun, and Eric Veiel become the new portfolio management team

9/14

TILCX

T. Rowe Price Institutional Large-Cap Value Fund

No one, at the moment, but . . .

Heather McPherson joins Mark Finn, John Linehan, and Brian Rogers on the fund. They’ve also announced that Brian Rogers will step down a bit over a year from now.

9/14

TRISX

T. Rowe Price Institutional U.S. Structured Research

Anna Dopkin, see above.

Ann Holcomb, Jason Polun, and Eric Veiel become the new portfolio management team

9/14

TGMAX

TCW Emerging Markets Multi-Asset Opportunity Fund

No one, but . . .

Ray Prasad joins Penelope Foley and David Robbins.

9/14

TVSVX

Third Avenue Small Cap Value Fund

Curtis Jensen and Charles Page are no longer listed as portfolio managers.  The debate centers on whether to use “purge,” “cleansing” or “rolling coup” to describe the continuing departure of almost all the old guard Third Avenue managers.

Robert Rewey and Tim Bui remain on the fund

9/14

IMNAX

Transamerica Global Equity Fund

Dario Castagna and Dan McNeela are no longer listed as portfolio managers

Jimmy Chang and David Harris are now managing the fund.

9/14

MCGAX

Transamerica Mid Cap Growth Fund

Stephen Bradley, Jr. is no longer listed as a portfolio manager

Howard Aschwald and Timothy Chatard carry on

9/14

WMMRX

Wilmington Multi-Manager Real Asset Fund

No one, but . . .

Parametric Portfolio Associates become a fourth subadviser to the fund with Thomas Seto and David Stein joining the team

9/14

DTLVX

Wilshire Large Company Value Portfolio

Antonio DeSpirito, III no longer serves as portfolio manager

The rest of the team remains.

9/14

Ticker

Fund

Out with the old

In with the new

Dt

ABSAX

American Beacon Small Cap Value Fund

Subadvisor, Opus Capital Group, along with Jonathon Detter, Len Haussler, and Kevin Whelan.

Hillcrest Asset Management is a new subadvisor to the fund. Brian Bruce, Douglas Stark, Brandon Troegle, and Richard Wilk join the rest of the team.

8/14

BEEAX

BlackRock Emerging Markets Allocation Fund

No one, but . . .

David Dali and Gerardo Rodriguez join existing manager, Jeff Shen.

8/14

MRDVX

BlackRock Equity Dividend Fund

No one, but . . .

Tony DeSpirito joins David Cassese, Kathleen Anderson, and Robert Shearer.

8/14

EENAX

Columbia Global Energy and Natural Resource

Colin Moore is no longer listed as a portfolio manager

Josh Kapp and Jonathan Mogil continue on.

8/14

AQEAX

Columbia Large Core Quantitative Fund

No one, but . . .

Peter Albanese joins Brian Condon on the fund.

8/14

COGAX

Columbia Marsico Global Fund

James Gendelman is out as the Marsico empire continues to fold

Thomas Marisco remains as the sole portfolio manager

8/14

HRCVX

Eagle Growth and Income Fund

No one, but . . .

Harald Hvideberg has joined the team of Jeff Vancavage, John Pandtle, Edmund Cowart and David Blount.

8/14

FDRAX

Federated Managed Risk Fund

No one, but . . .

Michael Dieschbourg joins the team since every $5 million fund needs a 7^th manager

8/14

GNVRX

Geneva Advisors All Cap Growth Fund

Richard Sheiner is no longer listed as a portfolio manager

Robert Bridges and John Huber remain.

8/14

GNEIX

Geneva Advisors Equity Income Fund

No one, but . . .

Gordon Scott joins Robert Bridges and John Huber

8/14

GNFRX

Geneva Advisors International Growth Fund

Robert Bridges and John Huber are no longer listed on the fund

Eswar Menon, Matthew Sherer, and Reiner Triltsch join Daniel Delany to manage the fund.

8/14

GNOIX

Geneva Advisors Small Cap Opportunities Fund

Robert Bridges is no longer listed as a portfolio manager on the fund.

Daniel Delany is joined by James Farrell

8/14

HGGIX

Harbor Global Growth Fund

James Gendelman of Marsico Capital is out

Thomas Marisco remains as the sole portfolio manager

8/14

HIAIX

Harford Index HLS Fund

Deane Gyllenhaal

Edward Caputo and Paul Bukowski

8/14

HFBAX

Highland Fixed Income Fund

William Healey and Mark Johnson

John Hakopian and Susan Richard take over

8/14

HTXAX

Highland Tax-Exempt Fund

Michael Caufield

John Hakopian and Susan Richard take over

8/14

WASAX

Ivy Asset Strategy Fund

No one, but . . .

F. Chace Brundige and Cynthia Prince-Fox join Michael Avery on the fund.

8/14

IBNAX

Ivy Balanced Fund

Cynthia Prince-Fox

Matthew Hekman takes over

8/14

IVDAX

Ivy Dividend Opportunities Fund

Cynthia Prince-Fox

Christopher Parker takes over

8/14

IBIAX

Ivy Global Equity Income Fund

John Maxwell is out.

Robert Nightengale remains

8/14

IVBAX

Ivy Global Income Allocation Fund

John Maxwell is out.

W. Jeffrey Surles remains.

8/14

IVINX

Ivy International Growth Fund

F. Chace Brundige

Sarah Ross takes over

8/14

WLTAX

Ivy Limited Term Bond Fund

No one, but . . .

Susan Regan joins Mark Otterstrom on the fund

8/14

IYSAX

Ivy Small Cap Value Fund

Christopher Parker

Kenneth Gau takes over

8/14

IYEAX

Ivy Tax-Managed Equity Fund

Sarah Ross

Bradley Klapmeyer takes over

8/14

JCAAX

Janus Global Allocation Fund – Conservative

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JGCAX

Janus Global Allocation Fund – Growth

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JMOAX

Janus Global Allocation Fund – Moderate

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JUEAX

JPMorgan U.S. Equity Fund

Aryeh Glatter and Giri Devulapally are no longer listed as portfolio managers

Thomas Luddy, Susan Bao, Helge Skibeli, and Scott Davis remain.

8/14

SWMIX

Laudus International MarketMasters Fund

Indraneel Das from American Century is out

The rest of the extensive team remains.

8/14

LSCAX

Loomis Sayles Capital Income Fund

Warren Koontz is no longer a portfolio manager

Daniel Fuss and Arthur Barry remain as co-portfolio managers

8/14

LSVRX

Loomis Sayles Value Fund

Warren Koontz is no longer a portfolio manager

Arthur Barry continues to run the fund

8/14

LBNDX

Lord Abbett Bond Debenture Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Steven Rocco will join Robert Lee in managing the fund.

8/14

BELAX

Modern Technology Fund

Keith Pagan lasted less than a year, as did his predecessor

Marc Lewis gets the job of reconciling the prospectus (“we buy tech stocks”) with the portfolio (“we buy S&P500 futures and options”)

8/14

TMFEX

Motley Fool Epic Voyage Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

TMFGX

Motley Fool Great America Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

FOOLX

Motley Fool Independence Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

NLDAX

Neuberger Berman Large Cap Disciplined Growth Fund

Daniel Rosenblatt is no longer listed as a portfolio manager.

John Barker carries on as the sole manager.

8/14

BBALX

Northern Global Tactical Asset Allocation Fund

Peter Flood is no longer listed as a portfolio manager.

James McDonald joins Daniel Phillips and Robert Browne in running the fund

8/14

NTMAX

Nuveen Tactical Market Opportunities Fund

Walter French has announced his retirement from Nuveen Asset Management at the end of September.

David Friar, Keith Hembre, and Derek Bloom will continue to serve as portfolio managers on the fund.

8/14

OWLSX

Old Westbury Large Cap Strategies Fund

Oldfield Partners and Mr. Richard Oldfield are out.

The rest of the team remains.

8/14

PLVVX

PIMCO EMG International Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PTSOX

PIMCO International Fundamental IndexPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PLVBX

PIMCO International Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PIPAX

PIMCO International StocksPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PXLVX

PIMCO Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PCFAX

PIMCO Small Company Fundamental IndexPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PWWAX

PIMCO Worldwide Fundamental Advantage AR Strategy

Scott Mather

William H. Gross. Yes, that Bill Gross.

8/14

CEFFX

PSP Multi-Manager Fund (formerly known as the Congressional Effect Fund)

No one, but . . .

The fund adds several subadvisors, including RiverPark, and eight new managers, as part of a strategy and name change.

8/14

LDIFX

QS Batterymarch Managed Volatility Global Dividend Fund

Jeremy Wee is no longer listed as a portfolio manager.

Joseph Giroux and Stephen Lanzendorf remain.

8/14

LDICX

QS Batterymarch Managed Volatility International Dividend Fund

Jeremy Wee is no longer listed as a portfolio manager.

Joseph Giroux and Stephen Lanzendorf remain.

8/14

FMDNX

Rx Dividend Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMGCX

Rx Dynamic Growth

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMTCX

Rx Dynamic Total Return Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMHIX

Rx High Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMNTX

Rx Non Traditional Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMAPX

Rx Premier Managers Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMLAX

Rx Tactical Rotation Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMERX

Rx Tax Advantaged Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMTSX

Rx Traditional Equity Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMFSX

Rx Traditional Fixed Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

SAFAX

Seeyond Multi-Asset Allocation Fund

No one, but . . .

Jonathan Birtwell joins the team.

8/14

FOBAX

Tributary Balanced Fund

No one, but . . .

Ronald Horner will be added as a portfolio manager .  David Jordan and Charles Lauber comanaged the fund from 2006-2010.  Jordan returned in 2013 and left again in August 2014.  Lauber then replaced Jordan and is now partnered with Horner.  It’s remained a very, very solid fund throughout.

8/14

FOGRX

Tributary Growth Opportunities Fund

No one, but . . .

Charles Lauber has been comanaging the fund since 2006.  His long-time partner David Jordan left in August and Kurt Spieler will be added as a portfolio co-manager.

8/14

USFSX

USFS Funds Tactical Asset Allocation Fund

Robert Cummisford is no longer listed as a portfolio manager.

Tommy Huie carries on.

8/14

VQNPX

Vanguard Growth & Income Fund

No one, but . . .

Philip Kearns joins Anne Dinning, Hal Reynolds, Thomas Stevens, James Troyer, James Stetler and Michael Roach on the management team.

8/14

VIAFX

Victory International Fund

Matthias Knerr and Chris La Jaunie

Elie Masri

8/14

IMCVX

Voya Multi-Manager Mid Cap Value Fund

No one, but . . .

Greg Sleight and Guy Lakonishok were added to the team.

8/14

UNASX

Waddell & Reed Asset Strategy Fund

No one, but . . .

F. Chace Brundige and Cynthia Prince-Fox join Michael Avery on the fund.

8/14

UNCIX

Waddell & Reed Continental Income Fund

Cynthia Prince-Fox

Matthew Hekman takes over

8/14

WDVAX

Waddell & Reed Dividend Opportunities Fund

Cynthia Prince-Fox

Christopher Parker takes over

8/14

UNCGX

Waddell & Reed International Growth Fund

F. Chace Brundige

Sarah Ross takes over

8/14

WTEAX

Waddell & Reed Tax-Managed Equity Fund

Sarah Ross

Bradley Klapmeyer takes over

8/14

WMMRX

Wilmington Multi-Manager Real Asset Fund

HSBC Global Asset Management and Ell Realty Securities are no longer subadvisors to the fund. Julien Renoncourt, Peter Nieuwland, Alfred Otero, James Rehlaender, and Suang Eng Tsan are no longer listed as portfolio managers.

The remaining managers are George Chen, Steven Burton, T. Ritson Ferguson, Joseph Smith, Mihir Worah, Thomas Pierce, Todd Murphy, and Rahul Seksaria.

8/14

Ticker

Fund

Out with the old

In with the new

Dt

BJBHX

Aberdeen Global High Income Fund

No one, but . . .

Lynn Chen joins Donald Quigley as a portofolio manager.

7/14

BJBGX

Aberdeen Total Return Bond Fund

No one, but . . .

Lynn Chen joins Donald Quigley as a portofolio manager.

7/14

ABYSX

AllianceBernstein Discovery Value Fund

No one, but . . .

Shri Singhvi joins James MacGregor and Joseph Paul on the fund.

7/14

CABNX

AllianceBernstein Global Risk Allocation Fund

Ashwin Alankar is out

Michael DePalma and Leon Zhu remain.

7/14

FXDAX

Altegris Fixed Income Long Short Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Matthew Osborne, Kevin Schweitzer, Anilesh Ahuja, James Nimberg, and Eric Bundonis remain.

7/14

EVOAX

Altegris Futures Evolution Strategy Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Eric Bundonis joins Matthew Osborne and Jeffrey Gundlach in managing the fund.

7/14

MFTAX

Altegris Managed Futures Strategy Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Ryan Hart has joined Matthew Osborne and John Tobin in managing the fund.

7/14

MULAX

Altegris Multi-Strategy Alternative Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Matthew Osborne remains as the sole portfolio manager.

7/14

CHASX

Chase Growth Fund

Edward Painvin will no longer serve as portfolio manager

Brian Lazorishak will become the primary porfolio manager.

7/14

CHAMX

Chase Mid-Cap Growth Fund

Edward Painvin will no longer serve as portfolio manager

Brian Lazorishak will become the primary porfolio manager.

7/14

CAALX

Cornerstone Advisors Public Alternatives Fund

Turner Investments is no longer a subadvisor to the fund.

The remainder of the extensive team remains.

7/14

CRMAX

CRM Small/Mid Cap Value Fund

No one, but . . .

Brittain Ezzes joins Jay Abramson and Jonathan Ruch as a portfolio manager.

7/14

CRMGX

CRM Small/Mid Cap Value Fund

No one, but . . .

Madeleine Morris joins Jay Abramson and Robert Maina as a portfolio manager.

7/14

SLANX

DWS Latin America Equity Fund

Thomas Petschnigg is out

Marcelo Pinheiro joins Danilo Pereira and Luiz Ribeiro on the management team.

7/14

ELGBX

Elfun International Equity Fund

Jonathan Passmore will be retiring on November 30th.

Upon his retirement, Ralph Layman and Michael Solecki, current comanagers, will continue managing the fund.

7/14

FCNAX

Fidelity Advisor Consumer Discretionary

Gordon Scott is no longer on the fund

Peter Dixon is in.

7/14

FEDAX

Fidelity Advisor Emerging Markets Discovery Fund

Ashish Swarup is no longer listed on the fund.

A new team, consisting of Doug Chow, Timothy Gannon, Jim Hayes, Per Johansson, Greg Lee, and Sam Polyak takes over the fund

7/14

FMAMX

Fidelity Advisor Stock Selector All Cap Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

7/14

FEXPX

Fidelity Export and Multinational Fund

Heather Carrillo is out

Gordon Scott takes over as portfolio manager

7/14

FSCPX

Fidelity Select Portfolios Consumer Discretionary Sector

Gordon Scott is no longer on the fund

Peter Dixon is in.

7/14

FSRPX

Fidelity Select Portfolios Retailing Sector

No one, but . . .

Deena Friedman joins Peter Dixon as a comanager on the fund.

7/14

FSCSX

Fidelity Select Portfolios Software and Computer Services Sector

No one, but . . .

Ali Khan joins Brian Lempel as a comanager of the fund.

7/14

FBMAX

Fidelity Series Broad Market Opportunities Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

7/14

FTIEX

Fidelity Total International Equity Fund

Ashish Swarup is no longer listed on the fund.

Sammy Simnegar joins Jed Weiss and Alexander Zavratsky

7/14

GHRAX

Goldman Sachs Multi-Asset Real Return Fund

Samantha Davidson is out.

Raymond Chan and Christopher Lvoff continue on.

7/14

HIINX

Harbor International Fund

Edward Wendell, Jr. stepped down from the fund and will retire at the end of the year.

Howard Appleby, Jean-Francois Ducrest, and James LaTorre remain on the fund.

7/14

TGRAX

Invesco Pacific Growth Fund

Kunihiko Sugio will no longer serve as a portfolio manager of the fund

Paul Chan and Daiji Ozawa will continue on.

7/14

WHIAX

Ivy High Income Fund

William Nelson has been fired from Waddell and Reed, advisor to the fund, and is no longer the portfolio manager.

Chad Gunther becomes the new portfolio manager.

7/14

JISVX

John Hancock Funds II Small Company Value

Preston Athey no longer serves as portfolio manager

J. David Wagner is the new portfolio manager

7/14

JHUAX

John Hancock Funds II U.S. Equity Fund

No one, but . . .

Ben Inker and Sam Wilderman join Thomas Hancock and David Cowan on the portfolio management team.

7/14

GOIGX

John Hancock International Growth Fund

David Cowan is no longer listed as a portfolio manager

John Boselli joins the fund as sole portfolio manager.

7/14

JINRX

John Hancock Natural Resources 1

Jay Bhutani and John O’Toole are the most recent managers to be off the fund, along with Wellington Management.

Neil Brown and John “Jay” Saunders take over as Jennison Associates becomes subadvisor to the fund.

7/14

LACFX

Lord Abbett Convertible Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Alan Kurtz will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

LFRAX

Lord Abbett Floating Rate Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Jeffrey Lapin will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

LDFVX

Lord Abbett Fundamental Equity Fund

Deepak Khanna is no longer listed as a portfolio manager

Sean Aurigemma carries on.

7/14

LHYAX

Lord Abbett High Yield Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Stephen Rocco will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

ICAUX

MainStay ICAP Equity Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICGLX

MainStay ICAP Global Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICEVX

MainStay ICAP International Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICSRX

MainStay ICAP Select Equity Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

MAPAX

MainStay MAP Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the team, joined by Andrew Starr and Matthew Swanson. The remainder of the team remains.

7/14

OPSIX

Oppenheimer Global Strategic Income Fund

Arthur Steinmetz will no longer serve as a portfolio manager effective Sept 30.

Michael Mata will join the team as lead portfolio manager. Krishna Memani, Sara Zervos, and Jack Brown will remain portfolio managers of the fund.

7/14

BNAAX

UBS Dynamic Alpha Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Curt Custard, Jonathan Davies, and Andreas Koester remain on the team.

7/14

BNGLX

UBS Global Allocation Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Curt Custard, Jonathan Davies, and Andreas Koester remain on the team.

7/14

MAIAX

UBS Multi-Asset Income Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Iain Barnes, Curt Custard, and Andreas Koester remain on the team.

7/14

BMNAX

UBS Equity Long-Short Multi-Strategy Fund

Scott Bondurant no longer serves as a portfolio manager of the fund

John Leonard, Ian Paczek, and Ian McIntosh remain on the fund.

7/14

Ticker

Fund

Out with the old

In with the new

Dt

ABYSX

AllianceBernstein Discovery Value Fund

Andrew Weiner, by all accounts a good and well-liked person, who passed away at 45

Joseph Paul and James MacGregor remain on the fund

6/14

ABAGX

AllianceBernstein Global Value

Sharon Fay leaves the fund and her CIO of global value role, but remains with the firm

Kevin Simms remains on the fund and assumes the CIO of global value role. Comanagers Avi Lavi and Takeo Aso also remain.

6/14

ABIAX

AllianceBernstein International Value

Sharon Fay leaves the fund and her CIO of global value role, but remains with the firm

Kevin Simms remains on the fund and assumes the CIO of global value role. Comanagers Avi Lavi and Takeo Aso also remain.

6/14

AEPGX

American Funds EuroPacific Growth Fund

Rob Lovelace is no longer a comanager

Lawrence Kymisis joins the rest of the long-tenured team.

6/14

APPLX

Appleseed Fund

Ronald Strauss and Rick Singer have retired

Adam Strauss, Joshua Strauss, and Bill Pekin will carry on.

6/14

BVEFX

Becker Value Equity Fund

Robert Schaeffer has retired

Patrick Becker, Stephen Laveson, Michael McGarr, Marian Kessler, and Andy Murray remain

6/14

BCSAX

BlackRock Commodity Strategy Fund

No one, but . . .

Ricardo Fernandez joins the team of Robin Batchelor, Evy Hambro, Poppy Allonby, Catherine Raw, and Rob Shimell

6/14

CVSIX

Calamos Market Neutral Income Fund

Christopher Hartman is out

Eli Pars joins the team of John Calamos, Sr., Gary Black, Jason Hill, and Brendan Maher.

6/14

DVFAX

Cohen and Steers Dividend Value Fund

No one, but . . .

Christopher Rhine, Anatoliy Cherevach, and Jamelah Leddy join Richard Helm

6/14

NMIAX

Columbia Large Cap Enhanced Core Fund

Oliver Buckley will be retiring as of July 18th

Brian Condon will carry on

6/14

AQEAX

Columbia Large Core Quantitative Fund

Oliver Buckley will be retiring as of July 18th

Brian Condon will carry on

6/14

RDLAX

Columbia Large Growth Quantitative Fund

Oliver Buckley will be retiring as of July 18th

Brian Condon will carry on

6/14

RLCAX

Columbia Large Value Quantitative Fund

Oliver Buckley will be retiring as of July 18th

Brian Condon will carry on

6/14

FUTEX

Discretionary Managed Futures Strategy Fund

No one, but . . .

Stephen Luongo joined the team of Brian Borneman, Robert Johnson, John Milne, Robert Vear, and Deborah Wingerson

6/14

VSFAX

Federated Clover Small Value Fund

No one, but . . .

Martin Jarzebowski joins Lawrence Creatura and Stephen Gutch

6/14

FINWX

Fidelity Advisor International Bond Fund

Matthew Conti

Michael Foggin and Constantin Petrov join Curt Hollingsworth in running the fund

6/14

FPPFX

FPA Perennial Fund

Steven Geist has retired after 15 years

Eric Ende, Geist’s partner since the fund’s inception, and Gregory Herr

6/14

FEMDX

Franklin Templeton Emerging Market Debt Opportunities Fund

Claire Husson-Citanna is out

Nicholas Hardingham joins William Ledward in running the fund

6/14

PGEOX

George Putnam Balanced Fund

David Calabro is off the fund

Aaron Cooper and Kevin Murphy are now the portfolio managers

6/14

GTEAX

Gottex Endowment Strategy Fund

William Landes is out

Michael Azlen and Kevin Maloney

6/14

HLEAX

Hartford Global Equity Income Fund

Mark Mandel and Cheryl Duckworth

Ian Link, W. Michael Reckmeyer, and John Ryan are in.

6/14

HRAAX

Hartford Growth Allocation Fund

Wendy Crowell and Richard Meagher

Vernon Meyer

6/14

LCEAX

Invesco Diversified Dividend Fund

Jonathan Harrington is out

Meggan Walsh, Robert Botard, and Kristina Bradshaw remail

6/14

PZFVX

John Hancock Classic Value Fund

Antonio DeSpirito III resigned as a vice president at Pzena and, in consequence, is off the fund.  Perhaps he was DeSpirited away?

Richard Pzena, John Goetz, and Benjamin Silver

6/14

JCOAX

John Hancock Greater China Opportunities Fund

Oscar Kin Fai Leung is no longer a portfolio manager

Ronald Chan and Kai Kong Chay will remain on the fund.

6/14

LMEMX

Legg Mason Batterymarch Emerging Markets Fund

David Lazenby

Russell Shtern

6/14

SBSPX

Legg Mason Batterymarch S&P 500 Index

Austin Kairnes and Stephen Lanzendorf

Russell Shtern and Robert Wang

6/14

SBFAX

Legg Mason Investment Counsel Financial Services Fund

Amy LaGuardia is out

Christopher Perry and Lee Robertson will take over the fund

6/14

MNILX

Litman Gregory Masters International Fund

Edward Wendell and Amit Wadhwaney are out; nominally Mr. Wadhwaney of Third Avenue is retired but folks who know him are skeptical of how long that will last.

The rest of the team remains on the fund.

6/14

MHCAX

MainStay High Yield Corporate Bond Fund

J. Matthew Philo is no longer on the fund

Andrew Susser continues on

6/14

MDHAX

MainStay Short Duration High Yield Fund

J. Matthew Philo is no longer on the fund

Andrew Susser continues on

6/14

OWSOX

Old Westbury Strategic Opportunities Fund

There’s been a change in the management of the portion of the fund overseen by BlackRock Financial Management. John Vibert and Akiva Dickstein are out.

Ibrahim Incoglu and Randy Robertson are in. The rest of the team remains.

6/14

OMOAX

Orinda SkyView Macro Opportunities Fund

Orinda is resigning as investment advisor to the fund, but intends to stay deeply involved in running the fund.

Upon shareholder approval, Vivaldi Asset Management will take over as investment advisor to the fund.

6/14

OHEAX

Orinda SkyView Mulit-Manager Hedged Equity Fund

Orinda is resigning as investment advisor to the fund, but intends to stay deeply involved in running the fund.

Upon shareholder approval, Vivaldi Asset Management will take over as investment advisor to the fund.

6/14

EITEX

Parametric Tax-Managed Emerging Markets Fund

No one, but . . .

Timothy Atwell joins Thomas Seto and David Stein as a comanger on the fund.

6/14

ETIGX

Parametric Tax-Managed International Equity Fund

No one, but . . .

Paul Bouchey joins Thomas Seto and David Stein as a comanger on the fund.

6/14

PARSX

Parnassus Small-Cap

Jerome Dodson, Parnassus’ founder and father of Bretton Fund’s  Stephen Dodson

Ryan Wilsey will continue as the sole manager

6/14

PCGRX

Pioneer Mid-Cap Value Fund

Timothy Horan

Edward Shadek, Jr. remains as the sole portfolio manager

6/14

CMNWX

Principal Capital Appreciation Fund

Sarah Radecki is out.

Philip Foreman and Daniel Coleman remain on the fund.

6/14

PFAFX

Principal International I

James Fennessey and Randy Welch are out

John Birkhold, Chris Carter, Nigel Dutson, Tarlock Randhawa and Nerys Weir are in

6/14

PGJAX

Prudential Jennison Global Infrastructure Fund

No one, but . . .

Brannon Cook will join Shaun Hong and Ubong Edemeka as a portfolio manager for the fund.

6/14

PZVLX

Pzena Long/Short Value Fund

Antonio DeSpirito III is off the fund

Manoj Tandon joins TVR Murti and Eli Rabinowich as a portfolio manager

6/14

FUSOX

Strategic Advisers U.S. Opportunity Fund

Robert Vick is retiring and the four star, five billion dollar fund is being liquidated

Brian Enyeart and John Stone will serve as co-portfolio managers and oversee the liquidation of the fund.

6/14

PRFDX

T. Rowe Price Equity Income Fund

CIO and wise man Brian Rogers will step down at the end of October 2015

In a long transition plan, John Linehan will take over the fund upon Mr. Rogers retirement.

6/14

TRGRX

T. Rowe Price Global Real Estate Fund

David Lee will be leaving April 1, 2015

Nina Jones will be taking over as portfolio manager

6/14

PAGEX

T. Rowe Price Global Real Estate Fund – Advisor Class

David Lee will be leaving April 1, 2015

Nina Jones will be taking over as portfolio manager

6/14

TVSVX

Third Avenue Small-Cap Fund

No one, but . . .

Robert Rewey, III, joins Charles Page, Tim Bui, and Curtis Jensen as a portfolio manager

6/14

TVFVX

Third Avenue Value Fund

Ian Lapey is no longer listed as a portfolio manager

Robert Rewey, III, joins Yang Lie, Michael Lehmann and Victor Cunningham as a portfolio manager

6/14

TPSAX

Thrivent Partner Small Cap Growth

Peter Niedland and Jason Schrotberger

Matthew Finn and David Lettenberger

6/14

TSPCX

Turner Spectrum Fund

Joshua Kohn is gone

The rest of the team remains on the fund.

6/14

USGRX

USAA Growth and Income Fund

Wellington Management is out as a subadvisor, along with Francis Boggan and Mathew Megargel, who is retiring.

The rest of the team remains on the fund.

6/14

VALLX

Value Line Larger Companies

Stephen Grant is off the fund

Cindy Starke becomes the new portfolio manager

6/14

VEXPX

Vanguard Explorer

No one, but . . .

Arrowpoint has been added as the eighth subadvisor, with Chad Mead and Brian Schaub handling that portion of the portfolio

6/14

VPGDX

Vanguard Managed Payout Fund

No one, but …

John Ameriks has joined Michael Buek as a comanager for the fund

6/14

VWNDX

Vanguard Windsor Fund

Antonio DeSpirito III is off the fund

James Nordy, John Goetz, and Richard Pzena remain.

6/14

NTKLX

Voya Multi-Manager International Small Cap Fund

Patrick McCafferty is no longer a portfolio manager for the fund.

Simon Thomas, Daniel Maguire, Brian Wolahan, Constantine Papageorgiou, and John Chisholm remain

6/14

LWEAX

Western Asset Emerging Markets Debt Fund

Keith Gardner will be stepping down April 30, 2015

Chia-Liang Lian will join the team now, and take charge of emerging markets debt upon Mr. Gardner’s departure. The rest of the team of S. Kenneth Leech, Gordon Brown, and Robert Abad will remain.

6/14

WRAAX

Wilmington Multi-Manager Alternatives Fund

Coleman Kennedy is out.

The rest of the team remains, for now.

6/14

Ticker

Fund

Out with the old

In with the new

Dt

CLACX

AdvisorOne Select Appreciation Fund

Matthew Santini

Grant Engelbart

5/14

CLSHX

AdvisorOne Shelter Fund

Stephen Donahoe

Scott Kubie, who previously managed the fund from 2009 to 2011, returns.

5/14

AAPAX

American Beacon Retirement Income and Appreciation Fund

Jeff Scudieri is out

The rest of the team remains on the fund.

5/14

AIVOX

American Century International Opportunities Fund

Indraneel Das is out

Mark Kopinski and Trevor Gurwich remain

5/14

MMCIX

BNY Mellon Small/Mid Cap Multi-Strategy Fund, formerly the BNY Mellon Small/Mid Cap Fund

As part of the name and strategy change, John Truschel is out.

The team of David Daglio, James Boyd, Stephanie Brandaleone, Joseph Corrado, Dale Dutile, Bernard Schoenfeld, Todd Wakefield, Edward Walter, and Robert Zeuthen, is in

5/14

CLTAX

Catalyst/Lyons Tactical Allocation

Michael Schoonover

Louis Stevens resumes the lead.

5/14

CASAX

Columbia Pacific/Asia Fund

No one, but . . .

Christine Seng joins Daisuki Nomoto and Jasmine Huang

5/14

DMVAX

Dreyfus Select Managers Small Cap Value Fund

No one, but . . .

Channing Capital Management has been added as a subadvisor, with Wendell Mackey joining the management team.

5/14

KTRAX

DWS Global Income Builder Fund

Benjamin Price is out

The rest of the team remains on the fund.

5/14

SEMGX

DWS Investments

Juergen Foerster and Johannes Prix are out

Sean Taylor and Andrew Beal take over

5/14

EAFVX

Eaton Vance Focused Value Opportunities Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin on June 30.

5/14

EHSTX

Eaton Vance Large-Cap Value Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, lead portfolio manager Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin, who will become lead portfolio manager, on June 30.

5/14

EATVX

Eaton Vance Tax-Managed Value Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, lead portfolio manager Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin, who will become lead portfolio manager, on June 30.

5/14

FDASX

Fidelity Advisor Global Strategies Fund

Andrew Dierdorf and Jurrien Timmer are gone

Christopher Sharpe and Ruben Calderon are the new managers.

5/14

FDYSX

Fidelity Global Strategies Fund

Andrew Dierdorf and Jurrien Timmer are gone from a fund that the Observer has been deeply skeptical of

Christopher Sharpe and Ruben Calderon are the new managers, which doesn’t really abate the doubts.

5/14

FENRX

Forward Endurance Long/Short Fund

David Readerman will no longer be involved in the day-to-day management of the fund

Jim O’Donnell will carry on as the sole portfolio manager

5/14

FFSCX

Forward Small Cap Equity Fund

David Readerman will no longer be involved in the day-to-day management of the fund

Jim O’Donnell will carry on as the sole portfolio manager

5/14

HKMNX

HAGIN Keystone Market Neutral Fund

Nathan Lee will no longer serve as a portfolio manager

The remainder of the team, Robert Morris, Patrick Morris, and Kyle Cox, carries on.

5/14

HIACX

Hartford Capital Appreciation HLS Fund

Paul Marrkand leaves the team

Philip Ruedi joins the team

5/14

HLEAX

Hartford Global Research Fund

Cheryl Duckworth and Mark Mandel are no longer portfolio managers

Ian Link, W. Michael Reckmeyer, and John Ryan are in.

5/14

HSCSX

Homestead Small Company Stock Fund

No one right now, but Peter Morris and Stuart Teach will be retiring sometime next year.

Prabha Carpenter moves up from Senior Equity Analyst to become a comanager on the fund. She joins the team of Mark Ashton, Peter Morris, and Stuart Teach as they prepare for the retirements.

5/14

HOVLX

Homestead Value Fund

No one right now, but Peter Morris and Stuart Teach will be retiring sometime next year.

Prabha Carpenter moves up from Senior Equity Analyst to become a comanager on the fund. She joins the team of Mark Ashton, Peter Morris, and Stuart Teach as they prepare for the retirements.

5/14

IAOPX

Invesco Global Opportunities

No one, but . . .

Andrew Hall joins Stephen Anness

5/14

WASAX

Ivy Asset Strategy Fund

Ryan Caldwell will be leaving the fund

Michael Avery will carry on.

5/14

JEIAX

JPMorgan Global Equity Income Fund

Georgina Maxwell and Jeroen Huysinga are off this fund.

Gerd Woort-Menker and James Davidson carry on.

5/14

JIOAX

JPMorgan International Opportunities Fund

No one, but . . .

Georgina Maxwell joins Jeroen Huysinga.

5/14

JLTAX

JPMorgan Latin America

Sebastian Luparia is no longer a portfolio manager.

Luis Carrillo and Sophie Bosch de Hood remain

5/14

NWFAX

Nationwide Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NWGHX

Nationwide HighMark Large Cap Core Equity Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NWGLX

Nationwide HighMark Large Cap Growth Fund

George Rokas is out

Derek Izuel and Kenneth Wemer remain

5/14

NWGPX

Nationwide HighMark Small Cap Core Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NTBAX

Navigator Tactical Fixed Income Fund

No one, but . . .

Robert Bennett has joined K. Sean Clark, David Rights, and Mason Wev as a portfolio manager

5/14

NCGFX

New Covenant Growth Fund

Baillie Gifford is out as a subadvisor along with their six portfolio managers.

Four subadvisors and ten portfolio managers remain

5/14

ISACX

Nuveen International Select Fund

Subadvisors Altrisnic Global Advisors and Lazard Asset Management, are out at the end of June.

Nuveen Asset Management remains the sole subadvisor with Tracy Stouffer as the sole portfolio manager.

5/14

SLATX

Strategic Latin America Fund

Heiner Skaliks

Mauricio Alvarez

5/14

HRAAX

The Hartford Growth Allocation Fund

Wellington Management is out as a subadvisor, along with Saul Pannell and Nicolas Choumenkovitch

Management moves in-house with Vernon Meyer taking the lead

5/14

DIEGX

Transamerica Partners Institutional Large Growth

Paul Marrkand leaves the team

Mammen Chally joins Blair Boyer, Michael Del Balso, and Spiros Segalas

5/14

DVEGX

Transamerica Partners Large Growth

Paul Marrkand leaves the team

Mammen Chally joins Blair Boyer, Michael Del Balso, and Spiros Segalas

5/14

VCSOX

VALIC Company I Global Social Awareness Fund

Michael Kelly, Sheedsa Ali, and Kate Faraday

Timothy Campion, Kara Murphy, and Andrew Sheridan

5/14

VCIEX

VALIC Company I International Equities Fund

Michael Kelly, Sheedsa Ali, and Kate Faraday

Timothy Campion, Kara Murphy, and Andrew Sheridan

5/14

CMCAX

Van Eck CM Commodity Index Fund

Michail Mazier

Gregory Krenser and Roland Morris

5/14

VAIAX

Virtus Alternative Income Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

VSAIX

Virtus Alternative Inflation Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

VATAX

Virtus Alternative Total Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

IAGEX

Voya Global Equity Dividend Fund

No one, but . . .

Kris Hermie joins Herman Klein, Nicolas Simar, and Bruno Springael

5/14

UNASX

Waddell & Reed Advisors Asset Strategy Fund

Ryan Caldwell will be leaving the fund

Michael Avery will carry on.

5/14

NVDAX

Wells Fargo Advantage Diversified Equity Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer and Erik Sens

5/14

EMGAX

Wells Fargo Advantage Emerging Markets Equity Fund

No one, but . . .

Richard Peck joins Yi Zhang and Derrick Irwin in managing the fund

5/14

WFGBX

Wells Fargo Advantage Growth Balanced Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer, Erik Sens, Kandarp Achara, and Christian Chan.

5/14

WFMAX

Wells Fargo Advantage Moderate Balanced Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer, Erik Sens, Kandarp Achara, and Christian Chan.

5/14

AMCRX

Wilmington Mid Cap Growth Fund

No one, but . . .

Jeff Schollaert joined Mark Schultz

5/14

WRAAX

Wilmington Multi-Manager Alternatives Fund

Greg Silberman is no longer a portfolio multi- manager

Todd Murphy joins the team.

5/14

GVIEX

Wilmington Multi-Manager International Fund

Baring International is out as a subadvisor along with portfolio managers Tom Mann, David Bertocchi and Jonathan Greenhill

JO Hambro Capital Management joins the team as a new subadvisor with portfolio managers Christopher Lees and Nudgem Richyal. The rest of the team remains.

5/14

WMMRX

Wilmington Multi-Manager Real Asset Fund

Greg Silberman is no longer a portfolio manager

The rest of the team remains on the fund.

5/14

WAAAX

Wilmington Strategic Allocation Aggressive Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

WCAAX

Wilmington Strategic Allocation Conservative Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

ARBAX

Wilmington Strategic Allocation Moderate Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

Ticker

Fund

Out with the old

In with the new

Dt

FXDAX

Altegris Fixed Income Long Short Fund

No one, but . . .

Eric Bundonis joins Jon Sundt, Matthew Osborne, Allen Cheng, Kevin Schweitzer, and Anilesh Ahuja

3/14

DWAFX

Arrow DWA Balanced Fund

Michael Moody is gone

Harold Parker and John Lewis remain on the fund

3/14

DWTFX

Arrow DWA Tactical Fund

Michael Moody is gone

Harold Parker and John Lewis remain on the fund

3/14

DSFAX

ASG Diversifying Strategies Fund

Jeremiah Chafkin is out.

Andrew Lo and Robert Rickard remain as comanagers

3/14

GAFAX

ASG Global Alternatives Fund

Jeremiah Chafkin is out.

Andrew Lo and Robert Rickard remain as comanagers

3/14

AMFAX

ASG Managed Futures Strategy Fund

Jeremiah Chafkin is out.

Andrew Lo and Robert Rickard remain as comanagers

3/14

BHYAX

BlackRock High Yield Bond

Charlie McCarthy

James Keenan, Mitchell Garfin, David Delbos, Derek Schoenhofen, Thomas Musmanno, Scott MacLellan, Rick Rieder and Bob Miller are the funds’ portfolio managers

3/14

CNIAX

City National Rochdale Multi-Asset Fund

Otis “Tres” Heald left at the end of February.

Thomas Gavin and Fang Zhou join William Miller, Jr. and Bruce Simon

3/14

CEFFX

Congressional Effect Fund

Eric Singer is off the fund, which is to say the Congressional Effect team has been removed from the Congressional Effect fund

Sean McCooey, of Pulteney Street Capital Management, is now the portfolio manager.

3/14

LCMAX

Driehaus Active Income Fund

Mirsada Durakovic is no longer an assistant portfolio manager

Adam Abbas joins K.C. Nelson and Elizabeth Cassidy

3/14

DRSLX

Driehaus Select Credit Fund

Mirsada Durakovic is no longer an assistant portfolio manager

Adam Abbas joins K.C. Nelson and Elizabeth Cassidy

3/14

SCINX

DWS International

Juergen Foerster, Johannes Prix, and Thomas Voecking are out

Di Kumble takes over

3/14

FKASX

Federated Kaufmann Small Cap Fund

Aash Shah

The rest of the team remains on the fund.

3/14

FIXMX

Fidelity International Small Cap

Nick Price, Dale Nicholls, and Colin Stone

Sam Chamovitz

3/14

FJPNX

Fidelity Japan

Rie Shigekawa

Kirk Neureiter

3/14

FJSCX

Fidelity Japan Smaller Companies

Nick Price is out, capping a quarter in which Fidelity changed management at six global stock or bond funds

David Jenkins

3/14

AITIX

Forward Investment Grade Fixed-Income Fund

Chris Dialynas, who is “on sabbatical” from the PIMCO version of this fund but apparently out here.

Mohit Mittal will take over.

3/14

FNGAX

Franklin International Growth Fund

No one, but . . .

Donald Huber joins Coleen Barbeau and M. Par Rostom

3/14

ICRAX

ICON Consumer Staples Fund

Robert Straus is out

Mick Kuehn takes over

3/14

IOCAX

ICON Risk-Managed Balanced Fund

Robert Straus is out

Donovan Paul joins Zach Jonson

3/14

ICTUX

ICON Utilities

Robert Straus is out

Derek Rollingson is in

3/14

AAGIX

ING Core Equity

No one, but . . .

Vincent Costa will join Michael Pytosh.

3/14

IACLX

ING Corporate Leaders 100 Fund

No one, but . . .

Steve Wetter and Kai Kee Wong join Vincent Costa.

3/14

ITYAX

Invesco Technology Fund

Brian Nelson and Warren Tennant are out.

Erik Voss and Janet Luby take over.

3/14

JGYAX

John Hancock Global Shareholder Yield Fund

No one, but . . .

John Tobin and Kera Van Valen join William Priest, Eric Sappenfield, and Michael Welhoelter as portfolio managers.

3/14

ONIAX

JPMorgan Core Plus Bond Fund

Duane Huff is gone

J. Andrew Norelli joins the team of Steven Lear, Mark Jackson, Frederick Sabetta, and Richard Figuly

3/14

MSSAX

MassMutual Premier Main Street Fund

No one, but . . .

Paul Larson joins Manind Govil and Benjamin Ram

3/14

MTGAX

Morgan Stanley Mortgage Securities

Sheila Huang is gone.

Michael Kushma and Neil Stone take over the fund

3/14

NMFAX

Nationwide Growth Fund

Christopher Baggini, and subadviser Turner Investments

David Hanna, Edward Mulrane, Douglas Riley, and Michael Vogelzang, and subadviser Boston Advisors, LLC.

3/14

NEFOX

Natixis Oakmark Fund

Diane Mustain, Edward Loeb, and Michael Mangan are out as the fund transitions from being Harris Associates Large Cap Value Fund

Kevin Grant, M. Colin Hudson, and William Nygren take over, which is nice, but NEFOX is vastly more expensive than the original OAKMX

3/14

NABAX

Neuberger Berman Absolute Return Multi-Manager Fund

Turner Investments is out as a subadviser

The rest of the team remains on the fund.

3/14

TRFAX

Patriot Fund

Todd Smurl will no longer protect us from investment exposure to Cuba, Iran, Sudan and Syria

James Lee.  Oddly, both the outgoing and incoming managers are listed as president of Ascendant Advisors.

3/14

PGBAX

Principal Global Diversified Income Fund

No one, but . . .

Kelly Grossman is joined by Jake Anonson, Jessica Bush, Marcus Dummer, James Fennessey, and Benjamin Rotenberg

3/14

PJRAX

Prudential International Equity Fund

Andrew Goldberg is out.

Jacob Pozharny, John Van Belle, Wen Jin, and Ping Wang will continue to serve as portfolio managers for the Fund.

3/14

UMBWX

Scout International

James Moffett will step down at the end of the year, but will remain with the firm.  Morningstar has placed the fund’s rating under review.

Current comanager, Michael Stack, will become co-lead on the fund and take the lead when Mr. Moffett leaves. Michael Fogerty will remain a comanager.

3/14

XXXXX

Strategic Advisors Multi-Manager 2005 through 2055 funds

Christopher Sharpe is out.

The rest of the team remains on the fund.

3/14

FEBPX

Strategic Advisors Multi-Manager Income Fund

Christopher Sharpe is out.

Andrew Dierdorf and Brett Sumsion remain.

3/14

PRLAX

T. Rowe Price Latin America

Jose Costa Buck

Gonzalo Pangaro and Verena Wachnitz

3/14

TAVIX

Third Avenue International Value

Amit Wadhwaney, the founder manager, will retire on June 30th.

Comanager, Matthew Fine, will take over as the sole lead manager.

3/14

TMSCX

Turner Medical Sciences Long/Short Fund

Vijay Shankaran

Michael Tung

3/14

TSCCX

Turner Spectrum Fund

Vijay Shankaran

Michael Tung joins the rest of the team

3/14

VWNAX

Vanguard Windsor II

Portfolio manager, Jeffrey Shaw, and subadvisor Armstrong Shaw Associates, are out.

The other subadvisors and managers remain, with subadvisor Hotchkis & Wiley taking over control of the Armstrong Shaw portion of the portfolio.

3/14

WRAAX

Wilmington Multi-Manager Alternatives

Stefan Mykytiuk and sub-advisor TIG Advisors

The rest of the team remains on the fund.

3/14

Ticker

Fund

Out with the old

In with the new

Dt

ALHAX

AllianceBernstein Limited Duration High Income Fund

Amy Strugazow leaves the team

Ivan Rudolph-Shabinsky joins Michael Sohr, Ashish Shah, and Gershon Distenfeld.

2/14

IIESX

American Independence International Alpha Strategies Fund

Subadvisor Guggenheim Investments has been terminated by the Board, along with portfolio managers Nardin Baker and Ole Jakob Wold

Navellier & Associates will be the new subadvisor, after a rubber stamp by shareholders. James O’Leary and Michael Borgen will manage the fund.

2/14

CLTAX

Catalyst/Lyons Tactical Allocation

Louis Stevens

Michael Schoonover

2/14

ELDFX

Elfun Diversified Fund

Greg Hartch is out

Jeffrey Palma and David Wiederecht remain

2/14

FAHMX

Frost Small Cap Equity Fund

Cambiar Investors is terminated as a subadvisor to the fund, with its entire management team.

The new team consists of Craig Leighton, Tom Stringfellow, and Brad Thompson, of Frost Investment Advisors.

2/14

GSAGX

Goldman Sachs Asia Equity Fund

Edwin Perkins is gone

Alina Chiew and Kevin Ohn remain.

2/14

GBRAX

Goldman Sachs BRIC Fund

Edwin Perkins is gone

Alina Chiew and Kevin Ohn remain.

2/14

GSIFX

Goldman Sachs Concentrated International Equity Fund

Edwin Perkins is gone

Alexis Deladerriere remains

2/14

GEMEX

Goldman Sachs Emerging Markets Equity Fund

Edwin Perkins is gone

Alina Chiew remains.

2/14

GSAKX

Goldman Sachs Strategic International Equity Fund

Edwin Perkins is gone

Suneil Mahindru joins Alexis Deladerriere, who remains on the fund.

2/14

GGEFX

Golub Group Equity Fund

Michael Golub will no longer serve on the fund

The other managers, Colin Higgins, Kurt Hoefer, and John Dowling, remain.

2/14

ITGIX

ING T. Rowe Price Growth Equity Portfolio I

Rob Bartolo, manager of the underlying Price fund, resigned and relocated.

Joe Fath will take his place.

2/14

JMFAX

Janus Emerging Markets Fund

Matt Hochstetler

Hiroshi Yoh and Wahid Pierre Chammas remain.

2/14

HSKAX

JPMorgan Market Neutral (which some might label JPMorgan Zero Return)

No one, but . . .

Steven Lee and Raffaele Zingone join Terance Chen, who’s been on board just since December, 2013.

2/14

JMNAX

JPMorgan Research Market Neutral

No one, but . . .

Steven Lee and Raffaele Zingone join Terance Chen, who will be resigning in the fourth quarter of 2014.

2/14

MGFIX

Managers Bond Fund

No one, but . . .

Matthew Eagan and Elaine Stokes join Daniel Fuss

2/14

DVRAX

MFS Global Alternative Strategy

Effective April 30, 2014, Joseph Flaherty will no longer be an advisor to the fund, and …

Benjamin Nastou will join the rest of the team of Natalie Shapiro, Curt Custard, Jonathan Davies, Andreas Koester, and Lowell Yura.

2/14

MFEGX

MFS Growth Fund

No one, but . . .

Matthew Sabel joins Eric Fischman as a comanager.

2/14

OCTAX

MFS Mid Cap Growth

No one, but . . .

Matthew Sabel joins Eric Fischman and Paul Gordon

2/14

MMUFX

MFS Utilities Fund

Robert Persons

Maura Shaughnessy remains and is joined by Claud Davis

2/14

NRFAX

Natixis AEW Real Estate Fund

Jeffrey Caira left on Jan 1.

John Garofalo joins Matthew Troxell, J. Hall Jones, and Roman Ranocha

2/14

IIDPX

Natixis Diversified Income Fund

Jeffrey Caira left on Jan 1.

Maura Murphy, Kevin Kearns, and Elaine Kan join the extensive team.

2/14

OPOCX

Oppenheimer Discovery Fund

No one, but . . .

Ash Shah joins Ronald Zibelli Jr.

2/14

MSIGX

Oppenheimer Main Street Fund

No one, but . . .

Paul Larson joins Manind Govil and Benjamin Ram

2/14

PTSIX

PIMCO International Fundamental IndexPLUS AR Strategy

Marc Seidner

Scott Mather

2/14

PIPAX

PIMCO International StocksPLUS AR Strategy

Marc Seidner who was ousted as part of the post El-Erian purge is joining GMO as a  head of fixed-income

Scott Mather

2/14

PCFIX

PIMCO Small Company Fundamental IndexPLUS AR Strategy

Marc Seidner

Scott Mather

2/14

PWWAX

PIMCO Worldwide Fundamental Advantage AR Strategy

Marc Seidner

Scott Mather

2/14

RSCHX

RS China Fund

No one, but . . .

Tony Chu joins Michael Reynal

2/14

GUHYX

RS High Yield Fund

Howard Most is retiring after  five entirely okay years with the fund

Marc Gross and Kevin Booth remain

2/14

XXXXX

Russell LifePoints 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055

Michael Ruff

John Greves and Brian Meath

2/14

RBLEX

Russell LifePoints Balanced Strategy

Michael Ruff

Brian Meath

2/14

RCLEX

Russell LifePoints Conservative Strategy

Michael Ruff

Brian Meath

2/14

RELEX

Russell LifePoints Equity Growth Strategy

Michael Ruff

Brian Meath

2/14

RALEX

Russell LifePoints Growth Strategy

Michael Ruff

Brian Meath

2/14

RZLRX

Russell LifePoints in Retirement

Michael Ruff

John Greves and Brian Meath

2/14

RMLEX

Russell LifePoints Moderate Strategy

Michael Ruff

Brian Meath

2/14

SEBLX

Sentinel Balanced Fund

David Brownlee will retire at the end of June.

Jason Doiron and Daniel Manion remain

2/14

SECMX

Sentinel Conservative Strategies Fund

David Brownlee will retire at the end of June.

Jason Doiron, Daniel Manion, and Katherine Shapiro remain

2/14

SEGSX

Sentinel Government Securities Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

SSIGX

Sentinel Low Duration Bond Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

Sentinel Total Return Bond Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

FCSAX

Strategic Advisers Core Fund

Lawrence Rakers, who was moved out of the portfolio manager role at Fidelity Dividend Growth after five volatile years,  has been replaced …

… by Matthew Fruhan

2/14

FMJDX

Strategic Advisers International Multi-Manager Fund

W. George Greig has left the William Blair & Co. sleeve of the fund after 17 years

The rest of the team remains on the fund.

2/14

USMIX

USAA Extended Market Index Fund

Ed Corallo has retired

Alan Mason is the new portfolio manager

2/14

USFSX

USFS Funds Tactical Asset Allocation Fund

Chris Weber and Mark Elste are out

Robert Cummisford and Tommy Huie will take over

2/14

VALLX

Value Line Larger Companies

Mark Spellman

Stephen Grant will manage the fund

2/14

VGPMX

Vanguard Precious Metals and Mining Fund

No one, but . . .

Jamie Horvat joins Randeep Somel

2/14

CBEAX

Wells Fargo Advantage C & B Large Cap Value Fund

Daren Heitman is out.

The rest of the team remains on the fund.

2/14

CBMAX

Wells Fargo Advantage C & B Mid Cap Value Fund

Daren Heitman is out.

The rest of the team remains on the fund.

2/14

Ticker

Fund

Out with the old

In with the new

Dt

SHKNX

Aftershock Strategies Fund

Michael Calkin is out

The rest of the team, including Daniel Cohen, Michael Lebowitz, David Wiedemer, and Robert Wiedemer, remain.

1/14

RAGHX

AllianzGI Wellness Fund

No one, but . . .

John Schroer joins Michael Dauchot and Paul Wagner

1/14

ADIAX

Alpine Innovators Fund, which is to become the Alpine Small Cap Fund on March 31.

Samuel Lieber and Stephen Lieber will be out as part of the change

Michael T. Smith, lately of Lord Abbett Small-Cap Blend (LSBAX), will take the helm.

1/14

ABSAX

American Beacon Small Cap Value Fund

No one, but . . .

Nelson Woodard joins the team

1/14

BERCX

Berwyn Cornerstone Fund

Raymond Munsch is resigning

George Cipolloni, Lee Grout, Robert Killen and Mark Saylor remain

1/14

BERWX

Berwyn Fund

Raymond Munsch is resigning

George Cipolloni, Lee Grout, Robert Killen and Mark Saylor remain

1/14

BERIX

Berwyn Income Fund

Raymond Munsch is resigning

George Cipolloni, Lee Grout, Robert Killen and Mark Saylor remain

1/14

GVT

Columbia Select Large Cap Value Fund

Neil Eigen

Kari Montanus joins Richard Rosen

1/14

DBEAX

Dreyfus Diversified Emerging Markets Fund

Sean Fitzgibbon and Jay Malikowski leave a fund whose greatest distinction is that it’s not as bad as the other Dreyfus EM fund (DRFMX)

Elizabeth Slover, Guarav Patankar, Peter Goslin, Ronald Gala, Warren Chiang, and Michelle Chan

1/14

KAUFX

Federated Kaufmann

No one, but . . .

John Ettinger and Barbara Miller have joined Lawrence Auriana and Hans Utsch on the team roster.

1/14

FLSLX

Forward Credit Analysis Long/Short Fund

David Hammer is out

Joseph Deane remains

1/14

GMSMX

GuideMark Small/Mid Cap Core

Hamish Clark, Ed Field, Katherine O’Donovan, Chip Perrone, Andrew Swanson, Young Chin and Chad Colman

Wellington Management is in, with Cheryl Duckworth and Mark Mandel managing the fund.  Don’t hold your breath over this one.  The fund has had 36 managers in 13 years, with a surprising number sticking for just three months.

1/14

HIINX

Harbor International Fund

Edward Wendell will be stepping down and moving toward retirement.

The rest of the team remains on the fund.

1/14

HISIX

Homestead International Value Fund

Robert Mazuelos is out

The rest of the team remains on the fund.

1/14

HWHAX

Hotchkis and Wiley High Yield

No one, but . . .

Richard Mak joins the existing team of Patrick Meegan, Mark Hudoff, and Ray Kennedy.

1/14

ICTRX

Icon Industrials

Zach Jonson

Michael Kuehn

1/14

JMPAX

Janus Aspen Global Allocation – Moderate

No one, but . . .

Enrique Chang joins Daniel Scherman

1/14

JGLTX

Janus Aspen Global Technology

No one, but . . .

Brinton Johns joins J. Bradley Slingerlend

1/14

JDEAX

JPMorgan Disciplined Equity

Scott Blasdell leaves the team and …

Aryeh Glatter joins.

1/14

VSEAX

JPMorgan Small Cap Equity Fund

No one, but . . .

Daniel Percella joins Don San Jose and Christopher Jones

1/14

JEPAX

JPMorgan US Research Equity Plus Fund

No one, but . . .

Raffaele Zingone and Aryeh Glatter join Terance Chen in managing the fund

1/14

KALVX

Keeley Alternative Value

No one, but . . .

Kevin Chin joins Brian Keeley and John Keeley

1/14

KSCVX

Keeley Small Cap Value

No one, but . . .

Kevin Chin joins Brian Keeley and John Keeley

1/14

KSMVX

Keeley Small-Mid Cap Value

No one, but . . .

Kevin Chin joins Brian Keeley and John Keeley

1/14

MSFBX

Morgan Stanley Institutional Global Franchise Portfolio Fund

Peter Wright has retired

William Lock, Bruno Paulson, Vladimir Demine, Marcus Watson and Christian Derold will continue on

1/14

MIQBX

Morgan Stanley Institutional International Equity Portfolio Fund

Peter Wright has retired

William Lock, Bruno Paulson, Vladimir Demine, Marcus Watson and Christian Derold will continue on

1/14

NMIEX

Northern Multi-Manager International Equity Fund

W. George Greig has left the William Blair & Co. sleeve of the fund after 17 years with Blair’s International Growth fund

Simon Fennell and Jeffrey Urbina continue to manage the William Blair & Co portion

1/14

ICCCX

ICON Consumer Discretionary Fund

Robert Straus is out

Scott Snyder is in

1/14

RIMMX

Rainier Mid Cap Equity Fund

Peter Musser is out

Mark Broughton and James Margard remain

1/14

FMGCX

Rx Dynamic Growth Fund

Gerry Campbell is out

Steven Wruble and Greg Rutherford remain.

1/14

PRISX

T. Rowe Price Financial Services

Eric Veiel has become a director of research at T. Rowe.

Gabriel Solomon will be his successor

1/14

PRGFX

T. Rowe Price Growth Stock

Rob Bartolo resigned and relocated, the latest in a surprising manager outflow.

Joe Fath will take his place.

1/14

TGVAX

Thornburg International Value Fund

Wendy Trevisani will move out to focus on institutional accounts

Lei Wang and William Fries will continue on

1/14

TSCEX

Turner Small Cap Growth Fund

William McVail, who has been managing the fund for the past 15 years

Jason Schrotberger

1/14

USCOX

U.S. Global Investors China Region Fund

Michael Ding is off the fund

Frank Holmes will continue on, joined by John Derrick and Xian Liang.

1/14

BNSCX

UBS US Small Cap Growth Fund

Paul Graham is out

David Wabnik and Samuel Kim continue to run the fund

1/14

VHFAX

Virtus Herzfeld Fund

Cecilia Gondor is out

Erik Herzfeld and Thomas Herzfeld remain

1/14

SCSAX

Wells Fargo Advantage Common Stock Fund

Thomas Wooden is gone

Ann Miletti remains

1/14

SOPVX

Wells Fargo Advantage Opportunity Fund

Thomas Wooden is gone

Ann Miletti remains

1/14