Because bond fund managers, traditionally, had made relatively modest impacts of their funds’ absolute returns, Manager Changes typically highlights changes in equity and hybrid funds.
| Fund | Out with the old | In with the new | Dt |
| American Beacon Treasury Inflation Protected Securities (ATPIX) | William Quinn | Seven comanagers remain. | 3/12 |
| Ariel Appreciation(CAAPX) | Matthew Sauer is leaving to join Lateef Investment Management and perhaps help with the erratic Lateef Fund (LIMAX) | John Rogers and Timothy Fidler will remain as comanagers. | 3/12 |
| BlackRock High Yield Bond (BHYAX) | No one, but … | Charlie McCarthy is a new comanager. | 3/12 |
| Buffalo China (BUFCX) | No one, but … | Yulin Li has been added as a comanager. | 3/12 |
| Davis Financial (RPFGX) | Charles Cavanaugh is stepping down. | Lead manager, Kenneth Feinberg, remains. | 3/12 |
| Dreyfus/Standish Fixed Income (SDFIX) | Peter Vaream is out | The rest of the comanagers remain | |
| Fidelity Advisor Stock Selector Mid Cap (FMCDX) | Comanager Michael Valentine | Rayna Lesser | 3/12 |
| Fidelity Inflation-Protected Bond (FINPX) | No one, but … | Franco Castagliuolo joins the team. | 3/12 |
| Fidelity Series Inflation-Protected Bond Index (FSIPX) | No one, but … | Alan Bembenek will be a new comanager. | 3/12 |
| Fidelity Series Small Cap Opportunities | No one, but … | Eirene Kontopoulos joins the team | 3/12 |
| Fidelity Stock Selector Small Cap (FDSCX) | No one, but … | Eirene Kontopoulos joins the team | 3/12 |
| Fidelity Total International Equity (FTIEX) | Robert von Rekowsky | Ashish Swarup joins the existing managers, Jed Weiss and Alexander Zavratsky | 3/12 |
| GE Institutional Small-Cap Equity (GSVIX) | Jeffrey Schwartz | Marc Shapiro joins the remaining subadvisors | 3/12 |
| Hartford Advisers (ITTAX) | Steven Irons | Karen Grimes | 3/12 |
| Henderson International Opportunities(HFOAX) | Iain Clark will no longer manage as of April 4, 2012. | The eight other managers remain. | 3/12 |
| Invesco High Income Municipal (AHMAX) | Gerard Pollard and Franklin Ruben | The current comanagers remain. | 3/12 |
| Invesco Van Kampen High Yield Municipal (ACTHX) | Gerard Pollard and Franklin Ruben | The current comanagers remain. | 3/12 |
| JPMorgan Intrepid America (JIAAX) | Christopher Blum, who has been appointed the head of global equity solutions at JP Morgan’s asset management division. | Dennis Ruhl and Pavel Vaynshtok will be added as comanagers. | 3/12 |
| JPMorgan Intrepid Growth (JIGAX) | Christopher Blum | Dennis Ruhl and Pavel Vaynshtok | 3/12 |
| JPMorgan Intrepid Multi Cap (JICAX) | Christopher Blum | Dennis Ruhl | 3/12 |
| JPMorgan Intrepid Value (JIVAX) | Christopher Blum | Dennis Ruhl and Pavel Vaynshtok | 3/12 |
| Lazard U.S. Equity Value (LEVIX) | Nicholas Sordoni, J. Richard Tutino Jr, and Ronald Temple as of May 31, 2012 | Christopher Blake will join the management team | 3/12 |
| Legg Mason Batterymarch Global Equity (CFIPX) | Adam Petryk is no longer the manager, but remains at the firm. | No one new. | 3/12 |
| Legg Mason Batterymarch International Equity(LGIEX) | Adam Petryk | No one new. | 3/12 |
| Legg Mason Batterymarch S&P 500 Index (SBSPX) | Adam Petryk | No one new. | 3/12 |
| Legg Mason Batterymarch U.S. Small Cap Equity (LMSIX) | Adam Petryk | No one new. | 3/12 |
| Legg Mason Western Asset Strategic Income (SDSAX) | No one, but … | Christopher Orndoff joined the management team | 3/12 |
| Loomis Sayles Small Cap Value (LSCRX) | No one, but … | Jeffrey Schwartz joins Joseph Gatz as a comanager | 3/12 |
| MFS Massachusetts Investors Trust (MITTX), which has been around since 1924 and has seen several management changes in that time | Nicole Zatlyn, comanager since 2005, steps down. | Comanager, Kevin Beatty, will be joined by Ted Maloney | 3/12 |
| Natixis U.S. Multi-Cap Equity (NEFSX) | No one, but … | Jeffrey Schwartz joins Joseph Gatz as a comanager | 3/12 |
| Northern Enhanced Large Cap (NOLCX) | Joseph Wolfe | The other managers remain. | 3/12 |
| Northern Large Cap Value (NOLVX) | Stephen Atkins | The other managers remain. | 3/12 |
| Nuveen Tradewinds Global All-Cap (NWGAX) | David Iben leaves to join Vinik Asset Management | Emily Alejos and Drew Thelen will take over. | 3/12 |
| Nuveen Tradewinds Global Flexible Allocation(NGEAX) | Iben and Isabel Satra are . . . yes. You guessed it, off to Vinik Asset Management | Analyst Ariane Mahler will join the remaining manager, Michael Hart | 3/12 |
| Nuveen Tradewinds Global Resources(NTGAX) | Iben, Crespo, and Gregory Padilla all going to Vinik Asset Management | There hasn’t been a new manager announced yet. | 3/12 |
| Nuveen Tradewinds International Value(NAIGX) | Alberto Jimenez Crespo follows Iben to Vinik Asset Management | Peter Boardman remains as the sole manager. | 3/12 |
| Nuveen Tradewinds Value Opportunities (NVOAX) | David Iben leaves to join Vinik Asset Management | Two analysts, Joann Barry and Rowe Michels, will take the helm. | 3/12 |
| Old Mutual Focused (OBFVX), now re-named Touchstone Focused | Longtime manager Jerome Heppelmann is being replaced as part of Touchstone’s acquisition of 17 Old Mutual Funds. | Fort Washington Investment Advisors | 3/12 |
| Principal Large Cap Value III (PLVIX) | No one, but … | Todd Williams joined the team | 3/12 |
| Principal Small Cap Value II (PPVIX) | No one, but … | Joseph Chi, Jed Fogdall, and Henry Gray joined the team | 3/12 |
| Prudential High-Yield (PBHAX) | No one, but … | Ryan Kelly has been added as portfolio manager. | 3/12 |
| Scout Global Equity Fund | William B. Greiner has resigned as CIO of Scott Investments and is no longer lead manager. | Gary Anderson and James A. Reed II will serve as co-lead portfolio managers. | 3/12 |
| Sentinel Balanced(SEBLX) | No one, but . . . | Dan Manion will become the lead manager, joined by Jason Doiron. | 3/12 |
| Sentinel Government Securities (SEGSX) | No one, but . . . | Jason Doiron joins. | 3/12 |
| Sentinel International Equity (SWRLX). | Stacey Ho is stepping down | The rest of the team remains. | 3/12 |
| Sentinel Short Maturity Government(SSIGX) | No one, but . . . | Jason Doiron joins. | 3/12 |
| Sentinel Sustainable Growth Opportunities (WAEGX), re-named as Sentinel Sustainable Mid Cap Opportunities on March 29, 2012. | Comanagers Elizabeth Bramwell and Kelli Hill are stepping down, Bramwell for retirement. | Betsy Pecor, Carole Hersam, and Matthews Spitznagle | 3/12 |
| Wells Fargo Global Opportunities(EKGAX) | Francis Claro has left the firm. | A small fund shop now owned by Wells Fargo, EverKey. | 3/12 |
| Westwood Balanced (WHGBX) | Susan Byrne. Byrne really has had a remarkable life, by the way. | The rest of the team remains in place with Byrne as a mentor and guide. | 3/12 |
| Westwood Large Cap Value (WHGLX) | Susan Byrne | The rest of the team remains in place with Byrne as a mentor and guide. | 3/12 |
