Most months, 50 or 60 equity-oriented funds and ETFs undergo partial or complete changes to the management teams. Perhaps owing to our strained physical and financial environment, the number of changes this month is substantially lower: 38. Three of those are occasioned by retirements and 11 more are simply adding a member to an existing team. On whole, the industry seems to be focusing its energy elsewhere this month.
And good for them!
| Ticker | Fund | Out with the old | In with the new | Dt |
| BGEIX | American Century Global Gold Fund | Elizabeth Xie is no longer listed as a portfolio manager for the fund. | Yulin Long will continue to manage the fund. | 3/20 |
| BIGRX | American Century Income and Growth Fund | Brian Garbe will no longer serve as a portfolio manager for the fund. | Steven Rossi joins Claudia Musat in managing the fund. | 3/20 |
| ACEVX | American Century International Value Fund | No one, but . . . | Tsuyoshi Ozaki has joined Yulin Long on the management team. | 3/20 |
| AOGIX | American Century One Choice Portfolio: Aggressive | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| AOCIX | American Century One Choice Portfolio: Conservative | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| AOMIX | American Century One Choice Portfolio: Moderate | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| AOVIX | American Century One Choice Portfolio: Very Aggressive | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| AONIX | American Century One Choice Portfolio: Very Conservative | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| ASQIX | American Century Small Company | Brian Garbe will no longer serve as a portfolio manager for the fund. | Steven Rossi will continue to manage the fund. | 3/20 |
| AAAIX | American Century Strategic Allocation: Aggressive | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| AACCX | American Century Strategic Allocation: Conservative | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| ASAMX | American Century Strategic Allocation: Moderate | No one, but . . . | Brian Garbe joins Richard Weiss, Scott Wilson, Radu Gabudean, and Vidya Rajappa on the management team. | 3/20 |
| CHTTX | AMG Managers Fairpointe Mid Cap Fund | Effective as of April 30, 2020, Marie Lorden will retire from Fairpointe Capital LLC and no longer serve as a portfolio manager of the fund. | Thyra Zerhusen, Frances Tuite, and Brian Washkowiak will continue to manage the fund. | 3/20 |
| ASUIX | Arabesque Systematic USA Fund | Philipp Müller will no longer serve as a portfolio manager for the fund. | Gilles Jacobs has joined Dr. Hans-Robert Arndt in managing the fund. | 3/20 |
| ADJEX | Azzad Ethical Fund | Ziegler Capital Management, LLC will no longer serve as sub-adviser to the fund and Christian Greiner will no longer manage the fund. | Jamal Elbarmil will now manage the fund. | 3/20 |
| LMANX | BrandywineGLOBAL – Alternative Credit Fund | Gerhardt “Gary” Herbert is no longer listed as a portfolio manager for the fund. | Tracy Chen and Brian Kloss will continue to manage the fund. | 3/20 |
| LFLSX | BrandywineGLOBAL – Global Flexible Income Fund | Gerhardt “Gary” Herbert is no longer listed as a portfolio manager for the fund. | Tracy Chen, Brian Kloss, Jack McIntyre, and Anujeet Sareen will continue to manage the fund. | 3/20 |
| LMZIX | BrandywineGLOBAL – Global High Yield Fund | Gerhardt “Gary” Herbert is no longer listed as a portfolio manager for the fund. | Tracy Chen and Brian Kloss will continue to manage the fund. | 3/20 |
| FSELX | Fidelity Select Semiconductors | No one at the moment, but Stephen Barwikowski is expected to retire at the end of June. | Adam Benjamin joins Mr. Barwikowski on the management team and will continue to manage the fund upon his retirement. | 3/20 |
| GSCAX | Goldman Sachs Commodity Strategy Fund | Mark Van Wyk will no longer serve as a portfolio manager for the fund. | Peter Stone joins Samuel Finkelstein in managing the fund. | 3/20 |
| IHGIX | Hartford Dividend and Growth Fund | Effective immediately, Mark Vincent will no longer serve as a portfolio manager for the fund. | Nataliya Kofman, Matthew Baker, and Edward Bousa will continue to manage the fund. | 3/20 |
| HGOAX | Hartford Growth Opportunities | Michael Carmen is no longer listed as a portfolio manager for the fund. | Mario Abularach and Stephen Mortimer will continue to manage the fund. | 3/20 |
| JHVIX | John Hancock Funds II International Value Fund | Peter Nori and Christopher Peel no longer manage the fund. | Joseph Feeney, Christopher Hart, Joshua Jones, and Joshua White will now manage the fund. | 3/20 |
| MOTAX | MassMutual Select Fundamental Growth Fund | Joel Thomson will no longer serve as a portfolio manager for the fund. | Richard Lee, Timothy Manning, Ethan Meyers, and William Muggia will now manage the fund. | 3/20 |
| ANTVX | NT International Value Fund | No one, but . . . | Tsuyoshi Ozaki has joined Yulin Long on the management team. | 3/20 |
| JCE | Nuveen Core Equity Alpha Fund | Jody Hrazanek is no longer a portfolio manager of the fund. | David Friar, Adrian Banner, and Vassilios Papathanakos will continue to manage the fund. | 3/20 |
| DIAX | Nuveen Dow 30 Dynamic Overwrite Fund | Jody Hrazanek is no longer a portfolio manager of the fund. | David Friar will continue to manage the fund. | 3/20 |
| QQQX | Nuveen Nasdaq 100 Dynamic Overwrite Fund | Jody Hrazanek is no longer a portfolio manager of the fund. | David Friar will continue to manage the fund. | 3/20 |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | Jody Hrazanek is no longer a portfolio manager of the fund. | David Friar will continue to manage the fund. | 3/20 |
| RLY | SPDR SSGA Multi-Asset Real Return ETF | John Gulino will no longer serve as a portfolio manager for the fund. | Robert Guiliano and Michael Martel will continue to manage the fund. | 3/20 |
| XLSR | SPDR SSGA US Sector Rotation ETF | John Gulino will no longer serve as a portfolio manager for the fund. | Michael Martel and Michael Narkiewicz will continue to manage the fund. | 3/20 |
| TQSMX | T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund | No one, but . . . | Vidya Kadiyam and Navneesh Malhan will join Sudhir Nanda and Prashant Jeyaganesh on the management team. | 3/20 |
| TCWAX | Templeton China World Fund | Yu-Jen Shih is no longer listed as a portfolio manager for the fund. | Eric Mok joins Michael Lai in managing the fund. | 3/20 |
| TECGX | TIAA-CREF Quant Large-Cap Growth Fund | James Johnson is no longer listed as a portfolio manager for the fund. | Max Kozlov will continue to serve as portfolio manager of the fund. | 3/20 |
| TELCX | TIAA-CREF Quant Large-Cap Value Fund | James Johnson is no longer listed as a portfolio manager for the fund. | Max Kozlov will continue to serve as portfolio manager of the fund. | 3/20 |
| VPGDX | Vanguard Managed Payout Fund | John Ameriks will no longer serve as a portfolio manager for the fund. | Fei Xu will join Anatoly Shtekhman in managing the fund. | 3/20 |
| VWELX | Vanguard Wellington | No one immediately, but Edward Bousa will retire effective June 30, 2020. | Loren Moran, Daniel Pozen, and Michael Stack will continue to manage the fund upon Mr. Bousa’s retirement. | 3/20 |
| DTLGX | Wilshire Large Company Growth | Effective on or about March 24, 2020, Victory Capital Management Inc. no longer serves as a subadviser of the fund. | Wilshire and Fred Alger Management, LLC will now subadvise the fund. | 3/20 |
