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.
| Ticker | Fund | Out with the old | In with the new | Dt |
| ACCSX | Access Capital Community Investment | Todd Brux | Brian Svendahl continues on, with Scott Kirby joining him. | 9/12 |
| MDBAX | BlackRock Basic Value | Kevin Rendino retires at the end of October | Carrie King remains, and is joined by former PEYAX manager, Bart Geer. | 9/12 |
| BGSAX | BlackRock Science & Technology Opportunities | Paul Ma | Comanagers Thomas Callan, Jean Rosenbaum, and Erin Xie remain | 9/12 |
| CSMIX | Columbia Small Cap Value | Stephen Barbaro will retire at the end of the year. | Jeremy Javidi and John Barrett will remain. | 9/12 |
| DPLTX | Dreyfus High Yield | No one, but . . . | Kevin Cronk is added. | 9/12 |
| DSIGX | Dreyfus Short-Intermediate Government | No one, but . . . | Robert Bayston and Nate Pearson will join Dawn Guffey | 9/12 |
| FAGOX | Fidelity Advisor Growth Opportunities | No one, but . . . | Gopal Reddy has become a comanager with Steve Wymer | 9/12 |
| FEMKX | Fidelity Emerging Markets | Bob von Rekowsky (see ya!) | Sammy Simnegar, manager at Fidelity International Capital Appreciation (FIVFX) which has a major e.m. stake and has done quite solidly under his direction | 9/12 |
| FSNGX | Fidelity Select Natural Gas | No one, but . . . | Ted Davis, formerly an analyst with AllianceBernstein, is a new co-portfolio manager | 9/12 |
| GABAX | Gabelli Asset | No one, but . . . | Jeffrey Jonas has joined as a comanager | 9/12 |
| GMWAX | GMO Global Asset Allocation III | No one, but . . . | Sam Wilderman will join Ben Inker as a comanager | 9/12 |
| GMOIX | GMO International Intrinsic Value | Sam Wilderman | Tom Hancock remains, and is joined by David Cowan | 9/12 |
| GMUEX | GMO US Core Equity | Sam Wilderman | Tom Hancock remains, and is joined by David Cowan | 9/12 |
| NAWGX | ING Global Value Choice | Tradewinds Global Investors is no longer a subadvisor. These are the latest in a string of cancellations for Tradewinds since the departure of their CIO and three managers in April 2012. | David Rabinowitz, Martin Jansen and Joseph Vultaggio | 9/12 |
| IVCAX | ING International Value Choice | Tradewinds Global Investors is no longer a subadvisor. | David Rabinowitz, Martin Jansen and Joseph Vultaggio | 9/12 |
| XXXXX | ING target-date, target-risk, and multiasset fund lineup | Bill Evans, head of manager research and selection and portfolio manager | Halvard Kvaale | 9/12 |
| PAVAX | ING Value Choice | Tradewinds Global Investors is no longer a subadvisor. | Christopher Corapi and Robert Kloss will comanage in anticipation of merging this fund with ING Large Cap Value (IEDAX) | 9/12 |
| GGHCX | Invesco Global Health Care | Dean Dillard | Derek Taner remains as the sole manager | 9/12 |
| PIAFX | Invesco Premium Income | Peter Ehret | The other twelve managers remain. | 9/12 |
| ICDAX | Ivy Cundill Global Value | David Tiley | Andrew Massie remains. | 9/12 |
| JORNX | Janus Global Select | John Eisinger | George Maris | 9/12 |
| JHASX | JHancock Global Absolute Return Strategies | David Millar | Euan Munro and Guy Stern remain. | 9/12 |
| NMHYX | Northern Multi-Manager High Yield Opportunity | Stone Harbor Investment Partners is out as a subadviser. | DDJ Capital Management is in. | 9/12 |
| NMMLX | Northern Multi-Manager Large Cap | Marsico Capital Management is out as a subadviser. | WestEnd Advisors is in as a subadviser. | 9/12 |
| SWANX | Schwab Core Equity | No one, but . . . | Jonas Svallin joins Larry Mano and Paul Alan Davis as comanager | 9/12 |
| SWRLX | Sentinel International Equity | No one, but . . . | Andrew Boczek joins Kate Shapiro as comanager. | 9/12 |
| FSAMX | Strategic Advisers Emerging Markets | No one, but . . . | Acadian Asset Management, has been added as a second subadvisor, with CIO John Chisholm, managing their portion of the fund. | 9/12 |
| TBAAX | Touchstone Balanced Allocation | John Thompson | The comanagers remain. | 9/12 |
| TSAAX | Touchstone Conservative Allocation | John Thompson | The comanagers remain. | 9/12 |
| TGQAX | Touchstone Growth Allocation | John Thompson | The comanagers remain. | 9/12 |
| TSMAX | Touchstone Moderate Growth Allocation | John Thompson | The comanagers remain. | 9/12 |
| FOSCX | Tributary Small Company | Randall Greer | Mark Wynegar and Michael Johnson remain as comanagers. | 9/12 |
| BEAAX | UBS U.S. Equity Alpha | John Leonard has stepped down from the fund, but remains with the firm. | Ian McIntosh will join existing comanagers, Scott Bondurant and Thomas Digenan. | 9/12 |
| VGHCX | Vanguard Health Care | Ed Owens, highly successful manager for the past 28 years, will retire at the end of the year. | Jean Hynes, comanager since 2007, will remain and take the lead. | 9/12 |
| LWEAX | Western Asset Emerging Markets Debt | No one, but . . . | Gordon Brown and Robert Abad joined as part of the new team-based approach | 9/12 |
| SHIAX | Western Asset High Income | No one, but . . . | Walter Kilcullen joined the team. | 9/12 |
| WAYAX | Western Asset High Yield | No one, but . . . | Walter Kilcullen joined the team. | 9/12 |
| WAUAX | Western Asset Total Return Unconstrained | No one, but . . . | Dennis McNamara was added as a manager as a part of Western Asset’s team-based approach. | 9/12 |
