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Fund Changes - May-18
 Fund Changes
 Weeklies History:

Fund Changes Weekly


Week 20: 5/14/2018-5/18/2018

Effective June 30, 2018, David R. Glocke will retire from The Vanguard Group, and will no longer serve as a portfolio manager for the Vanguard Prime Money Market fund ($100 billion) and Vanguard Treasury Money Market fund ($17.1 billion). Current portfolio manager Nafis T. Smith will continue to manage the funds upon Glocke's retirement...Oppenheimer registers its first bond ETFs, both of which will be actively managed: the Oppenheimer Ultra-Short Duration ETF and Oppenheimer Senior Loan ETF...Michael Akins will no longer serve on the portfolio management team of a number of exchange-traded funds of the ALPS ETF Trust, including the Alerian MLP ETF ($10.2 billion) and the ALPS Sector Dividend Dogs ETF ($2.27 billion)...The Oppenheimer Rochester Municipals funds will realign their portfolio managers such that each fund will be managed by a single specialized portfolio manager. As a result, and among changes to other funds, Scott S. Cottier will become the sole portfolio manager to the Oppenheimer Rochester High Yield Municipal fund ($6.08 billion) and Troy E. Willis will become the sole portfolio manager to the Oppenheimer Rochester Fund Municipals fund ($5.11 billion)...Eaton Vance files the Parametric Systematic Alternative Risk Premia fund, which will provide exposure to risk premia by taking long and short positions across four asset classes: equities, fixed income, commodities, and currencies...First Eagle will no longer sub-advise a portion of the Strategic Advisers Core fund ($24.99 billion)...Lord Abbett registers the Lord Abbett Global Bond fund, which will use top-down themes and bottom-up, fundamental research to invest across multiple sectors in developed and emerging markets throughout the world, and also files the Lord Abbett Global Select Equity fund, which will invest in equity securities of global issuers across all market caps...ProShare Advisors proposes the ProShares Pet Care ETF, which will track an index comprised of U.S. and international companies with a focus on the pet care industry, which, in the opinion of the advisor, has historically seen steady growth and been resilient to economic downturns...Deutsche Investment Management Americas, the investment advisor for Deutsche funds, will be renamed to DWS Investment Management Americas, and "Deutsche funds" will change their names and become known as "DWS funds"...   MORE>>


Week 19: 5/7/2018-5/11/2018

Effective December 31, 2018, Karen H. Grimes will retire and withdraw from the partnership of Wellington Management Group and will no longer serve as a portfolio manager to the Hartford Balanced Income fund ($12.2 billion), the Hartford Equity Income fund ($4.2 billion), and the Hartford Balanced fund ($947 million)...Dreyfus registers the Dreyfus Japan Equity Womenomics fund, which will invest in companies that are likely to benefit from the "Womenomics" initiative in Japan that seeks to promote economic growth through the general economic empowerment of women, such as companies that actively employ and promote women to leadership positions, help close the gender pay gap, offer products or services designed for women, or that benefit indirectly from the economic empowerment of women...James Barber and Kathrine Husvaeg will co-manage the Russell Emerging Markets fund, replacing Gustavo Galindo, previously the sole portfolio manager of the fund...James B. Francis and Devin Ryder will replace Travis E. Trampe on the portfolio management team of a number of funds advised by ETF Managers Group, including the ETFMG Prime Cyber Security ETF, among others...AllianceBernstein files the AB Income Shares fund, which will invest in a broad range of fixed-income securities, including securities of U.S. and foreign governments, corporate debt, higher-yielding debt, and debt securities of issuers located in emerging markets. The fund has the flexibility to invest in fixed-income securities of any credit quality, maturity, or duration...The Delaware Value fund ($12.67 billion) will re-open to new investors effective May 14, 2018...GQG Partners will replace Graham Capital Management on the sub-advisory team of the Goldman Sachs Multi-Manager Alternatives fund...The TIAA-CREF Enhanced Index funds will no longer follow an enhanced index management strategy and instead will be actively-managed using proprietary quantitative models to build each fund's portfolio...Invesco will reposition the Invesco U.S. Government fund as a multi-sector income fund and will change its name to the Invesco Income fund (in connection with this change, the fund will no longer invest primarily in U.S. government securities and will be subject to heightened risks)...   MORE>>


Week 18: 4/30/2018-5/4/2018

Morley D. Campbell will no longer serve on the portfolio management team of several AllianzGI NFJ funds, including the AllianzGI NFJ Small Cap Value fund (to be replaced by Jeff N. Reed), the AllianzGI NFJ Dividend Value, and the AllianzGI NFJ Mid Cap Value funds, among other funds...Columbia Threadneedle registers the Columbia Multi-Sector Municipal Income ETF, which will track an index that employs a strategic beta approach to investing in five sectors of the municipal debt market, including "core revenue" muni debt (45%), health care-related debt (20%), high quality spread bonds (15%), general obligation bonds (10%), and high yield debt (10%)...David S. Royal will join the portfolio management team of the Thrivent risk-based funds...T. Rowe Price will join the sub-advisory team of the SEI SIIT High Yield Bond and SEI SIMT High Yield Bond funds, AJO will no longer serve as a sub-advisor to a portion of each of the SEI SIIT U.S. Managed Volatility and SEI SIMT U.S. Managed Volatility funds, Western Asset Management Company and Western Asset Management Company Limited will join the team managing the SEI SIMT Multi-Asset Income fund, and Janus will sub-advise a portion of the SEI SIMT Multi-Asset Capital Stability fund...The T. Rowe Price New Income fund ($29 billion) and the T. Rowe Price Communications & Technology fund ($5 billion) (formerly the T. Rowe Price Media & Telecommunication fund) will each modify its investment objective, pending shareholder approval, to a more general investment objective that will allow the fund greater long-term flexibility to execute its investment program. T. Rowe Price also plans to reclassify the status of its sector funds from diversified to non-diversified, pending shareholder approval...AllianceBernstein files the AB All China Equity fund, which will seek long-term growth of capital through investment in equity securities of companies economically tied to the People’s Republic of China (including Hong Kong), with a focus on undervalued securities...Edinburgh Partners, one of the advisors to the Vanguard International Value fund, has been acquired by Franklin Resources. As a result of the acquisition, Edinburgh Partners is a wholly owned subsidiary of Franklin Templeton...Jeff St. Peters will no longer serve as a member of the portfolio management team of the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF...Joseph Gabelli will join the portfolio management team of the TETON Westwood Mighty Mites fund...Effective January 1, 2019, Keir R. Joyce will replace Andrew C. McCormick as the portfolio manager and chairman of the investment advisory committee of the T. Rowe Price GNMA fund...Segall Bryant & Hamill has completed its acquisition of Denver Investments, the advisor to the Westcore funds...   MORE>>


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