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Fund Changes - Apr-17
 Fund Changes
 Weeklies History:

Fund Changes Weekly


Week 15: 4/10/2017-4/14/2017

Christopher M. Chapman will join the portfolio management team of the John Hancock Funds II Strategic Income Opportunities fund and John Hancock Income fund...Barrow Hanley Mewhinney & Strauss will join the sub-advisory team of the SEI Institutional Investments Trust (SIIT) World Equity Ex-US fund, and Coho Partners and Fiera Capital will join the team of the SEI SIIT Large Cap fund...TPH Asset Management and Southeastern Asset Management will no longer serve on the sub-advisory team of the TIFF Multi-Asset fund, and Green Court Capital Management will replace Neuberger Berman Asia Limited on the fund's team (Green Court is a newly formed investment advisory firm established by the Greater China Investment team that is part of Neuberger Berman Asia Limited)...Goldman Sachs registers the Goldman Sachs Equal Weight U.S. Large Cap Equity ETF, which will track the Solactive Equal Weight US Large Cap Index, an equal-weight version of the Solactive US Large Cap Index, a market cap-weighted index that includes equity securities of the 500 largest U.S. companies...AllianceBernstein adds disclosure stating that Class C shares will automatically convert to Class A shares after ten years...The Victory Sycamore Established Value fund will close to new investors effective June 30, 2017...American Beacon Advisors reached a definitive agreement to acquire a controlling interest of Shapiro Capital Management ($4.3 B AUM), an Atlanta based investment management firm...John Paul Lech of OppenheimerFunds will no longer co-manage the Transamerica Developing Markets Equity fund, leaving Justin Leverenz, also of OppenheimerFunds, as the sole portfolio manager to the fund...Many fund companies add disclosure clarifying that the availability of certain sales charge waivers and discounts will depend on whether shares are purchased directly from the fund or through a financial intermediary, and that effective April 10, 2017, shareholders purchasing Class A shares through a Merrill Lynch platform or account will be eligible only for certain front-end load waivers and discounts, which are outlined in the filings. The filings also clarify the contingent deferred sales charge waiver policies specific to Class A, Class B, and/or Class C shares available through Merrill Lynch...   MORE>>


Week 14: 4/3/2017-4/7/2017

James Morrow will retire as of December 31, 2017, and will no longer manage the Fidelity Series Equity-Income fund (Sean Gavin will join the fund effective April 2017) and the Fidelity Equity-Income fund (Ramona Persaud will assume lead portfolio manager responsibilities at that time and will continue to manage the fund with Adam Kramer); John Avery will transition off the Fidelity Fund on June 30, 2017, while Jean Park will begin co-managing the fund effective April 2017...Frederick Sabetta will retire from J.P. Morgan Investment Management effective January 1, 2018, and will no longer serve on the portfolio management team of the JPMorgan Core Plus Bond fund, and Nicholas Horne and Jonathan Ingram will join Zenah Shuhaiber on the portfolio management team of the JPMorgan Intrepid International fund, replacing Sandeep Bhargava...BlackRock registers two emerging markets bond funds, one which will invest in bonds that are denominated in the local currency, and also registers three ETFs: two iShares ESG USD Corporate Bond ETFs and an inflation hedged corporate bond ETF...Hartford files the actively managed Hartford Total Return Bond ETF, which will be managed by the same portfolio management team overseeing the $2.1 billion Hartford Total Return Bond fund...As of June 30, 2018, Richard Hawkins will retire from the portfolio management teams of several MFS funds, including the MFS Global Total Return, MFS Global Bond, MFS Corporate Bond (Alexander Mackey will begin co-managing the fund on April 5, 2017), and MFS Total Return (Robert Persons will join the team managing the fund on April 5, 2017)...Virtus registers the Virtus Glovista Emerging Markets ETF, which will be sub-advised by Glovista Investments and will track an index designed to identify the top 10 most attractive “large liquid emerging market countries”...Effective June 30, 2017, the AQR Long-Short Equity fund and AQR Equity Market Neutral fund will be closed to new investors...   MORE>>


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