Here are a few new manager changes. One of them involves a fund that we currently hold in our model portfolios, Total Bond. There are no changes to the BUY-HOLD-SELL ratings based on these changes.
Effective June 1, 2012:
Joanna Bewick has been appointed lead manager of Fidelity/Advisor/VIP Strategic Income, Fidelity Strategic Dividend & Income (retail and Advisor classes) and Fidelity Strategic Real Return (retail and Advisor classes). Joanna has served as co-manager on these funds since 2008.
Ford O’Neil has been appointed co-manager of Fidelity/Advisor/VIP Strategic Income, Fidelity Strategic Dividend & Income (retail and Advisor classes) and Fidelity Strategic Real Return (retail and Advisor classes), succeeding Chris Sharpe, who will continue broadening his leadership role on the portfolio management team responsible for overseeing more than $150 billion of target-date investment strategies, including the Fidelity Freedom Funds and College 529 investment portfolios. Ford joins lead manager Joanna Bewick.
Jeff Moore has been named co-manager for the Fidelity Total Bond Fund (retail and Advisor classes), joining Ford O’Neil, who will remain lead manager.
