For most funds, a recent upsurge in volatility probably doesn't signal a dramatic departure from established strategies. In some cases, however, there may have been a change for the worse.
New managers for the firm's Institutional Large Cap Growth, New America Growth, and Health Sciences funds.
A manager change is a good reason to re-evaluate a fund, but not usually a reason to sell, says Morningstar's Russ Kinnel.
As the market has soared, so have tax-cost ratios at many equity funds.
The fund firm has seen both long-planned and surprise manager departures recently and is likely to see more change in the years ahead, says Morningstar's Russ Kinnel.
The firm's municipal-bond funds are solid, but we make some trade-offs on the equity side in the name of tax efficiency.
Standard deviation and downside capture ratio provide similar but not identical insights into fund performance.
A roundup of the largest distributions from the big fund complexes.
Departures of investment staff are worth watching, though.
As equity funds have fewer losses to offset gains, investors with taxable accounts should closely monitor their holdings and brace for larger tax bills this year.