Vanguard deep-sixes the subadvisor, which had managed about 4% of Vanguard Windsor II's assets, and increases subadvisor Hotchkis & Wiley's sleeve of the fund.
Take a look at the buys and sells of some top funds across the Morningstar Style Box.
Evaluating manager changes at funds from T. Rowe Price, Vanguard, and more.
Although some Vanguard funds underperformed their peers during the market rally, the firm had more portfolios in the top quartile of their categories than in the bottom quartile.
Below-average returns don't shake Morningstar analysts' confidence in some funds, while recent outperformance doesn't grant higher ratings to others.
Dale Harvey left the burdens of managing $20 billion for Capital Group to form his own boutique inspired by Thomas Jefferson.
Oakmark reopens fund, Sentinel managers head to competitor, Lord Abbett makes manager changes and more.
Some readers employ performance-based rules, while others focus on fund and portfolio fundamentals.