1.   As for the second phase, I would wait until you retire to make additional portfolio changes.

2.   Below is a list of portfolio manager changes announced today by Fidelity.

3.   A. The truth of the matter is that most mutual funds are managed with little or no regard to the tax implications of the portfolio changes.

4.   A. This may be a success spoils the fund story, or perhaps an illustration of the need to watch a fund very carefully after a portfolio manager change.

5.   After several quarters with no, or only slight, portfolio changes, Rekenthaler has altered it extensively.

6.   I would suggest one portfolio change.

7.   It would be his biggest portfolio change in three years, he said.

8.   Stansky is making the portfolio changes during a period when investors are removing assets from the fund.

9.   That review also might dictate some portfolio changes.

10.   The rules for alerting shareholders of portfolio manager changes at mutual funds are different from closed-end funds.