Table: Fund-Manager Churn: A Plus or Minus

POSITIVE

FUND/NEW MANAGEMENTFIDELITY SELECT SOFTWARE, Christian Zann

-- Zann, formerly of Select Natural Gas, is backed by a worldwide team of 240 analystsPIONEER VALUE, John Carey and team

-- Carey has run the flagship Pioneer Fund since 1986, with annualized 10-year returns of 13.7%NEGATIVE

FUND/NEW MANAGEMENTBERGER SELECT, Jay Tracey

-- The firm's second worst performing fund is due to be merged in April into Tracey's Berger Growth, the sixth worstWESTCORE SELECT, Todger Anderson and William Chester

-- Anderson also runs Westcore Midco Growth, which has been beaten over 5 and 10 years by half of its peers

Data: FundAlarm.com, Morningstar Inc.