Members Capital Advisors has realigned some of its funds as part of a string of moves aimed at boosting portfolio returns.

In a news release, the Madison, Wisconsin-based firm said it also made changes in its investment management strategy and recruited new fund managers to its lineup.

"Our goal is to provide a strong, competitive fund family," said David Marks, president of Members Capital Advisors and chief investment officer of CUNA Mutual Group.

To reflect the realignment, the Capital Appreciation Fund now bears the name Large Cap Growth Fund, the Growth and Income Fund is now Large Cap Value Fund, the Mid Cap Fund is now Mid Cap Value Fund, and the Multi Cap Growth Fund is now Mid Cap Growth Fund.

"Together, the funds offer exposure to the full Morningstar-style box," Marks said.

The changes took effect Tuesday, according to a company spokesperson.

The names of the five remaining funds in the firm’s nine-fund roster remain unchanged.

Company officials said fund managers have been realigned to enhance responsibility and accountability for each portfolio. From a team approach, the firm has moved towards a single portfolio manager strategy.

Larry Halverson, CFA, senior vice president of Members Capital Advisors, said the firm has added five fund managers over the last 18 months, two of whom came onboard in the last two months. 

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