Yes K-1's are more work but I have been using Turbo Tax for years and it handles K-1's like waffles handle maple syrup. Zero problems or issues.

@MikeM: I assume you will receive a K-1 form from DB for the 2021 tax year. I do my own taxes, so I’m curious.
I subscribe to a stock picking newsletter that has been advocating for DBA and DBC over the last few years. It has turned out be be good advice, but only since the beginning of 2021. You appear to have gotten in at the right moment.

@shipwreckedandalone et al
A lot of data points at the below link, which hasn't been posted for years at MFO. Clickable internal links at the site for other data. EXAMPLE: top right corner has debt clock time machine that may be selected for other year dates. Other data may be hovered upon to see source, etc. Note: all data presumed accurate.
U.S. debt clock realtime

Yes it does. In the worst case scenario....rates rise substantially...and buyers of long term debt come to believe their principal may not be returned in 30 years due to already bloated debt levels ....thus they seek higher safety. Last I checked Fed Debt = $230,000 for each US taxpayer plus interest.

Not much as most everyone knows. I reviewed my TIAA account and was surprised to find that the only fund available to me (including the MMF) that is up YTD is Real Estate. Not only is it up about 1.64% YTD, but it clocked +17.8% for the past year. Two years ago my advisor had me dump my modest holding on the assumption that urban RE would suffer permanent damage from the pandemic.
A quick look at mainstream RE ETFs revealed -8 to -10% losses YTD. QREARX is an interval fund and I believe many of its holdings are commercial properties that TIAA itself owns in part or in whole. Anyone here with RE funds that are up?

Also, fiscal years can have any starting and ending date. But if one hitches one's horse to a calendar year, then one is stuck with, well, the calendar year. So the latter half semiannual (calendar) 2021 would thus cover July-Dec 2021.
Like in this year & day, why can't this be published by 01/01/2022
Complain to the SEC. Generally these forms are due in paper form 60 days after the end of the periods they cover:

Form N-30D and N-CSR due to be printed and mailed 60 days following the end of each half-year by investment companies; the EDGAR filing is due 10 days after the actual mailing date
Form N-Q due 60 days after 1st and 3rd fiscal quarter-end

https://www.broadridge.com/resource/corporate-issuer/edgar-filing-calendar?

Dan Price, CEO and founder of credit card processing company Gravity Payments:
Coca-Cola: there's nothing we can do, we have to raise prices.
Also Coca-Cola: our profit is up 65% in a year, we spent $68 billion on dividends / stock buybacks in a decade, laid off 12% of staff in the pandemic and CEO pay went up 70% in 2 years to $18.7M.
Granularity, and possible decreasing rate:
https://www.bls.gov/news.release/pdf/cpi.pdf

@sma3: I had a similar experience when I'd had enough and was leaving V. for Fidelity, ~ 8 years ago. Like Sven said, It was an admiral shares fund that caused the problem and held up the transfer. Took days and days and more than a few calls, but I finally got out of there with the cash after selling the fund.
(To be clear, the problem wasn't the fund transfer itself, it was how long the account was frozen, and how CSRs said it'd be fixed tomorrow or the next day as the days dragged on.)
Thankfully that was the final act of the Vanguard drama for me.

Historically Harbor uses good subadvisors (for institutional investors) and changes them when necessary. Noticed that Harbor replaced an subadvisor, PIMCO on their Harbor Bond (Bill Gross used to run this fund since 90’s and left several years ago). This move could be good to retail investors who are seeking active managed stock funds.

Royce has had a handful of good funds, but more than a handful of moves demonstrating their inability to act as true fiduciaries. I've documented some of them here from time to time. The first I noticed was several years ago when in their annual report they selectively decided to drop (vs include) performance figures and upside/downside (etc.) capture metrics for some funds.
But more to your point: how will Royce ever manage -- isn't Chuck a manager on, like, oh, 38 of their funds or something?

I've transferred numerous funds from E-Trade, Ally, and JP Morgan Direct Invest to Fidelity via ACAT and haven't provided a screenshot of an account statement in the last 5 years. Vanguard still requires account statements from the other brokerage, which is 1 reason I no longer transfer mutual funds to them ! If I have to, I transfer cash to Vanguard and buy the fund there.

Uh-huh. That's a lead (or lede) sentence in a CityWire story announcing Chuck Royce's decision, at 82, to hand over management responsibilities for Royce Premier.
He'll still be a portfolio manager, of course, he will just "rotate" so that he's no longer a "lead" portfolio manager. Following the move, he'll remain a manager of some sort on eight funds.
I'm struck by the delicacy of the Royce press release wording and by the ability of the CityWire writer to declare that Mr. Royce has ten years of experience: he's been with this fund since '92 (30 years), founded the firm in '72 (50 years) and earned his MBA in '63 (nearly - checking fingers and toes here - 60 years).
For what interest it holds.

@Lewis
I know you're using the toll road fees as an analogy but this analogy is applicable to passively managed like funds only, not actively managed funds.
The other metric of a 1.50% ER fund being 50 times better than a 0.03% ER fund isn't applicable either imo.
What matters I believe is after fee performance (after accounting for risk, category etc..)
If one has access to a crystal ball that can see 10 years and the following were the choices what would most people pick?
Fund A 10Y performance 5%, fees 0.03%
Fund B 10Y performance 10%, fees 1.50%
For a starting balance of $10K, after 10Y Fund A balance will be $16,242 and Fund B balance will be $22,609
Note that I'm not arguing for or against passive investing, just the math of expenses and compounding
As a personal aside, for more than 15 years I had hard cutoffs for ER, I would look at any fund that exceeded my thresholds but I now believe that is an error and that some fund managers do indeed earn and overcome expense drag.

@staycalm https://google.com/amp/s/www.marketwatch.com/amp/story/widely-followed-risk-return-measure-for-stock-portfolios-is-debunked-after-55-years-2019-08-07

@larryB, roger re lack of sense and perspective
@rono, this might help; doubt it, but might:
https://www.bu.edu/eci/files/2019/10/Principles_2e_Ch31.pdf

Most economists use the rule of thumb that as long as the rate of increase in government’s debt is not significantly greater than that of GDP for several years in a row it does not represent a severe problem for the economy.
etc.

Thinking gets a bit muddled with advancing years. Caution looms. 2007-2009 was a “hoot” for many of us. Those under 60 or 65 at the time made out very well in the end, buying in at lower prices or (in my own case) converting a substantial sum to a Roth. Alas, “Father Time …. You can’t buy down like you did 10-15 years ago. Losses sting more.
Good thread. Thanks for all who contribute.
The markets? Hell … I don’t know. My guess is there are both bargains and trap-doors out there. Spread it around. Don’t buy what’s been hot. Consider foreign markets. Maintain a buffer in cash or short duration fixed income. Personally, I’m wary enough to maintain a small counter-position in TAIL - lending some credence to @rono’s concerns.

Historically, VG has quietly changed external advisors or their allocations, but it famously did high profile firing of GMO and AllianceBernstein. I don't think VG needs so many external advisors (now 6 for Explorer) to keep them on their toes and 2-3 should be enough for that.
VG also did high profile firing of indexer MSCI in favor of unknown CRSP almost 10+ years ago.

@hank - how's your stake in PRPFX holding up?

PRPFX? Not bad. Off 3.7% YTD. Up an average of 8.5% over 5 years. It’s quite diversified, but gold, silver & miners have the greatest impact because they’re so volatile. Exposure to the Swiss Franc has hurt a bit. Helped by natural resources. Hurt by stocks & bonds. After transferring it to Fido I shaved off 30+% to allocate the $$ elsewhere. Probably worked for the better. It’s a hard fit for a portfolio. I keep it as 1 of 4 alternative funds. All total they comprise 30%.
I don’t mind volatility in some assets if I understand the rationale. With PSMM it’s the downside emanating, I think, from fixed income that has me concerned. Bonds may best be described today as “Return free risk.”
Here’s PRPFX’s chart from Lipper.

Thanks @MrRuffles. You aren’t confused. I was. I’ve lost track of the years. Checking the App store, the DejaOffice program was purchased in July 2011. It updates frequently of course. So have used it more like 11 or 12 years.
It’s hard to imagine life before ipads and iphones. I remember buying something produced by Dell maybe 20 years ago that fit in a shirt pocket and stored contact information. No phone function. Used to actually “wow” some people when I’d whip it out to look up a phone number, flight information or other stuff.
And my 5th generation ipad is running IOS 15.2.1 With automatic updates which load overnight I pay no attention. Probably should. No. Not planning to reach out to anyone at this time. I ran a test this morning and was able to save the files to DropBox and than retrieve them on a different device. And, as I suspect you know, all the contents of ipads (including files) can be backed up to Apple’s cloud. But if necessary, I will reach out.
I see 2 possibilities here (1) It’s a software glitch that will clear up in time or (2) Apple notified developers of the change months back - because I first noticed the “Drop Box” backup option in the Deja App only a month or two ago. They may have added it in anticipation of the change, There’s also the possibility that using an email other than icloud would work. But that’s a last resort because most of them scan your email. I’d rather trust Apple with my trove of data.
PS - There appears to be a “contact us” option inside the Deja app. If I run into any issues I’ll contact them. This has been an extremely reliable app.