Yep, I get that. But, we have to give them a nod for what they've done so far. They sure got it right ... six years worth.
Four MFO Great Owls (all those older than 3 years). Four on MFO Honor Roll (all older than five years).
They are top quintile in both absolute and risk adjusted return; in fact, three rank #1 in absolute return and one ranks #2 in their respective categories.
Waxed peers by double digits ... per year!
ARKW has delivered 43.1% annualized for the past 6.2 years ... with only 18% drawdown. That level of compounded return is an incredible number!
Here's table of four oldest funds since launch through November.

@msf. agreed- Several great ideas ! ( thanks ) and I think it has gotten a bit confusing because....
1. I asked to consider a "global blend manager" in the hopes that might put the decision making between Value & growth in the hands of the manager. Perhaps that is not the smartest way to gain the exposure that I think I need. As I stated in the opening post - it has been a long wait for the value proposition to kick in. I welcome your comments on the issue of Value vs. Growth at this time
Here are my priorities
2. I am willing to give up on the upside for protection on the downside - so I have been looking at the Sharpe and Martin Ratio, and Max DD in the MFO screener. Is there better process for evaluating the risk ?
3. EM was only referred to because I stated that I was moving on to researching small/mid and EM next/separately - I am not screening it as an alt to TBGVX.
TBGVX is 68% Western Europe 13% U.S (that slug of US probably helped the performance vs. a strict Foreign only fund - ARTKX has outperformed in 1/3/5 years, but as you point out has had steeper MAXDD in 2011 and 2018.
I am already holding MINIX, TBGVX (in a 401k that I did not sell), DFALX that I can't sell due to cap gains in it.
does that add clarity ? Your advice is welcome.

People are offering many good fund names. Though they are all over the map, e.g. global, growth (notably Morgan Stanley), EM. High risk, low risk. More clarity on what you're interested in would help.
For example, you are sick of waiting on value, but you're not sure if you want to bail on it totally. You put your five star fund(!) up against an index fund in a different category (foreign large cap blend).
There are only five foreign LCV retail funds that have posted better performance than VEA over the past 1, 3, or 5 years: FIINX, EPDPX, EPIVX, KGIRX, VTRIX. Something has to give: commitment to value or a sense of what constitutes "decent" returns.
Or perhaps it's the demand for low risk that needs to be relaxed. When a fund earns five stars, it's because of risk adjusted performance. That can be achieved either through earning outstanding returns, offering a lot of protection, or a balance of the two. TBGVX's returns have been "only" above average and average, respectively, over the past three and five years. But it still earned 5 stars over three years and 4 stars over five because its risk as calculated by M* was low.
VTRIX is one of the half dozen high performing FLV funds listed above. However, to achieve that it took on more risk - "average" per M*. You can see how the risk played out. Each year in the past decade when it lost money (2011, 2014, 2015, 2018) TBGVX out performed it by 5%-10%.
Note that M* risk is very different from max drawdown. If low drawdown is your sine qua non of risk management, then throw the star ratings out the window, because it barely registers in the calculation.
FWIW, between 10/31/2007 and 3/9/2009, TBGVX lost "only" 50.5%, compared to VTRIX's loss of 59.3%, and VTMGX's loss of 60.6%. (The VEA share class doesn't go back that far.)

@newgirl: in your list of possible international/global funds, you have several MS offerings managed by Kristian Heugh. I am very high on him and own MGGPX. For EM, I like ARTYX. I have previously opined here that global funds do the job of giving me the international exposure I want without having to screen for international funds. Believe me, I have owned the usual suspects over the years from Harbor, FMI, Marsico, etc. Nowadays, it’s global LC and a couple of SMID international such as BCSVX. Artisan and Baron also have some worthwhile global growth funds.

If over 55 years of age I would probably chose Vanguard Wellesley even though dealing with Vanguard has become an unpleasant experience. But then I wouldn't invest in only one fund.

@LewisBraham- I took note of QUSOX after your earlier comment on anther thread.
It is categorized as small/Midcap even has a small slug of micro in there - which might be of interest for a smaller allocation.
I have not compared it to other strict small Mid cap funds yet. I have been concentrating on Large or Multicap managers. ARTKX is interesting - It had less of a drawdown this year than TBGVX - and over performed . Weirdly it underperformed the pure Value fund ARTGX in several years.
It's on my dashboard. Waiting for an opportune time to invest some cash ( like the rest of the world)
Thanks ! your posts have always been very informative

I know this is sorta a ridiculous question, but I was able to increase the money into my Roth using a conversion. As I hopefully will not have to touch this, I am mulling over the best fund(s) for it. I am partial to actively manged funds, but want to avoid funds I will have to deal with the only lead manger changing or loosing it ( ie Fairholm etc) or loosing their touch (Vanguard Health Care comes to mind)
However, I also think that funds run by a committee or a computer rarely do well long term.
If things were cheaper it would easier, but I thought I would see what people think. Over the years I have had great success with BPTRX ( Ron Baron has done a great job, but is over 70 and bringing his kids into business. This gives me pause)
POLRX is another of my winners, although rather US centric.
One day the growth bias will change, but it is hard to see when if debt levels stay so high and GDP growth is constrained as a result. Firms with good growth prospects will prosper, although their valuations are very rich currently.

I also gave up on the boys at Tweedy several years ago. Their yearly reports are well worth reading but as they continue to under preform I decided that they were stuck in a rut
The beginning of the end started when they sold the firm to a manager, reaping millions themselves. When confronted about the reasons they said it was for "estate planning" although at least one of them is unmarried and childless. Snide comments in the article said he was planning for the cat's estate

PRCNX lands in Morningstar's Foreign Large Blend category although its investment style was classified as Foreign Large Value in 2019 and 2020. The fund's trailing 3 Yr. and 5 Yr. returns were average while its risk was below average (according to M*).
The lead manager, Federico Santilli, has also steered RPICX (PRCNX clone) since 07-27-10.
Since inception, RPICX annual returns have been top-quartile in six out of nine calendar years.
The fund's trailing 10 Yr. return was top decile while its risk was low (according to M*).
Here's a snippet of William Rocco's (M*) take on PRCNX published on 11-25-20.
Santilli pursues compellingly priced companies with superior
competitive positions in attractive industries, strong
fundamentals, solid balance sheets, and proven
leadership. While doing so, he invests across the
market-cap and style spectrums, readily allows his
stock selection to lead to atypical country and sector
exposures, and invests in roughly 60-70 stocks while
keeping the largest positions moderate in size. This
approach is sound and distinctive and has an attractive
mix of bolder and tamer traits that provide this fund
with a fighting chance of outperformance without
taking on excessive risk.

I got out of TBGVX many years ago, but that's when it was riding high and hot.
GGSOX Limited history here. "Smid" fund.
FIEUX Europe
...Still ironing-out the Brexit. Once that's in the rearview mirror, I think both UK and the continent might do very well, in reaction. And then there's the Covid stimulus.
FWWFX Worldwide large stocks.
RPGAX Global Allocation, includes bonds.
PRGSX Global Stocks. Right now, it's about 50/50 foreign and domestic.
Almost all my stuff is with TRP, but I don't own these.

Have been in and out of Wasatch funds for years, and entered WAGTX this past summer based on its performance and Wasatch lineage. Has not disappointed. As I have also been pleased with positions in WAMCX and WMICX, will monitor the Seven Canyons product initially to observe level of duplication of securities already in WAGTX (if I maintain).

Great fund. 8% of my own portfolio. Up 11.35% over 10 years. But it's a CLOSED fund. That won't help anyone who wants to GET IN. ..... The switch does not appear to be sudden. That, at least, is reassuring.

That is how these money managers own many yachts. M* sticked with Bruce B. for many years up till 2008. The flip side is to own index funds instead or pay diligent on active managed funds.

This entertaining to say the least. Didn't Bruce also tank on Wash Mutual? As I remember he lost millions but refused to concede.
Joins a long list of mangers who start believing themselves to be omnificent and won't listen to reason or sensible portfolio management principles
Add to the list of star funds that crash SEQUX and valaent pharm
LLPFX Disappointing for years. Now top position good old Century Link "These results call to mind other cases in which the fund's highest-conviction holdings have not worked out, such as with Dell DELL and Chesapeake Energy CHK." M*
The bottom line is beware concentrated portfolios, especially when all the stocks are in the same general sector or type of security.
I would be very careful of any fund with a single position larger than 3 to 5%
FAIRX has three stocks now
Why do you need an ER of 1 plus % and dozens of analysts to track 15 positions?

https://www.sec.gov/Archives/edgar/data/1440930/000174177320003676/c497.htm
497 1 c497.htm
T. Rowe Price Global Real Estate Fund
Supplement to Prospectus Dated May 1, 2020
In section 1, the portfolio manager table under “Management” is supplemented as follows:
Effective April 1, 2021, Jai Kapadia will become portfolio manager and Chair of the fund’s Investment Advisory Committee and Nina Jones will transition from her role as portfolio manager and Chair of the fund’s Investment Advisory Committee. Mr. Kapadia joined T. Rowe Price in 2011.
In section 2, the disclosure under “Portfolio Management” is supplemented as follows:
Effective April 1, 2021, Jai Kapadia will become portfolio manager and Chair of the fund’s Investment Advisory Committee and Nina Jones will transition from her role as portfolio manager and Chair of the fund’s Investment Advisory Committee. Mr. Kapadia joined T. Rowe Price in 2011 and his investment experience dates from 2004. During the past five years, Mr. Kapadia served as a member of the fund’s Investment Advisory Committee responsible for selecting the fund’s investments in the Asia-Pacific region (beginning 2019) and previously, as an analyst and associate director of research in the Equity Research Group of T. Rowe Price in Hong Kong, covering Asian conglomerates, real estate and Indian pharmaceuticals.
The date of this supplement is December 21, 2020.
F173-041 12/21/20

I haven't heard much about Ken Heebner in years.
He was a real "cowboy" investment manager back in the day.
The trailing returns for the CGM Focus Fund occupy the bottom percentile (100) in the Large Blend category for the 1,3,5,10, and 15 year periods ending 12-18-2020.
The fund's standard deviation is also considerably higher than that of its category peers.

From M* support
“Hope you are doing well.
I apologize for the wrong choice of words.
What I meant was that the issue you highlighted as effected all Morningstar users.
As informed this is been taken has a high priority case .
Best regards,”

Timely support for Morningstar products is seriously lacking.
I use their Portfolio X-Ray Tool via my public library system.
The following email was sent to Morningstar support on November 15:
Access to Morningstar Investment Research Center is provided by KCLS.
After holdings are added to Instant X-Ray, the Overview screen is displayed which is normal behavior.
However, the other screen views (Interpreter, Intersection, Asset Class, etc.) are inaccessible.
A pop-up window is displayed to 'Create your account' when clicking these tabs.
I have used Instant X-Ray via KCLS for years and first noticed this issue approximately 2 weeks ago.
Thank you in advance for your assistance.
Morningstar support response:
I hope all is well. The X-Ray tool is broken.
The login prompt you get when you are using the X-Ray tool is glitch.
We do not have a timeline for fixing this. The products team is hoping before the end of the year. We will reach out to all libraries once this is resolved. Thanks, for your patience and I apologize for the inconvenience.

the Category (Foreign Stock Funds):
Yowza! Dramatically different returns for both "Gold" funds in the same M* category.

MSF for our discussion purposes...my DODFX data was from the December edition of Morningstar Fund Investor magazine (dated 12/20/20).

Therein lies the problem. While a variety of foreign stock categories are grouped together under the rubric "Foreign Stock" on page 38 (pdf p. 40), M* does not call that a category.
Read a little more closely. The DODFX line (it's the 11th fund in this grouping) has the notation FV. Likewise, the VWIGX line (39th in the grouping) has the notation FG.
There's a key at the bottom of the page. On the right hand side is something called Categories (bold font in original). Two of the categories given are:
FG Foreign–Large Growth
FV Foreign–Large Value
If all the funds under "Foreign Stock" were in the same "category", then how could Phaeacian Accent International Value Ins PPIVX have a lower three year return than VWIGX ( 8.1% vs. 20.2%) yet have a higher three year return category rating: top 1% vs. 4th percentile? That's all from the same page 38. The answer is simply that they're in different categories.
Perhaps this web page will help:

In the United States, Morningstar supports 64 categories, which map into four broad asset classes (U.S. Stock, International Stock, Taxable Bond, and Municipal Bond). ...
International Stock
Equity funds with 40% or more of their equity holdings in foreign stocks (on average over three years) are placed in the international stock class. These categories include:
Foreign Large Value
Foreign Large Blend
Foreign Large Growth
Foreign Small/Mid Value
Foreign Small/Mid Blend
Foreign Small/Mid Growth
World Stock
Diversified Emerging Markets
Diversified Pacific/Asia
Europe Stock
Latin America Stock
Pacific/Asia ex. Japan Stock
China Region
India Equity
Japan Stock

http://awgmain.morningstar.com/webhelp/glossary_definitions/mutual_fund/glossary_mf_ce_Morningstar_Category.html
"Gold" rated apples are not all "gold."
"Gold" rated apples are "gold". "Gold" rated oranges are "gold". Don't confuse apples with oranges.

I have spent a great deal of time thru the years analyzing FAIRX. The only real conclusion I have drawn is that it is just too hard.

By March of 2009, Miller's flagship had drawn down about 80 percent. He only drew down half that 11 years later. How does he get the new capital to take advantage?

That is a sure way to fund his yacht while his investors stay poor. Glad I never invest with Bill Miller. He still paddles his investment view on WealthTrack.