@FD1000; I'm guessing you bought in around 3/25/20 ?
Derf

MaxFunds is too generic instead of looking at risk/reward as the best measure of funds. MFO is a fantastic source too.
Easy example: VWENX(98 by MF) vs PRWCX(83 by MF) in the last 10 years (link)
VWENX has a bit lower SD but PRWCX is beter for the following: performance was at 2+% annually, Worse+Best year, Sharpe+Sortino.
===============
What are my 5 or 6 largest holdings?
As a trader I use only 2-3 funds and now I have a big % in IOFIX and smaller % in JASVX+NHMAX. I could change it any week or stay with it for weeks.

Good morning @hank : "One thing I like at Max Funds is the maximum 1-year loss they envision. Worst case scenario for sure. Where it’s helpful to me is in looking for / comparing relatively ”safe” funds to meet a certain portfolio need. "
Is there facts as to how close they come to ringing that bell, so to speak ? Is there a look back section ?
Stay Safe, Derf

@Gary1952: I’ve ferreted out for you the essential points in the Mester quotation. Here’s what she said:
Mester’s Overarching Thesis: “Opportunity and inclusion are important for achieving a strong economy”
How Mester thinks the “policymakers” can assist in meeting the need implicit in her thesis:
1. Increasing access to high-quality education.
2. Helping all households gain access to high speed internet.
3. Eliminating systemic inequities in access to credit and financial services.
Do you disagree with Mester’s thesis or with one of her three recommendations? I’m confused. I did not take her suggestion for “increasing access to high quality education“ as an indictment of our secondary schools. I thought she was referring to some kind of post-secondary assistance (subsidies, grants, scholarships, direct aid to universities, etc.) so kids from less well-off familires could enjoy the same high quality post-secondary education that kids from wealthier families do. Her second recommendation (access to high speed internet), however, is intrinsically linked to quality of education across all levels - including K-12.
In today’s modern economy, without some form of post-secondary education kids are at a severe disadvantage (and Mester sees this impacting American competitiveness globally). Post-secondary education need not be college, but study after study has confirmed that lifetime earnings correspond closely with years of college completed. And college is expensive. “... the average cost of college for the 2017–2018 school year was $20,770 for public schools (in-state) and $46,950 for nonprofit private schools, only including tuition, fees, and room and board.” Source
So, to your point, I saw nothing in Mester’s speech about “bad teachers” or mandatory school attendance laws not being enforced. Seems to me you tossed out some dubious red herrings to distract attention away from what she really said.

@Gary1952
My home town, the history that places your question into the real world.
https://hechingerreport.org/anonymous-town-model-desegregation-civil-rights-era/

MaxFunds tends to low-ball funds. Seems to me they base a lot of their subjective judgment on fund expenses. They’ve never deterred me from owning a fund. But if I’m trying to decide between 2 that appear very similar, I’ll defer to their opinion. Re AKREX, I expected that there’d be a negative rating on their “hot money” gage, but there doesn’t seem to be. But they do see bloat as a concern.
One thing I like at Max Funds is the maximum 1-year loss they envision. Worst case scenario for sure. Where it’s helpful to me is in looking for / comparing relatively ”safe” funds to meet a certain portfolio need.

While I'm a fan of using standardized periods (e.g. calendar years) for comparing funds because it prevents cherry picking, when it comes to looking at one fund's performance cherry picking may be what one wants. For example, one disregards year (and often month) boundaries when looking at max drawdowns.
With that in mind, AKREX lost 9½% in the year spanning Feb 11, 2015 to Feb 11, 2016 roughly matching the S&P 500. FWIW, CPOAX lost 16¾% over the same 365 days.
M* chart.
Also, as I've said before, an unusually hot (or cold) few months for a fund can make not only its past year performance look great (or lousy), but can also skew 3, 5, and sometimes even 10 year figures.
For example, if we back up just six months, and look at the ten year period between March 19, 2010 and March 18, 2020, we see that AKREX outperformed CPOAX. Similar result if we stick to calendar years (2010-2019). The 10 year comparison is skewed by a few months of hot performance by CPOAX.
M* 10 year chart (ending March 18, 2020; cherry picked to filter out impact of latest hot streak)
M* 10 year chart (2010-2019)

https://www.sec.gov/Archives/edgar/data/106830/000168386320013496/f6993d1.htm
497 1 f6993d1.htm VANGUARD CASH RESERVES FEDERAL MONEY MARKET 497
 
Vanguard Cash Reserves Federal Money Market Fund
Supplement Dated September 29, 2020, to the Prospectus and Summary Prospectus Dated December 20, 2019 (as supplemented September 29, 2020)
Effective immediately, Investor Shares of Vanguard Cash Reserves Federal Money Market Fund (formerly known as Vanguard Prime Money Market Fund) are closed to new investors. The Fund’s Investor Shares will remain open to existing investors. You may convert your Investor Shares of the Fund to Admiral Shares at any time by contacting Vanguard.
It is anticipated that all of the Fund’s outstanding Investor Shares will be automatically converted to Admiral Shares beginning in the fourth quarter of 2020 and continuing through 2021. Once all outstanding shares are converted, the Investor share class will be eliminated.
  © 2020 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.PS 030H 092020

@Observant1: Vanguard required the medallion signature ? I transferred two accounts a few years back & no M.S. needed. Things do change !
Stay Safe , Derf

I like MaxFunds, and it's one of my go to resources. The problem here is that AKREX is being compared to funds that are riding 80% plus gains ytd on the backs of shopify, zoom and the like. That usually ends very badly. I'll take my "average" of plus 17%/year over the last decade with no down years and an SD under 12 for AKREX as compared to say CPOAX -- yes it has a 10 year average of 22.8, but with an SD 0f 19.51, including two down years. It does wonders when a fund is up 85% ytd!

- http://www.maxfunds.com/funds/data.php?ticker=AKREX&pg=d
- https://www.latimes.com/archives/la-xpm-2000-jul-11-fi-51124-story.html

All of the quick departures are alarming. I'm babysitting some money for someone else, and part of it --- 10% of their total--- is in MAPIX. So far, its fund managers remain at the helm. I've re-read the M* analysis of the fund, dated in August. They love it. Best thing since sliced bread! Should we remain, or clear out? I'm pretty impressed by the numbers, too...

+1.

“Opportunity and inclusion are important for achieving a strong economy ... Policymakers can improve economic mobility by increasing access to high-quality education, helping all households gain access to high speed internet and eliminating systemic inequities in access to credit and financial services” Mester said. Story
Duh.
No disrespect to Mester. Just find it incredible that this needed to be said at all or that it took a Fed Reserve official saying it to make news. It would seem so damned obvious. Relates back to the recent Ray Dalio thread in some ways.

Hi @wxman123,
AKREX, very concerned about valuation, price to sales of top holdings such as V and MA. While the fund obviously has done great, I'm not convinced that it will remain so when the Fed Reserve take the foot of the gas
Fund doesn't do much selling and I'm looking for a fund that might be more apt to buy/sell, be more nimble going forward especially if I am looking for an active fund mgmt and not "passive" indexing. Saw an interview and they asked Akre about valuations and when he would sell and basically he said never, stock would grow into its valuation, well maybe yes but maybe no.
We'll see what happens.
Good Luck / Best Regards,
Baseball_Fan

Thanks, not sure I see the issue but appreciate the explanation. If I could have only one stock fund AKREX would be it. Never a down year. Amazing 10 year sharp ratio and standard deviation. Up on average over 17%/yr for past 10 years and didn't get there by being up 80% this year. I also see that the fund picked up 3 new positions in 2020 in its highly concentrated 20 stock portfolio. This fund should not be compared to ARKW or other high flyers, though there is a place for those over time.

Or it maybe time to sell ?!
Stay Safe, Derf

Not a bad idea. Seems many others have been doing that as well. I just checked Morningstar. Matthews has had -$4bn of net outflows from their funds through 8 months ended 8/31/2020 YTD. That's quite significant since the firm only manages $24bn total. Perhaps investors had a sense of some of the issues before this announcement? This news will obviously not help things.

Answer: If you invest $750 every month for 20 years at a 7% return, it will be worth $390,712.50 https://www.saving.org/regular-savings/750/month
See also: $750 in 1955 is worth $7,273.82 today https://www.in2013dollars.com/us/inflation/1955?amount=750

The following is more impressive.
If investor A saved $1000 a month for 10 years at 8% annually from the age of 25 to 35 and stopped. The money is still invested for another 30 years at 8% annually without additional savings.
Investor B started at age 35 and save $1000 a month for 30 years at 8% annually. After 40 years Investor A (about 1.8+ million) will have more money than investor B (about 1.49 million)
It's the power of starting early + compounding.

https://www.sec.gov/Archives/edgar/data/809586/000110465920109266/tm2031929-1_497.htm
497 1 tm2031929-1_497.htm 497
HEARTLAND GROUP, INC.
Heartland Select Value Fund
Investor (HRSVX)
Institutional (HNSVX)
Supplement dated September 28, 2020 to the
Prospectus and Statement of Additional Information, each dated May 1, 2020,
as supplemented
On September 28, 2020, the shareholders of the Heartland Select Value Fund (the “Select Value Fund”), a series of Heartland Group, Inc. (the “Company”), approved the reorganization of the Select Value Fund into the Heartland Mid Cap Value Fund (the “Mid Cap Value Fund”), also a series of the Company (the “Reorganization”).
At the time of the Reorganization, shareholders of the Select Value Fund will become shareholders of the Mid Cap Value Fund, receiving shares of the applicable class of the Mid Cap Value Fund equal in value to the corresponding class of shares of the Select Value Fund held immediately prior to the Reorganization. After the Reorganization is complete, the Select Value Fund will be liquidated. The Reorganization is intended to qualify as a tax-free transaction for federal income tax purposes.
The Reorganization is expected to close on or about October 19, 2020.
Purchases with respect to the Select Value Fund will be permitted through the close of business on October 16, 2020.
This Supplement should be retained with your Prospectus
and Statement of Additional Information for future reference.
The date of this Supplement is September 28, 2020

I used my HP-12C calculator. I came up with $390,694.99 or $390,695 when rounded but it is close enough. It just proves the value of money over time contingent on the rate of return.

Answer: If you invest $750 every month for 20 years at a 7% return, it will be worth $390,712.50 https://www.saving.org/regular-savings/750/month
See also: $750 in 1955 is worth $7,273.82 today https://www.in2013dollars.com/us/inflation/1955?amount=750