This fund appears to be a short term core plus fund, if not a multisector fund:

The fund may invest up to 35% of its net assets in corporate bonds, bank loans, and other debt instruments that are rated below investment grade (below BBB-, or an equivalent rating), commonly known as high yield instruments, by each of the rating agencies that have assigned a rating to the security or, if unrated, deemed by T. Rowe Price to be below investment grade. The fund may invest in securities issued by both U.S. and non-U.S. issuers, including issuers in emerging market countries.

Contrast that with PRWBX's prospectus:

The fund will only purchase securities that are rated within one of the four highest credit categories at the time of purchase by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price

yeah
https://media.bespokepremium.com/uploads/2020/02/021820-Presidents.png

Hi sir @_Derf
Having reviewed article again, think many folks have misconceptions regarding taxations and 401k. These vehicles are still effective if you continue to contribute right amount and limit future taxation. Whether this may hold we don't really know. But having roth-ira and using tdf/bonds/mf vehicles maybe some of best ways to save moderate amounts of future taxation while generating good incomes...
we do have all these in our sep-ira [bonds and vanguard_2045]. Hope these are right approaches.
We still don't know if our 401k may face increased taxation next year [or maybe just vague news to misconstrue presidential candidate]

I remember discussions about datelining on the FundVision site in the late 1990's involving JAOSX and other international funds.

Here's a taste dating back to 2001:
web.archive.org/web/20011205080443/http://64.45.57.12/wwwboard/wwwboard.html

Thanks @bee. I would never in a million years remembered till I saw it in your link. Back in those days I was Dateliner. Those were the days and datelining was the closest thing ever to a free lunch on Wall Street.

In a similar vein, here are a couple excerpts from something I just read:

"It seems like we have dodged a bullet, yet a look under the surface reveals a much sicker market....the S&P 500 is still down 1.88%, but TPA's BIGTECH Index (the top 8 stock in the NASDAQ 100 by market cap) is up an astonishing 48.99% year to date (YTD)....these 8 stocks represent $8 trillion in market cap, which is 29% of the market cap of the S&P 500 ($27.3 trillion). TPA ran the numbers to see just what effect these 8 stocks have had on an index of 500 stocks. The BIGTECH effect has been to add 8.71% of performance to the S&P 500 YTD.

From: This Is Nuts... Again. Reducing Risk As Tech Goes 1999
https://seekingalpha.com/article/4357982-this-is-nuts-again-reducing-risk-tech-goes-1999?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-this-is-nuts-again-reducing-risk-as-tech-goes-1999&utm_campaign=nl-must-read&utm_content=link-0

Here's a taste dating back to 2001:
web.archive.org/web/20011205080443/http://64.45.57.12/wwwboard/wwwboard.html

@davidrmoran - why the harsh tone? It's the best performing ETF's of 2020, and not the one's who have best since March 1st. I don't follow best performing lists as a rule but some do. It's also possible that many folks who drop by MFO are interested in ETF's. For what it's worth I happen tp own one os those on that list but picked it up before March 1st. Post something you like to talk about why don't you. Then you won't have to read posts you don't like.

https://www.investors.com/etfs-and-funds/retirement/retirement-planning-401k-critics-right/
Are Critics Right? Is It Time To Dump Your 401(k) Account?
/PAUL KATZEFF 08:00 AM ET 07/13/2020
Critics, including some high-profile celebrity talking heads, are bashing 401(k) accounts. They claim 401(k)s are riddled with flaws and will burn you later. Are they right? Are you sabotaging your retirement planning by stashing money inside those popular workplace retirement savings plans?/
Put in Roth or sepira ./tdf..
We did both sep ira and tdf

http://mobile.royalgazette.com/bryan-dooley/article/20200713/whats-next-after-market-surge&template=mobileart
What’s next after market surge?
Jul 13, 2020 at 11:02 am
Bouncing back: stock markets including the New York Stock Exchange rebounded strongly during the second quarter
Due largely to unprecedented government stimulus programmes, global markets recovered strongly in the second quarter. The S&P 500 gained 20.54 per cent while the MSCI World Index recovered 19.57 per cent, marking the best quarterly performance is 1998. Initial gains in the consumer staples and healthcare sectors were followed by a recovery in consumer discretionary stocks. Meanwhile, information technology remained a bright spot as the Nasdaq touched a new all-time high.
Got article from friend.
Reasonable assumptions and input regarding current market conditions...maybe good to consider adding to health care and biotechnology & tech for near future and intermediate longer terms

+1 @sma3, Nice analysis.
I disagree a tad bit. Near-term the whole process could be messy and roil markets as it unfolds. Speculators playing that potential (perhaps months of uncertainty, heated rhetoric, court hearings, media hyper-ventilation) might ride some horses higher (gold for example). Longer term things should settle back down. Nothing I’d recommend investors act on. But, in reality, there are a great many frequent traders vying with the algorithms to make a fast buck - including some here.
In recent days Bloomberg TV has interviewed 2 or 3 money managers who have espoused the thesis Larry voiced. True to form, the network talking heads are now beginning to weave that theme into their daily commentary. Expect it to become dominant well before November. It’s a game played to try and hold viewer interest. After all, what’s the attraction of staring dumbly at a bunch of numbers on the screen all day? Bloomberg has some nice looking anchors - but hardly enough to hold your attention for hours on end.

+1 Now that is part of why I came and didn't leave. Slow method to learn words but learn them I do.

All rather useless speculation and panic. Having known many high ranking military folks ( Colonel and above), I am confident that they love their country and the democracy and while they will tell you they will follow "legitimate" Presidential orders, when Trump looses, they will not follow his orders after 12:01 January 20th
Espey's recent comments and extreme reluctance to get involved int he protests shows that even Trump loyalists see to have a higher standard than "Donald told me to do it"
I think that is why Roberts has been such a centrist and so carefully crafted compromise 7-2 opinions recently rather than 5-4. He knows the Court's credibility is at stake and once it looses the confidence of the public nothing it does anymore matters.

Actually, it was misc.invest.mutual-funds. (For decades now 100% spam, 100% of the time.)
http://www.faqs.org/faqs/investment-faq/mutual-funds/

Ford gave the unindicted co-conspirator a "full, free and absolute" pardon for crimes he might have committed.
https://www.history.com/this-day-in-history/ford-pardons-nixon

https://www.sec.gov/Archives/edgar/data/1437921/000094937720000245/iva_497.htm
497 1 iva_497.htm
IVA FIDUCIARY TRUST
IVA Worldwide Fund
IVA International Fund
Supplement dated July 13, 2020 to the
Summary Prospectuses, Prospectus and Statement of Additional Information,
each dated January 31, 2020 for the IVA Worldwide Fund and IVA International Fund
(together, the “Funds”)
This supplement updates information in the Summary Prospectuses, Prospectus and Statement of Additional Information of the IVA Fiduciary Trust (the “Trust”), each dated January 31, 2020. You may obtain copies of the Summary Prospectuses, Prospectus and Statement of Additional Information free of charge, upon request, by calling the toll-free number (866) 941-4482 or by visiting the Trust’s website at www.ivafunds.com.
Effective July 13, 2020, Charles de Lardemelle is no longer a portfolio manager of the Funds. All references to Mr. de Lardemelle are hereby removed from the Summary Prospectuses, Prospectus and Statement of Additional Information.
Charles de Vaulx remains primarily responsible for the day-to-day management of the Funds and serves as Chief Investment Officer of the Adviser.

Here is an additional news story concerning the closing and expense waiver:
https://www.businesswire.com/news/home/20200713005370/en/FPA-New-Income-Close-New-Investors#:~:text=(FPNIX%2C%20the%20%E2%80%9CFund%E2%80%9D,business%20on%20July%2031%2C%202020.
From FPA:
https://fpa.com/docs/default-source/FPA-News-Documents/fpa-new-income-to-close-to-new-investors_final.pdf?sfvrsn=4

Thanks for the post,info @catch22. I took a look at Vanguards tip, VIPSX. YTD shows 6.54% as compared to LTPZ at 18%. Would the difference in return be do to duration ?
Thanks , Derf

Some type of bond is likely a part of your portfolio, whether a direct investment into a sector or a mix in an income or allocation fund.
I'll place this list again for a view of performance YTD (about mid-year for 2020). You may choose to review this bond list (copy/paste to your own document) periodically as a reference to performance. I don't anticipate updating this list. Pricing performance is where the gains or losses take place. I'm not attempting to find or chase a high yield. My preference is that a given bond area has a declining yield to provide for a likely increase in the price.
A few views from bondland, for AAA rated bonds:
JULY 10 WEEK / YTD
--- MINT = - .05% / +.9% (Pimco Enhanced short maturity)
--- SHY = - 02% / +2.9% (UST 1-3 yr bills)
--- IEI = + .0% /+5.2% (UST 3-7 yr notes/bonds)
--- IEF = +1.5% /+6.9% (UST 7-10 yr bonds)
--- TIP = +.2% / +6.6% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- LTPZ = +.6% / + 18% (UST, long duration TIPs bonds
--- TLT = +1.7% /+23.8% (20+ Yr UST Bond
--- EDV = -2.5% / +31.6% (UST Vanguard extended duration bonds)
--- ZROZ = +2.8% /+33.8% (UST., AAA, long duration zero coupon bonds)
***Other, for reference, not AAA rated:
--- HYG = +.4 / -3.7% (high yield bonds, proxy ETF)
--- LQD = +.6% / +7.8% (corp. bonds, various quality)
I have also previously noted that EDV, TLT and ZROZ can be very hot potatoes to manage and require a close watch and what may adjust their directions.
***** It's not what you look at that matters, it's what you see. *****
Henry David Thoreau
Please alert me as to any errors.
NOTE: our portfolio at this time is fully tax sheltered investments and with this; we don't have concern with the taxable status of distributions or buys and sells in this area.
Take care,
Catch