Both GPIOX and GPGOX will now be permitted to invest from 10 to 60% of assets in emerging or frontier markets. The funds could use some goosing at this point in my opinion. Will this do the trick?
https://materials.proxyvote.com/Approved/MC5208/20150320/SUP_239409.PDF

"How we react after liftoff will depend on how the market reacts."
- FOMC vice chairman and president of Fed Bank of NY Bill Dudley
http://www.zerohedge.com/news/2015-04-08/feds-bill-dudley-ignore-march-jobs-its-weather-live-feed
Market clearly not a priority in their decision making.
"but I'm pretty certain that they factor in a whole lot of variables other than that"
When your priority is to ramp asset prices in the hopes that that leads to a sustainable recovery and not another bubble/bust, wouldn't markets likely be a large focus?
Beyond that, whenever the market has gone down a few % in the last few years, a Fed governor inevitably pops up to soothe the markets. They're entirely reactionary to even smaller tantrums by the market.

FYI: If you have been putting off, or can’t bear the thought of, rebalancing your portfolio, here are three ways to make the process simpler and, perhaps, more tolerable.
Rebalancing your holdings—and, ideally, reducing the level of volatility in your savings—is frequently a difficult exercise. It’s hard to sell assets that have been performing well because we tend to assume they will continue to perform well. And it’s difficult to buy into assets that seem problematic. (Think: bonds, where yields are all but nonexistent.)
Regards,
Ted
http://blogs.wsj.com/totalreturn/2015/04/07/portfolio-rebalancing-for-cowards/tab/print/?mg=blogs-wsj&url=http%3A%2F%2Fblogs.wsj.com%2Ftotalreturn%2F2015%2F04%2F07%2Fportfolio-rebalancing-for-cowards%2Ftab%2Fprint&fpid=2,121

...market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.

Scott, you do understand that the stock market isn't what the Fed is primarily concerned with, yes? ---- AJ

Fed governors appear whenever the market is down a few % to calm participants. If the market is not a primary concern, could have fooled me with how fast they pop out of the woodwork to assure markets that easy monetary policy continues.
Additionally, as Vert noted above: "Today we have a FED theory that producing a "wealth effect" (Bernanke's phrase), i.e. asset bubbles as the less charitable/gullible of us might put it, is the way to prosperity".
I'll suggest that the stock market is of enormous concern to the Fed, whether they say that outright or not.

...market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.

Scott, you do understand that the stock market isn't what the Fed is primarily concerned with, yes? ---- AJ

I'm not @scott but while you are correct AndyJ in your statement, I'm not sure the Fed knows this. We have seen the Fed react to poor performing stock markets during this whole debacle. The markets are not what they once were.

...market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.

Scott, you do understand that the stock market isn't what the Fed is primarily concerned with, yes? ---- AJ

Most of the folks I've spoken with talk about two sorts of expenses: "hard expenses" which represents money you've absolutely got to pay to other people, and "soft expenses" which is compensation to the manager for running the fund. I've been told that you need about $10 million in the portfolio to cover the hard expenses, even assuming a lean operation. To reach the "ongoing business operation" level of revenue, managers talk about $50-100 million; below that, it's somewhere between a hobby and a side business.
David

ETE is just wonderful. It's broken down into 6 separate entities (because it owns multiple underlying partnerships) and you have to fill out a K-1 for each.
If ETE hasn't done as well as it has and management hasn't been as good as it has (the CEO/chairman has bought something like $80 million in shares in the last several months) I'd be tossing it post haste. I'm hoping that it pulls a Kinder at some point and ultimately just takes all the parts and pieces under the parent/GP.
Speaking of insider pipeline co purchases, look at EPD:
Mar 13, 2015 WILLIAMS RANDA DUNCAN
Director
3,225,057 Indirect Purchase at $31.01 per share. 100,009,017
Mar 2, 2015 WILLIAMS RANDA DUNCAN
Director
1,498,055 Indirect Purchase at $34 per share. 50,933,870

FYI:
Regards,
Ted
WSJ Slant:
http://www.wsj.com/articles/u-s-stock-futures-trade-higher-1428409110
Bloomberg Slant:
http://www.bloomberg.com/news/articles/2015-04-07/u-s-index-futures-are-little-changed-after-two-day-stocks-rally
Reuters Slant:
http://www.reuters.com/article/2015/04/07/us-markets-stocks-idUSKBN0MY0ZP20150407
WSJ Markets At A Glance:
http://markets.wsj.com/us
Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
Current Futures:
http://finviz.com/futures.ashx

@MFO Members: The Fund only had $410,005 AUM, that's not going to cut it. You need a minimum of one million just to cover expenses.
Regards,
Ted

Time is probably the key here

A functioning government would be rather helpful. The idea of spewing money at any problem that comes along isn't really fixing anything - it's spending money to delay problems in the hopes that they will eventually be someone else's problem rather than fixing them. In this case, it's also to bail out left and right and ramp asset markets, which has lead to record amounts of stock buybacks, but not a whole lot in the way of factories built and other such economic activity.
Shareholders are happy until they're not, just as homeowners were happy until they weren't. Of course this is more popular than forcing rot from the system until the rot spreads and isn't.
It's not that I think things should be fixed in a hurry in the slightest, my mere request is that underlying problems actually be fixed and addressed in an attempt to create a recovery that is sustainable rather than in need of one QE drug after another.
QE and financial engineering is the definition of "wanting things fixed in a hurry" (no one wanted to address any issues in 2008, it was "how much money will it take to reboot us to a few years prior" - people wanted it fixed yesterday. Actually clearing the system of rot is not wanting things fixed in a hurry, it's wanting things fixed in a manner that is right and ultimately leads to a sustainable path.
The first one is taking a long time because it's not really fixing any underlying problems as much as creating another asset bubble. Only this time we're at the zero bound and the economy is faltering again, so we find ourselves in the new "QE" normal.
I said a couple of days ago, if the market gets rocky, just stay calm and continue to own assets because the Fed will inevitably start talking up something else. A couple of days later, you already have a Fed governor trial ballooning QE4 - and hey, the market didn't even have to go down 10-15% first.
I'll refer again to Scott Minerd's excellent "The Monetary Illusion". http://guggenheimpartners.com/perspectives/media/the-monetary-illusion

FYI: Outperforming the market is not the goal.
Regards,
Ted
http://www.thinkadvisor.com/2015/04/06/the-real-point-of-active-investing?page_all=1

It appears that the key words were "IF ECONOMY FALTERED". With respect to "theories of insanity", the word "theories" is at least correct, as we are still seeing where this particular theory will take us. We do know, though, where the Austrian/University of Chicago Business School theories took us in 1929.

"is at least correct, as we are still seeing where this particular theory will take us."
I tend to wonder if devotees of current economic theory would ever admit that the results are lackluster considering the sheer size and duration of easy monetary policy this time.
The fact that there is even the mere discussion of another round of asset purchases after three rounds and several years of easy monetary policy - is laughable, although particularly laughable if we get QE 4 is the notion that "we are still seeing where this is going." I tend to think that something has "worked" when you don't need another and another and another of it.
If "we are still seeing where this is going" after QE4, then those saying that I think do not care to truly admit where this is all going. At what point do we all get to see where this is going, QE5? QE10?
Additionally, at some point "we are still seeing" becomes "have seen" unless you believe that, much like many devotees of current monetary policy, it "wasn't enough" - "wasn't enough money", "wasn't enough time", etc. Can something ever be wrong if you just keep giving it more and more time to be right? Can something be wrong if every time the problem was that "there just wasn't enough" of it? Theoretically we can be at this forever if the problem every time was that "it needs more time" and there "wasn't enough" and the people behind it never admit that it isn't creating a sustainable result.
Problems are transitory, goalposts (it's not wrong because we're still seeing where it's going after several years..., we need another QE because the last one just "wasn't enough" AGAIN....) moved when they don't fit the desired result, etc.

http://www.sec.gov/Archives/edgar/data/1396092/000120928615000184/e1618.htm
497 1 e1618.htm
LEADSMAN CAPITAL STRATEGIC INCOME FUND
Supplement dated April 7, 2015
to the Prospectus and Statement of Additional Information
each dated September 15, 2014
The Board of Trustees (the “Board”) of World Funds Trust (the “Trust”) has approved a Plan of Liquidation (the “Plan”) relating to the Leadsman Capital Strategic Income Fund (the “Fund”), effective April 7, 2015. Leadsman Capital LLC, the Fund’s investment adviser (the “Adviser”), has recommended to the Board to approve the Plan based on its representations of its inability to market the Fund and the Adviser’s indication that it does not desire to continue to support the Fund. As a result, the Board has concluded that it is in the best interest of the Fund’s shareholders to liquidate the Fund.
In connection with the proposed liquidation and dissolution of the Fund called for by the Plan, the Board has directed the Trust’s principal underwriter to cease offering shares of the Fund immediately as of the date of this Supplement. Shareholders may continue to reinvest dividends and distributions in the Fund or redeem their shares until the liquidation.
It is anticipated that the Fund will liquidate on or about April 7, 2015. Any remaining shareholders on the date of liquidation will receive a distribution of their remaining investment value in full liquidation of the Fund. If you have questions or need assistance, please contact your financial advisor directly or the Fund toll-free at 1.800.673.0550.
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of any redemption of Fund shares. If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring. If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.
This Supplement, and the existing Prospectus dated September 15, 2014, provide relevant
information for all shareholders and should be retained for future reference. Both the
Prospectus and the Statement of Additional Information dated September 15, 2014 have
been filed with the Securities and Exchange Commission, are incorporated by reference,
and can be obtained without charge by calling the Fund toll-free at 1.800.673.0550.

Minneapolis Fed Gov on QE4: "KOCHERLAKOTA: THERE IS EVEN A THEORETICAL ARGUMENT TO BE MADE FOR MAKING ASSET PURCHASES NOW IF ECONOMY FALTERED"
(http://www.zerohedge.com/news/2015-04-07/kocherlakota-goes-bullard-retard-says-qe4-theoretically-warranted)
HAHAHAHAHAHAHA. Getting ready for yet another spin into Einstein's theory of insanity. I love how quickly this was uttered - market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.

Yes. Fidelity executes "market price" transactions in seconds, thus one can make a second transaction right away. Other brokerages work the same manner.
Bear in mind that how fast the trade is really depends on the trading volume of that day. There needs to be a seller for every buyer to complete this trade. Heavily traded indeces trade readily without issues. Thinly traded securities, however, often have wider spreads, and harder to trade on market price. Personally I stay away from these thinly traded securities.

Most transactions for me are right when I hit the button. That said, I have encountered thinly traded stocks (especially a few foreign stocks) where it's taken 5-10-15 minutes or more.

Hmmm ... it delivers a 7.4% yield with a 6.45% total return, annualized over five years. Negative alpha and high beta against its "best fit" index over the past three years; Morningstar doesn't provide the five-year best fit data.
In a move that only Morningstar could love, they rate it as "high risk" within its category; then note that the category holds a total of four funds.
David

FYI: - The Federal Reserve should not raise interest rates until the second half of 2016 to allow the labor market to continue to strengthen, said Narayana Kocherlakota, the president of Minneapolis district branch of the U.S. central bank, on Tuesday.
Regards,
Ted
http://www.marketwatch.com/story/no-fed-rate-hike-needed-until-second-half-of-2016-kocherlakota-2015-04-07/print
(Last week someone offered to bet me on a rate increase this year. I offered a Chicago Hot Dog, or a slice of Chicago's Famous Deep Dish Pizza. Would the person who did this please step foward, I want to increase the bet.)

@Paul Hope this is some help.
Regards,
Ted
http://blogs.barrons.com/emergingmarketsdaily/2015/04/06/emerging-market-equity-funds-5th-week-of-outflows/

@catch22: Thanks !!!
Regards,
Ted
April 6, 2015:
Germany’s DAX 39 Closed
France’s CAC 40 Closed
The U.K.’s FTSE 100 Closed
Italy’s FTSE MIB Closed
Spain’s IBEX 35 Closed
Greece’s Athex Composite Closed
Portugal’s PSI 20 Closed
Belgium’s BEL 20 Closed
Netherlands’s AEX Closed
Denmark’s OMX 20 Closed
Norway’s OBX Closed
Sweden’s OMX 30 Closed