Not sure a firm managing 25% less assets than it did 10 years ago is where I'd want to be, but to each their own.

@gman57, to quote Billy Jole:

You may be wrong but you may be right

I hope they know they came out a winner already and just play the diplomatic game. A war with Iran would be really bad for everyone, including Israel, the US and the rest of the world, both with casualties and economic hardship.

@catch22 : 90% to the IRS ? I'm more like 15% to IRS & 5% to State.

Thanks folks. If I needed a large chunk I’d pool the funds earlier in a cash equivalent as gman57 suggests. With most markets near record highs - good advice. But that’s not the case for now anyway. One reason is the “interest-free” (til 12/25) Fido Visa account I opened last summer. Recently put a big infrastructure project on it. Can pull funds gradually during ‘25 instead of all at once. (Appreciated all the earlier comments re that on a different thread.)
Also … age has pushed me towards a pretty conservative portfolio. So, big market moves don’t affect it as much today as say 5 or 10 years ago. Mainly, I just don’t want Fido to throw a “Hissy Fit” thinking I’ve forgotten.

DGRS

Wisdom Tree has some interesting stuff. I'll add DGRS to my watch list. Thanks.

Schwab will sell it to you today NAV $10.00 fe $49.95
Fido still says unavailable to trade

I pulled the trigger a couple weeks ago @fred495. I traded in my BLNDX money for QQMNX. BLNDX has been a fine fund, I think, but the ride can be as bumpy as the S&P 500 at times. I did want something less volatile to contrast the market, which QQMNX seems to be.
edit: Charles' graph is a concern, maybe. Buying the hot group-think fund isn't usually a good idea.

A few, but most will not...It all about the mode...

HOW has the stock market returned 8-10% per year? — is a whole another question.
And the mode (i.e. the most common data point), rather than the average, tells that story. And answering HOW means looking at characteristics of individual stock performance through time.
Hendrik Bessembinder did that research. He has looked at the history of about 29,000 stocks in the United States, over the 90 years worth of good data we have for empirical stock analytics. He's also looked, on a slightly shorter time horizon because of available data, at about 64,000 stocks outside the U.S.
The mode is -100%.
The most common outcome from buying a stock is that you lose all your money.
Mind blown? Great. But read on, because it has implications for portfolio design, especially if you're a long-term investor.

just 86 stocks have accounted for $16 trillion in wealth creation, half of the stock market total, over the past 90 years.

do-stocks-outperform-treasury-bills
research paper
Study

For the past two months, I have been following two "Market Neutral" funds, QQMNX and VMNFX, which held up very well and provided some protection during recent market downturns. New managers have been at the helm of both funds since 2021.
As MikeM said: "I have to admit, QQMNX is a tempting alternative in this alternative field for a less bumpy ride and, so far, excellent returns."
..............QQMNX....VMNFX
YTD.........15.6%.......8.9%
3 YRS.......14.4........14.8
5 YRS.......10.3..........8.2
2022..........9.5.........13.5
Std. Dev....8.6%.......7.3%
As a retired investor who doesn't need a lot more money, preserving capital is more important to me than seeking sizeable returns on capital. While both funds have excellent risk/reward profiles, I have decided to add QQMNX to my portfolio at this time of fairly high equity valuations.

I got very lucky...just a little water in my basement and a few trees down on my winding driveway. Mine and a few others only one without a tree crashed thru or on the roof. Just south of downtown Asheville. Biltmore village maybe 15 min from house. I got a great neighbor who looks after my property. Folks couldn't get off the mountain. Roads to washed out or impassable . No water, no electric. No food. Walked down the mountain and called me when he briefly got cell reception. I don't spend a lot of time there but planned to go for leaf season in a few weeks.
Mountain folks are tough as nails and will pull thru this... everyone looking after families with kids and the elders. Told my neighbor to raid my pantry and extra water stash to distribute to the neighbors if need be as well as where my cash stash is and combo to my gun locker.

The last filing occurred on 9/24:
https://www.sec.gov/Archives/edgar/data/1771146/000199937124012333/brookmont-485bxt_092424.htm
ETF still has no symbol yet.

@hank, I have watched and analyzed ALT funds, especially AQR funds, for about 15 years. I'm not impressed, and I explained why.
The only way to avoid big losses is to do timing using special bond funds (PIMIX, IOFIX in the past and others in the last several years), and why it took me many years to master it. I also never play short because markets usually go up.
I know, you already heard it many times; sorry for that.

Thanks @alban. I don't think the picture would fundamentally change in that situation, as the new share class's 5-year return (pro forma) should approximate the 5-year return of the other share classes, any difference explained by fee differences. So the 1-year returns of all share classes would look good and the 5-year returns of all share classes (including the new one which inherits four of those five years from the older share class returns) would look bad. Apologies if I'm misunderstanding.
Kind regards,
Jeff Ptak
Morningstar Research Services

My wife and I were vacationing in Asheville during the storm. Our hotel was on Tunnel Road. On Saturday morning we decided to at least attempt to leave the area and head for home even though we were literally in the dark with no TV news and no working cell phones. We did have a near full tank of gas, otherwise, I'm not sure we could have risked leaving not knowing when or where we would be able to get gas again. Our initial route was blocked by a flooded road. We ended up heading south towards South Carolina on RT 26 and just north of Spartanburg, SC we took RT 85 east towards Charlotte. Long lines at gas stations that were open along Rt 85. We didn't stop for gas until just west of Charlotte in Belmont and drove right up to a pump. We still had a half a tank at that point, way to go Honda Accord! Our cell phones started working again in that area as well and boy was that a nice feeling. We spent the night in Wytheville, VA on Saturday before making it home to Ohio by Sunday afternoon.

@Ptak I think I was not clear. Suppose a new share class was introduced 1 year ago. Its one year performance is its own, but its 5 year performance (extended performance) is computed based on the other, older share classes. So the 1 year performance of this share class was good (perhaps because of the timing of its introduction) but its 5 year performance (extended) is bad. This could perhaps be useful to investors.

Thanks folks! Could it be possible that funds time the introduction of new share classes when the markets are doing well. So then extended performance could help avoid buying a share class, which might look good based on its record, but is part of a fund that has had terrible performance, say over the last 5 years or so.

Bought 1000s APA for an anticipated long-term position based on developments in their 50-50 partnership with TTL in Suriname that is getting FID tomorrow, plus they have some interesting smaller activities around the world. They're also small enough that someone may take them out, which would be fine by me .... and it has a 4% dividend with a low payout. (I own TTL in my other account)
Still hoping utes pull back, but I may start nibbling on them to DCA into positions so I hopefully don't pay up too much at once.

The 3 years for QLEIX looks good because of 2022. This is where ALT funds excel.
Then, you have years when they trail and way in the back.
BY the time most investors realize markets are going down and load on these funds, they miss most of the meltdown, then, they miss the beginning of the uptrend of the regular funds, which is the strongest period.
It takes discipline to hold funds like that.

@FD - Have you looked at M* performance numbers? QLEIX +20.71%YTD / +23.75 1 YR. Albeit, it may not have moved much the past 6 months. Since when has 6 months become an appropriate time horizon to measure anything’s performance - except perhaps cash?
L/S funds come with varying risk profiles. Tough to analyze. But scanning past performance over a number of years may give an indication how much market risk the managers are willing to take.
QLEIX presently is essentially neutral domestic equities (per *M) showing only 0.69% net invested. It is just slightly positive non-U.S. equities with a net 7% invested. Suggests to me they have gone very defensive nearer term.
They have a significant net short cash position (about 25%) indicating substantial borrowing to fund the short equity positions. So, interest on loans is eating up some potential gain while they remain essentially neutral on equities.
I’m here to learn. Have never owned QLEIX. Held two L/S funds going back to ‘21 / ‘22. Sold one off recently in an effort to reduce risk & volatility in an overheated market. Personal factors also played a part in the decision.

Here is the summary prospectus:
https://www.sec.gov/Archives/edgar/data/1141819/000089418924005966/crossingbridgenordic497k.htm