I won't even mention OAKIX, which lost almost 10% after Brexit was declared. Anybody still holding on to it?

I bailed on Harbor Int'l about three years ago. I also recommend FMIJX. Third quarter report just came today and I have linked it. I think the discussion will give you a good idea of how cautiously the fund is managed.
http://www.fiduciarymgt.com/funds/shrpt/qly_shrpt_063016.pdf

I would take a serious look at the very low cost (ER 0.20%) and liquid (850K avg. daily volume) EFAV which has performed well since inception and its underlying index has very attractive back-tested performance:
Index Performance
Kevin

Hi Guys,
Fraud is a very emotional and perjorative characterization. Yes, a few things are disquieting with the referenced fund, and caution should be the operative watchword. However, a fraud charge is premature at this juncture. It's probably a good idea to wait and see on this news item.
I would likely pass on investing with the referenced Hedge fund because I would be reluctant to accept the terms offered by that firm. I do not agree with the policy of no allowable withdrawals for a 10-year period, and I don't invest with funds who are secretive about their strategies.
Also, I am familiar with the exploits of Charles Ponzi and more recently Bernie Madoff. Both those guys did serious jail time. I am definitely not forecasting that outcome for the referenced fund manager, but history, although never exactly repeating itself, does have a way of rhyming with historical experiences.
As usual, buyer beware. The lust for super returns always adds hyper risk to any investment program. That's not me. I'm happy with market equivalent returns so I don't fall victim to exaggerated promises that fail to deliver the goods.
Best Wishes.

Depending on our client risk levels and goals, and tax situation, we will use a few of these: MALOX, RPGAX, RIBIX, WASIX. For higher-tax-bracket people, these are best used in retirement accounts. As for FPCAX, not only has the performance really lagged, but the high cash position, as another poster noted, is part of the expense ratio. For us, it is almost a no-brainer to move elsewhere.

I'm not sure whether Bob intended to list RPGAX as a Multi Asset Income Fund or not. Possibly, I'm misreading the thread.
As a bleeding heart liberal on most matters, I'll concede that RPGAX could be considered an income fund. Price appears to consider it more of a balanced fund: "Under normal conditions, the fund’s portfolio will consist of approximately 60% stocks; 30% bonds, money market securities, and other debt instruments; and 10% alternative investments." (Source: T. Rowe Price)
M* classifies it as Global Allocation and Lipper puts it in their Flexible Portfolio category.
I own a bit and include it alongside DODBX in my balanced area. In good times it will likely lag DODBX. But I suspect it will hold up better in bad times. The 10% in Blackstone's fund of hedge funds should help in tougher markets. We'll see on that one. (No snickers from audience please) :)

How I did not include WHGIX in my previous post is a mystery. It has been a consistently steady performer. ETNMX looks like it could be worth a look, but a 1.23% expense ratio is a bit steep for this kind of fund. Perhaps it will continue to do well and earn its costs.

Thanks, Bob. I always appreciate your contributions and advice.

Nothing is ever "guaranteed," my friend.
http://www.bloomberg.com/news/articles/2016-07-26/the-curious-case-of-joseph-meyer-a-little-giant-of-hedge-funds

FYI: If you're looking for comforting news about the great strides women have made breaking into investment management, you won't find it here. Men still overwhelmingly dominate the field.
Regards,
Ted
http://www.investmentnews.com/article/20160724/FREE/160729970?template=printart

How I did not include WHGIX in my previous post is a mystery. It has been a consistently steady performer. ETNMX looks like it could be worth a look, but a 1.23% expense ratio is a bit steep for this kind of fund. Perhaps it will continue to do well and earn its costs.

I imagine your clients would be investing in the somewhat cheaper (1.03%) ETIMX shares. They're also available to retail investors with a $2500 min (plus TF) at Scottrade.
As this is a new fund with both high estimates on "other" expenses and a short term (until October 2016) fee waiver in place, it isn't clear what the actual expenses will be going forward. For example, its management fee component, at 0.73%, is nearly identical to the management fees of the other fund in your post, WHGIX, at 0.75%.

I'm a big fan of PGBAX. Had a bit of a rough patch due to heavy stake in MLPs, but recovering nicely. Also as to NWQAX you may wish to consider its CEF cousin, JPW...one of my only recent buys in this space, selling at 11% discount.

How I did not include WHGIX in my previous post is a mystery. It has been a consistently steady performer. ETNMX looks like it could be worth a look, but a 1.23% expense ratio is a bit steep for this kind of fund. Perhaps it will continue to do well and earn its costs.

This is especially true in a very slow, careful increase in rates as we are likely to have. I hope you are right as bank loan funds may be the place to be. And would love to see a corresponding rise in CD yields. Albeit I have been hearing this rising rate scenario since the beginning of 2014.

Hi Guys,
I’m a little amazed by how often referenced articles and posts interact with one another.
Just today, this article on Marc Faber and the 10 Laws of Wealth piece have that interconnected character. Here is the internal Link to the 10 laws article:
http://www.mutualfundobserver.com/discuss/discussion/28733/these-10-laws-of-wealth-can-help-you-hold-on-to-investment-gains
There really are no unexpected recommendations in this listing. Rule 4, “Forecasting is for weathermen”, is relevant for the Faber reference. Forecasters do hazardous duty and are challenged to score a 50% accuracy. Actually, weathermen have a much better record than financial wizards. Faber falls into that lower success ratio cohort. Here is the CXO Advisory Group Guru grade ratings:
https://www.cxoadvisory.com/gurus/
Based on a large number of predictions over an extended timeframe, Faber’s record is rather unimpressive. He scored at the 45% correct level. CXO asked the following: “Marc Faber: Nabob of Negativism?” My answer is a firm yes to that question.
Faber seems to always recommend a rather large portfolio asset allocation to Gold holdings, sometimes as high as 25%.
If that allocation is scraped from the fixed income portion of the portfolio (equities sort of held constant), overall portfolio returns should not suffer too much, and the portfolio’s standard deviation should be greatly reduced.
I loosely checked the numbers over several timeframes with Gold ranging from the 10% to the 25% portfolio weightings to verify my speculation. The few numbers I made confirmed my perspective. Please note that I do not do Gold in my portfolio.
Best Regards.

ETNMX has a really interesting mix of assets. Thanks for the tip, TSP, gonna look into that one. It's slightly outdone NWQAX.LW, which is pretty good.

No short term redemption fee and NTF at Scottrade. Looks good! But then 2016 is turning out to be a dart thrower's dream where just about anything has looked good.

SO FAR SO GOOD @ 1 year.16 % Cash and a "true" mix of multi-assets.
Eventide Multi-Asset Income Fund ETNMX
http://eventidefunds.com/wp-content/uploads/MAI-portfolio-composition-2016Q2.png
ETNMX Fact Sheet
http://eventidefunds.com/wp-content/uploads/Eventide-Multi-Asset-Income-Fund-Fact-Sheet-06-30-2016.pdf

https://www.sec.gov/Archives/edgar/data/831114/000110465916134137/a16-15296_1497.htm
497 1 a16-15296_1497.htm 497
THE RBB FUND, INC.
Schneider Value Fund
Ticker Symbol: SCMLX
Supplement dated July 25, 2016 to the Schneider Value Fund’s Prospectus
and Statement of Additional Information, each dated December 31, 2015
THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION.
On July 21, 2016, the Board of Directors of The RBB Fund, Inc. (the “Board”) approved a plan of liquidation and termination for the Schneider Value Fund (the “Fund”). Effective July 29, 2016, purchases into the Fund will no longer be permissible, and all redemption fees will be waived.
On or about August 30, 2016 (the “Liquidation Date”), the Fund will redeem all investors’ shares at net asset value, and the Fund will terminate. Investors holding shares of the Fund on the Liquidation Date will receive cash representing proceeds from the redemption. Absent other instructions, the cash proceeds will be distributed by mailing a check to each investor of record at such investor’s address of record. The Fund is in the process of liquidating securities and the Fund may invest all or part of the proceeds from the liquidation of portfolio securities in cash equivalent instruments or hold the proceeds in cash. As disclosed in the Prospectus, the Fund is permitted to depart from its principal investment strategy by taking temporary defensive positions (up to 100% of its assets) in cash and eligible U.S. dollar-denominated of money market instruments. During this time, the Fund may not achieve its investment objective.
Until the Liquidation Date, investors may redeem their shares in the manner set forth in the Fund’s current Prospectus. The redemption of your shares will generally be considered a taxable event.
For federal income tax purposes, the tax treatment to investors of the receipt of the liquidating distribution on the Liquidation Date will be the same as would be the tax treatment of a redemption of shares on that date. You may also be subject to state, local or foreign taxes on redemptions or liquidations of Fund shares. The foregoing is only a summary of certain tax considerations under current law, which may change in the future. You should consult your tax adviser for information regarding all tax consequences applicable to your investment in the Fund.
Please retain this Supplement for future reference.

Right now I have had the money out 138 days. There is probably little hope to get it back in from what I have researched.
Thanks
Gary

I remember when the Peak Oil Theory was being propagated and everybody said "This time it is different" and "We will never see oil below $100 again". There is still a glut of oil and oil reserves are high. I jumped off the oil train, but I am waiting for another opportunity.

If you are looking for diversification, I would not use a fund that owns REITs and stocks of companies that have a lot of real estate. An example of this is Baron Real Estate. It is much more tied to the stock markets than just plain REITs. We have used Cohen & Steers for a very long time. CSRSX has been around since 1991 and has had management changes over the years but has been very consistent. Marty Cohen and Robert Steers retired in 2013. Vanguard VGSLX has minimal expenses and is an index fund. Also take a look at ICF which is the ETF version of Cohen & Steers. While international real estate may have some merits, it add another layer of volatility and risk that may not be worth it. Any of the above give you a quality, alternative investment. One thing to keep in mind, REITS are less subject to interest rate risk than you might think, since they can pass the added expense on through their leases to their renters. This is especially true in a very slow, careful increase in rates as we are likely to have.

As I commented above, you can get PSLDX for just $100 at Scottrade. But then the transaction fee ($17) would constitute 14.5% of the total committed ($117). And people say 5.75% front end loads are expensive!
Regarding Schwab - I tried a test trade for $100K and asked for the $76 transaction fee to be deducted from this. It wouldn't let the trade go through, because the net amount to invest didn't meet the $100K min. A test trade for $100K plus $76 transaction fee was allowed to go through. Well, except for the fact that Schwab recognized I didn't have that kind of cash in the account :-(