My portfolio focuses on actively managed funds. I doubt that will change. But, the timing aspect is interesting to me as we will be listing a house for sale next week. Selling that house will generate a chunk of cash available for investment. It will increase my investment portfolio by perhaps 20%. So, I looked through my portfolio this morning.
Here is my tentative plan for putting that cash to work...
Divide the new cash equally among 5 existing positions: PONDX, VWINX, WHGIX, RPGAX, GDMZX
Invest the new $'s in 2 chunks: 1/2 as soon as the cash is available and the second half this fall...maybe in early November.
50% in stocks is my default position. So, this investment plan suggests I have a slightly skeptical but "middle of the road" sense about the current market.

The article says, "The funds' three-year annual average return is just 1.87%, reports one research firm." QLEIX must be an an outlier; the M* table shows an annualized 3-year return of 15.67%.

Same thought: I own QLENX in my IRA and it's doing just fine.

Thanks @Ted,
Mr. Rodgers didn't mention his companies own stock (TROW) which pays a 3.23% dividend and "over the long run" has done very well against the S&P 500, his own fund (PRFDX) as well as highly rated (PRWCX). Here's the performance chart over the last 30 years (his tenure). TROW in green, as in "money".

Yes, funds launch May 1

The article says, "The funds' three-year annual average return is just 1.87%, reports one research firm." QLEIX must be an an outlier; the M* table shows an annualized 3-year return of 15.67%.

FYI: (Click On Article Title At Top Of Google Search)
Consumer staples aren’t the haven they used to be. the sector’s vulnerability became all too apparent in February, when news leaked that Kraft Heinz was making a play for Unilever. Staples stocks quickly traded down, as the promise of catching Warren Buffett’s eye dissipated. Buffett’s Berkshire Hathaway (ticker: BRKA) and Brazilian conglomerate 3G Capital control Kraft Heinz (KHC).
Then Unilever (UL) rejected what would have been the largest food and beverage deal in history, and consumer staples stocks sprang back to life. The sector is up 1.4% since its February swoon, versus a 0.3% gain for the S&P 500.
https://www.google.com/#q=Consumer+Staples+Could+Be+in+for+a+Fall+Barron's&*
Regards,
Ted

FYI: (Click On Article Title At Top Of Google Search)
Among liquid-alternative investments for retail investors, long-short equity mutual funds have performed relatively well over the past 12 months.
Regards,
Ted
https://www.google.com/#q=Long-Short+Stock+Funds+Lose+Their+Shine+Barron's&*
M* Long/Short Equity Fund Returns;
http://news.morningstar.com/fund-category-returns/long-short-equity/$FOCA$LO.aspx

FYI: Markets may be headed to an environment where active beats passive, but how do you find the right manager?
Regards,
Ted
http://www.marketwatch.com/story/how-should-active-management-fit-into-ones-portfolio-2017-03-25/print

too bad hardly anyone had 10K to invest in 1944, and those who did didn't need to.

Right now their website is saying NAV as of 05/01/17 is $10.00. Does that mean 5/1 they are launching?

I used to have JORDX in this list. Unfortunately manager closed the fund. I guess it was not gathering enough assets. I would have thought $150MM was enough for him. Apparently not.
PVFIX is another fund that belongs to my list. Largely in cash forever, but I like it. Sometimes its about keeping money in cash or in a fund like COBYX, PVFIX. It's about Prudent risk. On the other hand, sometimes you just go with a CGMFX and FAIRX. Wierd Science, and I think that's okay.

Thanks @Ted,
Compliment me if I'm right, but wouldn't LEXCX be a concentrated (21 holdings, ER = .52) way of investing in a well managed fund that holds a pretty good slug of the Dow?
LEXCX has been around for 76 years and here is it's chart (@rono would like):

FYI: The Dow Jones Industrial Average is one of the oldest and best-known indexes in the world. It has, by its nature as a benchmark for the largest stock market in the world, become an important barometer of global confidence over the years.
Regards,
Ted
http://www.marketwatch.com/story/the-dows-tumultuous-120-year-history-in-one-chart-2017-03-23/print

I think the lower expenses have to do with a couple things: 1) Wasatch charges way too much, 2) Rondure will be larger cap. WAFMX is not exclusively FM either...

I am considering moving from WAFMX to Rondure New World Fund. Rondure New World Fund will invest in "both emerging and frontier" markets, so it won't be a pure frontier fund. Fees and expenses on Rondure New World Fund are capped 1.35% (Investor class) and 1.10% (Institutional class) -- much lower than WAFMX, which suggests that frontier markets might not make up a major part of the portfolio.

To explain, I owned APPLX for a year or two in its early days when it was mainly an all-cap U.S. value fund, liked it a lot, and thought it might be a keeper then (thus the "still" in the earlier post), but imho, it really fell apart when they added Au as a permanent fixture and went international, which looked to me at the time to be beyond their sphere of competence. Hadn't checked it for a while, but now I see it's returned less than 1% annual for 3y, and the port looks pretty similar to what it was when the performance tanked a few years ago, so looks to me they haven't done much right lately, either.
So, I'm just not seeing much there to bank on going forward, but wondered if you might have some insight that's different from the view from this house.

http://www.rondureglobal.com
Funds launching May 1

'Manager execution' is different here, right?
CAPE alone has been backtested to '02, fwiw:
http://investwithanedge.com/new-barclays-shiller-cape-sector-rotation-etn
... annualized return [['02-'12]] of +10.8% (adjusting for investor fees) with 19.6% standard deviation. For the same period, the S&P 500 Total Return Index gained +7.2% with a 21.2% standard deviation.

1. Don't know if it's an SEC requirement, but Have yet to read a recent mutual fund prospectus that does't show returns year-by-year dating back a full decade. When considering a new fund, that's one of the first things I look at. The '07-'08 global market debacle did us one service. It painted vividly how funds than in existence held up during the downturn. As Lewis rightly explains, each bear market is different. We need to be careful in making projections based on past performance. But I ike to look at the '07-'09 history.
2. For a newer fund like DSENX that record doesn't exist. I'm not sure it could be "mirrored" by looking at various asset classes at the time, since its performance appears highly dependent on manager execution.
3. I have purchased new funds for which '07-09 records weren't in existence. IMHO this requires a higher degree of confidence in management (based on track record) and an even better understanding of the fund's investment approach than might otherwise be needed. One such fund is RPGAX which I've owned almost since inception in 2013.
On the other hand, concerned about equity valuations and a narrowing spread between high quality and junk bonds, I recently sold OPPEX (Oppenheimer Capital Income). This is a normally low volatility fund which attempts to hedge market risk (equity and bond) in various ways. It's provided a smooth ride over the year I've owned it. However, in looking back at '07-'08, this otherwise low volatility income fund managed to shed 40% over 2 years (nearly 38% in '08). I'd started with a small commitment to the fund. As the amount grew (and markets evolved) I decided that the risk-reward profile wasn't suitable for my needs.
FWIW

FYI: Their recent woes don’t raise concerns.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=799153