Some background to the advisor, for what interest it holds: http://www.businessinsider.com/vest-startup-protects-you-from-losing-all-your-money-in-the-stock-market-2015-8. At base, they're using options to dampen volatility.

http://www.sec.gov/Archives/edgar/data/1396092/000120928616000926/e1842.htm
Here is the array of funds being offered:
http://www.sec.gov/Archives/edgar/data/1396092/000120928616000926/0001209286-16-000926-index.htm

As usual, I have no idea, but added to junk mortgages after their little blip several days ago, added to stock when the S&P5c made that convincing move above the 50d, and have cut back a little on the rate-sensitive stuff.
As far as junk corporates go, here's some (imho) halfway decent analysis from a week ago id'ing $81-$83 on HYG as resistance for HY corps - and the price of HYG has been hanging just below that level for the past three days. I'd imagine that's the next test of how far the junk run may go.
Edit: it's now 5 days that HYG hasn't closed below 80 or above 81.

@Junkster & MFO Members: I wasn't sure what the market would do until I read Jim Rogers comments on Bloomberg this morning, when he forecast there's a 100% probability of a U.S. Recession within a Year. Now, I more bullish than ever. !
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-03-04/jim-rogers-there-s-a-100-probability-of-a-u-s-recession-within-a-year

Oil service stocks have had statistically significant positive outcomes in the winter and biotech in the fall. A sector model that I use, utilizes oil services, biotech, and utilities combined with a risk management heuristic. It has produced decent returns over 30 years. We will sell out of oil services on May 1.
https://docs.google.com/spreadsheets/d/1zlgOYdATSzC7YrUE9yE_uY03sHBRTcLUVyKusqqv2tI/edit#gid=113856734

We had some huge moves since the 2/11 bottom that can't be ignored most notably in oil. All bottoms unfold differently. But if this is the bottom it would be one of the more stealth of all time in stocks. We have yet to see a large breadth thrust day/days in stocks that occurs right at/near the bottom. I am woeful at predicting and fortunately predicting/forecasting is not part of my trading process. But if I had to play that game of predicting I would say 2/11 was the bottom but we may go back close to those lows but not breach them. I will say though if the consensus that 2/11 is not the bottom then it most likely was and we just continue onward and upward.
Edit I sure don't like healthcare/biotech. So using me as a contrarian tool that may be a positive for all those suffering from the decline in that sector.

Since 2/11, the largest "down days" have been characterized by high volume trading, the largest "up days" have been characterized by relatively light volume trading. This is not the profile of a sustainable rally coming off a true bottom. Ergo, I think this is phony upside, without staying power. Analysts continue to quietly adjust Q1 earnings downward. Once disappointing Q1 figures start to get posted next month, it wouldn't surprise me to see that all of this has been levitation, and that it proves to have only been preparation for a second leg down.
On the other hand, I'm a little like Ed S. in the monthly commentary--- nothing much happening in the stock or bond world makes sense to me any more. Just basically shuffling this and that around, so I'll be better prepared for whatever does happen next, and trying as best as I can to turn off the useless noise/nonsense.

A common refrain I see here, there, and everywhere. By the time the smoke clears it could be a year or longer down the road and the markets that much higher. After the 2009 bottom it was years before many ventured back into the markets if ever. The news is the gloomiest after major bottoms and prices have zoomed higher. So I guess the question is how many feel 2/11 was not just A bottom but THE bottom for oil, stocks, and junk bonds as well as a low in 10 year Treasury yields?

@Crash & MFO Members: Here's how U.S. News & World Report which uses Zack's, along with M*, Lipper, S&P Capital IQ, and The Street to arrive at a consensus ranks the four funds listed in Crash's link.
Regards,
Ted
ABALX: #5
TRPBX: #22
FBALX: #12
FSGNX #87

G, from the article about the surge in August and October. The h0A0 *surged* less than 1% in the August move and only 3.6% in the October rally. The greatest surge in 2014 was 4%. This recent move including today's gain will be around 6%. A nice move in so short of a time. One of the rules in trading is when markets do something out of the ordinary it's time to buy or sell depending on that out of the ordinary catalyst. We saw that out of the ordinary up day in oil last month and since then it has been up and away for junk and stocks. It is looking more and more like 2/11 was THE bottom. Still nothing surprises me and I find it best to trade with an empty mind and with no opinion. In the meantime, I am 100% junk in my taxable and 80% in my IRA. Tomorrow's reaction to the employment report may require a change in the above percentages.

On a dollar-weighted basis, the impact on industry performance figures is de minimis.
Just as I don't look at inflated (unweighted) expense ratios - 1.25% for the average fund vs. 0.71% for the average dollar (2013) - I don't pay much heed to all the noise from short-lived, scrawny funds.
http://corporate.morningstar.com/US/documents/researchpapers/Fee_Trend.pdf
While these petty funds don't move the industry needle, they can affect fund families' reputations that are built on high star ratings. For example, T. Rowe Price touts over 60 4 and 5 star funds.

Pimco and Alliance Bernstein are now bullish on junk, but Bill Gross and Doubleline (Gundlach and Bonnie Baha) are still negative:
bloomberg.com/news/articles/2016-03-03/pimco-wades-into-junk-as-doubleline-warns-danger-still-lurks

Thanks for the info Ted, but I prefer my 1 stop shopping at Charles Schwab. Well, 2 stops I guess. I still have a 401k with TRP. Even though BRUFX looks great, the fund is not worth buying out side my 2 existing accounts to me. Starts to become to much clutter.
I've never visited Chicago other than a pass through at O'Hare, but I'd like to some day.

Even better marketing idea - shut it down one month before M* gives it a 1* rating. (It would have been three years old on April Fool's day.)

@BenWP & MikeM: Ben said, " I would put in a plug for the local (Indiana) talent at the Bruce Fund." The Bruce Funds office is located in Chicago at Bruce Fund Inc. 20 N Wacker Dr, Suite 2414 Chicago IL 60606. Phone: 800-872-7823
. Bruce Fund's transfer agent is Huntington Asset Services, Inc.
P.O. Box 6110 Indianapolis, Indiana 46206-6110. If I'm not mistaken MikeM the fund is only available through Bruce directly, suggest give them a call at the above number. So let's hear it for.....................
Regards,
Ted

FYI: High-yield bond ETF has received most-ever inflows over 6 days
HCA Holdings boosts high-yield debt offering to $1.5 billion
Investors are sinking cash back into the largest junk-bond exchange-traded fund signaling that the rout in the market for risky corporate debt may be overdone.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-03-01/investors-plow-record-cash-into-junk-bond-etf-as-tone-improves

@willmatt72: FYI: U.S. News & World Report ranks FGMNX #1 in the (IGB) Fund Category. In 30 years the fund has had only two down years, 1994 and 2013. HSCSX is ranked #8 in the (SCB) Fund Category. Bob Young's fund ranking system is based soley on momentum.
Regards,
Ted
FGMNX:
http://money.usnews.com/funds/mutual-funds/intermediate-government/fidelity®-gnma-fund/fgmnx
HSCSX:
http://money.usnews.com/funds/mutual-funds/small-blend/homestead-small-company-stock-fund/hscsx

Just looked up FGMNX - rated as a "fair" fund with a score of 55 out of 100. I'll take this site with a grain of salt.

I enjoy Max Funds as a quick-take. May not be current and certainly not the full story. I don't know of any other sites that even attempt to evaluate hot money. That has a big effect if you're a long term investor. Killed MFLDX (along with a lot of other problems).
Added 3/4: (1) I've held mostly the same 8-10 core funds for anywhere from 10-25 years with a few good firms. (2) I'll also take an occasional long-shot (speculative play) on a very badly beaten up fund as I did with OPGSX in September '15 and PRLAX 6-8 weeks ago. These spec plays are not intended to be held more than a few months to a few years - time to bounce a lot higher if the educated guess works out. (Yes - they can also fall, so weighing potential upside and downside is crucial)
The point here: For neither of the above types of purchases is the opinion of Max Funds, *M or MarketWatch useful or given much consideration. For the first type (core holdings) I want low fees, stable competent management, good service and annual reports that are comprehensive and readable. For the second (speculative plays) I want a fund that's been hammered hard over several years (probably down 25% or more over the last year). And Nobody loves it anymore. Than it's a matter of trying to become educated on the the fund's investments, reasons for its poor performance lately, macroeconomic conditions that might help going forward - and than taking a plunge, usually with only 2-5% of total holdings.
Sorry so long winded. Guess I've strayed from Max's original point on Max funds. But my point is you need to take all these with a grain of salt. Don't expect them to always point you in the best direction. Use your own pointer.