With 17% in cash, and the fund assets at $2B as of 9/30/15 (which is higher than they said they'd let it get before closing), I'd say yes please to a closure for RNDLX, it's about time.
For those interested in the financial condition of Oaktree Capital, the subadvisor currently managing ~65% of RNOTX (RiverNorth's high income offering) and significant stakeholder in DoubleLine Capital (the subadvisor of RNDLX), OAK will being holding its earnings conference call today (10/29) at 11AM E.T.
http://ir.oaktreecapital.com/phoenix.zhtml?c=212597&p=irol-EventDetails&EventId=5206621
@TheShadow Probably should anticipate a liquidation notice re. RNEOX in the near future. The changes they made to the fund's modus operandi last year appear to have made no difference whatsoever; simply not a vehicle that is attracting any interest.

MFO summarized the highlights of the conference call when RNDLX reopened at the end of August 2013: http://www.mutualfundobserver.com/2013/10/october-1-2013/
Since reopening, assets have about doubled ($2 billion now, according to Morningstar). Performance has been good overall, but its 1-year and YTD returns are noticeably lagging, say, DoubleLine's massive DLTNX. It is making a strong comeback over the past month, though.
For what its worth, I had about half of my bond allocation in the fund for several years until about a month ago (with my luck, it was most likely before it made its comeback). I lowered my bond allocation and consolidated it all with PIMIX.

http://www.sec.gov/Archives/edgar/data/1370177/000139834415007116/fp0016523_497.htm
497 1 fp0016523_497.htm
RIVERNORTH FUNDS
RiverNorth/DoubleLine Strategic Income Fund
(Class I Ticker Symbol: RNSIX)
(Class R Ticker Symbol: RNDLX)
SUPPLEMENT DATED OCTOBER 28, 2015
TO THE PROSPECTUS DATED JANUARY 28, 2015
Effective after November 13, 2015, the RiverNorth/DoubleLine Strategic Income Fund (the "Fund") is closed to new investors. Unless you fit into one of the investor categories described below, you may not invest in the Fund.
You may purchase Fund shares through your existing Fund account and reinvest dividends and capital gains in the Fund if you are:
• A current Fund shareholder as of November 13, 2015;
• An investor who has previously entered into a letter of intent with the Fund or RiverNorth Capital Management, LLC prior to November 13, 2015;
• A participant in a qualified defined contribution retirement plan that offers the Fund as an investment option as of November 13, 2015;
• A wrap fee program or financial advisory firm charging asset-based fees with existing accounts as of November 13, 2015 purchasing shares on behalf of new and existing clients; or
• A client who maintains a managed account with RiverNorth Capital Management, LLC.
Except as otherwise noted, these restrictions apply to investments made directly with the RiverNorth/DoubleLine Strategic Income Fund through its Transfer Agent and investments made through financial institutions and/or intermediaries. Once an account is closed, the Fund will not accept additional investments unless you are one of the investors listed above. Investors may be required to demonstrate eligibility to purchase shares of the Fund before the Fund accepts an investment. Management reserves the right to (i) make additional exceptions that, in its judgment, do not adversely affect its ability to manage the Fund, (ii) reject any investment or refuse any exception, including those detailed above, that it believes will adversely affect its ability to manage the Fund, and (iii) close and re-open the Fund to new or existing shareholders at any time.
Dated: October 28, 2015
RIVERNORTH FUNDS
c/o ALPS Fund Services, Inc.
1290 Broadway, Suite 1100
1-888-848-7569
Please retain this supplement with your Prospectus for future reference.

"Tech funds are showing some spunk this year, as tech stocks have sunk less and rallied more since June."
PRGTX, USSCX, PRMTX, and FSCSX come up on my radar.
Article:
top-performing-tech-mutual-funds

As natural gas (UNG) prices drop further, how will this help or hurt Utilities funds such as GASFX, VUIAX...maybe even industrials (VINAX)?
Charting UNG, GASFX, VUIAX, VINAX:

http://www.sec.gov/Archives/edgar/data/822632/000119312515354880/d91280d497.htm
497 1 d91280d497.htm WILLIAM BLAIR FUNDS
WILLIAM BLAIR FUNDS
SUPPLEMENT TO PROSPECTUS DATED MAY 1, 2015 (AS SUPPLEMENTED JULY 1, 2015
AND SEPTEMBER 28, 2015)
The information below supplements the Prospectus for the William Blair Global Small Cap Growth Fund.
The Global Small Cap Growth Fund (the “Fund”) is closed to additional investment.
Upon the recommendation of the Adviser, the Board of Trustees determined that it was in the best interests of the Fund to redeem all the shares of the Fund outstanding on or about January 15, 2016 (the “Liquidation Date”), and then to terminate the Fund. Prior to the Liquidation Date, shareholders of the Fund may redeem their shares or exchange their shares for shares of another William Blair Fund. Any shares of the Fund that have not been redeemed or exchanged prior to the Liquidation Date will be redeemed automatically at their net asset value per share on that date.
The information below supplements the Prospectus for the William Blair Global Leaders Fund.
Effective January 1, 2016, Andrew G. Flynn and Kenneth J. McAtamney, each a Partner of William Blair Investment Management, LLC, will co-manage the William Blair Global Leaders Fund.
Dated: October 27, 2015
WILLIAM BLAIR FUNDS
222 West Adams Street
Chicago, Illinois 60606
Please retain this supplement with your Prospectus for future reference.
WILLIAM BLAIR FUNDS
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2015 (AS SUPPLEMENTED JULY 1, 2015 AND
SEPTEMBER 28, 2015)
The information below supplements the Statement of Additional Information for the William Blair Global Small Cap Growth Fund.
The Global Small Cap Growth Fund (the “Fund”) is closed to additional investment.
Upon the recommendation of the Adviser, the Board of Trustees determined that it was in the best interests of the Fund to redeem all the shares of the Fund outstanding on or about January 15, 2016 (the “Liquidation Date”), and then to terminate the Fund. Prior to the Liquidation Date, shareholders of the Fund may redeem their shares or exchange their shares for shares of another William Blair Fund. Any shares of the Fund that have not been redeemed or exchanged prior to the Liquidation Date will be redeemed automatically at their net asset value per share on that date.
The information below supplements the Statement of Additional Information of the William Blair Global Leaders Fund.
Effective January 1, 2016, Andrew G. Flynn and Kenneth J. McAtamney, each a Partner of William Blair Investment Management, LLC, will co-manage the William Blair Global Leaders Fund.
Dated: October 27, 2015
WILLIAM BLAIR FUNDS
222 West Adams Street
Chicago, Illinois 60606
Please retain this supplement with your Statement of Additional Information for future reference.

@Bitzer Yes, it certainly matters where they go and when they go there. And just to demonstrate how much difference there is between "non-traditional" bond funds, here's something I ran across several days ago, a rather cursory yet quantitative breakdown of the top 5 funds (with respect to total return) vs. the bottom 5 funds, from Aug 2013 thru Aug 2015:

It comes from
http://markovprocesses.com/blog/2015/08/examining-recent-winners-and-losers-in-the-nontraditional-bond-fund-category/
where you'll find more food for thought.

One small quibble, taxis will be 100% driverless by the time today's college students are middle aged.

If life expectancy is currently at 83 for women, that means 50% will live beyond age 83, and a good portion of those will live way beyond 83. As we tell folks all the time, "Tell me when you are going to die, and we will tell you exactly the path to take."

I would venture a guess that life expectancy of 83 year old women who are wealthy enough to seek out the services of a financial planners is higher than 50%.
Wealth and health (life expectancy) often are highly correlated. Check out a quick search result on the topic of:
"A wealthy man, born in 1920 who retired at age 65, could expect to draw Social Security for 19 years. His son, born in 1940 and retired at age 67, could expect to draw benefits for 24 years. Yes, he retired later, but he’s living longer.
This would not be true for men and women at the bottom. They would draw Social Security for fewer years, if the retirement age rises, and their longevity does not."
The Richer You Are the Older You’ll Get

and,
this chart highlights the change in life expectancy for each subgroup (men and women):

http://www.sec.gov/Archives/edgar/data/709364/000094937715000368/e37643_rdf-isi497.htm
497 1 e37643_rdf-isi497.htm
The Royce Fund
Supplement to the Investment, Service, and Institutional Class Shares Prospectus Dated May 1, 2015
Royce Micro-Cap Discovery Fund
The Royce Fund’s Board of Trustees approved a plan of liquidation for Royce Micro-Cap Discovery Fund, to be effective on December 8, 2015. The Fund is being liquidated primarily because it has not attracted and maintained assets at a sufficient level for it to be viable. As of October 9, 2015, the Fund was no longer offering its shares for purchase and was not accepting any investments in the Fund.
October 26, 2015
DSC-SUPP-CLOSE

Anyone other than me having a problem with opening a new account there. Sent application & check Oct. 13 or 14 . Check hasn't cleared & no account on record for ss # !!!!
Derf

"I don’t want to be caught owning bond funds in a rising rate environment. It’s much safer to own individual bonds and simply hold them to maturity. That way I am assured of getting my principal back and not taking any losses."
Sound familiar? I always find it fascinating when investors assume they can completely avoid risk in their portfolio without any ramifications. In this case, the individual bond advocates miss out on a few key points.
-Cliff Asness
misconceptions-about-individual-bonds-vs-bond-funds/
Cliff Asness, Top 10 Investment Peeves:
cfapubs.org/doi/pdf/10.2469/faj.v70.n1.2

Recent Article on why not to buy into the hype of alternatives:
" A combination of cash instruments like money markets and CDs along with a high-quality, short-term bond fund and a similar quality intermediate fund will do the trick."
alternative-to-what, making-money?

Two funds that come up on my radar in the multi-alternative space are PONDX and LSIZX.
PONDX (multi-sector bond fund) seems to goose performance with derivatives and is a strategy that charges ER of .79. LSIZX (nontraditional bond fund), though presently closed to new investors, combines mostly limited duration low quality bonds and charges again an ER of .79. Columbia Strategic Income has been around in one form or another since 1977.
To me, a fund manager is being paid (ER) to not only identify the types of multi-alternative investments that are the best performing, but to blend them in a manner that maximizes total return while attempting to minimize risk.
I like fund manager to have a wide mandate when it comes to these types of investment choices.

@davfor The expenses you pay as a shareholder in MASNX are actually higher than that. The e.r. of 1.74% does not include (1) dividend expense on short sales and (2) interest & borrowing costs on leverage line of credit carried by MASNX, should any/all of the subadvisors decide there is a reason to use it (right now, as far as I can tell, DoubleLine is the only advisor who is). When these costs are included, the fund's total expense (to shareholders) is 1.99%.
http://www.mastersfunds.com/alt?qt-tab_block_for_alt_fund=2#qt-tab_block_for_alt_fund

@JohnChisum You are welcome. M* pigeon holes ALNNX as a multialternative fund. The article highlighted MASNX which M* also categorizes as a multialternative fund. I have owned MASNX since shortly after it became available in 2011. The only thing that has frustrated me about it has been the 1.74% expense ratio. But, I guess having all those managers costs money. Its return has averaged 4% per year over the past 3 years. I have held MASNX in the "ballast pot" portion of my portfolio.

"The mutual fund industry has embraced its version of alternative investing, putting hedge-fund-like strategies into more than 700 mutual and exchange-traded funds that aim to provide the same risk/return profile with lower fees, more transparency, and daily liquidity."

To read the article, click on the top link in this Search

It is possible to set up an AIP in GPMCX with $100/month. I have called and confirmed.

Why post 14-month-old articles?
Eventide Gilead looks okay and its description is not all that different from PRBLX if you take out the God stuff:

... God’s great intent for business is that it serve and, in turn, bless humankind . . . and that companies that prosper best, and sustainably, are the ones who do this especially well.
Accordingly, Eventide seeks to invest in companies that operate with integrity and excel at creating value. In so doing we enlarge the capacity of these businesses to create still more value, including for our shareholders. Just as importantly, Eventide tries to avoid investing in companies that engage in predatory behavior or seek profit at all costs — practices which harm customers, society, and eventually shareholders.
They're Boston-based, looks like, so I will have to inquire of my rich finance friends if they know the people involved.