FYI: Among the mysteries about the incoming administration, Donald J. Trump’s approach to antitrust laws stands out for its importance. Mr. Trump gained a lot of voter support because of the stagnation of working-class living standards in the face of record corporate profits.
Sensing this, he channeled populist anger against elite corporations by, for example, calling the proposed merger between AT&T and Time Warner “too much concentration of power in the hands of too few.”
But the real challenge to competitive markets today does not come from mergers like this one. The great, but mostly unknown, antitrust story of our time is the astonishing rise of the institutional investor — a large company, like a mutual fund company, insurance company, pension fund or asset management firm, that buys stock in substantial quantities for the benefit of clients and customers — and the challenge that it poses to market competition.
Regards,
Ted
http://www.nytimes.com/2016/12/07/opinion/a-monopoly-donald-trump-can-pop.html?rref=collection/timestopic/Mutual Funds&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection

FYI: (Click On Article Title At Top Of Google Search) "A Top Dividend Fund's Newest Favorites"
This column has warned on several occasions about the perils of chasing yield. The strategy became increasingly popular this year with bond yields so low, their recent uptick notwithstanding.
In the past decade, however, the SunAmerica Focused Dividend Strategy Portfolio (ticker: FDSAX) has had success investing in undervalued stocks with above-average yields. Its annual return over that stretch, around 10%, bested the Standard & Poor’s 500 index by more than three percentage points, placing the fund at the top of Morningstar’s large-cap value category. The $13.4 billion fund recently reconstituted its holdings, which it does once a year, and the changes offer some ideas for income-seeking investors.
Regards,
Ted
https://www.google.com/#q=a+top+dividend+funds+newest+favorites+barron's
M* Snapshot FDSAX:
http://www.morningstar.com/funds/XNAS/FDSAX/quote.html
Lipper Snapshot FDSAX:
http://www.marketwatch.com/investing/Fund/FDSAX
FDSAX Is Ranked 376 In The (LCV) Fund Category By U.S. News & Wprld Report:
http://money.usnews.com/funds/mutual-funds/large-value/sunamerica-focused-dividend-strategy-por/fdsax

Has anyone posted re: Mairs & Power? Here it is:
Growth, Balanced and Small-Cap.
https://www.mairsandpower.com/news-and-updates/208-2016-capital-gains-and-dividends

Dow gained what? 100 points or so Friday? My holdings were flat. Anything related to bonds fell. My bond funds are pretty tame - things like RPSIX (actually Multi-Sector Income) and DODIX (which Lipper calls Short/Intermediate Corporate). Not discouraged - still best year since '09 by far.
I have a premonition that the FOMC (Federal Open Mouth Committee) may be getting a bit concerned about the super-hot market. While they're likely to raise rates only a quarter point next week (as most watchers expect), there may be language in their statement about future intentions and their view of the economy that could jar the markets. Additionally, they've been in self-imposed black-out mode for several days now before the meeting. After the meeting the members will again be free to sound-off publicly. Could get interesting.
Hmm ... If you liked 10 year bonds yielding 1.5% ... you should love them yielding 2.5%. No?

Not that estimates are ever accurate, but inconsistent dates raise additional questions about the JPMorgan Funds.
The cap gains estimates (posted above by shadow):
https://am.jpmorgan.com/blob-gim/1383381886694/83456/2016 JPM Funds Capital Gains Estimates - Final Posting.pdf?segment=AMERICAS_US_ADV&locale=en_US
This page,created Oct 12, shows record dates of Dec 13-15, depending on fund.
Another page, created November 11, shows record dates (but not estimates) for income and cap gains distributions shows record dates of Dec 19, 27, and 29, depending on the fund.
https://am.jpmorgan.com/blob-gim/1383373248579/83456/4Q-Dividend-Calendar.pdf?segment=AMERICAS_US_ADV&locale=en_US
It's possible that for funds distributing both income and cap gains divs, this page is reporting the record date for the income divs (which are typically on the same date as cap gains or later). So that could explain the mismatch.
Regardless, this mismatch makes me somewhat more suspicious than normal about the estimates.

Article title should be: "This Fund Reinforces The Case For Passive Management"
I really need to add GOODX to my POST on 12/2/2016.
Please explain why I should even consider the opinions of the managers whose fund has had incredibly poor returns and risk metrics (sharpe ratios, sortino ratios) over the past 3 and 5 year periods ?
If you are invested in this fund, please sell it immediately. Believe SPIVA, not these managers.
Kevin

"Investors" or TRADERS, eh? I stay away from stuff I can't understand, or have doubts about my ability to make them work--- like puts and calls and shorts, whether boxers or jockeys. My allocation to global bonds pleases me, through thick and thicker. Diversification through ups and downs. Then Market movements don't freak me out. A good fellow I know told me that uncle Donald was costing him money already, and he's not even inaugurated, yet. This fellow put ALL his investments (401k) in "safe" bonds, then pulled it all into a "zero-risk-zero-return" MM fund when the bonds actually went DOWN after the election. Don't be spread too thin, but all eggs in one basket is NOT what to do. And this fine fellow I refer to has a degree in nuclear physics!

I agree with your sentiments regarding the bond market. Same for stocks. It's been proven that jumping in and out is about the worst thing you can do -- for most of us mortals anyway.
Haha @ ol' Rodney! King of the one-liners. Look him up on Youtube on Tonight Show appearances. You'll be rolling on the floor.

"Investors" or TRADERS, eh? I stay away from stuff I can't understand, or have doubts about my ability to make them work--- like puts and calls and shorts, whether boxers or jockeys. My allocation to global bonds pleases me, through thick and thicker. Diversification through ups and downs. Then Market movements don't freak me out. A good fellow I know told me that uncle Donald was costing him money already, and he's not even inaugurated, yet. This fellow put ALL his investments (401k) in "safe" bonds, then pulled it all into a "zero-risk-zero-return" MM fund when the bonds actually went DOWN after the election. Don't be spread too thin, but all eggs in one basket is NOT what to do. And this fine fellow I refer to has a degree in nuclear physics!

FYI: During the past six weeks, investors have pulled $34 billion from global bond funds, according to a weekly fund-flows report from Bank of America Merrill Lynch. That’s the longest run of declines since the so-called bond-market “taper tantrum.”
Regards,
Ted
http://www.marketwatch.com/story/bond-funds-losing-money-in-roughest-stretch-since-taper-tantrum-of-2013-2016-12-09/print

FYI: Helping investors find quality stock opportunities in foreign markets, Janus Capital Group launched a smart-beta dividend exchange traded fund that targets global companies with a solid track record.
The Janus SG Global Quality Income ETF (NasdaqGM: SGQI) began trading Thursday. SGQI has a 0.45% net expense ratio.
Regards,
Ted
https://www.etftrends.com/2016/12/janus-rolls-out-a-global-quality-dividend-etf/

@hank: One I don't watch CNBC, and two I have never said investors haven't done well under Obama, and three I predicted a double digit advance for the S&P 500 at he beginning of 2016 long before we knew Trump would become president. Am I patting myself on the back, you better believe I am !
Regards,
ted

@Ted, Feeling a little giddy are we? (You need to stop watching CNBC.)
"Consider that had you been prescient enough to buy shares of a low-cost stock index fund on Mr. Obama’s first inauguration day, on Jan. 20, 2009, you would now have tripled your money. Stock market performance of this level has rarely been surpassed. (Article from August, 2016) " http://www.nytimes.com/2016/08/21/your-money/the-obama-years-the-best-of-times-to-be-a-stock-investor.html?_r=0

@openice, thanks again! I missed the discussion about her experience at Wasatch so thanks for filling in those blanks.
Isn't it a bit strange though. I know she was investing in some of the smaller emerging markets but the entire frontier markets universe, according to MSCI, has a market cap of $137 billion and the largest single company is $5.7 billion. Of course the strong dollar has made those numbers smaller in the last few years but its not exactly easy to be "all-cap" unless you consider it relative to frontier markets specifically rather than globally.
The idea of go anywhere, do anything has been tried a few times before and not many that I'm aware of have succeeded particularly well. It will be interesting to see how she does and I hope it works well because she'll almost certainly have some of my money.

Two years might be exaggerating a little bit. More like one year to 18 months. Any chart of the major US indexes shows a flat to down trend.

While it is well ahead of the S&P500 index this year, it is only slightly ahead of the more appropriate (for this fund) midcap index. And it significantly underperformed both indices in 2013, 2014, and 2015. Doesn't look like a good fund to me.

The Marketwatch piece is a little late. Goodx was profiled in Barrons in October
http://www.barrons.com/articles/a-top-fund-makes-the-value-case-for-verizon-1475905159
I too looked at it then but couldn't get past the M* analysis where a quick glance at the chart will show that while it has done Ok in the last year, the 3, 5 and 10 year records are awful.
there are a lot better mid cap value funds out there

Per the article,
"The suddenly booming stock market has prompted fund managers who had been hoarding cash amid economic and political uncertainty to put money to work at the fastest rate since 2009. According to Bank of America Corp.’s latest survey in November, cash levels plunged to 5 percent from 5.8 percent in October.
Investors are fretting they’ll miss out on a year-end rally. They added almost $50 billion to exchange-traded funds that track U.S. equities last month, the most since Bloomberg began tracking the data since 2000.
“US equity investors have focused more on hope than fear since Donald Trump’s election,” David Kostin, chief U.S. equity strategist at Goldman Sachs Group Inc. wrote in his 2017 outlook."
Well...so after one of the biggest run-ups in market history, investors start piling in now. Sounds good...happy days are here again!

FYI: Can Trump's Policies Match Investor Expectations?
Donald Trump is doing to U.S. equity bears what seven years of economic stimulus rarely could: shut them up.
Two years of paralysis has for now ended in stocks, with more than $1 trillion added to shares values since Election Day and the Dow Jones Industrial Average looking bound for 20,000. Both the Dow and S&P 500 Index jumped to fresh records Wednesday, joined by transportation companies and small caps, while banks traded at eight-year highs.
Regards,
Ted
https://www.bloomberg.com/news/articles/2016-12-07/trump-bull-market-bounty-tops-1-trillion-as-bear-cases-go-quiet

In a 2014 paper, AQR noted the role of low-cost leverage in Buffett's returns. Not certain why that was left out in the article. http://www.econ.yale.edu/~af227/pdf/Buffett's Alpha - Frazzini, Kabiller and Pedersen.pdf
Nick de Peyster
http://undervaluedstocks.info/

Haha, pick a start date. This one was in the subject line.
I mean, you can start end 1992 also :) , to make Vanguard look especially comparatively paltry. As Groucho did not say, 'That is my timespan. If you don't like it, I have others.'
Yes, funds that survived, always.