Thanks everyone for chiming in so far:

Also, you can invest directly with Icahn via Icahn Enterprises (IEP), although that's an MLP (so, K-1.) A substantial portion (I think 30% or thereabouts?) of IEP is in the Icahn hedge fund/s.
You can invest directly with Ackman via PSHZF (Pershing Square Holdings.)
Currently own neither, but just sayin' some alternatives.

For those considering GLRBX, Fidelity will let you swap it for its cheaper institutional class GLRIX (ER of .75% v. 1.00%) once you own at least $50K.

FYI: As has been widely reported in the financial media, 2014 was one of the worst years in recent memory for active managers.
Regards,
Ted
http://www.marketwatch.com/story/3-reasons-investors-still-buy-actively-managed-funds-2015-05-01/print

FYI: On February 18, while on vacation, I received a shocking phone call. My first mentor and boss, Wall Street icon Marty Zweig, had passed away. I've been extremely blessed throughout my 27-year career to work with some of the most transformative and legendary folks in the business. Marty was one.
I worked for him (and his partner at Avatar Associates, Ned Babbitt) for 13 years, starting in 1986 after I graduated from college. Another would be Louis Rukeyser, with whom Marty and I shared the "stage" on Wall Street Week for many years as regular panelists. And of course, I've had the great thrill of working for Chuck Schwab since 2000. It doesn't get any better than learning from these legends over the past 27 years.
Regards,
Ted
http://www.schwab.com/public/schwab/nn/articles/Reminiscences-of-Marty-Zweig-What-I-Learned-From-a-Market-Great

FYI: .–Warren Buffett‘s “Woodstock for Capitalists”, the annual meeting of his Berkshire Hathaway Inc., celebrated a major milestone this year: Mr. Buffett has now been at the helm of the conglomerate for 50 years.
Mr. Buffett played host to roughly 40,000 people at the company’s annual meeting Saturday, an event that swells the population of Mr. Buffett’s hometown by nearly 10% each year. Over the hours and hours of question-and-answer that are the hallmark of the meeting, Mr. Buffett and his vice chairman, Charlie Munger, fielded questions about investing and markets, Berkshire’s relationship with 3G Capital and its investments in International Business Machines Corp. and Coca-Cola Co.
MoneyBeat live-blogged the all-day event from Mr. Buffett’s first sip of cherry Coke to his last bite of See’s candy. Here’s how it all went down
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/05/02/live-analysis-the-2015-berkshire-hathaway-annual-meeting/tab/print/

FYI: The relative anonymity of target date bond ETFs could fade when the financial markets become convinced that the Fed will finally make its move to raise interest rates for the first time since December 2008.
Regards,
Ted
http://www.thinkadvisor.com/2015/05/01/a-little-known-bond-vehicle-for-when-interest-rate?t=fixed-income&page_all=1

For the first time in a long time, Japan is doing something about their economy. After so many PM's in a rotating door fashion, Shinzo Abe might be the one who turns this country around despite the setback of the Great Tohuko Quake, 03.11.11.

FYI: ACTX: Trade Like Carl Icahn With the Global X Activist Index ETF.
Author is a big believer in doing independent investment research. But I also believe that it’s never a bad idea to look over the shoulder of some of the best investors in the business for ideas.
Regards,
Ted
http://investorplace.com/2015/05/global-x-actx-activist-investors/print

FYI: How much longer can the sun shine on Japan's stock market?
The Tokyo Stock Exchange has been among the world's hottest for years and the Nikkei 225 index recently topped the 20,000 level for the first time since 2000. Usually when an investment is doing that well, euphoria ensues. But Japanese stocks have a long history of disappointing investors. The reputation is so strong that veteran managers say they're still encountering skepticism
Regards,
Ted
http://abcnews.go.com/Business/print?id=30708617

FYI: Dimensional Fund Advisors is as popular as hemp in a commune of hippies. According to Investment News, a 2014 survey said DFA’s investors were more loyal than investors with any other firm.
One reason is that the mutual fund company has posted strong performances. Bloomberg reports that nearly 90 percent of DFA funds with a 15-year track record beat their benchmarks. AssetBuilder regularly updates a series of DFA fund returns. They compare them to Vanguard’s funds. Their results often humble those of the indexing giant
Regards,
Ted
http://assetbuilder.com/andrew_hallam/how_dimensional_fund_advisors_really_earn_better_returns
M* DFA Fund Family: http://quicktake.morningstar.com/fundfamily/dimensional-fund-advisors/0C00004AKC/fund-list.aspx

Deleted post and graph. Speaking of one-fund lazy retirement portfolios, I tried to compare the two conservative five star funds listed here with my beloved junk bond funds over the past 10/15 years. I used one of my favorite five star junk bond funds and a present holding PHYTX. It was no contest with PHYTX the clear winner. But then I am biased! Junk bond funds are notable for their trend persistency and low volatility making them amenable to various trading methodologies using tight stops. Yes, I know 2008 was a disaster but the tight stop methodology would have kept you out of harm's way.

I'll chime in here...
Anyone should feel fortunate to have owned either one over the last couple cycles.
Bee's right on the money...VWINX has outperformed GLRBX both in absolute return, with less volatility (although slightly worse MAXDD), higher dividend yield, and lower expense ratio.
These folks seem to have the magic formula for a long, long time...about as long as interest rates have been going down.
Across the current market cycle:

Across the last:

Like the referenced article suggests, why would anyone and especially retired folks consider anything else?
Hmmm...
Well, I do believe that the last time VWINX was not in top quintile was four market cycles ago...during a period of raising interest rates:

GLRBX has not been around that long:

https://www.google.com.ph/search?site=&source=hp&ei=XHBFVbXoL47VuQTaoYCoDg&q=+Alleged+Fund+Fraud+Exposes+Cracks+In+Securities+Pricing&oq=+Alleged+Fund+Fraud+Exposes+Cracks+In+Securities+Pricing&gs_l=mobile-gws-hp.12...18075.18075.0.20438.2.2.0.1.1.0.324.501.0j1j0j1.2.0.msedr...0...1c.2.64.mobile-gws-hp..2.0.0.0.WZpnn2OXsAc
Quite the link but it might work. It did for me

@ MFO Members:
Total Return: GLRBX Is Winner
1wk. 13wk. YTD 1yr. 3yr. 5yr. 10 yr.
GLRBX James Adv:Bal GR;Retail -0.86% 2.37% 2.95% 7.12% 8.89% 9.01% 7.47%
VWINX Vanguard Wellesley;Inv -0.50% 1.03% 1.78% 5.79% 8.04% 8.97% 7.31%

Hi Ted,
VWINX has a lower 3-year, 5-year, 10-year, and 15-year Standard Deviation, a measurement important to me.
Best Regards,
Mona

From M*: Matthews has announced that this diversified Asia-Pacific Japan fund, which closed in June 2013, will reopen to new investors on April 30, 2015. (Matthews Pacific Tiger MAPTX, which closed in October 2013, will remain off limits to most new investors.)

@MFO Members: The AQR White Paper in case you missed it.
Regards,
Ted
http://www.mutualfundobserver.com/discuss/discussion/20715/dailyalts-aqr-deactivates-active-share-in-new-white-paper#latest

@Charles I am revising the May 2 post I made yesterday during my daily MFO visit. It was made shortly before I left on a cross country plane ride and it didn't really make my point. Here is a second effort.
The fund family rankings are a great idea! Its important to point the way towards fund families that are successful at helping mutual fund investors achieve their long term goals.
The Turner Investment screen prints you posted above make sense to me. My concern still relates to the proposed “Fund Family Score Card”. The intended audience is not clear to me. That audience might be significantly broader than the audience that routinely views the detailed screens. If so, then some sort of additional data or some kind of qualifying statement in the main body of the score card might be warranted.
Here are my reasons for continuing to think that way. Per my original example, I am looking again at the Turner Investment data. Here are the number of funds that have beaten their respective category averages over various time periods:
Life time: 5 of 6. (This is the basis of the Top Fund Family ranking.) Those funds are:
TSCEX +2.1, Originated in 1994
TMGFX +1.5, Originated in 1996
TMCGX +9.5, Originated in 1998
TSPEX +2.8, Originated in 2009
TMSCX +10.0, Originated in 2011
Here is out performance data based on the other relevant MultiSearch time periods:
Full Cycle 4 (09/00 to 10/07): 1 of 3 (TMCGX +7.7) originated in 1998
Full Cycle 5 (11/07 to 03/15: 0 of 3
Last 20 years: 1 of 1 (TSCEX +1.6) originated in 1994
Last 10 years: 1 of 3 (TSCEX +0.2) originated in 1994
Last 5 years: 1 of 4 (TSPEX +2.1) originated in 2009
Last 3 years: 2 of 6 (TMSCX +14.4, TSPEX +2.4) originated in 2011
Lifetime fund out performance appears in all cases to be based on an initial surge of out performance by each fund. Is this characteristic representative of a "superior" fund family that has been around for over two decades? (I realize the jury is still out on TSPEX and TMSCX.)
Part of this thought circles back to my original comment about Fund Turnover (survivor-bias). I am remembering back to the turn of the century and new Turner funds like TTPOX, TGTFX, TBTBX, and TIWCX. None of those funds are still around. (I wondered if enough long-term survivor-bias data was available to flesh out this characteristic.) But, this issue does relate to the characteristics of a superior fund family.
That's enough....The fund family ranking will definitely be a plus as far as I am concerned!

From the research paper "Patient Capital Outperformance". I know the AQR paper which tries to downplay active share was highlighted in this months issue.....but I think this is worth checking out http://blog.alphaarchitect.com/2015/04/30/is-passive-perfect-high-active-share-long-term-investing-works-better/

its managers have been on the job only since right before the crash, so some might prefer GLRBX based on tenure alone. But again, best to own both.

Here's a chart with performance since the crash (click on image to view more clearly):