https://www.sec.gov/Archives/edgar/data/1355064/000158064224006058/alpha-497.htm
497 1 alpha-497.htm
AlphaCentric LifeSci Healthcare Fund
CLASS A: LYFAX CLASS C: LYFCX CLASS I: LYFIX
(the “Fund”)
October 7, 2024
This information supplements certain information contained in the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated August 1, 2024.
______________________________________________________________________________
Effective on or about November 1, 2024, the Fund’s name will change to “AlphaCentric Life Sciences and Healthcare Fund”.
* * * * *
You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated August 1, 2024, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-844-ACFUNDS (1-844-223-8637) or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.
Please retain this Supplement for future reference.

"Two pioneers of artificial intelligence – John Hopfield and Geoffrey Hinton – won the Nobel Prize in physics Tuesday for helping create the building blocks of machine learning that is revolutionizing the way we work and live but also creates new threats to humanity, one of the winners said.....Hinton, who is known as the Godfather of artificial intelligence, is a citizen of Canada and Britain who works at the University of Toronto and Hopfield is an American working at Princeton."
https://apnews.com/article/nobel-prize-physics-fc0567de3f2ca45f81a7359a017cd542

@WABAC: even OSTIX was down a penny. On the back of SMCI (+15.79%), DGIFX and NAEIX rose today. Comeuppance sure to follow soon.

BaluBalu said:
MRFOX down today 1.41% which is unusual.
Take a peek at the top 10 holdings. ROST down -3.75%, ACGL -6.16%, DPZ -3.6%, TJX -2.23%.
MRFOX is heavy on retail - consumer cyclicals. Retail had a bad day.

balubalu: here's what happened last may, tho i don't fully understand it: https://www.artemis.bm/news/cat-bond-market-suffers-one-of-its-biggest-non-loss-event-weekly-declines-icosa/. other than that drop, i don't see any other significant ones in the past year or two.

Today, EMPIX is down 2.4%, SHRIX down 3.13%, but CBYYX is unchanged. Very inconsistent if the effect is from Helene devastation. On May 3rd, CBYYX was hit the hardest and SHRIX was unchanged.

https://www.sec.gov/Archives/edgar/data/1609706/000158064224006057/crossshore-497.htm
497 1 crossshore-497.htm
CROSS SHORE DISCOVERY FUND
Institutional Shares
Supplement dated October 7, 2024
to the Prospectus and Statement of Additional Information dated July 29, 2024
The Board of Trustees has determined that it is in the best interest of shareholders to liquidate the Cross Shore Discovery Fund (the “Fund”).
As of the date of this supplement, the Fund is no longer accepting purchase orders for its shares and it will close effective December 31, 2024 (the “Closing Date”). Distributions to shareholders will be made within seven business days following the calculation of the December 31, 2024 net asset value of the Fund, which is expected to occur on or about January 29, 2024.
Effective immediately, the Fund is no longer pursuing its investment objective. All holdings in the Fund’s portfolio are being liquidated, and the proceeds will be invested in money market instruments or held in cash.
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax adviser regarding the consequences of a redemption of Fund shares. If you receive a distribution from an Individual Retirement Account (IRA) or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another IRA within 60 days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you are the trustee of a qualified retirement plan or the custodian of a 403(b)(7) custodian account (tax-sheltered account) or a Keogh account, you may reinvest the proceeds in any way permitted by its governing instrument.
*****
PLEASE RETAIN FOR FUTURE REFERENCE.

https://www.sec.gov/Archives/edgar/data/1355064/000158064224006059/alphstrategic-497.htm
497 1 alphstrategic-497.htm
AlphaCentric Strategic Income Fund
Class A: SiiaX Class C: SiicX Class I: SiiiX
(the “Fund”)
October 7, 2024
This information supplements certain information contained in the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated August 1, 2024.
______________________________________________________________________________
Effective on or about November 1, 2024, the Fund’s name will change to “AlphaCentric Real Income Fund”.
Effective on or before November 5, 2024, AlphaCentric Advisors LLC intends to retain CrossingBridge Advisors, LLC (“CrossingBridge”) as the new investment sub-advisor to the Fund, subject to approval by the Board of Trustees of the Fund. CrossingBridge is a boutique investment firm specializing in corporate credit, with an emphasis on high yield debt and opportunistic credit. CrossingBridge manages over $3.2B in assets across nine funds and includes a management team of nine investment professionals with an average of 20+ years of investment experience. The Fund’s investment strategy and focus on real estate related securities will remain intact. Additional information regarding the sub-advisory services provided to the Fund will be made available on or before November 5, 2024.
Effective on or before November 5, 2024, Goshen Rock Capital, LLC will no longer serve as the investment sub-adviser of the Fund.
* * * * *
You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated August 1, 2024, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-844-ACFUNDS (1-844-223-8637) or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.
Please retain this Supplement for future reference.

@BaluBalu."

Hi @Dennis,
MRFOX down today 1.41% which is unusual. Do you by any chance know the fund's 2023 annual distribution date? In prior years, based on M* info, it distributed in mid December. Why can not I locate prior year distributions at the fund site?
I also noticed that the fund website has a lot of tabs but the info is sparse / stale. Most funds' websites readily show expense ratio and I just realized that one has to go the prospectus document to know this fund's expense ratio. Am I not looking in the right place?
https://marshfieldfunds.com/fund-facts/
P.S.: the fund total return since the beginning of April is 1%. I can not find an investment or money market in my account with that total return!

B just became available.
apollo-funds-to-take-aerospace-parts-maker-barnes-group-private

I see a lot of chatter in this page and it seems a lot of it is surrounding FD. Without me having to digest all of it,
1) what does FD say about the prospects going forward for QQMNX or the L/S category (the, QQMNX category)?
2) Does he say it is a good category to be in, irrespective of specific fund's prowess?
3) If yes, does he think QQMNX is a good fund to be in that category?
4) If yes to 2 or 3, are his hoped for prospects for a trade or for B&H investing over 1, 3, or 5 yrs?
I only need 1 or 2 word answers for the above. Pl note that I am only interested in prospects (future). I do not need any reasoning, because I trust anyone posting here is intellectually honest to the best of their abilities. I am perfectly OK if someone's crystal ball gives them a wrong answer.

America Risks Running Out of Tickers for Single-Stock ETFs
https://finance.yahoo.com/news/america-risks-running-tickers-single-114608198.html
Hoarding and stockpiling tickers, proliferating leveraged single-stock ETFs, 'fierce' competition .... what could go wrong for the Average Investor here?

“I also posted … why high-rated funds were terrible in the last 10 years “
@FD / Wouldn’t it help people more if you posted what different investments will do in the next 1, 5, 10 years rather than what they did in the past?
You seem to be inventing your own definition of “trader” vs “investor.” I’m not sure if there exists a rigid definition of “trader.” You are entitled to your own like anyone else. For day trading the SEC does have a definition. But it’s several times weekly, not yearly.
Here’s a legal definition of frequent trading
Here’s some SEC definitions of day trading
Of course, various mutual fund providers also have definitions for frequent trader. These can vary from one provider to the next.

@MikeM, I did understand you pretty well. Racqueteer's answer was excellent, explaining it further. There are so many styles between traders to B&H for ever.
You could have constructed a very nice portfolio in 2010 just to find out that your decent VALUE or EM funds have lagged SPY/VOO by a big margin.
On the other hand, the same funds above lost money for 10 years.
I also posted how PIMIX did great and then ICMUX did much better + why high-rated funds were terrible in the last 10 years.
The above examples are not monthly or even yearly trades, these are at least 3 years in the same fund. It shows it would be difficult to construct a portfolio that works well in all markets.
So, when someone says she is not a trader on these boards, it's hard for me to believe it.
Did you trade 2-3 times per year? You are a trader.
Did you trade only 30% of your portfolio? You are still a trader.
There are not many posters who bought 10 funds 5 years ago and created their "perfect" portfolio and haven't done 3-5 and more changes.
Most of the ones who owns their funds for years are indexers and or Bogleheads.

The SP500+QQQ has been great since 2010. From 2000 to 2010, the SP500 lost about 10% and QQQ lost almost half.
FAIRX was a great fund during 2000-10 but has been far behind since 2010.
ICMUX made more than PIMIX for 3 years (chart)
But PIMIX made more from 2015 to 2020 (chart) and PIMIX management is pretty good.
Based on my history of following many funds, I hardly ever found a fund that stays at the top every 2-3 years. Maybe PRWCX is the exception.

@FD1000, you totally didn't understand or ignored what I said. My opinion is that, for most investors (not traders), it's the portfolio construction that matters more so than individual funds. Of course no fund stays in the top tier of category year in and year out. But there are plenty of funds that stay consistently good over time and fill that portfolio segment, like ICMUX.
Your comparative selection of funds above is all in hindsight and therefore irrelevant to portfolio construction IMHO.

https://www.sec.gov/Archives/edgar/data/315774/000143510924000385/beehive497e.htm
497 1 beehive497e.htm
THE BEEHIVE FUND
A series of Forum Funds
Supplement dated October 7, 2024 to the Prospectus and Statement of Additional Information
dated May 1, 2024
IMPORTANT NOTICE REGARDING PROPOSED FUND REORGANIZATION
At a meeting held on October 4, 2024, the Board of Trustees of Forum Funds (“Board”) approved, subject to shareholder approval, a proposal to reorganize The BeeHive Fund (the “Fund”), a series of Forum Funds, into newly created, exchange-traded series (“ETF”) of Tidal Trust III, the BeeHive ETF (the “Acquiring Fund”), whereby the Acquiring Fund will acquire the assets and assume the liabilities of the Fund. Cannell & Spears LLC (“Cannell”), the investment adviser to the Fund, recommended the transaction (“Reorganization”) to the Board. The Reorganization is intended to qualify as a tax-free transaction for federal income tax purposes.
In order to approve the Reorganization, Fund shareholders will receive a proxy statement to vote on an agreement and plan of reorganization (“Plan”) at a special meeting of shareholders, which will be held on or about November 26, 2024 at the offices of Forum Funds, Three Canal Plaza, Portland, Maine 04101. If approved by shareholders, the Reorganization is expected to occur in December 2024. Expenses associated with the Reorganization will be borne by Cannell.
If shareholders approve the Reorganization, the Fund will transfer all of its assets and liabilities to the Acquiring Fund in exchange for shares of the Acquiring Fund, and the Fund’s shareholders will receive shares of the Acquiring Fund with a value equal to the aggregate net asset value (“NAV”) of their Fund shares immediately prior to the Reorganization, except any fractional Fund shares will be redeemed for cash. The Acquiring Fund’s investment objectives, principal strategies, principal risks and investment limitations will be substantially the same as the Fund’s, and the Acquiring Fund’s expense ratio will be lower than the Fund’s. Although Cannell will be the investment sub-adviser to the Acquiring Fund and Tidal Investments, LLC (“Tidal”) will serve as the investment adviser, the same portfolio managers who are employees of Cannell will continue to be responsible for day-to-day management of the Acquiring Fund. Shareholders of the Fund will not pay any sales load, commission, or other similar fee in connection with the Reorganization. After the Reorganization, shareholders may only purchase or sell shares of the Acquiring Fund on a national securities exchange at prevailing market prices through a broker-dealer.
In connection with the Reorganization, the Fund will close to purchases by new shareholders on or about November 29, 2024. Fund shareholders may continue to purchase shares of the Fund until December 6, 2024.
If you hold Fund shares at the Fund’s transfer agent (e.g., not through an omnibus account) or in a brokerage account that only allows you to hold mutual fund shares, you will need to set up a brokerage account that permits investments in ETF shares prior to the Reorganization. If such a change is not made before the Reorganization, you will not receive shares of the Acquiring Fund as part of the Reorganization. Instead, you will receive cash equal in value to the aggregate NAV of your Fund shares as of the date of the Reorganization, which will be a taxable event.
* * *
For more information, please contact a Fund customer service representative toll free at
(866) 684-4915.
PLEASE RETAIN FOR FUTURE REFERENCE.

10 yr at 4.02%. Make your prediction for Q4, 2024 peak.

https://www.sec.gov/Archives/edgar/data/1120543/000110465924106519/tm2425464d1_497.htm
Baillie Gifford U.S. Discovery Fund (I & K share classes)
Baillie Gifford Health Innovation Equities Fund (I & K share classes)

Good observation but most articles that discuss bonds mean treasuries or high rated bonds.
Last week BND,DODIX lost 1.2%.
But, HY munis (ORNAX,MMHAX) were flat last week.
Bank loans (EIFAX) and ICMUX also made money last week.

It's my perception that people who move in and out of funds are "fund" investers, maybe even collectors, not over-all "portfolio" investors. My hope is having a portfolio that trends upward with the least amount pf volatility I can obtain. The portfolio is, hopefully, made up of managers and a mix of fund type with a winning long-term history. Not the best fund that month or year. If ICMUX has a so-so year, I don't jump out to get into the hot fund at the time. ICMUX, and I'm just using this fund as an example, has history of good management and returns and a risk level that fits the portfolio.... Is there better funds at this precise time? Probably. Just another 2-cents.

Good management is not guaranteed to be good every year or even several years and in every situation and/or market.
I never believed in diversification either because it led to lower performance for years.
BTW, in very high risk markets, you learn pretty quickly that most funds sink together. You even learn that bonds don't always save you, think 2022.
The SP500+QQQ has been great since 2010. From 2000 to 2010, the SP500 lost about 10% and QQQ lost almost half.
FAIRX was a great fund during 2000-10 but has been far behind since 2010.
ICMUX made more than PIMIX for 3 years (chart)
But PIMIX made more from 2015 to 2020 (chart) and PIMIX management is pretty good.
Based on my history of following many funds, I hardly ever found a fund that stays at the top every 2-3 years. Maybe PRWCX is the exception.
In bondland the exceptions are so much better and can last for months, sometimes years.
An extra of 3% in bondland annually for many retirees is so good that you can own a small % in stocks (or none) with a much lower volatility portfolio.
The investors who believed in B&H; in the last 10 years, the most recommended bond fund, BND (US Total index) made just 1.7% average annually, far behind inflation.
In the last year, I owned 2 bond funds for most months and hardly traded. Not every trader changes funds every week/month. I always admitted I'm a trader but I see many who trade so much more than me and claim they don't.