AAII Sentiment Survey, 12/4/24
BULLISH became the top sentiment (48.3%, high) & neutral remained the bottom sentiment (21.0%, low); bearish became the middle sentiment (30.7%, average); Bull-Bear Spread was +17.6% (above average). Investor concerns: Budget deficit, debt, inflation, the Fed, dollar, geopolitical, Russia-Ukraine (145+ weeks), Israel-Hamas (60+ weeks). For the Survey week (Th-Wed), stocks up, bonds up, oil down, gold up, dollar up. NYSE %Above 50-dMA 62.55% (positive). The dollar seems to be consolidated for a technical bounce. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1760/thread

This Fund’s closing or not closing at $1b is of no relevance to me when the complex manages another $5b in the same strategy. That is the AUM I recall seeing when I checked it’s SAI the last time. That number may be higher now. How did this Fund’s closing even become a topic of importance? In any case, I have never seen a mid to large cap (growth?) fund closing at $1b AUM. Not sure why the manager would do that. From my perspective, they can have $5b in the fund. The boatload of SMAs take up disproportionately more resources than the single OEF.

It's been a solid performer, but yes.... very highly concentrated.
Top 10 Holdings
(as of 09/30/2024) % of Net Assets
Cash & Cash Equivalents 25.40%
Ross Stores 9.11%
AutoZone 9.01%
Arch Capital Group 6.29%
O’Reilly Automotive 6.09%
Cummins 5.43%
Mastercard 4.61%
Domino’s Pizza 4.45%
TJX Companies 4.15%
Visa 4.00%
I recall mention that they could possibly close this fund once it hits $1B AUM, which it now approaches.

update:
Special meeting of shareholders:
https://www.sec.gov/Archives/edgar/data/923184/000119312524270653/d884968d497.htm

I am probably one of the few hold outs here with this investment.
As of 8/31/24, the last date when the full holdings are available, the fund held 16 investments. That is beyond being concentrated. It also held 25% cash. The US market seems uninvestible for this manager!

See this earlier ETF post.
https://www.mutualfundobserver.com/discuss/discussion/62506/brookmont-catastrophic-bond-etf-in-registration
Most recent filing from November:
https://www.sec.gov/Archives/edgar/data/1771146/000183988224040421/brookmont-485bxt_112124.htm

Does this have a ticker yet? Dec 19 is only two weeks away.

See this earlier ETF post.
https://www.mutualfundobserver.com/discuss/discussion/62506/brookmont-catastrophic-bond-etf-in-registration
Most recent filing from November:
https://www.sec.gov/Archives/edgar/data/1771146/000183988224040421/brookmont-485bxt_112124.htm

Called Marshfield Funds earlier this week and was told: MRFOX record date 12/13/2024, reinvestment date 12/16/2024, STCG $0.512150/share, LTCG $0.636156/share. I didn't note any dividends, but that could be an error on my part or they're not yet determined. I see no mention of this on their web site.

But he won't pay $57b in taxes... no matter what.

I was going off of @msf post. I did not read the links in his post. That is why I said “if”.
In any case, it is a redistribution of wealth from other shareholders to Elon. I presume none of us here are TSLA shareholders and why do we care about its shareholders who repeatedly want to reward him. I am more interested in how much taxpayers make.
Would taxpayers (we) come out ahead if his comp is accepted by the courts? If so, by how much?

But he won't pay $57b in taxes... no matter what.

If Elon is going to pay $57b in tax in 2024 as a result of the pay package, we should welcome the extra money to the Govt coming purely from other Tesla shareholders. I do not think he can do more harm or good with an extra $43b. Let him have it. I would focus on what we can get rather than what he may get.

OTOH, if he does get the options restored, he may have to pay 57% in taxes. That should go pretty far in funding SNAP.
Elon Musk May Owe 57 Percent Tax on Tesla Options in 2024

Maybe Orange can transfer some of his many "Tax Credits" over to Musk.

I guess Elon will be on line applying for food stamps now.
The $110 billion budget for food stamps (SNAP) should just about cover him. Unless he pushes to eliminate SNAP as part of improving government "efficiency".
OTOH, if he does get the options restored, he may have to pay 57% in taxes. That should go pretty far in funding SNAP.
Elon Musk May Owe 57 Percent Tax on Tesla Options in 2024
Summary: https://www.greenbergglusker.com/publications/elon-musk-may-owe-57-percent-tax-on-tesla-options-in-2024/
Full explanation: https://www.greenbergglusker.com/content/uploads/2024/07/S.-Moore.pdf

December 4, Wednesday, 7AM EST update article

At this time: Opposition parties submitted the impeachment motion just hours after parliament unanimously voted to cancel Yoon’s declaration, forcing him to lift martial law about six hours after it began.

BLK has been more profitable since its 1999 IPO than the Nasdaq or S&P indices, returning 20.7% per annum. That kind of performance means the shareholder could easily afford an accountant to figure out the K-1 form at tax time.
https://x.com/Schuldensuehner/status/1841113085873930379/photo/1

Thanks. Now, I see the +ve mark at M*. The distribution probably is about 9.5%, similar to last year.
As an aside, I think last year total return was much higher than in 2024.
Good that various funds in the space go ex on different dates.

https://www.sec.gov/Archives/edgar/data/806633/000119312524269473/d914255d497.htm
Effective January 31, 2025, JB Taylor will no longer be a portfolio manager for the Wasatch Core Growth Fund, Wasatch Global Opportunities Fund and Wasatch Small Cap Growth Fund. Therefore as of January 31, 2025, all references to JB Taylor are hereby deleted.

https://www.sec.gov/Archives/edgar/data/1281790/000116204424001335/frankfundswesthillsliqsupple.htm
497 1 frankfundswesthillsliqsupple.htm
West Hills Core Fund
LEBOX
a series of the Frank Funds)
Supplement dated December 3, 2024 to the Prospectus,
Statement of Additional Information ("SAI") and Summary Prospectus dated November 1, 2024.
On November 26, 2024 the Board of Trustees (the "Board") of Frank Funds (the "Trust") determined that it is in the best interests of shareholders to liquidate the West Hills Core Fund (the "Fund"), a series of the Trust, following a recommendation by the Fund's investment adviser, Frank Capital Partners, LLC. The Board has determined to liquidate the Fund with the liquidation payment to shareholders expected to take place on or about January 3, 2025 (the "Liquidation Date").
Effective at the close of business on December 30, 2024, the Fund will not accept any purchases and will no longer pursue its stated investment objective. The Fund may begin liquidating its portfolio and may invest in cash equivalents, such as money market funds, until all shares have been redeemed. Any capital gains will be distributed as soon as practicable to shareholders. Shares of the Fund are otherwise not available for purchase.
Prior to the Liquidation Date, you may redeem your shares, including reinvested distributions, in accordance with the “Redeeming Fund Shares” section in the Prospectus. Unless your investment in the Fund is through a tax-deferred retirement account, a redemption is subject to tax on any taxable gains. Please refer to the “Dividends, Distributions and Taxes” section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation.
Any shareholders who have not redeemed their shares of the Fund prior to the Liquidation Date will have their shares automatically redeemed as of that date, and proceeds will be sent to the address of record. If you have questions or need assistance, please contact your financial advisor directly or the Fund at 1-866-706-9790.
This Supplement and the Prospectus, SAI and Summary Prospectus dated November 1, 2024 provide relevant information for all shareholders and should be retained for future reference. The Prospectus, SAI and Summary Prospectus have been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of each can be obtained without charge by calling the Fund at 1-866-706-9790.

etf.db shows TMFC as passive/indexed with ER of 50 bps. Is that for Motley Fool name? There is big iShares SP100 OEF at 20 bps.
FBCG is active LC-growth with ER of 59 bps. FBCG had difficult 2022, but it leads for YTD, 1y, 2y.
https://stockcharts.com/sc3/ui/?s=TMFC&id=p68017090487&compare=OEF,FBCG&perf=false

I wonder how SCHG would fit in there, I'm too lazy to disable my ad blocker. ER of .04 sure helps I'll bet.
I'm leery of catch-all funds that lost 30%, or more, in 2022.
It will be interesting to consider three-year returns at M* as we move into 2025.

I contacted GMO today to inquire when BCHI - GMO beyond China ETF and INVG -Systematic Investment Grade Credit ETF will start trading. They replied the first quarter of 2025.