The official reason for the abrupt departure is family issues back home in Toronto. That aside, the Bloomberg article mentions the difficulty recent CALPERS investment chiefs have had dealing with a sometimes obstinate, quarrelsome board of directors. Tenures have been brief in recent years.
Musicco had much success in running both public pensions and private investments in Canada before taking the CALPERS position in February, 2022. Her frequent absence from the office, related to commuting from Toronto, appeared to be one source of friction with co-workers. She emphasized direct investment over indirect ones through advisory firms to save on fees. Her attempts to buy professional sports teams was questioned by some at CALPERS. As the largest public pension fund in the country, CALPERS is seriously underfunded and needs to make up lost ground. Recent performance has been “underwhelming.”
Decent article from Yahoo: https://finance.yahoo.com/news/resigning-calpers-cio-led-private-050000716.html
”Calpers appointed Musicco to CIO in February 2022, during a period in which the pension fund set its focus on growing its exposure to the private markets. In late 2021, it had adopted an asset allocation plan to increase its PE investments from 8% to 13% and added a private debt allocation of 5%. Musicco brought private market investment expertise into her new role at Calpers, joining the fund from RedBird Capital Partners as head of the firm's Canadian unit. Prior to that, Musicco managed the private markets investment program at the Investment Management Corporation of Ontario and spent 16 years at the Ontario Teachers' Pension Plan, where she led both the PE and public equity teams.” (Credit to Yahoo Finance)
Excellent in-depth piece from Bloomberg (if you subscribe or can otherwise find a way to access):
https://www.bloomberg.com/news/articles/2023-09-18/biggest-us-pension-s-investment-boss-pushed-sports-deals-before-calling-it-quits
”Musicco’s attempt to import the so-called Canadian investment model, which emphasizes direct investments to reduce the fees paid to outside managers, didn’t sit well with key investing staff at Calpers, because there was no clear path communicated on how to do it, according to people close to the pension who were not authorized to speak publicly.” (Credit to Bloomberg)

Shares outstanding (as of Sept 15): 8,450,000
NAV (as of Sept 15): $25.66
=> AUM = $216.827,000
https://www.troweprice.com/personal-investing/tools/fund-research/etf/TCAF
There are people posting here who have or are running funds; they are much better positioned to say what is needed for viability, though one has to believe that $200M+ is more than enough. (Though how much of this is seed money, we don't know.)
It's about the same size as FAN, XTN, ICSB, FXY, WDIV, and PBJ (gotta like that ticker). Generally not the broadest based ETFs around, but all seem viable.
https://www.tipranks.com/etf/etfs-by-aum

Since the advent of the Credit Suisse Leveraged Loan Index (floating rate bank loans) in 1992 there have only been three down calendar years. 2008, 2015, and 2022. In each case the index bounced back sharply the following year more than making up for the losses.
With 2023 on track for the category’s second best year since 1992 some could argue we are in the later innings of this move. Investors are notorious for chasing what has been hot based on recent performance and then regretting it. And recent performance since we began discussing bank loans here over the past many months has been exceptionally robust.

Rather than the Fed "promising" rate changes, it "expects" or "predicts". That said, even before "early 2022", i.e. in December 2021, it "predicted" three interest rate hikes for 2022.
"The Federal Reserve said [on Dec 15, 2021] it would ... pave the way for three quarter-percentage-point interest rate hikes by the end of 2022".
https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/
BL have been doing well.
Eventually (read 2023).
But in 2022 following that "promise", bank loan funds lost an average of 2.49% (data from M*). If one wants to say that "doing well" is a relative statement, then sure, bank loan funds did well.
Except relative to ultrashort fixed rate funds. As a group, those went down "just" 0.14% in what has been described as the worst year ever for bonds.
Even worse was how bank loan funds performed in the first six months of 2022 right after the Fed press release. By July 8, 2022, bank loan funds were down 5.8%, underperforming not only ultrashort bond funds, but short term bond funds as well. (Graph from previously linked M* article.)

The point is that while bank loan funds tend to do better than other funds when interest rates go up, that's only one (albeit major) factor in how these funds actually perform in any given period of time.
Sometimes Fed predictions are wrong. It "predicted" 3 quarter-percent rate increases in 2022. It actually raised rates by a quarter point only once in 2022. But it raised rates by 1/2 or 3/4 percent six other times that year. Shouldn't bank loan funds have done even better as a result? Macroeconomics is hard.
2022-2023 rate hikes (table in Fortune article)

Just read in Reuters that oil is heading up to $100/barrel. The combined cut back from major oil producers including OPEC and Russia are affecting the supply side. Higher energy cost will boost inflation again.

Both NYMEX & Brent crude are up about a percent today. The first is priced near $92 and the latter around $95. Of course, oil prices have always been very volatile. Hard to time. What irks me is Americans’ fondness for driving very large high riding gas powered vehicles for everyday use - often with a sole occupant. These vehicles go about 18-20 miles (give or take) on a gallon of fuel under everyday driving conditions. These drivers are paying double to get from “Point A” to “Point B” they would with a midsized or large sedan capable of transporting 4 or 5 occupants in comfort. OK - it’s a free country. Do as you will. But why than scream about the high price of fuel?
Bloomberg typically puts up prices for both NYMEX and Brent crude oil. Below is a excerpt from one source pointing out some of the differences.
”Brent is a waterborne crude. It is a basket comprised of five different North Sea crudes (Brent, Forties, Oseberg, Ekofisk, and Troll, commonly referred to as BFOET). As a waterborne crude, it can be put on a vessel and shipped anywhere. Because of this, Brent reflects global oil market fundamentals and the global economy. This is reinforced by the fact that approximately 80% of the world’s traded crude is priced relative to Brent, including Dubai, Urals, and West African crudes.
Brent can be shipped and stored globally, either on land or in floating storage. As it has much more flexibility than WTI in terms of logistics …
“NYMEX WTI
In contrast to Brent, WTI Cushing is a landlocked regional crude, which reflects market fundamentals in the midcontinent region of the US. It has storage and logistics constraints at a very specific location: Cushing, Oklahoma. There is limited pipeline capacity to get crude in and out of Cushing, and limited crude storage capacity there.”
https://www.ice.com/insights/market-pulse/what-are-the-differences-between-ice-brent-and-nymex-wti-futures
As an investment, I maintain a 10% weighting in a CEF that plays around in the energy, industrial metals & precious metals sectors. (To me, it’s all about broad diversification.) A good mutual fund would be more cost effective, and potentially more profitable, but wouldn’t allow for the frequent rebalancing I like to do (intended to reduce risk). For broader allocation purposes this exposure is included under my “equity holdings”, so that my contribution to BBF’s thread did not distinguish this energy / metals exposure from the broader equity eposure

The Week in Charts (09/17/23)
A tour of the markets covering the most important charts & themes, including...
00:00 Intro
00:29 A Second Wave of Inflation? (CPI Report)
08:44 The Long Pause? (Fed Policy Expectations)
15:04 All Is Calm (Market Volatility, Credit Spreads)
18:31 The Biggest IPO of the Year (Arm Holdings)
22:39 Big Demands (UAW Strike)
30:15 Retail Sales Slump
33:32 Tightening Lending Standards
34:49 Deficit Spending
38:33 Rising Real Wages
Video
Blog

I'm inclined to think that with respect to advisory services, there are two major axes: degree of assistance desired (ranging from DIY to fully discretionary accounts) and degree of financial complexity involved.
M* suggests that as a first approximation, portfolio size is a fair indicator of complexity. The more money you have, the you tend to have special needs (e.g. complex estate planning). To this end, Exhibit 1 shows basic robo advisors targeted at the mass market (up to $100K), hybrid robos targeted more toward mass affluent ($500K to $2M), and wealth managers useful for some investors with over $2M in assets.
Obviously these are fuzzy divisions with much overlap. A not-so-wealthy individual with a complex family situation may need more help than a wealthy senior with no heirs or other issues. As you said, YMMV.

According to M*, "Vanguard and Fidelity Go stood out as the best options, although [it] also assigned above-average scores to Schwab Intelligent Portfolios, Betterment, and Wealthfront." Vanguard scored 4.8 out of 5, Fidelity Go 4.0, Schwab 3.6, Betterment and Wealthfront 3.5, with a couple of others at 3.4. Then there's a big drop off.
As M* points out, one must take care when comparing "all in" costs. Fidelity Go costs 35 basis points, though that is the "all in" cost since it uses 0.00% bp ER Fidelity Flex funds in its portfolios.
Vanguard Digital Advisor costs 20 basis points including underlying fund fees (i.e. this is an "all in" figure), but its hybrid PAS service costs 30 basis points plus underlying fee expenses. (It has recently shifted from Admiral shares to ETF shares, shaving perhaps one basis point from its "all in" cost.)
Schwab doesn't charge a wrap fee (i.e. you pay just the cost of the underlying funds), though as Yogi notes there's a cash drag (opportunity) cost.
Services vary significantly between offerings. Some are pure robo, others are hybrid. A few, including Vanguard, build in a glidepath rather than sticking with a fixed allocation based on risk tolerance.
The full report is worth reading, if for nothing else, its dozen+ exhibits comparing in tabular form the availability of different features, services and investment options, as well as costs, of all the different offerings.
There's a link to the full report in the M* piece referenced in the OP. (You do have to inform M* that you're an individual investor and provide email address to gain access.)
Full report

RiverNorth Funds:
https://www.rivernorth.com/pdf/2023-10-31-rivernorth-estimated-capital-gains.pdf
Riverpark Funds:
https://riverparkfunds.com/assets/pdfs/news/Year_End_Final_Distribution_Information_2023.pdf
RJH Funds:
https://rhjfunds.com/wp-content/uploads/2023/11/RHJ-Capital-Gain-Estimate-2023.pdf
RMB Funds:
https://rmbfunds.com/sites/default/files/2023-11/DIV-GAINS-ESTIMATES-11-10-2023-WEBSITE.pdf
Rondure Funds (new):
https://regdocs.blugiant.com/rondure/
Royce Funds:
https://www.royceinvest.com/news/Distributions/open-end-funds-year-end-distributions-estimates
Russell Investments:
https://russellinvestments.com/Publications/US/Document/Estimated_Cap_Gain_RIC_Funds.pdf
https://russellinvestments.com/Publications/US/Document/Estimated_Cap_Gain_TM_Funds_S.pdf
https://russellinvestments.com/Publications/US/Document/Estimated_Cap_Gain_TM_Funds_M.pdf
Saturna Capital Funds:
https://www.saturna.com/mutual-funds/distributions
Schwab Funds:
https://www.schwabassetmanagement.com/resource/schwab-funds-estimated-annual-distributions-2023
Seafarer Funds:
https://www.seafarerfunds.com/distributions/
SEI Funds:
https://www.seic.com/sites/default/files/2023-11/SEI-Funds-2023-Distribution-Estimates.pdf
Selected Funds:
https://selectedfunds.com/document/read/2023_estimated_year_end_capital_gains_distributions
Sequoia Fund:
https://www.sequoiafund.com/Communications
Shelton Funds:
https://sheltonfunds.com/wp-content/uploads/2023/11/Shelton-Capital-Management-Capital-Gains-Distribution-Estimates-2023.pdf
https://sheltonfunds.com/wp-content/uploads/2023/11/Shelton-Capital-Management-Capital-Gains-Distribution-Estimates-11.2023.pdf
https://sheltonfunds.com/wp-content/uploads/2023/11/Shelton-Capital-Management-Capital-Gains-Distribution-Estimates-2023.pdf
Sit Funds:
https://sitfunds.com/2023-tax-information/
Sound Shore Fund:
https://soundshorefund.com/portfolio/#ssf-distributions
Sprout Funds:
https://sprott.com/media/3455/sgef-distribution-per-share-estimate.pdf
SSGA Funds:
https://www.ssga.com/us/en/individual/mf/resources/documents/capital-gain-distributions
https://www.ssga.com/us/en/individual/ssfunds/resources/documents/capital-gain-distributions
Sterling Capital Funds (updated):
https://sterlingcapital.com/cdn/SC-Funds-Capital-Gains-2023-Final.pdf
T Rowe Price Funds or see earlier posted link below:
https://www.troweprice.com/content/dam/iinvestor/resources/planning/tax/dividend-distributions/mutual-funds/2023-preliminary-year-end-distributions-estimates.pdf
https://www.troweprice.com/personal-investing/resources/planning/tax/dividend-distributions/mutual-funds/preliminary-year-end-distributions.html
https://www.troweprice.com/personal-investing/resources/planning/tax/dividend-distributions/mutual-funds/2023-year-end-distributions.html (dates)
TCW Funds:
https://www.tcw.com/-/media/Downloads/com/Products/US-Funds/TCW-Funds/Distribution-and-Tax-Information/TCW-FUND-Distributions-estimates.pdf
Third Avenue Funds:
https://thirdave.com/2023-income-capital-gain-distributions-est/
Thompson IM Funds:
https://thompsonim.com/pdf/2023EstDistributions.pdf
Thornburg Funds:
https://www.thornburg.com/resources/dividends-capital-gains/
Thrivent Funds:
https://www.thriventfunds.com/support/tax-resource-center/capital-gains.html
Tocqueville Fund:
https://www.tocquevillefunds.com/sites/default/files/Distribution_2023_Final.pdf
Touchstone Investments:
https://www.westernsouthern.com/-/media/files/touchstone/tax-planning/capital-gains.pdf
Transamerica Funds:
https://www.transamerica.com/sites/default/files/files/e070d/2023_capital_gain_distribution_estimates_as_of_09.30.23.pdf
Tweedy, Browne Funds:
https://www.tweedy.com/resources/library_docs/general/2023 Estimated Distributions 8-31-23.pdf
UBS Funds:
https://www.ubs.com/us/en/assetmanagement/funds/products/mutual-fund/_jcr_content/mainpar/toplevelgrid/col1/accordionbox_80358036/accordionsplit/linklist_1706327151/link_640279067.1596937770.file/PS9jb250ZW50L2RhbS9hc3NldHMvYXNzZXQtbWFuYWdlbWVudC1yZWltYWdpbmVkL3VzL2RvYy9jYXAtZ2FpbnMucGRm/cap-gains.pdf
US Global Funds (new):
https://www.usfunds.com/resource/estimated-year-end-distributions-for-u-s-global-investors-funds/
Van Eck ETFs:
https://www.vaneck.com/us/en/vaneck-etfs-estimated-yearend-distributions-2023.pdf
Vanguard Funds:
https://advisors.vanguard.com/content/dam/fas/pdfs/FAFYEEST.pdf
Victory Funds:
https://www.vcm.com/assets/resources-mutualfunddoc/Victory-Funds-2023-Estimated-Capital-Gains.pdf
https://www.vcm.com/assets/resources-mutualfunddoc/Victory-RS-and-VVI-Funds-2023-Estimated-Capital-Gains.pdf
https://www.vcm.com/assets/resources-mutualfunddoc/Victory-Portfolios-III-Mutual-Funds-2023-Estimated-Capital-Gains.pdf
Virtus Funds:
https://www.virtus.com/assets/files/7bz/virtus_mutual_funds_year_end_distribution_est_7065.pdf
Voya Funds:
https://individuals.voya.com/document/product/2023-estimated-capital-gains.pdf
Vulcan Value Partners Funds:
https://vulcanvaluepartners.com/core/uploads/2023/10/2023-Distributions-Estimates-09.30.23.pdf
Wasatch Global Funds:
https://wasatchglobal.com/wp-content/uploads/2023/11/WGI_2023_Yr_End_Dist_Estimates_11.20.23.pdf
WBI ETFs:
https://wbietfs.com/capital-gains-estimates-2/
Weitz Funds:
https://weitzinvestments.com/funds/distributions.fs
William Blair Funds:
https://www.williamblairfunds.com/sitefiles/live/docs/2023_Estimated_Dividend_Capital_Gain_Distributions_93023.pdf
Wilshire Global Allocation Fund:
https://assets-global.website-files.com/60f8038183eb84c40e8c14e9/6528710f96ce82fe7d324128_Wilshire-Global-Allocation-Fund-Distributions.pdf
WisdomTree ETFs:
https://www.wisdomtree.com/investments/-/media/us-media-files/capital-gains-estimates-schedule/2023-etf-us-prelim-est-capital-gain-distributions.pdf
Zevenbergen Funds:
https://www.zci.com/wp-content/uploads/2023/11/Zevenbergen-Funds-2023-Distribution-Estimates.pdf

Oak Funds:
https://www.oakfunds.com/articles/2023-capital-gains-estimates
Oakmark Funds (updated):
https://oakmark.com/news-insights/2023-oakmark-year-end-fund-distributions/
Oberweis Funds:
https://oberweisfunds.com/wp-content/uploads/2023/11/2023-Preliminary-Distributions.pdf
Osterweis Funds:
https://www.osterweis.com/files/Distribution Estimates 9.30.23.pdf
Parnassus Funds:
https://www.parnassus.com/parnassus-mutual-funds/distribution-estimates
Pax World Funds:
https://impaxam.com/customer-service/distributions/
Payden & Rygel Funds:
https://www.payden.com/pdf/Capital Gain Payment_2023.pdf
PearTree Funds:
https://peartreefunds.com/wp-content/uploads/2023/11/2023-November-Estimates-Distribution-Memo.pdf
Permanent Portfolio of Funds:
https://www.permanentportfoliofunds.com/permanent-portfolio.html
https://www.permanentportfoliofunds.com/versatile-bond-portfolio.html
https://www.permanentportfoliofunds.com/short-term-treasury-portfolio.html
https://www.permanentportfoliofunds.com/aggressive-growth-portfolio.html
Perritt Funds:
https://www.perrittcap.com/2023-perritt-funds-tax-distribution-update/
PGIM Funds:
https://www.pgim.com/investments/getpidoc?file=8912A02F28CF4802A2CA39479A521E39
PIMCO Funds:
https://www.pimco.com/handlers/displaydocument.ashx?wd=Mutual Funds Holiday Calendar&fn=PIMS 2023 Capital Gain Estimates.pdf&id=oxw2/n6UQYSsFjN1JZCG5HN31tX5TSQTW/OkQdnqwruuw9qERZHJ5yxpxm8xCN1uv192mhKHw6UWSYkZmoZP1V4py+EymvHMNz5KmtQEmzUgse3mvglsbrETgzLT4a6fnKvR7l4W7Tg+FyRTzGgooPH3ed5u2U1HIAIXKQr7XOUmkgdIdbA6Srcg8yo5IqISmtWTsBvVGSipYRbOeDO8kIVkAE8mAxBAwFjSVbg4atxRqIBgJ2LPVbCQYCS6B1hGSzwmU9tKXqMiLtCeu8Un04f5ZeVyaH2av0z4VS+9Hqw4hiUemq505S3o4PBfK7vG (Pimco Funds)
https://www.pimco.com/handlers/displaydocument.ashx?wd=Mutual Funds Holiday Calendar&fn=EqS 2023 Capital Gain Estimates.pdf&id=Glc/V+ExzHzcCTR74OgU2we/fthptou1/1p2A21QYTR6XsOQtakzVkKtPMk12p9JvjiRlQfqvIxwRyRnFCuGfo/2cK75bZzKcM9ZMY9x8eFgVVB6eZ/VRLU6zBAwC/J9NyB48bswLtHdwjHUYR2ZY0EjDgDIjRut+bDQM+hV/bkPkSxNQP7pCpd1z7BbhlNdyIqZ8bpHyin3ouw06SYBW2wf9BlDdYbTIDUOpNqBSs4jUttXl3yUtEk4V05cIpylztJpdw0RCU+/CU7XU51Ewnb6GoDwpJjdBtKaEfg9rEd97VKdGLNSLFQj+WJJHv+X (EqS Funds)
Pinnacle Value Fund (new):
http://www.pinnaclevaluefund.com/historicalresults.aspx
Pioneer Funds (updated):
https://www.amundi.com/usinvestors/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=_dl_8817c45e-f66a-4dde-a1a2-3704f422eae8_download
Primecap Odyssey Funds (updated):
https://www.primecap.com/wp-content/uploads/2023/11/2023-Distribution-Estimates-as-of-10312023-PCF000225.pdf
Principal Funds:
https://secure02.principal.com/publicvsupply/GetFile?fm=MM3682&ty=VOP&EXT=.VOP&_gl=1*11w5n7q*_ga*MTM2NjQ2ODguMTY5NjUwNDcwNg..*_ga_GP3ZP21MGH*MTY5NjUwNDcwNS4xLjEuMTY5NjUwNDc1NC4wLjAuMA..
Provident Trust Strategy Fund (new):
https://www.provfunds.com/docs/12.15.23 Distribution Summary.pdf
PT Asset Management:
http://ptam.com/documents/capital_gain_distribution_estimates_2023.pdf
Putnam Funds:
https://www.putnam.com/literature/pdf/TX001.pdf
Pzena Funds:
https://www.pzena.com/wp-content/uploads/2023/10/MF-Estimated-Capital-Gains-2023.pdf

Madison Funds:
https://madisonfunds.com/resources/tax-center/
MainStay Funds:
https://www.newyorklifeinvestments.com/assets/documents/tax/cap-gains-estimate.pdf
Mairs and Power Funds:
https://www.mairsandpower.com/about-us/company-news/236-estimated-2023-capital-gains-and-dividends
Marisco Funds:
https://www.marsicofunds.com/investor-resources/content/distributions.fs
Matthews Asia Funds and ETFs:
https://us.matthewsasia.com/resources/distributions-tax/distribution-dates/
Meridian Funds:
https://www.arrowmarkpartners.com/wp-content/uploads/2023-Estimated-Distributions-Meridian-Funds-093023.pdf
MetWest Funds:
https://www.tcw.com/-/media/Downloads/com/Products/US-Funds/MetWest-Funds/Distribution-and-Tax-Information/MWFUNDsb-Estimates.pdf?rev=0fcc57ca2ea6486c9b562874c4687b01&sc_lang=en&hash=DBBBE57DD88C2F1638C71249410F1D6F
MFS Funds:
https://www.mfs.com/content/dam/mfs-enterprise/mfscom/backlot/mfs_cg_fly.pdf
Miller Family of Funds:
https://www.millerfamilyoffunds.com/wp-content/uploads/2023/10/Miller-Funds-Distribution-2023-Capital-Gains-NLD-Approved.pdf
Mondrian Funds:
https://www.mondrian.com/wp-content/uploads/2023/10/MIP-2023-Capital-Gains-Estimates.pdf
Monetta Funds:
https://monetta.com/dividend-distributions/
Morgan Stanley Funds:
https://www.morganstanley.com/im/publication/forms/tax/2023_estimated_year_end_distributions.pdf?1698627686410
Muhlenkamp Fund:
https://muhlenkamp.com/muhlx/distributions/
Muzinich Funds:
https://www.muzinichusfunds.com/docs/Capital-Gains-2023-DRAFT.pdf
Nationwide Funds:
https://nationwidefinancial.com/media/pdf/MFN-0435AO.pdf?_ga=2.26369085.1879655311.1698701773-68082289.1697814812&_gl=1*vmxaz4*_ga*NjgwODIyODkuMTY5NzgxNDgxMg..*_ga_GLJSQEPWL4*MTY5ODcwMTc3Mi4zLjAuMTY5ODcwMTc4MS41MS4wLjA.
Natixis Funds:
https://www.im.natixis.com/us/year-end-distribution-estimates
Navigator Funds:
https://navigatorfunds.com/capital-gains-2023/
Needham Funds (see middle of page for "Distributions"):
https://www.needhamfunds.com/mutual-funds/small-cap-growth-fund/
https://www.needhamfunds.com/mutual-funds/aggressive-growth-fund/
https://www.needhamfunds.com/mutual-funds/growth-fund/
Neuberger Berman Funds:
https://www.nb.com/handlers/documents.ashx?id=0754c012-575e-4460-b242-fa7500c7e1c5&name=2023 Distribution Estimates - Alternative Funds
https://www.nb.com/handlers/documents.ashx?id=d6aa8574-01c5-4990-a5f8-fe729032d6e2&name=2023 Distribution Estimates - Equity Funds
https://www.nb.com/handlers/documents.ashx?id=1519aa8e-9994-496b-8326-58dcc6fbec8c&name=2023 Distribution Estimates - ETF Funds
https://www.nb.com/handlers/documents.ashx?id=c8374b0b-8ba3-4901-a649-d5742de35337&name=2023 Distribution Estimates - Income Funds
Nicholas Funds (new):
https://www.nicholasfunds.com/Distribution-Information/2023-Distribution-Calendar.htm
North Star Funds:
https://nsinvestfunds.com/north-star-small-cap-value-fund-2023-capital-gains-distributions/
Northern Trust Funds:
https://www.northerntrust.com/content/dam/northerntrust/pws/nt/documents/white-papers/mutual-funds/individual/capital-gain-distributions-2023.pdf
Nuance Funds:
https://nuanceinvestments.com/mutual-fund-news/
Nuveen Funds:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=3c3be13d-d800-48e2-a537-c251162ab9f4
Nuveen TIAA-CREF retail:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=515c837a-4ef2-40d8-82bc-e1262fa46236
Nuveen TIAA-CREF retirement:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=5d983c27-f884-4d28-84e9-0c351c6b3c99
Nuveen TIAA-CREF premier:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=ec0496c5-dfbf-4049-b8c5-793687ef2445
Nuveen TIAA-CREF institutional:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=ba50839f-bfff-4f38-b947-bc44c28dc8f4
Nuveen TIAA-CREF (W):
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=e7d4a114-d60d-400e-b429-354e0bb13537
Nuveen TIAA-CREF advisor:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=8e0484b8-cb12-4a4d-9d73-86967f57b5f9

Icon Funds:
https://iconadvisers.com/resource-center/tax-center/distributions/
iMGP Funds:
https://imgpfunds.com/im-global-partner-2023-capital-gains-distribution/
IntegrityViking Funds:
https://www.integrityvikingfunds.com/Content/Documents/year-end-distribution-information
Invenomic Fund:
https://www.invenomic.com/_files/ugd/8592d8_b5a43c0f7f9a458ba87dc74d7e1b17de.pdf
Invesco Funds (link updated):
https://www.invesco.com/us-rest/contentdetail?contentId=29096ee0-8ec4-4199-930f-645be9d07e64
J Hancock Funds:
https://www.jhinvestments.com/content/dam/jhi-investments/JHINV/public/Corporate/News/CorporatePressReleases/estimated-capital-gain-and-income-distribution-press-release-2023-jhi.pdf
J P Morgan Funds:
https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/news-and-fund-announcements/2023-mutual-funds-capital-gains-estimates.pdf
https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/news-and-fund-announcements/2023-etf-capital-gains-estimates.pdf
James Funds:
https://www.jamesfunds.com/our-funds.php#distributions
Janus Henderson Funds:
https://2deaa804a6dc693855a0-eba658c6bc03668a61900f643427d64d.ssl.cf1.rackcdn.com/Documents/product/distribution-tax/Janus Henderson Preliminary Distribution Estimates 2023.pdf
Jensen Funds:
https://www.jenseninvestment.com/wp-content/uploads/2023/10/2023-jensen-quality-growth-fund-estimated-cap-gains-distributions.pdf
JOHCM Funds:
https://www.johcm.com/us/how-to-invest/231/distributions
Kinetics Funds:
http://kineticsfunds.com/wp-content/uploads/2023/11/KMF-2023-Estimated-distributions-final.pdf
Kopernik Funds:
https://kopernikglobal.com/sites/default/files/KGI CG MEMO - September 2023 Estimate.pdf
KraneShares ETFs:
https://kraneshares.com/resources/2023_10_kraneshares_cap_gain_estimate.pdf
Lazard Funds:
https://www.lazardassetmanagement.com/docs/-m0-/1791/LazardFundsAnnualDistributionsEstimates.pdf
Leuthold Funds:
https://funds.leutholdgroup.com/latest-news/565/download
LKCM Aquinas Catholic Equity Fund:
https://www.aquinasfunds.com/wp-content/uploads/2016/11/2023-Year-End-Mutual-Fund-Distribution-Estimates-AQUINAS-ONLY-10-19-23.pdf
LoCorr Funds:
https://locorrfunds.com/wp-content/uploads/2021/04/LoCorr-Funds-Annual-CapitalGains-Dividends-2022.pdf
Longleaf Partners Funds:
https://southeasternasset.com/investment-offerings/longleaf-partners-fund/capital-gains-and-income-distribution-estimate-9-30-23/
Loomis Sayles Funds:
https://www.loomissayles.com/internet/internet.nsf/content?readform&ctype=capitalgains&channel=mf
Lord Abbett Funds:
https://www.lordabbett.com/en/strategies/tax-center/capital-gain-distributions.html#la_Estimated_Capital_Gains

Eaton Vance Funds:
https://www.eatonvance.com/media/4878.pdf
Edgewood Growth Fund:
http://www.edgewood.com/documents/Edgewood Growth Fund Estimated Capital Gain Letter-2023.pdf
Eventide Funds:
https://mutualfunds.eventideinvestments.com/wp-content/uploads/Eventide-Preliminary-Year-End-2023-Distribution-Estimates-09-30-2023.pdf
Fairholme Funds:
https://static1.squarespace.com/static/53962eb7e4b053c664d74f3d/t/6557d83275ce425548dabd92/1700255794632/FAIRXFOCIXEstimateQ42023.pdf
Federated Hermes Funds:
https://services.federatedhermes.com/teamsite-file-server/content/Preliminary+Capital+Gains?token=ZGFmXHBkZlxyZXNvdXJjZXNcdGF4Y2VudGVyXDUwMTM1LnBkZg==|1|MC0CFQCI1BOke1AucQVHfwYA3k8wHq4ZDwIUMjVhf3hQoMNVAqbtHG/2Jn+vupQ=&location=aHR0cHM6Ly9zZXJ2aWNlcy5mZWRlcmF0ZWRoZXJtZXMuY29tL3RlYW1zaXRlLWZpbGUtc2VydmVyL2NvbnRlbnQvUHJlbGltaW5hcnkrQ2FwaXRhbCtHYWlucz90b2tlbj1aR0ZtWEhCa1pseHlaWE52ZFhKalpYTmNkR0Y0WTJWdWRHVnlYRFV3TVRNMUxuQmtaZyUzRCUzRCU3QzElN0NNQzBDRlFDSTFCT2tlMUF1Y1FWSGZ3WUEzazh3SHE0WkR3SVVNalZoZjNoUW9NTlZBcWJ0SEclMkYySm4lMkJ2dXBRJTNE|MC0CFQCBGokPO8pH+xyIoqz8CmHPKMxydAIUBUcbFDLnyvnxPfV6sy7vEuSQgBE=
Feinmore Asset Management:
https://fenimoreasset.com/resources/fam-funds-tax-center/
Fidelity Funds:
https://www.fidelity.com/mutual-funds/information/distributions#/?table=estimated
or
https://institutional.fidelity.com/app/tabbed/products/FIIS_SP52_DPL6.html?navId=324
First Eagle Funds:
https://www.firsteagle.com/tax-info/capital-gains-income-distribution-estimates-2023
FMI Funds:
https://www.fmimgt.com/fmi/funds/other/2023 YE_ESTIMATES_Distributions.pdf
FPA Funds (updated):
https://fpa.com/docs/default-source/tax-dividend-info/2023-fpa-funds-dividend-distributions-worksheet.pdf?sfvrsn=8cfd909d_34
Franklin Templeton Funds:
https://franklintempletonprod.widen.net/s/qjxw5nrvvr/flyer-2023capgainindications-franklintempleton-us-en?_gl=1*nfyuhc*_ga*ODc5NzE3ODMuMTY5NTU4NjQ4NQ..*_ga_15V8ZZDP8Z*MTY5Nzk5MDg5NC4zLjEuMTY5Nzk5MDg5NC4wLjAuMA..
or
https://www.franklintempleton.com/investments/resources/capital-gains-distribution
Frost Investment Funds:
https://www.frostinv.com/dam/jcr:de723b3f-9189-4fdf-b6ad-f8ad483bc675/Cap%20Gain%20Estimates%20as%20of%2010.31.2023.pdf
Gabelli Funds:
https://gabelli.com/funds/div_estimates
Global X ETFs:
https://www.globalxetfs.com/content/files/Estimated-Per-Share-Capital-Gains-Distributions-9.30.23.pdf
Goldman Sachs ETFs:
https://www.gsam.com/content/dam/gsam/pdfs/us/en/tax-information/2023/ETF Cap End_Distribution 2023.pdf?sa=n&rd=n
Goldman Sachs Funds:
https://www.gsam.com/content/dam/gsam/pdfs/us/en/tax-information/2023/EI-51 Cap End_Distribution-2023.pdf?sa=n&rd=n
Grandeur Peak Global Funds:
https://regdocs.blugiant.com/wp-content/uploads/2023/11/2023-Grandeur-Peak-Funds-Distribution-Estimates.pdf
Guggenheim Funds:
https://fulfillment.marketpowerweb.com/showpdf-sku.cfg?clientcode=rdx&sku=MF-DIST-FAQ
Harbor ETFs:
https://assets.harborcapital.com/docs/Dividend_Estimates_2023_ETF.pdf?_gl=1*b4tp22*_gcl_au*MTM3NTg2MjM4OC4xNjk1NDMyMzQ4
Harbor Funds:
https://assets.harborcapital.com/docs/Dividend_Estimates_2023.pdf?_gl=1*b4tp22*_gcl_au*MTM3NTg2MjM4OC4xNjk1NDMyMzQ4
Harding Loevner Funds:
https://media.hardingloevner.com/fileadmin/pdf/HLF/HLF-Distribution-Estimates-2023.pdf
Hartford ETFs:
https://www.hartfordfunds.com/dam/en/docs/pub/funddocuments/regulatorydocument/Tax Center/capgainsdistributions/2023HartfordActiveandMultifactorETFsCapitalGainsEstimateMemo.pdf
Hartford Funds:
https://www.hartfordfunds.com/dam/en/docs/pub/funddocuments/regulatorydocument/Tax Center/capgainsdistributions/2023HartfordFundsDecemberCapitalGainsEstimate.pdf
Heartland Funds:
https://www.heartlandadvisors.com/Resources/Tax-Information
Hennessy Funds:
https://www.hennessyfunds.com/funds/distributions
Hodges Funds:
https://9402040.fs1.hubspotusercontent-na1.net/hubfs/9402040/Mutual_Funds/Documents/Year_End_Distribution_Estimates.pdf
Homestead Funds:
https://www.homesteadfunds.com/wp-content/uploads/2023/11/2023-Estimated-Year-End-Distributions.pdf
Hood River Funds:
http://hoodrivercapital.com/wp-content/uploads/2023/10/SCG-Distribution-Estimates-2023.pdf
Hotchkis & Wiley Funds:
https://www.hwcm.com/wp-content/uploads/2023/11/HW-Funds-2023-Distributions-Estimates-2.pdf

'Tis that time of year again! Some preliminary estimates are now available. As in years past, please alphabetize your funds. To make it easier for readers post (new) next to your additions to differentiate it from your older existing posts. Be sure to check the entire page for other various posts with possible links. Thanks to everyone who contributes and posts their information! Please keep in the mind that it is early, and the estimates posted are tentative.
1290 Funds:
https://secure.alpsinc.com/MarketingAPI/api/v1/Content/1290funds/1290funds-comm-20231115.pdf
AAM Funds:
https://docs.aamlive.com/fisdocuments/marketing/mutualfund/distributions_estimated_all.pdf
AB Funds:
https://www.alliancebernstein.com/content/dam/alliancebernstein/us-retail/us-retail-pdfs/tax-center/FINAL_GEN-5796.pdf
Abrdn Funds:
https://www.abrdn.com/docs?editionId=931def41-161f-48c8-8c9f-b09701494978
Aegis Value Fund:
https://www.aegisfunds.com/assets/pdfs/Aegis_Value_Fund-2023_Distributions.pdf
Akre Fund:
https://www.akrefund.com/historical-distributions/
Alger ETFs:
https://www.alger.com/AlgerDocuments/Distrib_ETFs.pdf
Alger Fund:
https://www.alger.com/AlgerDocuments/Distrib_FUNDS.pdf
Allspring Funds:
https://www.allspringglobal.com/globalassets/assets/public/pdf/product-alerts/20231018-productalert.pdf
AlphaCentric Funds (new):
https://alphacentricfunds.com/Capital Gains/CapGains2023.pdf
American Beacon Funds:
https://www.americanbeaconfunds.com/downloads/resourcecenter/TaxAndDividend/2023EstYearEndDividends.pdf
American Century Funds:
https://www.americancentury.com/plan/tax-center/estimated-distributions/
AMG Funds:
https://media.amgfunds.com/content/dam/amgfunds/documents/tax-resource-center/AMG Funds 2023 Distributions Estimates 10-23.pdf
Angel Oak Funds:
https://angeloakcapital.com/2023-estimated-capital-gains/
AQR Funds:
https://funds.aqr.com/-/media/Funds/Tax-Documents/2023-Estimated-Distributions-Memo_Final.pdf?sc_lang=en&hash=692B406626D4AB131E6059701781F089
Arbitrage Funds:
https://arbitragefunds.com/news
Aristotle Funds (updated):
https://assets.website-files.com/642414d0e893bb9d9596f597/654d668f6e8c86842fef0bff_Capital Gains_10.31.pdf
Artisan Partners Funds:
https://www.artisanpartners.com/individual-investors/resources/tax-center/distributions.html
Avantis Funds:
https://www.avantisinvestors.com/avantis-estimated-distributions/
Ave Maria Funds:
https://avemariafunds.com/fund-family/distributions.html
Baillie Gifford Funds:
https://www.bailliegifford.com/literature-library/funds/mutual-funds/estimated-capital-gain-distribution/
Baird Funds:
https://www.bairdassetmanagement.com/siteassets/pdfs/distributions/2023-estimated-capital-gains.pdf
Baron Funds:
https://www.baronfunds.com/tax-center
Blackrock Funds:
https://www.blackrock.com/us/individual/literature/fact-sheet/blackrock-funds-distribution-estimates.pdf
BNY Mellon Funds:
https://im.bnymellon.com/content/dam/im/documents/tax-forms/early-estimated-capital-gains-september-2023a.pdf
Boston Partners Funds:
https://www.boston-partners.com/uploads/2023/11/55a705d26b7fcd9a383b52c968e72b34/bp-funds-2023-estimated-cap-gain-dist-10_31_2023-website.pdf
Bretton Fund (new):
https://brettonfund.com/2023-distribution-information/
Bridge Builder Funds:
https://www.bridgebuildermutualfunds.com/wp-content/uploads/pdfs/current/Bridge_Builder_Capital_Gains_Estimates_2023.pdf
Bridgeway Funds:
https://bridgewayfunds.com/wp-content/uploads/sites/2/2023/11/2023-Distribution-Estimates-for-Website.pdf
Brown Advisory Funds:
https://www.brownadvisory.com/sites/default/files/2023-10/2023-Distribution-Update-October.pdf
Brown Capital Management Funds (click link for Distributions under "Key Documents"):
https://www.browncapital.com/investmentstrategies/smallcompanyfundinst/
Bruce Fund (new; pays 12/18)
Ordinary income - $15.7868
STCG- 0
LTCG- $16.6610
Buffalo Funds (in Excel):
https://buffalofunds.com/wp-content/uploads/Buffalo-Funds-2023-Capital-Gains-Distribution-Estimates_10.31.2023.xlsx
Calamos Funds:
https://www.calamos.com/globalassets/media/documents/tax-center/2023-calamos-estimated-capital-gains.pdf
Calvert Funds:
https://www.calvert.com/media/public/27727.pdf
Cambiar Funds:
https://cambiar.com/capital-gains-estimate-2023/
Capital Group:
https://www.capitalgroup.com/advisor/tax/2023-year-end-distributions.html
Carillon Funds:
https://www.rjinvestmentmanagement.com/our-funds/fund-dividend-and-tax-information
Castle Focus Fund:
https://www.castleim.com/wp-content/uploads/2023/11/Castle-Focus-Cap-Gain-Estimate-Nov-2-2023.pdf
Catalyst Funds (new):
https://catalystfunds.wpenginepowered.com/wp-content/uploads/sites/3/2022/12/catalyst-distributions-2022-12-final-1.pdf
Champlain Funds:
https://cipvt.com/wp-content/uploads/2023/10/Champlain-Estimated-Yr-End-Distributions-2023.pdf
Clipper Fund:
https://clipperfund.com/document/read/2023_estimated_year_end_capital_gains_distributions
Coho Funds:
https://www.cohofunds.com/relative-value-equity-fund/tax-information/
Columbia Threadneedle Funds:
https://www.columbiathreadneedleus.com/binaries/content/assets/cti/public/2023-year-end-cap-gain-estimates.pdf
Congress Asset Funds:
https://www.congressasset.com/assets/2023-capital-gains-flyer.pdf
CRM Funds:
https://www.crmfunds.com/funds-overview/shareholder-resources/distributions/
Cullen Funds:
https://www.cullenfunds.com/srp/lit/NpKv9x/Capital-Gains-Estimates_Cullen-Funds-Mutual-Funds_31-10-2023.pdf
Davenport Funds:
https://www.investdavenport.com/download/davenport-funds-estimated-tax-info/?wpdmdl=6546
Davis Funds:
https://davisfunds.com/funds/distributions
Delaware Funds:
https://mim.fgsfulfillment.com/download.aspx?sku=CGE-RET
DF Dent Funds (new):
https://dfdent.com/wp-content/uploads/2023/12/Capital-Gains-Distribution-2023.pdf
Diamond-Hill Funds:
https://www.diamond-hill.com/sitefiles/live/documents/distributions/DHF-year-to-date-capital-gains-as-of-8-31-23.pdf
Dimensional Funds:
https://www.dimensional.com/dfsmedia/f27f1cc5b9674653938eb84ff8006d8c/75512-source/options/download/distributions.pdf
Dodge and Cox Funds:
https://www.dodgeandcox.com/content/dam/dc/us/en/pdf/dc_us_estimated_year_end_distributions_2023.pdf
Doubleline Funds, closed end funds and ETFs:
https://doubleline.com/wp-content/uploads/11-9-2023-DoubleLine-Funds-Estimated-Capital-Gains-1.pdf
https://doubleline.com/wp-content/uploads/11-9-2023-DoubleLine-ETF-Estimated-Capital-Gains.pdf
https://doubleline.com/wp-content/uploads/11-9-2023-DoubleLine-Closed-End-Funds-Estimated-Capital-Gains-1.pdf
Driehaus Funds (updated):
https://www.driehaus.com/system/uploads/fae/file/asset/419/DMF_Year_End_Distributions_2023.pdf
DWS Funds:
https://fundsus.dws.com/download.html?doctype=MARKETING&name=capgains.pdf&docId=024368

M* Fund Category Definitions (US), April 2023
Changes
April 28, 2023
Released 9/14/23
* Added Miscellaneous Fixed Income
* Renamed
Allocation—15% to 30% Equity to Conservative Allocation,
Allocation—30% to 50% Equity to Moderately Conservative Allocation,
Allocation—50% to 70% Equity to Moderate Allocation,
Allocation—70% to 85% Equity to Moderately Aggressive Allocation, and
Allocation—85%+ Equity to Aggressive Allocation
https://pdfhost.io/v/K3mzSxMmx_MStar_Categories_Funds_April2023_091423
https://ybbpersonalfinance.proboards.com/post/1177/thread

It frustrates me when a thread can quickly deteriorate into "silly ass" discussion. The thread topic is simply "How would you invest $100,000 now?". Just answer the question, give your reasons for that choice, and move on. The answer to the OPs question will vary from one investor to another, but it is an "investment" question, not a frivolous spending question.

This thread jumped the track days ago. I’ve been watching largely for amusement. But I respect peoples’ right to post what they will. Either @Baseball_Fan or the board moderators, ISTM, have discretion to allow / disallow certain comments or topics of conversation. You and I do not.
I must take exception to the new requirement that posters “give your reasons for the choice”. Neither @Baseball_Fan, who started the thread, nor @Gary152, who amplified the requirements (in all caps), mentioned giving reasons. In fact, Gary stressed the need to keep answers short, saying: “The question was simply how would YOU invest it NOW …”. I agree with that interpretation..
Books have been written on the subject of broad diversification (Albeit, it’s only one way to invest.) Anyone who has adhered to this approach for 50+ years hardly needs to explain or justify it. I’m sure everyone here understands the basic concept. As far as I know, I’m still the only poster who broke $100,000 down into exact dollar & cents amounts spread across several ass-it classes. I recommend others do the same so readers might see what $100,000 looks like when broken down into different types of investments (ie: domestic stocks, foreign stocks, fixed income instruments, cash / cash-equivalents, precious metals, etc.)

Earlier this year, Romick delivered the keynote at Morningstar’s investment conference, reflecting on his 30 years of successful investing across multiple cycles.
We asked Romick to share insights and lessons learned navigating major crises like the tech bubble, financial crisis, COVID crash, and 2022’s meltdown. Interestingly, he believes Crescent has survived by “first considering what can go wrong.”
Hear Romick’s wisdom on defensive investing, managing risk, contrarian thinking, and preparing for an uncertain future—a rare chance to learn from a legendary investor.

15 sept, '23.
https://www.bloomberg.com/news/videos/2023-09-16/wall-street-week-09-15-2023
Melissa Kearney telling it like it is.

15 sept, '23.
https://www.bloomberg.com/news/videos/2023-09-15/bloomberg-real-yield-09-15-23

Recycling is to prevent toxic stuff in the landfills and/or to reuse materials that are in short supply.
Most recycling requires additional energy. Only safely combustible waste (bio-waste) may produce energy economically.

Reuse is the highest form of recycling.
My last "career" was in e-scrap/e-waste. It was a fascinating experience. There is all kinds of stuff out there being sold and bought that you might not think of.
It's not all about toxicity or scarcity. Although, we did benefit from California's cathode tube recycling program during a time when copper prices were down.
I often thought of my grandfather's saying: "Use it up. Wear it out. Make do. Or do without."