Champlain Mid Cap Fund reopening to new investors https://www.sec.gov/Archives/edgar/data/890540/000139834423000681/fp0081811-1_497.htm497 1 fp0081811-1_497.htm
THE ADVISORS’ INNER CIRCLE FUND II
Champlain Mid Cap Fund
(the “Fund”)
Supplement dated January 17, 2023
to the Summary Prospectus and Prospectus,
each dated May 1, 2022
This supplement provides new and additional information beyond that contained in the
Summary Prospectus and Prospectus and should be read in conjunction with the Summary
Prospectus and Prospectus.
Effective January 17, 2023, Advisor Class Shares and Institutional Class Shares of the Fund are available for purchase by new investors. Accordingly, all references to the contrary are hereby deleted from the Summary Prospectus and Prospectus.
Please retain this supplement for future reference.
CSC-SK-023-0100
Debt Ceiling and US Treasury Investments
Roth IRAs funding and conversions You've identified a key reason why people can come out ahead by doing conversions.
I showed the arithmetic in my Jan 14 post. Basically by pre-paying taxes (via conversion), you're moving tax money from outside into your Roth. So you never again pay taxes on that money's growth. More money sheltered means more money after taxes in the end.
2010 was actually the second time the government allowed the taxes on conversions to be spread over multiple years. You were allowed to declare half of the 2010 conversion amount as part of your
2011 (not 2010) income, and the other half as part of your 2012 income.
https://www.kiplinger.com/article/retirement/t046-c001-s001-faqs-on-the-new-roth-conversion-rules.html2010 Pub 590 (see p. 2 - What's new for 2010)
The first time the government allowed people to spread taxes on conversions over multiple years was in 1998. Then you were allowed to split the amount converted equally among four years: 1998-2001.
1998 Pub 590 (see p. 39).
I-Bonds 6.89%, 11/1/22 @sven, I-Bond rate on
5/1/23 will be determined by the CPI index change from 09/2022-03/2023. The 3 month change from Sep-Dec so far is near 0% and changes over the next 3 months aren't expected to add much. What you see reported are CPI yoy change and that was +6.
5% in Dec, but that isn't how the I-Bond rate is determined. That is what my alert is about - you could very well have +4% to +
5% reported CPI (yoy change) around May 2023, but still have 0-1% rate for I-Bonds. You will then read media articles explaining why that is.
Former Vanguard Health Care Manager Dies @PRESSmUP - I remember the $2
5k minimum - It was just as I wanted to invest the previous minimum ($3,000?) and was told it had just gone up. Didn’t have the 2
5k at the time, so bought the S&P
500 fund instead.
I-Bonds 6.89%, 11/1/22 If the rates become very low, then the penalty will be much easier to accept. for example if the rate were 2%, the 3 month interest penalty on your $10,000 I-Bond would be $50.
Seafarer Funds’ China Analysis I’m also intrigued by Dodge and Cox Emerging stock fund. It’s a young fund but has done well in its short life. It has 25% allocation to China and I trust the D&C process
Seafarer Funds’ China Analysis Bumping this discussion back up. I’m curious if anyone has added to their investments in either China or in EM? If so what funds are you investing in? Back in 2020 I had a large position in MIOPX, one of Kristian Heugh’s funds. But the fund sold off 55% last year. Luckily I sold out in time. So far this year I have purchased Vanguard international core stock fund which is managed by Wellington and has a 9% China stake… good conservative fund that has outperformed since inception. Curious what you are doing?
Former Vanguard Health Care Manager Dies DECEMBER 4, 2000
Effective immediately, Vanguard Health Care Fund has raised its minimum initial
investment amount to $25,000 for all new accounts, including IRAs and custodial
accounts for minors.
https://www.sec.gov/Archives/edgar/data/734383/000093247100000798/0000932471-00-000798.txtBefore that (starting Dec 20, 1999 when the fund reopened), the min was $10,000, and before that, $3,000
https://www.sec.gov/Archives/edgar/data/734383/000093247199000519/0000932471-99-000519.txthttps://www.sec.gov/Archives/edgar/data/734383/0000893220-98-000900.txt
Former Vanguard Health Care Manager Dies If I recall, back in the day there was a $25K minimum entry for the fund. Glad I took that leap of faith, even though that was a significant portion of the portfolio at the time.
Matthews Asia Total Return Bond and Asia Credit Opportunities Funds to be liquidated 2022 was a brutal year for Emerging Market Bond Funds
FT Article"Investors have withdrawn a record $70bn from emerging market bond funds this year(2022)..."
"Investors head for exit as rising rates in big economies and strong dollar hit sentiment..."
Multisearch shows 2
5 Emerging Market Debt funds with AUM less than MICPX and 3
5 with AUM less than MINCX. Could be a lot of liquidations if AUM is the reason.
