5 months? Lucky you. Wishful thinking while hiding in my igloo deep in Viking country.

RPHYX / RPHIX just paid a whopping monthly interest dividend - over 5x the next largest monthly dividend in 2022. For RPHIX, it was 14.11¢ per share vs. 2.5*¢ per share in Aug, Sept, and Oct.
This pattern of larger (but not this large!) December divs seems to have started in 2020, when the Dec div was about 10% higher than the next highest monthly div, and accelerated in 2021, when the Dec div was double that of the next highest monthly div.
http://riverparkfunds.com/assets/pdfs/rpsthyf/RiverPark_Short_Term_High_Yield_Institutional.pdf
http://riverparkfunds.com/assets/pdfs/rpsthyf/RiverPark_Short_Term_High_Yield_Retail.pdf
Any guesses as to what's happening? This fund does not invest internationally so currency hedging cannot be the cause, which is what Yogi speculated could explain FMIJX 's large div.
All I've turned up so far is Russell Investment's generic explanation for variable December income divs:

The last distribution of the year in mid-December may vary from other monthly distributions more significantly. This distribution reflects actual income received by the fund for part of the month of December plus an estimate for the remainder of the month of December. Also included in these distributions are tax adjustments and adjustments required as a result of the audit of financial statements, reflecting the full year of operations of a fund. Therefore, these adjustments may significantly increase or decrease the mid-December distributions relative to other monthly distribution

https://russellinvestments.com/-/media/files/us/funds/income-dividend-distributions-004519958.pdf
Setting aside mid-month estimates (Riverpark distributes at end of month), that leaves tax adjustments and financial statement adjustments. Whatever those mean.
---
This fund is mostly closed to new investors. The only investors who may open new accounts are those who already hold an existing account with the fund, or invest directly through Riverpark, or "are clients of any financial adviser or planner who has client assets invested in the Fund.”
http://riverparkfunds.com/assets/pdfs/RiverPark_STHYF_Summary_Prospectus.pdf
This is why the fund is closed through intermediaries like Fidelity, Schwab, and Vanguard. But RPHYX does seem to be open at Firstrade and at E*Trade. Even more interesting is that RPHIX seems to be open to new investors at E*Trade with no transaction fee, albeit with a $100K min.

LINK1
COVER STORY, ”The Best INCOME Ideas for 2023”. (I have arranged the orders as OEFs, ETFs, CEFs, individual securities)
Energy Pipelines: AMLP, NTG, EPD, ET, KMI, WMB
US Dividend Stocks: SCHD, NOBL, VYM, KBWB, C, INTC, JPM, PNC, USB
Foreign Dividend Stocks: IDV, SCHY
Real Estate: VNQ, RQI
Convertibles: MCIFX, CWB, AVK, busted convertibles
HY: HYG, HYT, JQC
Munis: PHMIX, VWITX, NEA
Preferreds: PFF, PFFR, JPM-M, T-C, WFC-Z, REITs-preferreds
Telecom: T, TMUS, VZ
Cash Alternatives: VMFXX, VUBFX, BIL, SHV, 3-mo T-Bills, T-Bill ladders
Treasuries: SHY, TLT, STIP, TIP
Utilities: XLU, UTG, DUK, ED, NEE, SO, XEL
UP AND DOWN WALL STREET. The Fed RATE hikes and yearend tax-loss harvesting (TLH) have depressed bond CEFs including the MUNI CEFs. As there isn’t any systemic problem looming in the muni market, these may be good for trade with small amounts: NEA, NAD, BTT, NVG; unleveraged NUV.
LINK2
CRYPTO ice age or not, FIDELITY is pushing ahead with its crypto initiatives (institutional, retirement, retail). It says that it wants to provide its clients with choices. Its digital assets unit has 500+ people and hiring continues. It will offer Bitcoin within its 401k and more cryptos on its regular platform. Lawmakers, the SEC and DOL have been warning firms and investors. Critics point to FOMO; despite an early start, Fido missed the train on ETFs. Fido is counting on first-mover advantage by lending its reputable name in a devasted, washed-out and scandal-ridden industry. It has urged the SEC to approve “physical” crypto ETFs; its own application was rejected by the SEC (like many others), but Fido is moving ahead with ETFs in crypto-related areas (FDIG, etc). It sees its competitors as HOOD, COIN, PAYPL, SQ, etc. Although financial risks are small for Fido, it risks regulatory risks and reputational damage if things go wrong. Other major brokers (SCHW, IBKR) are watching.
FR/BL funds offer attractive yields (SOFR + 400-500 bps spreads; SOFR is a LIBOR alternative) from lower-quality credits. That is a big risk in recession, especially when many such loans are covenant-lite. Beware of (unmanaged) index funds in specialized and illiquid areas. Hybrid PRWCX manager GIROUX has 15% in FR/BL. Also mentioned are OEFs BFRAX, FFRHX, FRFAX, PRFRX, etc and ETFs BLKN, SRLN, etc. By @LewisBraham
Brian DEMAIN of mid-cap growth JDMAX (ER 1.12%; load 5.75%) watches upside/downside capture ratio (U/D CR); discounted cash flows; sustainable growth; GARP. Fund has low turnover due to its longer-term horizon. In 2023, the cost of capital will be higher due to Fed rate hikes; some growth multiples are still too high; inflation should moderate; the economy will slowdown. His current themes include EVs; semis; renewables; sport franchises.

https://www.sec.gov/Archives/edgar/data/932101/000092881622001385/a_prpfsupp.htm
497 1 a_prpfsupp.htm PUTNAM INVESTMENT FUNDS
Prospectus Supplement December 30, 2022
Putnam PanAgora Risk Parity Fund
Prospectuses dated December 30, 2022
At a meeting held on November 18, 2022, the Board of Trustees of Putnam Investment Funds (the “Trust”) approved a plan to liquidate Putnam PanAgora Risk Parity Fund (the “Fund”), a series of the Trust (the “Plan”), upon recommendation by Putnam Investment Management, LLC, the Fund’s investment adviser. The liquidation of the Fund is expected to occur on or about January 26, 2023 (the “Liquidation Date”), although the Fund may make dispositions of portfolio holdings prior to the Liquidation Date.
Effective as of December 9, 2022, the Fund will be closed to new purchases, other than the automatic reinvestment of dividends, in anticipation of the liquidation. Shareholders can redeem their shares from the Fund at any time on or before the close of business on January 26, 2023 at the then-current net asset value.
As soon as reasonably practicable after the Liquidation Date, after the payment of (or provision for) all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Fund, and after determination of any dividend(s) to be paid pursuant to the Plan, the Fund will liquidate its remaining assets and distribute cash pro rata to all remaining shareholders as of January 26, 2023 who have not previously redeemed all of their Fund shares or exchanged their Fund shares for those of another Putnam fund.
Shareholders should consult their tax advisors about the tax implications of the liquidation of the Fund.
332415 - 12/22

Global multi sector etf's for an overview. The page is dated Dec.30, 2022; and the link is as of 8pm, EST, but all etf's may not be fully updated for the U.S. market close, but the 52 week will provide a decent, close enough view of performance for a YTD. You may click the 52W to sort that column for performance by percentage, negative or positive rankings.

Your point is well taken @Crash. At this stage of your life it wouldn't make sense to buy anything in Honolulu. But just living in paradise must be pretty nice.
Rochester was once the jewel of NY state when Kodak, Xerox and Baush&Lomb all were in their heyday. George Eastman essentially built the U of R and much more in this city with his philanthrope. All these companies still exist, but at a fraction of their previous selves.
Enjoy your sunshine. Ours is due back in about 5 months :)

@MikeM. Gotcha. Of course, Hawaii is super expensive. And Honolulu is the most expensive. I would not choose to own, unless I could go back to my teens and re-orient my entire life so that I had some level of interest in things practical, technical and mechanical. The maintenance overhead never goes away, no matter where the house is.
Rochester is snow country, but you also have the universities. So, there's THAT. I lived in the Southern Tier for 5 years. The sky never needed a reason to throw snow down on us. Miserable. In nearby Olean, NY, you can still buy a house for $60,000.00. "Location, location, location." STILL, it would not be worth it to me. I pay rent, but the headaches belong to the Landlord. We seem to have found a trustworthy, reliable guy. Something to be glad about in such a stinky year.

TIAA Traditional Rates, January 1, 2023
Restricted RC 6.50%, RA 6.25%
Flexible RCP 5.75%, SRA 5.50%, Newer IRAs 3.65%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-traditional-rates-monthly?page=2&scrollTo=880
TSP G Fund hasn't updated yet for 01/2023 (12/2022 rate was 3.875%).
https://www.tspfolio.com/tspgfundinterestrate

In the long run, VWINX is a fine allocation fund for conservative investors. Wellington has a deep bench of managers and new managers are likely been a co-manager for several years before assuming the role as the full manager.
LewisBranham is spot on. It is common that value managers buy growth stock when valuation becomes attractive (and potentially providing better earning in the future). So timing is crucial for getting at a good price. Case in point, VWELX picked up several FAANG stocks too early this year and it did the opposite.
On the bond allocation, VWINX’s duration was a bit longer than the intermediate term bonds, 5-6 years. This was pointed out by another MFO poster. It is tough to have more long duration bonds in the mx in order to provide decent yield to investors, but also affect the bonds more with the aggressive rate hikes. The recent reduction on its duration is to improve the bond risk going into 2023.

I would be interested in comments on the new manager change and current portfolio constitution vs previous historical metrics.
Please correct me if I am wrong this was a quick analysis......notable changes: bond Credit Quality of AAA now 26% vs old 21. Effective Duration now 6.61 vs 8.03 old. Value now 38% vs 55-70% old. Blend now 58% vs 21% old. Standard deviation seems to have increased maybe simply due to market increased volatility. TO rate now 58% vs 53 old.
I guess the Value equity % change is the most notable change. Comments?

@Old_Joe, I notice the same changes in bank CD yield too, but I don’t know more than you do. Wonder if that is related to mortgage lending and the demand has greatly reduced after rounds of rate hikes.
Right now there are few 2-3 years non-callable CDs with yields above 4.60% at Fidelity. Have you consider treasury bills? 26 weeks (6 months) and 52 weeks (one year) treasury bills are yielding about 4.75% at auction as of past Tuesday. I was expecting the yield would go up a bit after the 50 bps rate hike, but it didn’t.

@ MrRuffles. If the acct is large, I think greater than 50K ask to be assigned to personal rep and ask for their phone #. Call that person and leave a message. They will facilitate resolution of any problems that might occur I always got a callback within 15 min. and they were fantastic in solving the issues. Hope this is helpful!

Ditto what BF said... Nice work @dtconroe...
Barring a huge plus or minus in the stock market in the last couple days of the year, I'll end the year over all somewhere around -11.5%. Better than my Fidelity and TRP benchmarks by a few percent, but that's of little solitude.
I will say, all my tinkering around the edges ended up being just a feel-good process making me think I was adding value. I guess my "helped and hurt" interaction cancelled each other out :) I come to that conclusion because 1/2 my money is in a Schwab robo and 1/2 I self-manage. Both portfolios are pretty much neck and neck at the finish line, the robo probably a few 10ths of a percent better.
The good news, at least I didn't screw things up to bad :)

Having mental health issues is no excuse for being a ”MAGA Nazi jerk”. But it might shed some light on this guy’s erratic and seemingly self-destructive behavior.
The 50-year-old Tesla and SpaceX CEO, who first publicly disclosed that he has Asperger's syndrome in his Saturday Night Live opening monologue in May 2021
I agree with @rono that Musk has “screwed the pooch” with his acquisition of Twitter and subsequent behavior. Yes. Exactly. Many who desired to own a Tesla will now shun it, unless this guy can seriously clean up his act.
I don’t know if Musk is a Nazi. But another famous U.S. rocket pioneer was a former card-carrying Nazi. Yet his contributions to the 1969 U.S. manned lunar mission were monumental. Wernher von Braun … Not sure what that demonstrates except that intelligence and morality are two distinctly different matters.. Thanks @rono for the spot-on commentary.

Because at the end of this difficult year you've got to laugh, or, at least, try to:
I wonder if his defense could be that Larry David the character was dismissive of crypto in the ad regardless of what the ad said at the end?
https://variety.com/2022/digital/news/ftx-lawsuit-larry-david-tom-brady-stephen-curry-crypto-1235434627/
https://avclub.com/larry-david-ftx-ad-class-action-lawsuit-1849794031
Also, the trial should be interesting. When will you ever see Larry David, Tom Brady and Shaq in the same room together again?

1-YR chart is current to 12/15/2022. Shows which sectors helped and which detracted from an investment portfolio.

Source & additional charts / commentary
Note - Since the chart is for 1 year, I’ll assume it’s tracking from 12/15/21 thru 12/15/ 2022

..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean utility company last year: ENIC. I don't need that shit. I'll look for an opportune moment, then get out. 52 week low today. I'll put that money to better use elsewhere. Prospects just discovered: CMTV, a small chain of banks in northern Vermont. HQ is right on the border with Quebec, in Derby. Also: NRIM. Bank out of Anchorage, offices spread all over the State. Wait for a pullback on that one.

I'm not a fan of bank stocks, but CMTV looks kind of nifty, actually. Their annual report, upon first glance, was rather readable. No Level-3 assets on the books, either!

Plz tell me what "Level 3 assets" are? Thanks.
Nevermind. :)
Just found this:
"Level 3 assets are financial assets and liabilities that are considered to be the most illiquid and hardest to value. Their values can only be estimated using a combination of complex market prices, mathematical models, and subjective assumptions."

..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean utility company last year: ENIC. I don't need that shit. I'll look for an opportune moment, then get out. 52 week low today. I'll put that money to better use elsewhere. Prospects just discovered: CMTV, a small chain of banks in northern Vermont. HQ is right on the border with Quebec, in Derby. Also: NRIM. Bank out of Anchorage, offices spread all over the State. Wait for a pullback on that one.

I'm not a fan of bank stocks, but CMTV looks kind of nifty, actually. Their annual report, upon first glance, was rather readable. No Level-3 assets on the books, either!

..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean utility company last year: ENIC. I don't need that shit. I'll look for an opportune moment, then get out. 52 week low today. I'll put that money to better use elsewhere. Prospects just discovered: CMTV, a small chain of banks in northern Vermont. HQ is right on the border with Quebec, in Derby. Also: NRIM. Bank out of Anchorage, offices spread all over the State. Wait for a pullback on that one.

Speaking of interest rates, those of us who have been stocking up on bank CDs have certainly noticed a slow but sure deterioration in the rate being offered for 2 and 3 year CDs: 4.95% CD offerings are now down to 4.65%. This started a bit before the last Fed .5% rate increase.
So here's a question: what do the banks know or think they know that the rest of the market doesn't? The rest of the market took a pretty good slump around the time of that last Fed increase, so the general market seems to be thinking that things are not going to be getting better any time soon.
How to reconcile this apparent divergence in expectations?