@MikeM, I can not reconcile your first paragraph and against the paragraph from the Q4 letter I had quoted. I am not looking for any reply / response. We have different expectations. I see what I see and shared. I am not looking to convince anybody.
In case my prior posts on GP and other managers did not make it obvious, I hire active fund managers for their business. I am not concerned about short term results. Since you mentioned about YTD results, you can look up GUSYX - M* says 25 percentile performance. I mention GUSYX because it is easy to see in it the paragraph I quoted. GISYX happens to be 8 percentile.
Years ago, Fund X made a mistake and when some of us asked for more information, they were dismissive about it. I was a novice investor at that time but I did not like their business practice and withdrew my investment. Others while were irritated by the fund’s FU mentality, stuck around. I never looked back at Fund X Co. As I said, I am not pulling my investment from GP but i am not increasing my investment. If I am not able to increase my investment to 5-10% of my PV, I liquidate. I go up to 40% of my PV. Making a temporary exception for GP.

Wow, top of the (initial release) line!
https://en-academic.com/dic.nsf/enwiki/18042
Could one even buy a used Model 50 in 1975 (when Vanguard was founded) or later?
My mother programmed on the S\360 Model 30. She also ran sysgen's for the OS.

I'm sure Vanguard has at least a S360 Mod 50...and don't call me Shirley!

Some institutions provide investment account 1099s slightly early, i.e. in the fourth week of January. Vanguard sent me email yesterday (Jan 26th) saying my 1099 was available online. Though Fidelity originally said that it would provide the 1099 for my taxable account on Jan 22nd, it now says that I should check back on Feb 12 for a new date.
Years ago institutions had to send all 1099s out by Jan 31. As investments and tax laws became more complicated, this led to an increasing number of corrected 1099s being generated. More taxpayers wound up needing to file amended returns. So some deadlines were extended to February 15. (See, e.g. Notice 2009-11 extending a 1099 deadline starting with TY 2008.)
Beating the deadline by a few days is not necessarily a good thing. Better to get it right the first time than to risk having to correct it later.
FWIW, each year several T Rowe Price funds delay reporting until Feb 15. These are its real estate funds and also its small cap value (PRSVX) fund. My wild guess on the latter is that it sometimes reports non-zero amounts of Section 1250 gain. For its other funds, TRP says "late January".
https://www.troweprice.com/personal-investing/resources/planning/tax/preparation/tax-mailing-schedule.html

@BaluBalu, aren't small cap global, especially small cap "growth" funds that may even hold some amount of EM, inherently volatile? There is no fund that navigates every economic condition, but over time the GP group has navigated better than most. There is no management team or fund-house that can "time" the market nor should they try. I personally wouldn't want my global growth fund to suddenly change it's style to something else. These aren't alternative funds that have that flexibility.
Just a different opinion.
The GP funds appear to be right in the mix of all other funds of their style for volatility and YTD return. Even the esteemed Wasatch funds, ie. WAGOX, has had a rough start to 2022. Worst than the GP fund I own, GPGOX.
I took a quick look at random Global Small-Mid Growth funds. here are some #s YTD:
GPGOX -13.3%
WAGOX -17.2
KGDAX-12.2
OBEGX -18.1
GLNAX -11.8
Personally, I wouldn't exchange my 5* GPGOX for any of these.

@BaluBalu :
Of the (7) GP funds with records of 3 years as of semi annual report date Oct 31 2021,
five have returns that are fairly close. The other 2, GPEIX & GPIIX trail. Both of these two were their first launches.
The 5 year returns also echo the same, both trail.
But as anyone knows this could turn around !?
Enjoying the ride, Derf

I recently had to deal with TRP (online and phone) due to creation of a trust. I called their generic number, and was allowed to leave a call-back number. When I gave the Price rep my account info, he said "You're an elite customer ($2M+), I'll have to transfer you to a special rep."
In TRP's Bizarro world, "elite customers" don't get to leave a call-back number, so I had to listen to their crappy music for 35 minutes. Go figure!

The US is pretty red and between 1.5 to 2% down as of 1 AM EST.

Depending on the extent of damage I’d expect some of the FOMC members to be out publically talking their game plan, whatever it is, and trying to prop-up any teetering markets. They’ve been sidelined in the days leading up to this week’s meeting,
“Blackout Periods Federal Reserve policy limits the extent to which FOMC participants and staff can speak publicly or grant interviews during Federal Reserve blackout periods, which begin the second Saturday preceding a Federal Open Market Committee (FOMC) meeting and end the Thursday following a meeting unless otherwise noted.” Source

Thanks for the links @Catch22.
Might be helpful to consolidate the 2 “red” threads? Here’s a a more recent one..
Likely to remain the color of the day for a while.

BIVIX has done quite well for the 4 year period starting 201801 -- APR of 20.1 and MaxDD of 14.4. I picked 4 years because BIVIX is less than 5 years old.
Screening for funds with a 4 year performance period starting 201801, APR of at least 20 and a MaxDD of 15 did not yield any funds in the Alt category. The closest I saw was SAPEX which has an APR of 17.7, MaxDD=14.6
Some select life of fund stats vs. SP500
APR 19.7 vs. 18.3 (impressive!)
MaxDD 14.4 vs. 19.6 (again very impressive)
Ulcer Index of 5.3 vs. 4.5

Another suggestion that a Powell Put may well be slower to show up this time around even if the stock market buckles under the pressure...

Jerome Powell stuck to one message Wednesday, that the economy is strong and inflation must come down. Harried stock traders thought they heard another one: you’re on your own.

Jittery Markets Buckle as Powell Signals They Must Go It Alone

David wrote about the fund in May of '19. https://www.mutualfundobserver.com/2019/05/balter-invenomic-bivrx-bivix-bivsx/

One of my trackers covers daily performance of 18 different funds & ETFs - none of which I own. Only 3 were green today. 15 were in the red. This covers a wide spectrum of asset classes and styles.
The 3 green:
BRCAX +.83% (commodities)
HEGD +.11% (equity L / S)
JHQAX +.12% (hedged equity)
Biggest losers:
SLV: -1.36% (silver bullion)
TRREX: -1.30% (real estate)
SWAN -.76% (hedged equity)
TEMWX -.77% (global equity)
What’s interesting is that most of the losses were slight. But the damage was widespread across asset classes. The 2 Hussman funds I track, HSGFX and HSTRX were both red as well.
One fund (not on that list) that I own took the “prize” today. OPGSX (gold miners) lost 3.45%. The good news is the metals (of late) tend to be “Lucy Goosey” and follow no set pattern. Tomorrow’s another roll of the dice!

I have to admit I'm slightly envious of long-term PRWCX investors.
If anyone is disappointed with the fund's recent performance and is interested in liquidating their position, perhaps we can strike a deal? ;-)

Hahahaha! Love this! Please add me to the list!

Happy to transfer shares at $500 each!!! /ducks

I predict that this week's SP500 close will be higher than today's close and there will be articles around the theme of "rising rates due to strong economy is a good thing"
Now that I have officially made the forecast, expect the opposite to happen!

Notes from FOMC releases & Powell's press conference:
Rate hikes will start soon (March). The fed fund rate will become the primary tool of Fed monetary policy. Expected will be gradual +0.25% rate hikes, but +0.50% hikes were not ruled out.
The QEs will be reduced in February & should end in early-March.
The Fed balance sheet reductions will start (around mid-year) after the rate hikes begin (in March) & will run in the background. The MBS will be gone faster & entirely at some point. The balance sheet will shrink substantially to a level needed for Fed operations.
The labor market is very strong. The current inflation is also very high but is expected to decline. People on fixed-income are affected more by high inflation. Less fiscal stimulus is expected. The Fed will remain flexible in its policies & actions. The yield-curve is normal now & will be watched. It will be a year of tightening. Risks include high inflation, various threats to economic expansion, Covid-19 factors, supply-chain disruptions (that should gradually clear), Europe, etc.
The stock market has been very volatile this week. It was up strong on Wednesday morning but turned down after the press conference.
Additional statements were issues on 1) long-term monetary policy & strategies, 2) principles for Fed balance sheet reduction.
LINK

“... somehow I don't think this will end well.”
Yep. Nuts
Just another bizarre day. Haven’t liked the market action for a while. Missed most of the Fed news today. Need to catch up. Powell’s mumbling something on Bloomberg … DKNG pulled back from +17% to only +9%. The DOW which has been up 300 points or more today is negative 50 as I write. Hmm …
Gold’s getting mildly slammed today (off $33.00). But it’s still $1818 - far ahead of the $1700 it flirted with last year. I’m hanging on to DKNG this time around because I have some good hedges in place if all H breaks loose. As @Derf says “Enjoy the ride.” YOLO
WTF?. The Dow fell another 300 while I was writing. Will need to write faster! ;)
Pundits welcome!

By weekly or monthly peaks do you mean simply a rollup or summary of each week's values that shows the highest intraday (instantaneous) value achieved during that week? I'm not sure if that's what you're looking for since you add that intraday data is too noisy.
Perhaps you're looking for easy access to each week's closing value. Then one could calculate a monthly peak as the highest of the weekly closes, much as one might calculate a monthly peak as the highest daily close over the month. Either way, this is filtering out some noise. In the former, one is filtering out even daily fluctuations. In the latter, one is filtering out only intraday fluctuations.
Whatever. Here's Yahoo's weekly data for the S&P 500 (and its pre-1957 predecessor) going back to 1927. Since it gives both weekly instantaneous highs and weekly closes, it gives you whichever you're looking for. Digital, discrete. No analog charts, no mouseovers needed.
Yahoo weekly historical S&P 500 data (Yahoo can also return monthly data rather than weekly data.)
Unfortunately, not downloadable, likely due to licensing issues:

Please note: This [download] feature is not available for all instruments due to data licensing restrictions, in which case the "Download" option is not present.

https://help.yahoo.com/kb/SLN2311.html

I don't look at intra day numbers to define off high/low because intra day is way too noisy. Even daily is noisy imo and I would prefer weekly or monthly but I need to find a tool that allows me easy access to weekly and monthly peaks without whipping out the calculator and reading charts.

SP500 is about 9% off its last peak so this isn't even technically a correction yet.

The S&P 500 ended with a 0.3 percent gain, but not before plunging to a point where it was more than 10 percent below its Jan. 3 record. That kind of drop, called a correction, doesn’t happen often, and is a marker of investors’ souring attitudes toward stocks.

https://www.nytimes.com/2022/01/24/business/economy/us-stock-market-correction-territory.html
That was as of Jan 24th. Today the S&P 500 again dipped below its Jan. 3 peak (hitting a low of 4287.11

per Yahoo). Does it really matter whether the index drop is "technically" a correction? What's the difference between dropping 9.99% and 10.01%?
As the NYTimes puts it, "The 10 percent trigger for a correction is an arbitrary, round-number threshold. But it serves as a signal that investors have turned pointedly more pessimistic about the market."