@AZRph : A very good point you've made !
@royal4 : Thanks for reporting back. Gal PAL had a hard time selling condo about 1 1/2
years ago for in the $165 K range. About 6 weeks ago it sold for $215 K. !!
Enjoy the summer, Derf

+1 Lewis. 1950 is too recent for the anti-woke crowd-They want to go back to 1850. And the White Supremacy ETF symbol(avoiding some inflammatory choices) is WASP !

hank's keen observation about non-stop flights into TVC tells a story about money and locations.
The Traverse City area and other shoreline communities to the north along Lake Michigan have a long past with wealth. From about 100 years ago, the vast amount of monies spent in these areas for property and houses arrived from an industrial based wealth class from Chicago and Detroit. A summer play land for the wealthy.
In the mid through late 1980's we vacationed in this area for a variety of reasons....besides being a magnificent area that is easy on the eyes and the cranium.
One of our observations when driving the "old" wealth communities (Harbor Springs, NNE of Traverse City and others) and the houses, is that one could view several auto license plates in the driveways.......Illinois, Florida and Michigan plates. The cars, generally speaking; were not baseline Chevy's or Ford's.
Likely 3 generations of an old money family on vacation for the entire summer, in particular the Florida plates, and folks escaping the Florida summer heat.
This observation revealed its own story, of course, IMHO.
Northport, N of Traverse City; has a current listing for 2.31 acres of vacant land, which has 814 feet of shoreline. At $2.6 million, the result is $3,300 per foot of shoreline. This may be one of the most expensive for the Michigan side of Lake Michigan; but it is not uncommon the expect to pay $2,000 per foot of shoreline for undeveloped property.
However, leaving the wealth side of things; a wonderful family vacation may be had in all of these areas, including great state parks alone the shoreline.
We've driven many of the county and state roads along these shorelines.
Traverse City and other larger locations are "busy" in the summer, but one may travel the shoreline a bit farther north and enjoy relative "quiet" and much beauty.
Good Hart and Cross Village sat. map
Traverse City and surrounds map
Thanks, @hank; for pulling the memories.
If there were a MFO class reunion, this area would be my pick. 'Course, the real draw would be my paying for the lodging for participants.

Updated Liquidation Plans

As we have described in previous updates and FAQs, the Fund has been working diligently with outside experts to analyze the pricing of the Fund’s portfolio at February 18, 2021 and prior periods. That process is ongoing. Simultaneously, the Fund has been undergoing a process to estimate its potential debts, obligations and liabilities, including, without limitation, all contingent, conditional, or unmatured debts, obligations and liabilities known or reasonably ascertainable by the Fund in order to determine an appropriate reserve to satisfy these liabilities. That process is also ongoing.
Although these efforts are continuing, in order to commence distributing the Fund’s assets to current shareholders as quickly as possible, on May 24, 2021 the Fund submitted a draft Plan of Distribution to the staff of the Securities and Exchange Commission (“SEC”) for its review. The draft Plan of Distribution anticipates an initial distribution of fund assets to current shareholders, but it does not specify the amount of such interim distribution. Accordingly, the Fund requested, and SEC staff has granted, an extension to June 7, 2021 for the Fund to submit a final Plan of Distribution that sets forth all initial reserve amounts and proposes an aggregate amount for an initial distribution of assets to current shareholders.
The Fund is making every effort to meet the June 7th deadline so that the SEC staff can complete its review of the Plan of Distribution as soon thereafter as possible. After the SEC staff completes its review of the Plan, the Fund will post it on this website and mail it to shareholders.
The Fund anticipates that it will be able to make an initial distribution to current shareholders within 30 days after the SEC staff completes its review of the Plan.

Somehow I thought a combination of the recent Florida house appraisal story, this sort of legislative history (https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america), and the new delving of the Tulsa massacre might clarify to whites offended by the word 'racist' what 'systemic racism' means.

Bought for 460k 12/2019 now asking 625k and they'll get that or probably more....crazy times.

I looked at one (advertised) in northern MI that 5-6 years ago would have carried a asking price under $200,000. Today they’re asking $375,000. That’s an older 3 BR ranch w walkout basement on an average lot.
Many year-round locals can’t afford housing. Problem - wealthy individuals from distant locations are buying up everything to serve as a 2nd or 3rd part-time residence or for speculation. Community leaders are looking at incentives to make housing more affordable - but seemingly intractable problem.
A relatively small local airport (TVC) now has daily non-stop service to / from NYC LGA. (Late afternoon / early evening flights which gives you an idea who the prime users are.) Much as I love NYC, I suspect that if those high heeled individuals are buying northern Michigan homes for second or third residences, the year-round locals won’t be able to compete on price with the NYC real estate market.

@LewisBrahm -- You share my deep suspicion of the rapid institutional isomorphism and brand-refresh extravaganza as a money grab.
For the record, however, one doesn't have to be a right-wing nutjob longing for some halcyon depiction of the 1950's to have broader suspicions of many slices of the current zeitgeist.

Bought for 460k 12/2019 now asking 625k and they'll get that or probably more....crazy times.

I think what the anti-woke investment crowd want most is a Time Machine Fund to return to the 1950s or a White Supremacy ETF. “Woke” has become one of those nebulous culture war terms the right uses to attack the left without actually committing to any real public policy to help the American people:
https://google.com/amp/s/nymag.com/intelligencer/amp/2021/03/is-anti-wokeness-the-new-ideology-of-the-republican-party.html
It’s a term that folks like Tucker Carlson—not the most enlightened source of investment advice—are obsessed with.

Distribution for May, $.0065 !! Hard closed needed by looking at this distribution.
Derf

Do you think that low distribution was a one-off and income will return to the usual (if fluctuating) levels when the fund is closed? Like several others I've been mulling over this fund for months but never pulled the trigger. Thanks.

Another couple of (encouraging) numbers I've failed to mention, so far:
for the total duration of my investment in these two funds to date, I'm getting a profit that looks like this. Just checked:
RPSIX: 6.23%
PRSNX: 4.98%. That's close enough to 5% to make me rather happy.
Why own bond funds? For ballast AND a bit of up-side. :)

Distribution for May, $.0065 !! Hard closed needed by looking at this distribution.
Derf

@royal4 : You mention 165K more than the price they paid. Now the question ,what did they pay for it ? 1.5 Mil. ?
Not a buyer or seller, Derf

Totally out of control... I think people are making up outrageous numbers when they put their houses on the market now from what I've seen and unfortunately they are getting those crazy prices and more. Last one I looked at they only owned for 1.5 years and are now asking 165k more than they bought it for....they'll probably get it. crazy.....

Would it be an over simplification to say that you own bond funds if you are afraid that you might panic and sell if there is an equity crash? Is that the primary reason? The market watch article says you own bond funds for safety and not return.
Ignoring the definition of a bond fund for the moment… as PRWCX (an AA fund with a LOT of equities) and HY (junk) bonds are not the same as an FXNAX. Those that held mostly or a large percentage of bond funds in their portfolio in Feb or March 2020 were probably very happy. How did they feel at the end of 2020 when measuring their bond returns vs equities or the S&P Index?

My investment style broke several myths because I don't follow simple rules and indexes.
Myth1: own bonds for ballast, it's about 10 years now that I own bond funds for performance too, starting with PIMIX in 2011.
Myth2: there is no free lunch. I had a free lunch for over 20 years. Anytime a portfolio Sharpe is higher than the index, it's usually free lunch. PRWCX performance since 2000 shows that it made more money than the SP500 with lower volatility. PIMIX in its glory days (2011-2017) made more money with lower SD than many allocation funds 30-40% in stocks.
Myth3: Momentum and trading don't work. It worked for me.

Marketwatch: USA.
https://www.marketwatch.com/story/are-property-prices-in-your-neighborhood-still-rising-blame-it-on-the-donut-effect-11622577473?mod=mw_latestnews
CBC: Canada. "The average price of a Canadian home sold in March went for $716,828, a figure that rose by more than 30 per cent in a year. That was the biggest annual increase on record."
https://www.cbc.ca/news/business/stress-test-mortgage-real-estate-1.6046758

I think we are at the tail end of early adoption phase. I think all major manufacturers will be getting into this thread as supporting side industries emerge. I own a VW Passat and this year VW stopped selling Passat in the US in favor of their new EV. They still keep Jetta as their high volume gas/diesel vehicle but transformation is happening. It will probably take another 10-15 years before EV become dominant type on the highways. It will need a lot more infrastructural changes (charging stations) all over US.

Does anyone buy I bonds with a max amount of$10k per person plus tax refunds can be added. Interesting article in Weekend WSJ.
Just in case you didn't read Davids' commentary :
Here’s how you can make more than 170X, raising your return 177-fold in a single trade. Move your cash from a bank account, where it’s probably earning about 0.02%, into an inflation-protected U.S. savings bond, which will yield 3.54% annualized. Unlike daredevil stock or crypto trading, buying an “I bond” is almost risk-free and delivers significant tax advantages. (The Safe, High-Return Trade Hiding in Plain Sight,” Wall Street Journal, 5/28.2021).

And then today there is this from WaPo:
Biden administration suspends oil and gas leases in Arctic National Wildlife Refuge

“I don't worry about market crashes, I sell, so, bring it on, the faster and deeper is better because the recovery will be much better too”;-)

Sir, I admire your perseverance.