@FD1000 said:

I have several criteria but the easiest one is the VIX, when...VIX>30 get ready...VIX>35 start selling...VIX>40 rapid selling. The catch of course is not to stay out for longer term. I have been out of the market about 3% of the times in the last 10 years.

This week seems to be one of those moments to watch the VIX.
https://finance.yahoo.com/quote/%5EVIX?p=%5EVIX

https://www.sec.gov/Archives/edgar/data/1217286/000119312521020134/d53492d497.htm
497 1 d53492d497.htm JPMORGAN TRUST I
J.P. MORGAN INTERNATIONAL EQUITY FUNDS
(JFTAX)
JPMorgan International Advantage Fund
(the “Fund”)
(All Share Classes)
(a series of JPMorgan Trust I)
Supplement dated January 28, 2021
to the Summary Prospectuses, Prospectuses and Statement of Additional Information
dated March 1, 2020, as supplemented
NOTICE OF LIQUIDATION OF THE JPMORGAN INTERNATIONAL ADVANTAGE FUND. The Board of Trustees (the “Board”) of JPMorgan Trust I has approved the liquidation and dissolution of the Fund on or about February 26, 2021 (the “Liquidation Date”). Effective immediately, the Fund may depart from its stated investment objective and strategies as it increases its cash holdings in preparation for its liquidation. On the Liquidation Date (for settlement the date after the Liquidation Date), the Fund shall distribute pro rata to its shareholders of record all of the assets of the Fund in complete cancellation and redemption of all of the outstanding shares of beneficial interest, except for any proceeds from any securities that cannot be liquidated on the Liquidation Date, cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund’s books on the Liquidation Date, including, but not limited to, income dividends and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the officers of the Fund deem appropriate subject to ratification by the Board. Income dividends and capital gain distributions, if any, may be paid on or prior to the Liquidation Date. If you have a Fund direct IRA account, your shares will be exchanged for Morgan Shares of the JPMorgan U.S. Government Money Market Fund unless you provide alternative direction prior to the Liquidation Date. For all other IRA accounts, the proceeds will be invested based upon guidelines of the applicable Plan administrator.
Upon liquidation, shareholders may purchase any class of another J.P. Morgan Fund for which they are eligible with the proceeds of the liquidating distribution. At the time of the purchase you must inform your Financial Intermediary or the J.P. Morgan Funds that the proceeds are from the Fund.
PURCHASES OF FUND SHARES FROM NEW SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER FEBRUARY 1, 2021.
PURCHASES OF ADDITIONAL SHARES FROM EXISTING SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER FEBRUARY 24, 2021.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY
PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE
SUP-IA-LIQ

https://www.sec.gov/Archives/edgar/data/1137761/000110465921008273/a21-4007_1497.htm
97 1 a21-4007_1497.htm 497
SUPPLEMENT DATED JANUARY 28, 2021
TO THE PACIFIC FUNDS PROSPECTUS DATED AUGUST 1, 2020
FOR CLASS A, CLASS C, CLASS I, CLASS R6 AND ADVISOR CLASS SHARES
This supplement revises the Pacific Funds Prospectus dated August 1, 2020 for Class A, Class C, Class I, Class R6 and Advisor Class Shares, as supplemented (the “Prospectus”), and must be preceded or accompanied by the Prospectus. This supplement applies to Pacific Funds Large-Cap Value only. Remember to review the Prospectus for other important information. Capitalized terms not defined herein are as defined in the Prospectus.
NOTICE OF LIQUIDATION OF PACIFIC FUNDSSM LARGE-CAP VALUE
On January 25, 2021, the Board of Trustees of Pacific Funds Series Trust (the “Trust”) approved a plan of liquidation (the “Plan”) for Pacific Funds Large-Cap Value (the “Fund”), a series of the Trust. The liquidation of the Fund is expected to occur on or about March 1, 2021, or such other date as any officer of the Trust shall determine (the “Liquidation Date”). The Liquidation Date may be accelerated if all shareholders of the Fund have redeemed their shares prior to that date.
In order to convert all portfolio securities of the Fund to cash or cash equivalents in preparation for the liquidation, the Fund is expected to deviate from its investment goal and investment strategies until it is liquidated on the Liquidation Date. For example, short-term money market or other instruments may be held by the Fund in anticipation of its liquidation and these investments will not perform in the same manner as investments held by the Fund under normal circumstances.
No new shareholders into the Fund were accepted after December 1, 2020. Investments from existing shareholders of the Fund will no longer be accepted after February 5, 2021. Shareholders holding shares subject to a contingent deferred sales charge (“CDSC”) as of February 5, 2021 will not incur a CDSC on any redemptions on or after February 5, 2021, nor on any amounts distributed on the Liquidation Date. Shareholders may exchange shares of the Fund for another Fund of the Trust at any time prior to the Liquidation Date pursuant to the exchange provisions described in the Prospectus.
Plan of Liquidation. Pursuant to the Plan, on the Liquidation Date the Fund will distribute to its shareholders of record, as of the close of business on the Liquidation Date, all of the remaining assets of the Fund in complete cancellation and redemption of all of the outstanding shares of the Fund, except for cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund’s book on the Liquidation Date, including, but not limited to, income, dividends, and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the Board shall reasonably deem to exist against the assets of the Fund on the Fund’s book.
Disclosure Changes. All references to and related to the Fund in the Trust’s registration statement (including the Prospectus and Statement of Additional Information) will be deleted effective upon the Liquidation Date. No further notification regarding the liquidation of this Fund will be provided, unless circumstances change from those described above.
SUPPLEMENT DATED JANUARY 28, 2021
TO THE PACIFIC FUNDS PROSPECTUS DATED AUGUST 1, 2020
FOR CLASS P SHARES
This supplement revises the Pacific Funds Prospectus dated August 1, 2020 for Class P Shares, as supplemented (the “Prospectus”), and must be preceded or accompanied by the Prospectus. This supplement applies to Pacific Funds Large-Cap Value only. Remember to review the Prospectus for other important information. Capitalized terms not defined herein are as defined in the Prospectus.
NOTICE OF LIQUIDATION OF PACIFIC FUNDSSM LARGE-CAP VALUE
On January 25, 2021, the Board of Trustees of Pacific Funds Series Trust (the “Trust”) approved a plan of liquidation (the “Plan”) for Pacific Funds Large-Cap Value (the “Fund”), a series of the Trust. The liquidation of the Fund is expected to occur on or about March 1, 2021, or such other date as any officer of the Trust shall determine (the “Liquidation Date”).
In order to convert all portfolio securities of the Fund to cash or cash equivalents in preparation for the liquidation, the Fund is expected to deviate from its investment goal and investment strategies until it is liquidated on the Liquidation Date. For example, short-term money market or other instruments may be held by the Fund in anticipation of its liquidation and these investments will not perform in the same manner as investments held by the Fund under normal circumstances.
Plan of Liquidation. Pursuant to the Plan, on the Liquidation Date the Fund will distribute to its shareholders of record, as of the close of business on the Liquidation Date, all of the remaining assets of the Fund in complete cancellation and redemption of all of the outstanding shares of the Fund, except for cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund’s book on the Liquidation Date, including, but not limited to, income, dividends, and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the Board shall reasonably deem to exist against the assets of the Fund on the Fund’s book.
Disclosure Changes. All references to and related to the Fund in the Trust’s registration statement (including the Prospectus and Statement of Additional Information) will be deleted effective upon the Liquidation Date. No further notification regarding the liquidation of this Fund will be provided, unless circumstances change from those described above.

...Just noticed that the 3.5% offering from Navy which was there for so long is down to 3%. And the AMOUNT you can invest at that rate is severely limited, as was pointed out on an older thread here. Seems to me you'd have to have EVERY other conceivable base covered, in order to decide to put money there.

Picked up this link on *The Big Picture* more of the same
“ Bronte’s strategy has not changed. But we act with extra caution: keeping positions small, watching our hedges carefully, and increasing our willingness to “duck and cover” when danger lurks. Meanwhile we are honing our list of garbage SPACs and other dross sold to retail. It is a target rich environment. One day—when the targets are not shooting back with such vehemence—we will short more aggressively. Till then we just wish to keep the book under control.
You, dear clients, however have a choice to make – and we will understand if you make it. Our recent results are not good; but we believe our future will be better, for this period too will end. However, perhaps you possibly know a young manager who has earned well over 100 percent this year. You might want to take your money there. It pains us to say this – but given our results we will understand if you do.
And maybe it will work. But it comes with a warning. Of the tens of millions of people who have come to the market in the past year or so and are up big, some will be great – but most will be this cycle’s go-go victims. For them 80-95 percent losses beckon.
Be careful out there. And stay rational. We will be.
The Bronte Team”

MGGPX, MSEGX, MSSMX, MIGPX and yes I would say they are big players. I’m trying to avoid “dworsification”... it’s hard for me. But yes the first fund is my core International and the last one is the only one I could buy in that account. I have 10 percent or so in MSSMX coupled with my WAMCX. Replaced William Blair LC with MSEGX but I already had FBGRX and FDGRX... so a bit of duplication or too much in LC growth there.
I recently backtested a simple formula... 4 funds only. FXNAX, FBGRX, MGGPX and FBALX.... I couldn’t believe what I discovered. It was only about 4 percent less than my portfolio over 5 year plus. So I may have to reign myself in and KISS.

That’s very helpful @Baseball_Fan. When Professor Snowball profiled ARTTX in its first set of clothing he pointed out that there was no measurable management record for Mr. Smith. As you rightly say, he now has a record at Artisan and it is plausible to attribute some of his skills to having learned on several jobs. The bogey for the Focus fund is the S&P 500 according to Artisan materials, while M* has it in the LG category. There are few LG funds that haven’t done well in the past 3 years. I wonder if the risk control measures will serve shareholders well once we get into a period when LG is not the only game in town. I’ll keep an eye on this fund, now that you have piqued my curiosity. Longs and shorts got nailed today, making me wonder if there’s anywhere to hide. I put some $ in EM ESG and SCV. Best of luck.
.

Beating a dead horse here, but SCG MSSMX UP 2.99% on a sell-off day.
For me, that does it: adding more to it tomorrow.
Maybe another +150% year is coming?

We can't go upward forever in a straight line. Today feels to me like a bit of a breathe-er. Today is certainly noteworthy, but just a blip, when considering an investment-lifetime. High confidence in my fund picks lets me relax after a day like today. Due diligence duly pays off, long-term.
From largest stake to smallest: PRWCX RPSIX PRSNX PRIDX PTIAX BRUFX PRDSX. 53% bonds. 29% US stocks. 10% foreign stocks. 8% cash.

Hi @Baseball_Fan
Perhaps the global equity needs to take a rest. We are at 53% equity, tech. and healthcare; positions we've held for some time now. The other 47% is in BAGIX, a plain vanilla, active managed bond fund.
'Course, we always prefer to find all of our investments headed into and remain positive, eh?
Interesting times remain in investment land.
Regards,
Catch

@BenWP
I don't believe ARTTX and VLSAX have similar strat's. I like ARTTX as it is a "risk-aware, not specifically L/S" fund and the way I understand it is there is an associate on board whose role in managing the portfolio is focused on risk management thru use of options or other, etc. The fund is run using a very process oriented approach and has out performed the SP500 by a substantial margin since inception. I like his pedigree from where he used to work at a couple hedge funds, likely learned quite a bit and took away "best practices" experience.
VLSAX, run by KAR investments out of LA focuses long high quality, high ROIC, history of resilient earnings growth, minimal debt stock, short, low quality, high leverage, poor cash flow, declining financial metrics stocks
per July 2020 Value Investor (apologies to you and the board as I can't seem to get the linking thing down, argh, I kept looking for a post on how to do that from the past, can't find it). Another good article about ARTTX if you Google, morningstar, an up and comer from top notch fund group, July 2019
Lineage
While each successive manager typically customizes along the way, it’s not
uncommon in the investment business
for strategies to be passed from generation to generation. Christopher Smith of
Artisan Partners provides a representative case in point. The founding portfolio manager of the firm’s Focus Fund –
which was launched in 2017 and now
manages $1.3 billion in assets – Smith
takes an “industry-first” approach to
identifying attractive equity opportunities, looking initially for industries with
what he believes are accelerating profit
cycles and then for the companies that
are priced right and best positioned to
profit from them. He learned the basics
of the approach from Karsch Capital's
Michael Karsch [VII, March 31, 2010],
who learned it from Duquense Capital’s
Stanley Druckenmiller.
With three years under his belt at Artisan, Smith's rendition of a thematic
approach since its April 2017 launch
has earned a net annualized 23.8%, vs.
10.9% for the S&P 500
Good Luck to All,
Baseball Fan

I think you are referring to P. 17. All GP funds out-performed their respective benchmarks by a large margin for 5+ years. Also many GP funds are Great Owl funds. What makes GP differs from other mutual fund family is close their funds at fairly low asset level (well less than $500 millions). Also they stay within their competency/expertise in the mid-small-micro cap space unlike other shops that keep on expanding just to attract new $.

Better off going to cash than investing with Hussman.

This is very good financial advice!
"Obviously, Hussman turned into a 'perma-bear,' calling for disaster constantly (and wrongly). Hussman still insists that he will be vindicated, and criticizes those who would 'declare victory at halftime.' He criticized 'declaring victory at halftime' previously six full years ago (that’s one long halftime). Hussman wants us to believe that he’s not wrong, merely right but early. However, if you keep making the same wrong call over and over, you don’t get any credit for it when you’re (eventually) right."
"Through 2019, Hussman’s Strategic Growth fund has suffered a 10-year average annual 'return' of -7.54 percent, compared to a 13.24 percent average annual gain by its benchmark, the S&P 500. Despite exceptional early returns, the fund not only badly trails the S&P since inception, it is now a money loser since inception. Notwithstanding this terrible performance, Hussman keeps charging investors 1.25 percent annually to lose their money."
Link

Aside from an outstanding 2020, SVARX has ebb above and below a multi-sector fund like PTIAX. When I see these two charted together I am reminded that owning an equal share of both helps smooths things even further than one alone if low volatility is your goal.
Here's the two individually and then combine (50/50):
Individually and Equal Weighted

Evening Crash. A google search produced this. "
‎June 5, 2019 10:22 PM
Code G means direct rollover and it will not be taxed at all. You don't need to enter where you moved it. But just to warn you the Income Summary and Review screens will show the full amount as income and make it look like it's being taxed. But it's not, you have to look at the actual 1040 or 1040A and see that the taxable amount is zero and has the word ROLLOVER by it.
Stay Safe, Derf

Yes, I'd forgotten about the $5M entry, but my wife was in that one for a few very profitable years--- but via her 403b.
That's what I was thinking, 401k or 403b.

My offering to this discussion on small-caps: VSCIX Vanguard. Index.

Excellent choice, up to a point.
VSCIX has a $5M minimum for all types of accounts. I own VSMAX with a slightly lower minimum.

Yes, I'd forgotten about the $5M entry, but my wife was in that one for a few very profitable years--- but via her 403b.

My offering to this discussion on small-caps: VSCIX Vanguard. Index.

Excellent choice, up to a point.
VSCIX has a $5M minimum for all types of accounts. I own VSMAX with a slightly lower minimum.

@racqueteer
MSSMX UP another 5.31% today. Time to look a little deeper under the hood of this freight train.
And...at what level do "finder's fees" apply? ;^)

Have I traveled in time back to the 1980s? Where's the DeLorean?
American Century introduced its A shares mostly in the late 90s, and at least one, ALPAX, after 1999, but I get your point.
What a surprise...three of the better Royce funds. Legg Mason, a true fiduciary
Franklin Templeton. LM is just a subsidiary now, albeit semi-autonomous.
I thought it was strange that Royce would start to offer "A" share class
See above. Franklin Templeton is coordinating breakpoints across multiple brands of its funds: "Certain financial intermediaries may allow you to combine multiple purchases of shares of certain Royce, Franklin Templeton, and Legg Mason funds to take advantage of the breakpoints in the sales charge schedule for A Class shares."
Yeah I'm going to run right out and buy a 5.25% loaded fund in 2021. LOL
Actually, if you want any of these funds, you may very well run out and buy the A shares, though load-waived. "Shareholders purchasing A Class shares through certain financial intermediaries or in certain types of accounts may be eligible for a waiver of the sales charge"
That's what's key here. Often what happens (see Lewis' 1980s funds) is that the retail class is restricted (closed, or made into an institutional class, or ...), and one winds up purchasing A shares, load waived, with their added 12b-1 fee.
Even now, if one wants to buy PENNX at Fidelity or at Schwab, one will pay a transaction fee. You can buy RYPFX (service class shares) with its 12b-1 fee, same ER as the new A shares, NTF.