https://www.sec.gov/Archives/edgar/data/29440/000119312522045497/d233985d485apos.htm#toc233985_14
Class X Shares may be purchased only by eligible defined contribution employee retirement benefit plans that have contractual relationships with Dodge & Cox.

Barron's Best Fund Families, 2022
OVERALL: 1-Sit, 2-AllianceBernstein, 3-Amundi Pioneer, 4-Pimco, 5-DFA, 6-Neuberger Berman, 7-Natixis, 8-Victory, 9-MainStay, 10-Fidelity, 11-Thrivent,..., 13-Price, 14-USAA,..., 19-John Hancock,..., 21-American Funds, 22-Lord Abbett, 23-Invesco, 24-American Century,..., 29-Nuveen,..., 32-Manning & Napier, 33-Federated,..., 40-BlackRock,..., 43-Vanguard,..., 51-Madison (last entry). Listed are top 10 and some familiar names.
WORLD EQUITY: 1-Amundi Pioneer, 2-Thrivent, 3-DFA, 4-Pimco, 5-Manning & Napier.
US EQUITY: 1-AllianceBernstein, 2-SIT, 3-Pimco, 4-DFA, 5-MainStay
MIXED ASSETS: 1-Victory, 2-Federated, 3-DFA, 4-Pimco, 5-Natixis
TAXABLE BONDS: 1-Amundi Pioneer, 2-American Century, 3-USAA, 4-Lord Abbett, 5-Sit
MUNI BONDS: 1-Nuveen, 2-Invesco, 3-Victory, 4-USAA, 5-John Hancock
Fund families included has at least 3 active mutual funds/OEF and ETFs (including smart-beta/factor), 1 world equity fund, 1 mixed asset fund, 2 taxable bond funds, 1 muni bond fund. A composite performance score was used for rankings.
Notable omissions due to not meeting requirements included Dodge & Cox, Janus, etc
There were several notable consolidations: Eaton Vance was bought by Morgan Stanley, BMO Asset Management by Columbia Threadneedle, Ivy Funds by Macquarie (previously bought Delaware Funds), etc.
https://www.barrons.com/articles/barrons-best-fund-families-51645201043?refsec=funds
https://ybbpersonalfinance.proboards.com/thread/252/barrons-best-fund-families

Just dumped my primecap core and put into on PARWX.

I was debating if I should add to VHCOX. Any insight you may be able to share about the above trade would be appreciated.
P.S.: feel free to send a message if that is more convenient - I am not looking to debate!

Hi @Mark - I’m a dedicated Bloomberg viewer. Bloomberg is more focused on the broad macro-view as it affects investors (interest rates, Fed policies, commodity prices, sectors, company leadership , etc.). To even interview a fund manager during the business day is rare. I’ve never known them to devote more than 10 minutes to one during the trading day when most viewers tune in.
Bloomberg does present some good 30-minute interviews with investment and business professionals (ie Mary Barra, Jeremy Grantham, Howard Marks). David Rubinstein, a prominent investor in his own right, is one of their interviewers. These shows are usually presented evenings or weekends so as not to interfere with the more prominent daily business news.
The focus in a Bloomberg interview is much different. They usually present a much more circumspect appraisal of investment climate, trends, events and investing style. If it’s an investment product under discussion, the interviewers bring up both the potential favorable and non-favorable outcomes. Often the interviewee does the same. You don’t get the feeling you’re being “sold” something.
PS - @Mark - There’s a link to a partial transcript in my earlier post. If you or others are happy with how the interview went, I’m cool with it. AFAIK I’ve received 0 votes here for better disclosure. I’m cool with that too. Not a “CW basher”. Not qualified to comment on her methodology. Have never met or seen her personally.

CW bashing is unjustified (at this point

@wxman123 - Kindly point out where you see “bashing” here.
CNBC advertised this as a 90 minute interview. Absent commercials and moderator’s questions CW was given at least 60 minutes of largely uninterrupted nationally broadcast air time to promote her investing methods / funds.
My question (posted yesterday) was simply whether more should be done in these types of shows to inform investors that the speaker is presenting “best case” outcomes and that there are also substantial risks associated with those investments.You and I know that. But I don’t think we should assume that the tens of thousands of viewers who happened to watch all do. I’d be just as concerned had David Giroux or Mario Gabelli been allowed to talk for an hour or more promoting their funds without adequate attention being paid to the risks involved.
Here’s a link to a partial transcript from yesterday’s program. I don’t think CNBC allows free access to previous interviews, but if someone can prove me wrong and link the entire interview it would be appreciated.
-
Some of us remember the class with which Louis Rukeyser conducted his Wall Street Week program In the 70s - 90s. Representatives of mutual funds or other financial products were given about 10 minutes one-on-one with Lou. Usually the questions weren’t hard hitting, but on several occasions he did drill down. Another 10 minutes was spent with a panel of four highly qualified investment experts questioning said presenter in a round table setting. The show ran 30 minutes and did not have commercials. To me this is a better way to let them air their product to the public than what transpired at CNBC yesterday.

Stock futures were/are up overnight. But with geopolitical situation as it is, do the traders want to go into the long 3-day weekend with many long positions? I am thinking of down closing today but that may or may not happen.
Oil futures are down but oil is in significant backwardation (roll-benefit 1.77% from just March to April CL/WTI; that is 23.4% annualized) and oil volatility ^OVX is in 50s!
https://www.cmegroup.com/

According to MS, a "respected fund" like MGGPX (which I own) is down 16.47 YTD while ARKW (which I also own) is down 26.34. Over 5 years, MGGPX is up 17.69 while ARKW is up 29.92. There's not much to see here based on past performance; it is what was to be expected. CW bashing is unjustified (at this point). As many have said before me, you are what your record says you are. CW's record has been stellar, and as I've also said before, one should expect extreme volatility in any fund up 157% in any given year.

Just for you @catch22 :
https://finance.yahoo.com/news/the-markets-catch-22-of-russia-ukraine-and-the-fed-morning-brief-101217346.html

If the charges are true, Mr. Velissaris has a brazen disregard for the law!
I'm somewhat surprised that he was able to avoid prosecution for so long.
Mr. Velissaris allegedly engaged in this fraudulent scheme from at least 2017 through February 2021.

Hi @BaluBalu
You noted: "(CNBC, Fox Business, Bloomberg) seem to operate the way Facebook operates (targeting hysteria, outrage, fear, and other extreme human emotion). Not sure if the world has always been this way because I only started paying attention (consuming media) recently."
We all have different impressions of presentations by person(s) "x". Tis why so many forms of comedy exist, eh?
Give yourself at least 120 hours of viewing time per program, at different times of the day, for any of the the programs you mentioned.
My ongoing preference for cerebral/intellectual commentators and their chosen guest(s) remains with Bloomberg. Too many parts Fox and CNBC are less cerebral presentations relative to the hosts, IMHO. Although both do have some decent thinkers periodically.
Let me know when you find any of the "hysteria, outrage, fear, and other extreme human emotion" at Bloomberg regarding business reporting.
Let us know your opinion in another 6 months or a year, your opinion of the various business networks presentations.
Remain curious,
Catch

Re: reconstitution dates. The 1. IAD (Indicated Annual Dividend) and the 2. stock price used in the calculation of a company's dividend yield are the last business day of February. SCHD is reconstituted once per year. YTD: SCHY +2.47% SCHD -3.37%.

How did this small bunch do last time Fed attempted to taper and normalize?

Hi Ben. Sorry for delayed response. CBLDX has less downward volatility, but granted less return since launch. I like the CrossingBridge shop and strategies ... they seem very focused. So far, fund is behaving as expected. Another fund I've championed for conservative investors is PMZIX. But it has not kept up with its dividend since Fed announced taper last July. Better than DODIX! Still, tough time for conservative investors right now. I do believe we need to normalize, but suspect the ride back will not be easy.

What if there is an invasion....this chart looks at the impact of several geopolitical shocks on subsequent stock market performance:

Link: Russia-Ukraine crisis

@hank, I'm not certain that those stocks that are held in Wood's ETFs will be ok in the long run...any stock can go to Zero. But she might have one or two early Amazon's in her holdings...
I certainly remember back in the late 90's...had some close friends who worked for a company that at one point had a market cap of ~$9B, 1300 assoc, up 1500% from its IPO., stock price just under $300 share..on paper their options easily worth over a MIL which was real good money back then...they bought the boat, extra land in Austin etc...then a few years later Poof...stock price in single digits....co gets sold for ~$300M...options underwater, nada, nix, nothing, zero....
@Mark, curious, what age range, demographic do you think most holders of Wood's ETF's are? I have no idea but would guess that most are younger as folks like me who saw that movie genre in the mid-late 90's and the early ought's I'm guessing are staying away.
One thing I am starting to think I might agree with her that there are already signs of economic slow down...this talk of multiple rate hikes...no way can that happen. The stonk market is going to dive...JP then holds off on more rate hikes....but.but.but, the inflation is out of control... stagflation, more than likely, no?
I hope it works out for everyone, good luck!
Baseball Fan

Circling back to this topic. Considering adding to position in PARWX. Ran some MFO quick search’s. Really impressed with COWZ ratings and performance. Looking closer at PARWX, I was wondering why the MFO rating dropped to 2 for 1 year. Asked the question earlier in thread. I’m guessing since MFO rating is tied to Martin…that’s why. Martin and Ulcer for 1 year for PARWX are lower than other GO same category funds.

Gold’s up another $27 today in what’s been a strong week. Teetering around $1900 - which would be a 1-year high. Miners up almost 3% across the board today. Metals aren’t always a good hedge against equity selloffs. But today they are. BTW: The 10-year bond is also benefitting from the tensions rate falling.
I don’t follow defense stocks. But would guess they’re benefitting as well from the heightened U.S. Soviet Russian tensions.

I think dry powder is alright to hold at this time. It lets me sleep like a new born baby!

Is this what you mean Derf?

@Derf. @ Crash. With the true intentions of both Powell and Putin unclear to us and perhaps to them, lots of dry powder seems very prudent. For those of us of a certain age it’s possible the last great buying opportunity of our lifetime might be just over the horizon. And if not it’s always good to remember Rule Number 1!

@Crash : Good morning !
I think dry powder is alright to hold at this time. It lets me sleep like a new born baby!
As you know most investors have their own venue, so keep on trucking as the road buster's say.
Have a good week, Derf

+1. Thanks for stopping by, @Derf. Holding cash. Good idea. Growing my cash stake into a meaningful amount, I cannot argue with. :)