Reply to @MikeM: "limited" means to existing investors and/or to certain qualified retirement accounts. it is definitely available in one of my 401K and I have been invested in RYSEX for several years.

Windsor was managed for decades by the legendary John Neff, who never managed Windsor II.
You're right about the timing, though - " in May of [1985], at the urging of its star manager, Vanguard closed Windsor to all but existing shareholders in retirement plans such as Keoghs and Individual Retirement Accounts. Money Magazine 10/12/87. Windsor II launched (with James Barrow at the helm from day one through today) on June 24, 1985. (From prospectus.)
What I vaguely remember about Windsor in the 80s is a sterling reputation and a reopening. I took a look at its holdings, which had a hefty dose of American car companies, and passed. I should have tried to understand value investing a bit better.

I'm holding LOTS of PREMX. Yes, your premise makes sense on its face. But since (early) retirement, I'm watching more Bloomberg tv. There are still FOREIGN places where interests rates suddenly, surprisingly, drop. And in some other countries, central banks are EASING, stimulating, like the USA. I saw something along those lines just last night. My other bond holding is domestic, with Uncle Jeffrey Gundlach: DLFNX. He has me convinced that he knows what he's doing.

http://www.sec.gov/Archives/edgar/data/1444822/000119312512400007/d414641d497.htm
AQR FUNDS
Supplement dated September 21, 2012 (“Supplement”)
To the Class I and N Prospectus, dated May 1, 2012 (“Prospectus”),
of the AQR Risk Parity Fund
This Supplement updates certain information contained in the above-dated Prospectus. You may obtain copies of the Fund’s Prospectus and Statement of Additional Information free of charge, upon request, by calling (866) 290-2688, or by writing to AQR Funds, P.O. Box 2248, Denver, CO 80201-2248. Please review this important information carefully.
Effective at the close of business November 16, 2012 (the “Closing Date”), the AQR Risk Parity Fund (the “Fund”) will be closed to new investors, subject to certain exceptions. Existing shareholders of the Fund will be permitted to make additional investments in the Fund and reinvest dividends and capital gains after the Closing Date in any account that held shares of the Fund as of the Closing Date.
Notwithstanding the closing of the Fund, you may open a new account in the Fund (including through an exchange from another AQR Fund) and thereafter reinvest dividends and capital gains in the Fund if you meet the Fund’s eligibility requirements and are:
• A current shareholder of the Fund as of the Closing Date—either (a) in your own name or jointly with another or as trustee for another, or (b) as beneficial owner of shares held in another name opening a (i) new individual account or IRA account in your own name, (ii) trust account, (iii) joint account with another party or (iv) account on behalf of an immediate family member;
• A qualified defined contribution retirement plan that offers the Fund as an investment option as of the Closing Date purchasing shares on behalf of new and existing participants;
• An investor opening a new account at a financial institution and/or financial intermediary firm that (i) has clients currently invested in the Fund and (ii) has been pre-approved by the Adviser to purchase the Fund on behalf of certain of its clients. Investors should contact the firm through which they invest to determine whether new accounts are permitted; or
• A participant in a tax-exempt retirement plan of the Adviser and its affiliates and rollover accounts from those plans, as well as employees of the Adviser and its affiliates, trustees and officers of the Trust and members of their immediate families.
Except as otherwise noted, once an account is closed, additional investments or exchanges from other AQR Funds will not be accepted unless you are one of the investors listed above. Investors may be required to demonstrate eligibility to purchase shares of the Fund before an investment is accepted.
The Fund reserves the right to (i) make additional exceptions that, in its judgment, do not adversely affect the Adviser’s ability to manage the Fund, (ii) reject any investment, including those pursuant to exceptions detailed above, that it believes will adversely affect the Adviser’s ability to manage the Fund, and (iii) close and re-open the Fund to new or existing shareholders at any time.
PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE

Reply to @scott: Diversified bond funds, even a lot of just regular ol' intermediate core-ish bond funds, have a fair bit more on the menu than gov't & high-grade corps. One current example of a hot bond sector (in which many diversified and some concentrated bond funds invest) is non-agency mortgages.
The other thing to keep in mind is that there's a perception that practically everything is overpriced, and if that's the case, you're better off with relatively more bonds in a portfolio because of the lower risk of bonds overall. The scare stories about bonds mostly focus on what could happen to long-term Treasuries.
Look at 2005 (actually about mid-04 to mid-06) to see how badly diversified bond funds got whacked when interest rates went up last time. (Right, they didn't at all.) Not to say that it'll be exactly the same next time, but it's an indication of the basic risk of loss in a good bond fund when rates rise. Compare that to what happens to stocks in a correction or bear.
Then there's the retirement angle, which as has been discussed here, is leading people to reduce stock risk in their portfolios.
There's nothing irrational about buying/owning diversified bonds in general.

Reply to @CathyG: PAUDX was down around 7% in 2008, and while past results are not indicative necessarily of future returns, PAUDX is less aggressive than its sister fund, Pimco All Asset, which cannot short.
Manager Rob Arnott is highly regarded, and I think PAUDX is really at the top of my list when it comes to "relatively stable" multi-asset funds for those in/near retirement age.
You can hear Arnott's take on the current economic situation here:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/9/13_Rob_Arnott.html (previous interviews with Arnott are listed on the side) and that may give you a better take on his take going forward in the near-to-mid term.

Hi, VF!
Maybe their real asset ETF: SPDR SSgA Multi-asset Real Return (RLY)? SSgA has a fairly serious and useful discussion of the topic (http://www.ssga.com/definedcontribution/making-retirement-work/our-point-of-view/real-assets.html) but I don't see a particularly clear link from the discussion to the product.
For what it's worth,
David

Thank you so much for your comments, they're greatly appreciated. I don't really want to share the entire portfolio and haven't, because I think one:) It's really a very eccentric portfolio and has risks that I think are beyond or much beyond what I want to recommend those who are in/near retirement age. 2:) A good deal of it is individual stocks, which I really don't recommend because of risk and some of them are not terribly liquid. The stocks are also more reflecting my themes and interests (some of which aren't themes covered by funds/etfs), which understandably may not be someone else's.
I will, however, share some highlights and lowlights on both sides (stocks and funds.) There are more on both sides - this is just a sample.
Stocks:
* Jardine Matheson. This hasn't done a whole lot this year, but it remains a very long-term holding, as I think it remains a compelling, blue-chip play on Asia. A very large conglomerate, this owns everything from the Mandarin Oriental to 7-11s to real estate to IKEAs to car dealerships to...on and on. The company has been around since the 1800's. I really like the Asian conglomerates, although Jardine is - I think - the most consistent. Hutchsion Whampoa (which is much more global, owning everything from a Canadian oil company to infrastructure to ports to a massive health and beauty chain in Europe and Asia) has some really compelling assets, but I dumped it after it didn't fare that well.
* Glencore (D'oh.) This has been a real disappointment, but I'm not selling - Glencore is like the Goldman Sachs of the commodities world - they have a massive trading operation, combined with a massive amount of assets around the world, including buying Viterra earlier this year and being in the midst of taking over Xstrata, which has been one of the most bizarre M & A situations I've ever seen, even requiring Tony Blair to step in and mediate between Glencore and a Sovereign Wealth Fund who was one of Xstrata's largest shareholders. Thankfully I didn't buy at the IPO last year (whose prospectus was a whopping 600 pages), but still a real downer. I still like the company and particularly like the real assets they own, including - In Australia, Paraguay, Russia, Ukraine and Kazakhstan, Glencore farms 270,000 hectares of owned or leased land. If the merger/takeover/whatever it is today of the rest of Xstrata goes through, that will result in, as a Bloomberg article put it well, "The combined company would be a vertically- integrated commodities giant, with an interest in the production, transportation and trading of everything from the food on consumers’ plates to the metal used for their utensils."
* Brookfield Infrastructure. A highly unique spin-off from parent Brookfield Infrastructure, this owns literal infrastructure - everything from toll roads in Chile to ports in Europe to rail in Australia. This is sort of public version of a private infrastructure fund, and it is opportunistic; what it owns in five years may look very different than what it owns today. This is an MLP though, so it does produce a k-1 at tax time. It does yield around 4.3%. I also like the parent company, but not as much as BIP.
* Singtel (Singapore Telecom) I particularly like Singtel for what it offers - not only does it offer a play on mobile in the region and a nice dividend, but the company owns stakes in several other telcos in the region, giving it exposure to Thailand, Indonesia, India, Australia, Bangladesh and elsewhere. The company also has a new division that is actively seeking start-ups in areas related to mobile/mobile technology, the main one so far being Amobee, a large global mobile advertising firm, which I think is a pretty fascinating little company (http://www.amobee.com/) and could develop into something really sizable down the road as mobile continues to be such an enormous theme.
As for Amobee, I think this article is a particularly interesting read - "Why Mobile Operators Are Becoming Mad Men": http://techcrunch.com/2012/03/17/mobile-mad-men/ (really good discussion on the future of mobile advertising, which has been such a big thing lately, with Facebook's mobile problems and elsewhere.)
I think my interest in the mobile space is not Apple (although Apple will continue to do well), but to think about and find ideas that benefit from the soaring amount and use of smartphones. What do all these phones in the world lead to in terms of new experiences - mobile advertising, mobile payments, etc. etc. etc. In other words, what develops over the next decade in terms of new experiences from having all these mobile phones in existence. In terms of mobile payments, you're seeing Visa and all the other card companies pushing for it and looking to serve the "unbanked" (their term: "financial inclusion" - see below) , especially in developing markets. Telecom companies are realizing that they have to move beyond just offering plans and look for further ways to engage with and deliver information and experiences to customers.
See Visa's "Currency of Progress" channel on Youtube (http://www.youtube.com/user/CurrencyofProgress?feature=watch), and incredibly slick mini-documentaries, such as this one focusing on Rwanda -
and this one for Visa's "Vision for the Future":

Finally, "Making Mobile Payments a Reality around the World":

Additionally, Visa (which I don't own, but using it as an example of something that's benefiting from the change in payment tech - discussed here http://seekingalpha.com/article/857581-buy-visa-a-secular-growth-story-of-financial-technology?source=feed) is pushing for change in the US to EMV chip payment cards instead of the familiar strip. This has been done already in other parts of the world, but Visa and it's TIP (Technology Innovation Program) is going to force change - "Second, Visa is requiring that all U.S. merchant acquirers and sub-processors must be able to support chip transactions no later than April 1, 2013. Third, Visa is implementing a liability shift for domestic and cross-border counterfeit POS transactions effective Oct. 15, 2015. This means that the liability for fraudulent transactions made in retail establishments that have not installed chip card terminals will fall to merchant acquirers and merchants." (There are many articles above this, but here's one - http://blog.gemalto.com/blog/2011/08/16/the-payment-times-they-are-a-changing/)
It's kind of stunning to me that there is not an ETF dealing with all of the various aspects of mobile - smartphones, mobile payments, etc. There's an ETF for everything else.
* Graincorp - Stategic/real assets. Graincorp is an Aussie company that owns silos, owns the railroad that takes the grain to the ports and owns the port terminal operations to take the grain elsewhere in the world. The also own malting and edible oils operations. From a Bloomberg aricle: "With GrainCorp owning the silos where farmers dump their harvests, railroad cars that carry loads to east coast ports, and the elevators used to load ships, the deregulation gave the company a “virtual, natural monopoly” on the eastern seaboard, according to Justin Crosby, a policy director at the Sydney- based NSW Farmers’ Association, which represents 10,000 members, half of them grain growers." Volatile, but has a very nice dividend policy of returning between 40 and 60 per cent of net profit after tax to shareholders across the business cycle. That's a very nice dividend currently, and hopefully the dividend can improve/be more consistent as the company diversifies the business further, with the edible oils business being an entirely new addition as of a couple of weeks ago.
Funds:
Alpine Global Infrastructure - Yes, it's expensive. No, Alpine is not a great fund house. This is, however, a solid fund in the category with a very nice dividend. I continue to have a lot of investments in various infrastructure plays.
Marketfield. Really fits in with my desire for funds that are highly flexible, which I think will continue to be of importance over the next decade. I've found some of the new "long-biased" long-short funds quite interesting - Whitebox being another.
RIT Capital Partners. This is a UK investment trust chaired by Jacob Rothschild (RIT = Rothschild Investment Trust) This has not had a particularly good year, either, although I have no questions about continuing to hold, given the fund's mixture of internally managed stocks, external funds, private equity (it recently purchased a considerable stake in the Rockefeller Financial Group - http://dealbook.nytimes.com/2012/05/30/rockefeller-and-rothschild-banking-dynasties-join-forces/) and real assets. It does have an excellent long-term track record. Short-term, not so much, but it is a long-term holding.
EM - MSMLX, MACSX and AZENX. I had Pimco's Multi-Asset EM fund, but boy did it disappoint. I've owned DEM off and on, but a fair amount of EM fund assets went to Jardine.
Ivy Asset - Again, much discussed already.
In the holy (bleep) department - Janus Overseas. Thankfully, only a small position. Added a little bit recently because really, I'm not sure it could get much worse and I'd rather add to an EM/foreign-heavy fund that's done terribly than something that's been doing tremendously well.
Lastly, I had some mild hedges in ultrashort index positions, but have taken those off as of a few days ago.

I did a little checking - the duplicity, though still probably sizable, is nowhere near as large as the raw numbers would suggest. I used M* to look at all unique (just one share class of) funds managed by Fidelity, and how many of those did not have 10 year records. (Typically, though not always I believe, M*'s screener looks at the oldest share class.) I came up with almost the identical number as David.
But around 60 of those are Fidelity Advisor funds, which are often (but not always, e.g. Fidelity Advisor Mid Cap II) clones of noload funds. A spot check showed that both the Advisor fund and the no load equivalent started about the same time, so we can likely remove 40-50 funds as clones (i.e. just as one would not count multiple share classes as different funds, I'm not counting clones either). Then there are the Fidelity Freedom K funds - clones of Fidelity Freedom funds, but with lower expenses and marketed to retirement plans.
Then there are all the target date funds - targeted every five years. These are different funds, using the "same" strategies, but legitimately different in the sense that their mixes are well defined and different. Where there is arguably overlap is that Fidelity started a series of such funds, for retirement plans only (Freedom Index 20xx) that use index funds rather than actively manged funds as their underlying holdings. But index funds vs. actively managed funds seems a fair distinction, IMHO.
In short, a good chunk of the high number is due to multiple share classes (or clones) showing up as "new" funds, and a good chunk is because of target date funds that inflate the figure you're seeing. Not to say that Fidelity didn't launch a whole slew of truly distinct funds, just they didn't create anywhere near 156 different funds.

http://www.sec.gov/Archives/edgar/data/887210/000093041312005263/c70996_497.htm
ARTIO GLOBAL INVESTMENT FUNDS
Artio US Multicap Fund
Artio US Midcap Fund
Artio US Smallcap Fund
Artio US Microcap Fund
Supplement dated September 13, 2012
to the Prospectus dated March 1, 2012
On September 12th, 2012, the Board of Trustees (the “Board”) of Artio Global Investment Funds approved a plan to liquidate and terminate each of the following series: Artio US Multicap Fund, Artio US Midcap Fund, Artio US Smallcap Fund and Artio US Microcap Fund (together the “US Equity Funds”) upon recommendation by Artio Global Management LLC (“Artio”), the Funds’ investment adviser. The Board considered the US Equity Funds’ small size and lack of growth potential, in its decision to liquidate the US Equity Funds. Shareholder approval will be required in order to liquidate the US Equity Funds. The US Equity Funds will not solicit proxies from shareholders as it is anticipated that a majority shareholder of the US Equity Funds will approve the liquidation of each Fund. Shareholders will receive an information statement from the US Equity Funds regarding the liquidation. The information statement will be sent to shareholders on or about September 28, 2012.
In anticipation of the proposed liquidations, the US Equity Funds will stop accepting purchases and exchanges into the US Equity Funds on October 4, 2012. After such date, the US Equity Funds will begin an orderly transition of their portfolios to cash and cash equivalents and will no longer be pursuing their investment objectives. Assuming shareholder approval, on or about October 30, 2012 (the “Liquidation Date”), the US Equity Funds will liquidate their remaining assets and distribute cash pro rata to all remaining shareholders who have not previously redeemed or exchanged all of their shares. These distributions are taxable events. Once the distribution is complete, the US Equity Funds will terminate. Prior to the final liquidation and distribution of assets, any dividend paid will be paid in accordance with the current dividend option of an account; accounts in which the dividend reinvestment option has been chosen will receive any dividends in the form of additional shares of the applicable US Equity Fund. Each US Equity Fund will maintain its current expense cap through the Liquidation Date.
Please note that you may redeem your shares of the US Equity Funds at any time prior to the Liquidation Date. You also may exchange your shares of the US Equity Funds at net asset value at any time prior to the Liquidation Date for shares of another Artio Fund that is not a US Equity Fund. No sales charges, redemption or termination fees will be imposed by the Funds in connection with such exchanges and redemptions. In general, exchanges and redemptions are taxable events.
If you own shares of any of the US Equity Funds in a tax deferred account, such as an individual retirement account, 401(k) or 403(b) account, you should consult your tax adviser to discuss the US Equity Funds’ liquidation and determine its tax consequences.
The Funds reserve the right to further restrict sales of each US Equity Fund’s shares.
For more information, please contact a customer service representative at 1-800-387-6977.
* * *

Thanks everybody for your suggestions. Catch, I don't hold any bond funds yet, only allocation funds, (Oakmark Equity Income (OAKBX), Vanguard Wellesley (Vwinx), FPA Crescent (FPACX), James Balanced (GLRBX), Pimco All Asset (PASDX) and Permanent Portfolio. I am almost 54 and have some cash that I would like to start earning some income for retirement. I was thinking in a short term bond fund, intermediate term, Gnma, and Global and/or Municipal, putting 25% in each. The Gnma fund is supposedly a low risk option. I don't want bond funds with a lot of volatility, since I also own stock funds and individual stocks.

Howdy,
A thank you to all who post the links, start and participate in the many fine commentaries woven into the message threads.
For those who don't know; I ramble away about this and that, at least once each week.
NOTE: For those who visit MFO, this portfolio is designed for near retirement, capital preservation and to stay ahead of inflation creep. This is not a buy and hold portfolio, and is subject to change on any given day; based upon perceptions of market directions. All assets in this portfolio are in tax-sheltered accounts; and any fund distributions are reinvested in the funds. Gains or losses are computed from actual account values.
While looking around..... Fund Tools, here at MFO and Google Finance. MFO's Accipiter has graciously provided 2 wonderful tools for our use. Both tools, Falcon's Eye and Navigator may be found at the main, large, blue title bar at the top of each page here, but I will only define my use of Navigator. At "Resources", hover the mouse for a drop down menu, and select "Navigator". Accipiter has written a nice "how-to" at this page. This note regards finding funds by name title, to help sort a fund list for special fund types of interest. A good example, which will allow you to discover the value of this tool; is to type the word "unconstrained" in the "fund" box. This word example is used to find any fund that is likely an "unconstrained bond fund" by vendor name. You will discover a full list to be generated, at which point you may click upon the fund name, which will allow you to study this fund via a number of selectable sources (M*, etc.). NOTE: If one uses a very generic name, as "total"; the generated list may be too large, and can not fill to the end of the alpahbetic naming list. Also, as you begin to type a naming; you will likely find an intuitive list begin to generate; which may or may not be what you intended to search.
Google Finance: You do not need to be signed in or a registered user of any Google function to use this method.
At the search box, try "high yield" for a test of this feature. An intuitive drop list will begin to form. Ignore this list and click the "blue spyglass" to generate a list of the words searched. Upon loading your search, you will discover a "company" and a "mutual fund" header list generated. As you scroll down, the "company" list may contain various types of funds (etf's, index, etc.). Further scrolling will provide the "mutual fund" list. IN BOTH LISTS, if the list is large, you will find a "more" highlighted at the end of the list. For high yield, 100's of mutual funds are noted; but keep in mind, and not unlike "Navigator", some of these are redundant listings for various classes of a same fund. After selecting more, arrow keys appear at the list end to move through the list.
I believe all of these procedures are proper steps. If I missed something, please let me know.
The data/numbers below have been updated.
As to sector rotations below (Fidelity funds); for the past week: (Note: any given fund in any of these sectors will have varing degrees of performance based upon where the manager(s) choose to be invested and will not directly reflect upon your particular fund holdings from other vendors.)
--- U.S. equity - 2.4% through + 3.8%, week avg. = + 2.4% YTD = + 16%
--- Int'l equity - .4% through + 4.0%, week avg. = + 2.5% YTD = + 11%
--- Select eq. sectors + .9% through + 5.6%, week avg. = + 2.7% YTD = + 15%
--- U.S./Int'l bonds - 2.4% through + .6%, week avg. = - .26% YTD = + 3.2%
--- HY bonds + .2% through + 1.1%, week avg. = + .65% YTD = + 10.3%
An Excellent Overview, M* 1 Month through 5 Year, Multiple Indexes
You may consider our portfolio to be quite boring, but you may be assured that it moves and bends each and every day; from forces beyond our control. We retail investors will find many interesting investment periods to ponder, as usual, in the coming years.
I have added a few blips related to our portfolio and market observations at the below SELLs/BUYs and Portfolio Thoughts.
SELLs/BUYs THIS PAST WEEK: = NONE

Portfolio Thoughts:
Our holdings had a + .27 % move this past week. Sidenote: The average return of 200 combined Fidelity retail funds across all sectors (week avg = + 1.75%, YTD + 12%). The equity markets, while having been very happy recently, still appear a bit on edge; so our portfolio will stay in place for now. This coming week may indicate any further actions by the Fed. Reserve, relative to "stimulus". We will review one particular holding (PLDDX) based upon a Fed. plan going forward. As for Europe's grand plan to buy every sovereign bond in sight to help stablize some country bond issues; well, I am not waving a victory flag for this project just yet. Still plodding along, and we will retain the below write from previous weeks; as what we are watching still applies.
--- commodity pricing, especially the energy and base materials areas; copper and related.
--- the $US broad basket value, and in particular against the Euro and Aussie dollar (EU zone and China/Asia uncertainties).
--- price directions of U.S. treasury's, German bunds, U.K. gilts, Japanese bonds; and continued monitoring of Spanish/Italian bond pricing/yield.
--- what we are watching to help understand the money flows: SHY, IEF, TLT, TIP, STPZ, LTPZ, LQD, EMB, HYG, IWM, IYT & VWO; all of which offer insights reflected from the big traders as to the quality/risk, or lack of quality/risk; in various bond sectors. These areas may also reflect towards directions of various equity sectors; as if some bond types get the cold shoulder, so will some equity areas, regardless of perceived quality or value.
The Funds Boat is at anchor, riding in the small waves, watching the weather and behind the breakwater barrier. To the high praise of MFO and the members, it is very difficult to find a topic to note here that has not been placed into the discussion boards. Excellence, as usual.
I have retained the following links for those who may choose to do their own holdings comparison against the fund types noted.
The first two links to Bloomberg are for their list of balanced/flexible funds; although I don't always agree with the placement of fund styles in their categories.
Bloomberg Balanced
Bloomberg Flexible
These next two links are for conservative and moderate fund leaders YTD, per MSN.
Conservative Allocation
Moderate Allocation
A reflection upon the links above. We attempt to establish a "benchmark" for our portfolio to help us "see" how our funds are performing. Aside from viewing many funds within the balanced/flexible funds rankings (the above links), a quick and dirty group of 5 funds (below) we watch for psuedo benchmarking are the following:
***Note: these week/YTD's per M*
VWINX .... + .2% week, YTD = + 8.56%
PRPFX .... + 2.05% week, YTD = + 7.01%
SIRRX ..... + .13 % week, YTD = + 5.29%
TRRFX .... + 1.24% week, YTD = + 9.39%
VTENX ... + .95% week, YTD = + 8.56%
Such are the numerous battles with investments attempting to capture a decent return and minimize the risk.
We live and invest in interesting times, eh? Hey, I probably forgot something; and hopefully the words make some sense. Comments and questions always welcomed.
Good fortune to you, yours and the investments.
Take care,
Catch
---Below is what M* x-ray has attempted to sort for our portfolio, as of June 1, 2012---
From what I find, M* has a difficult time sorting out the holdings with bond funds.
U.S./Foreign Stocks 1.9%
Bonds 93.9% ***
Other 4.2%
Not Classified 0.00%
Avg yield = 3.72%
Avg expense = .55%
***about 18% of the bond total are high yield category (equity related cousins)
---This % listing is kinda generic, by fund "name"; which doesn't always imply the holdings, eh?
-Investment grade bond funds 28.2%
-Diversified bond funds 22.4%
-HY/HI bond funds 14.5%
-Total bond funds 32.4%
-Foreign EM/debt bond funds .6%
-U.S./Int'l equity/speciality funds 1.9%
This is our current list: (NOTE: I have added a speciality grouping below for a few of fund types)
---High Yield/High Income Bond funds
FAGIX Fid Capital & Income
SPHIX Fid High Income
FHIIX.LW Fed High Income
DIHYX TransAmerica HY
---Total Bond funds
FTBFX Fid Total
PTTRX Pimco Total
---Investment Grade Bonds
ACITX Amer. Cent. TIPS Bond
DGCIX Delaware Corp. Bd
FBNDX Fid Invest Grade
FINPX Fidelity TIPS Bond
OPBYX Oppenheimer Core Bond
---Global/Diversified Bonds
FSICX Fid Strategic Income
FNMIX Fid New Markets
DPFFX Delaware Diversified
LSBDX Loomis Sayles
PONDX Pimco Income fund (steroid version)
PLDDX Pimco Low Duration (domestic/foreign)
---Speciality Funds (sectors or mixed allocation)
FRIFX Fidelity Real Estate Income (bond/equity mix)
---Equity-Domestic/Foreign
NONE outright, with the exception of equities held inside of some of the above funds.

I would hate to think how much smaller my capital (aka retirement nest egg) would be had I adhered to this ridiculous maxim over the past 25 years+.

Err...I'm sorry but this is first paragraph in the page at the url i linked...
By now, you've probably amassed a decent sum in your retirement accounts and another hefty sum in the college fund. You haven't? Join the club. A survey conducted in 2009 by Edward Jones, the financial services firm, showed that 20% of respondents ages 45 to 54 had saved nothing at all for either retirement or college. A recent survey showed that 62% of respondents had never heard of a 529 savings plan, much less contributed to one.
So when you say "About" Edward Jones, I mean the fact that if Edward Jones did it, its meaningful, important, whatever. I don't think Edwards Jones does anything out of the kindness of their heart.
Also I also decided to be lazy on the URL thing. On Friday's I'm allowed ! :-)

Reply to @BondInvestor: I like this topic. Thanks for throwing it out there. On one point, must say that a major objective of all these companies is selling their funds and raking in $$ for the Mother Load. So, the vast assortment of funds to some degrees is designed with that goal in mind. Think of it as an ice cream parlor adding more and more flavors, or an auto manufacturer having half dozen different models, each with 3 or 4 levels of trim. It sells. -
As to your question "should (one) allocate a portion of your portfolio to a commodities fund?" Put that way (as a simple "yes" or "no" proposition) I'm inclined to say no - it's not an absolute necessity. So much depends on your situation and temperament. Maybe ya own some farm land or standing timber somewhere. Or collect rare art and coins. Or own half dozen rental units. Those are also good inflation hedges. ... Or, maybe you're 40+ years to retirement and don't have time or temperament to screw around with half dozen funds. And high fees make ya sick to your stomach. Throw some $$ in a low fee S&P index fund and the rest in an international index fund. I don't think you'll be disappointed 40 or 50 years out. Think of it this way: over time the value of the businesses you own will rise along with cost of living. If they own real estate, buildings, rails, timber, etc. that stuff will rise in value. So equities do offer some protection. -
On the other hand, some like myself (1) have shorter time frames (I'm 66) and (2) enjoy tracking & allocating funds. So I have for 15 years kept a small % in commodities funds and also allocate to many other types ... Yep, it feels good, but can't honestly tell you it's helped my returns any - maybe just a bit due to frequent rebalancing. ... Been listening during a long drive today to a nice James Last orchestration of "Games that Lovers Play." Beautiful stuff ... so I'm tempted to put some of these niche funds into a category called: "Games that Investors Play." (-: FWIW - Sorry so long & take care.

Reply to @Hiyield007: Well, if that does happen, they'll go from fixed income to equities at the wrong time and then, if they weren't already upset enough with stocks, they'll be really pissed. They'll be upset at equities and if fixed income isn't doing well either, they'll be upset that that is no longer working "for some reason".
I think the financial industry would be against the second one in some regards, but I really think:
1:) There's a missed opportunity that the psychology of the retail investor in the last few years in particular is not being studied. Instead, we get dopey Smart Money articles that scold and scream "You're MISSING IT!" and really help no one.
2:) Obviously this isn't scientific, but I think the last few years really highlights the need for investor education and I think a more educated class of retail investors will lead to greater stability over time and other benefits to both markets and the economy. How many retail investors would have been interested in Facebook if they understood how to value it instead of just knowing that they "liked" it? As I said in the other post, if schools aren't going to offer it, young people have to educate themselves and I just think there's a fairly large portion who aren't - and as I noted with this link: http://www.zerohedge.com/news/retirement-reality-full-frontal-why-every-30-year-old-must-risk-it-all-be-able-retire
They may want to figure out how to to invest at least at a level they feel comfortable with and start learning if they haven't.

...and today will most likely be seen as another opportunity to sell more equity funds. As much as I am what you may call "big picture negative" in many ways, I do think there's a lot of specific areas to like - mobile (I think what a number of companies are doing is fascinating, such as Gemalto - which I don't own - http://www.ft.com/cms/s/0/1bf77e52-f29b-11e1-ac41-00144feabdc0.html), infrastructure (BIP), ag. I am more than respectful of someone's low risk tolerance, but there are options to get *some* lower-risk exposure (in order to maintain some sort of diversification in asset classes) such as the SPLV S&P 500 low-volatility ETF, which also provides a monthly dividend.
Again, I think it really goes back to the concept of financial education in high school - I'm younger, I make mistakes, but I've learned a lot the last 5 years or so - although what I've learned is entirely from experience and from sitting down and going through it and researching. That's really the only investing education that's available to most people - the education they give themselves in it. It's unfortunate.
Lastly, in terms of younger people and investing, the reality regarding potential retirement - http://www.zerohedge.com/news/retirement-reality-full-frontal-why-every-30-year-old-must-risk-it-all-be-able-retire

http://www.sec.gov/Archives/edgar/data/734383/000093247112005436/healthcare.htm
497 1 healthcare.htm 497 VANGUARD HEALTH CARE FUND
Vanguard Health Care Fund
Supplement to the Prospectus and Summary Prospectus dated May 29, 2012
Important Change to Vanguard Health Care Fund
Wellington Management Company, LLP, has announced the retirement of Edward P. Owens effective December 31, 2012. Mr. Owens is a co-manager of Vanguard Health Care Fund.
Jean M. Hynes, who serves as co-manager with Mr. Owens, will remain as the sole manager of the Fund upon Mr. Owens’ retirement. The Fund’s investment objective, strategies, and policies remain unchanged.
© 2012 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor. PS 52 092012
--------------------------------------------------------------------------------
Vanguard Specialized Funds
Supplement to the Statement of Additional Information dated May 29, 2012
Important Change to Vanguard Health Care Fund
Wellington Management Company, LLP, has announced the retirement of Edward P. Owens effective December 31, 2012. Mr. Owens is a co-manager of Vanguard Health Care Fund.
Jean M. Hynes, who serves as co-manager with Mr. Owens, will remain as the sole manager of the Fund upon Mr. Owens’ retirement. The Fund’s investment objective, strategies, and policies remain unchanged.
© 2012 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor. SAI 051 092012
--------------------------------------------------------------------------------

I'm going off on a bit of a tangent on Financial Advisor scams versus poor Sales practice --- but Financial Advisory issues of all sorts happens with large firms and small firms too. Recent article in Chicago Tribune about a small independent financial advisor who scammed clients and even a client who was a very close family friend for many years.
http://articles.chicagotribune.com/2012-08-12/business/ct-biz-0812-bf-elder-abuse-20120812_1_financial-exploitation-financial-abuse-abuse-cases
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Elder financial abuse in Illinois on rise
Retiring baby boomers, many with high equity and savings, becoming ripe target for financial predators, officials say
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Downers Grove retiree Robert Govenat was on the computer every day, watching prices of his stocks go down.
It was November 2007, and a bear market was threatening.
"He was about to have a nervous breakdown or a heart attack," recalls his wife, Jan, a retired third-grade schoolteacher.
Over lunch at a hot dog place in Darien, a longtime friend and financial planner Algird Norkus told Govenat that he had an alternative investment for select people: It would keep the couple's principal safe and pay 13.5 percent annual interest.
Norkus pleaded guilty to one count of mail fraud. In March, he began serving 63 months in prison. He also was ordered to pay $4.6 million in restitution to nearly 70 victims, many elderly, including Robert and Jan Govenat, and Robert's mother. His plea agreement said he commingled investors' moneys, in part to make payments to other investors and in part to benefit himself.
"Don't trust anyone," Jan Govenat, 71, said Tuesday when asked what she learned from the experience. "I can't tell you how many times I've said that to friends since this happened." She also regretted not sharing their change in investment strategy with their two adult children.
Robert Govenat, 72, gets choked up discussing what happened with the savings of his mother, now 99 and living in a retirement community. "I'm not proud of what I've done to my mom," he said last week with a quivering voice.
"You were trying to help," his wife replied.
Govenat said he lets few people get close to him, but Norkus was one of them.
"I don't trust anyone now, except my wife," he said.
The couple's two children never bring up the ordeal.
"It's the silent death," Robert said.
The couple, who once felt secure about their retirement years, now worry constantly about finances.
"We don't sleep well," Jan said.
{...}
Robert said he had "blinders" on because Norkus was a friend; he and his wife dined with Norkus and his wife. They went to the wedding of Norkus' son. "He came to our daughter's wedding," Jan recalled. "He didn't go to our son's wedding but he sent a box of Cuban cigars."
Jan said she doesn't blame Robert for trusting Norkus. "Think of someone you've known a long time who you think is a nice person, who you'd trust with anything," Jan said. "That's how we viewed this man."

Another thing to remember is that PIMCO Total Return is sometimes the ONLY decent bond option available in some very large corporate retirement plans. They have done one heck of a marketing job over the years. Given the choice between PIMCO and a typical long-term bond fund, PIMCO is an easy choice. I'm not saying folks should be putting all their money in bonds now, but since most plan participants have no investment knowledge and are scared of everything having to do with the stock market, PIMCO is where they gravitate, once they see the long-term numbers.