AAII Sentiment Survey, 2/28/24
BULLISH remained the top sentiment (46.5%; above average) & bearish remained the bottom sentiment (21.3%, low); neutral remained the middle sentiment (32.2%, above average); Bull-Bear Spread was +25.2% (high). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (105+ weeks), Israel-Hamas (20+ weeks), geopolitical. For the Survey week (Th-Wed), stocks were up, bonds up, oil up, gold up, dollar flat. Sentiments remain good & stable. Markets may digest gains since 10/2023. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1370/thread

Link to the annual report.
https://prospectus-express.broadridge.com/summary.asp?doctype=ann&clientid=trowepll&fundid=77954M105
Giroux discusses AI and utilities.
Sees value in:
1) GARP stocks.
2) Utilities
3) High quality high yield and loans.
4) Software.
5) Healthcare.
6) Energy. (Unusual for the fund)
Does not see value in:
1) Growth & tech that does not benefit from AI.
2) Staples. He REALLY dislikes staples.

Fund Allocations (Cumulative), 1/31/24
Only minor shifts. The changes for OEFs + ETFs were based on a total AUM of about $33.60 trillion in the previous month, so +/- 1% change was about +/- $336.0 billion. Also note that these changes were from both fund inflows/outflows & price changes. #ICI #Funds #OEFs #ETFs
OEFs & ETFs: Stocks 58.93%, Hybrids 4.68%, Bonds 18.63%, M-Mkt 17.76%
https://ybbpersonalfinance.proboards.com/post/1368/thread

NOTE: This fund (PRCFX & PRCHX) was only recently available in December, 2023.
PDF Report

I think TIAA has a department that comes up with the most unintuitive & complicated ways of doing things.
CREF Stock goes back to 07/1952 & was the 1st VA in the US (world?). TIAA kept it as single class with ER that applied to all - tiny to giant institutions. Lots of small institutions were happy, but not the big ones.
So, TIAA changed CREF to multi-classes in 04/2015: R1 (highest ER), R2 (ER similar to the old single-class ER), R3 (lowest ER).
Soon after 2015, only CREF R1 displayed the history to 1952, a bad decision IMO. So, as your bold-text shows, the old history was later attached to CREF R3.
As you can imagine, all sorts of assumptions go into using old history data when ERs differ.
If all along, TIAA just attached the old history to R2, that would have been the simple & clean YBB solution.
However, since 2015, CREF R1 has been the highest ER class, R3 the lowest ER class. There have not been any changes to this. I don't know how long Lipper has had it backwards - my guess is since 04/2015. Somebody at Lipper should have notices the error as standard retirement fund practice is that R1 have the highest ERs, and higher numbered R3 or R6, etc have the lowest ERs.
Fixing this may not be the highest priority for Lipper that has gone through its many lives: LSEG-Refinitiv-Thomson-Reuters-LIPPER.
I don't bother with the newest CREF R4 as they are mostly through advisory channels.

Very well captured by Victor Haghani. Must read on BOXX.
https://elmwealth.com/thinking-outside-the-boxx/?utm_campaign=Blog Sendouts&utm_medium=email&_hsmi=296057847&_hsenc=p2ANqtz--AeL-c4GwpBcZuv-rg6YtEuhfFQNn20odig53zZLKgRHTF2nuh1iDd68UhWH1OIQR61kPxuuINlP0Eo4mX5peeMzvbMA&utm_content=296057847&utm_source=hs_email

BOT more shares of GOOGL while down slightly in pre-market trading to bring position to intended level. Avg share price just under $138 (a wee bit lower than the $140+ on our first BUY/SELL). Will either be another ST trade. if we get a bounce, or will ADD to position as LT HOLD. All yet TBD.
EDIT: Decided to dbl the position. BOT more shares during early market action as price kept falling. Snagged next batch at just under $136. Fun stuff!
EDIT_2: Closed out the position with some BUYs later in the day in the $135's, to end at an avg purchase price of $137, less than 1/2% below today's Close. Seems to be about where we were when we took the first ride on GOOGL. Lot of negativity towards it now but thinking we should be just about done with this round of punishment. We'll see!

@Charles, R1 & R3 classes were/are flipped. R1 is the oldest and the highest ER class, R3 is newer and the lowest ER class. R2 is also newer but it is correct - nothing to flip it with.
Lipper may have just "assumed" that the oldest classes were institutional - I am guessing.
Compare
My List
CREF Stock R1 QCSTRX; MFO IF-CBMF,
CREF Stock R2 QCSTPX; MFO IF-CMP5,
CREF Stock R3 QCSTIX; MFO IF-CMP6
Your List
CREF Stock Account;R1 (CMP6)
CREF Stock Account;R2 (CMP5)
CREF Stock Account;R3 (CBMF)
MFO Premium Run - see flip from the ERs shown. Correct ERs are R1 0.48%, R2 0.32%, R3 0.25%.
https://i.ibb.co/DQqxz1D/Screenshot-2024-02-27-20-06-45.png

@yogibearbull.
"Unfortunately, the MFO/Lipper naming of R1 and R3 classes is wrong."
I just ran these ... for the stock account ... R1 and R3s look right to me ... CUSIPs match.
Are you still seeing the discrepancy?
I do have inquiry into Lipp re: listed tickers.
I submitted all the TIFF-CREF Insurance Funds ... below are names (lipper sym):
CREF Core Bond Account;R1 (CMR2)
CREF Core Bond Account;R2 (CMQ9)
CREF Core Bond Account;R3 (MTJQ)
CREF Core Bond Account;R4 (F89J)
CREF Equity Index Accoun;R1 (CMQ8)
CREF Equity Index Account;R2 (CMQ7)
CREF Equity Index Account;R3 (MDMF)
CREF Equity Index Account;R4 (F896)
CREF Global Equity Account;R1 (CMQ6)
CREF Global Equity Account;R2 (CMQ5)
CREF Global Equity Account;R3 (SKRL)
CREF Global Equity Account;R4 (F7Z9)
CREF Growth Account;R1 (CMQ4)
CREF Growth Account;R2 (CMQ3)
CREF Growth Account;R3 (FDWD)
CREF Growth Account;R4 (F895)
CREF Inflation-Linked Bond Account;R1 (CMQ2)
CREF Inflation-Linked Bond Account;R2 (CMP9)
CREF Inflation-Linked Bond Account;R3 (WPZK)
CREF Inflation-Linked Bond Account;R4 (F82K)
CREF Money Market Account;R1 (CMP8)
CREF Money Market Account;R2 (CMP7)
CREF Money Market Account;R3 (RWDV)
CREF Money Market Account;R4 (F82J)
CREF Social Choice Account;R1 (CMP4)
CREF Social Choice Account;R2 (CMP3)
CREF Social Choice Account;R3 (THMV)
CREF Social Choice Account;R4 (F7Z8)
CREF Stock Account;R1 (CMP6)
CREF Stock Account;R2 (CMP5)
CREF Stock Account;R3 (CBMF)
CREF Stock Account;R4 (F7Z3)
c

If there is a listed ticker in Lipper's database, that takes priority and we do not assign our own.
Here are the four classes of fund in Lipper's most recent database:
https://1drv.ms/u/s!AmF1g-5ef-jI1-4Css7MfmghR-z3sg?e=ZG9voU
I will contact lipper to see if these listed tickers can be added to their database.

Repeat Post
I can confirm that portfolios with insurance funds IF-TICKERS are now running normally. My saved MFO Premium portfolios are now unstuck.
So, if your portfolio has a mix of mutual funds/OEFs, ETFs, CEFs, IF-TICKERS, the MFO Premium can run it. This may be a work 401k/403b/457 plan or a variable-annuity/insurance portfolio that you may have.
Moreover, the MFO Premium has longer histories of IF-TICKERS than the insurance firms may provide at their websites.
I don't know of any other portfolio analytics software that can do that. I am familiar with M* Portfolio, M* Investor, Portfolio Visualizer, Stock Rover - even have primers for their use.
Of course, MFO has its limitations too - it won't handle stocks, and it isn't for portfolio transactions, just portfolio analytics.
Thanks @Charles.

I can confirm that portfolios with insurance funds IF-TICKERS are now running normally. My saved MFO Premium portfolios are now unstuck.
So, if your portfolio has a mix of mutual funds/OEFs, ETFs, CEFs, IF-TICKERS, the MFO Premium can run it. This may be a work 401k/403b/457 plan or a variable-annuity/insurance portfolio that you may have.
Moreover, the MFO Premium has longer histories of IF-TICKERS than the insurance firms may provide at their websites.
I don't know of any other portfolio analytics software that can do that. I am familiar with M* Portfolio, M* Investor, Portfolio Visualizer, Stock Rover - even have primers for their use.
Of course, MFO has its limitations too - it won't handle stocks, and it isn't for portfolio transactions, just portfolio analytics.
Thanks @Charles.

OK. Now, where was I ...
Latest new features include:
1) screen for specific shareclass, like Inst (adviser request),
2) include etf and best-fit benchmarks with other criteria,
3) screen for better than etf or best-fit benchmark return,
4) set display period to any calendar year back to 2008,
5) screen for apr vs best-fit or etf benchmark values and ratings,
6) screen for up-market deviation values and ratings, in addition to bear market,
7) screen for family metrics at any display period,
8) family metrics are now broken into their own group, separate from mfo designations,
9) reamer ratio and rating now in return metrics, separate from mfo designations,
10) set display period to life of best-fit or etf benchmarks, fund manager and bond maturity tenure (devesh requests), or david's take (since profile published dates),
11) screen for multi-period apr, apr vs best-fit and etf benchmark ratings, for up dot-com bubble (dbc), great financial crisis (gfc) and covid (cv-19) bull and bear markets,
12) screen for batting average vs best-fit benchmark, in addition to batting average vs category average.
c

I figured too that IF-TICKER were something internal to MFO Premium and Lipper. But many 6-character VA tickers (Qxxxxx) are now recognized by Yahoo Finance, StockCharts, and the firms themselves. So, one simple option could be to just setup a table lookup for Lipper tickers and Qxxxxx, and make these Qxxxxx recognizable by MFO Premium; CUSIP# would make it more difficult.
CREF Stock R1 QCSTRX; MFO IF-CBMF,
CREF Stock R2 QCSTPX; MFO IF-CMP5,
CREF Stock R3 QCSTIX; MFO IF-CMP6.
Example links for CREF Stock R2 QCSTPX
https://finance.yahoo.com/quote/QCSTpX
https://stockcharts.com/h-sc/ui?s=qcstpx
https://www.tiaa.org/public/investment-performance/investment/profile?ticker=268540687

These insurance funds (VAs) may be similar to listed funds but aren't classes or clones of listed funds. In fact, some growth VA portfolios may be more aggressive than their listed growth cousins. While this money can be moved online at will, in some ways, it's also captive money, so liquidity requirements are different. Also, as ERs may be higher, they have to pump up performance some way.
Another important difference is that as these are in tax-deferred/free accounts, there is no need to go through the routine of distributions (so, no 1099s), and then the (optional) reinvestments. Fund distribution routine is only so that the IRS can take its cut along the way - but some start to take distributions too seriously. So, the VAs just keep all within the portfolios and the VA-prices reflect TR. For listed funds, there are actual-prices, adjusted-prices (Yahoo Finance, StockCharts) or Growth of 10K to reflect TR.
If your 401k/403b/457 offers them, you can:
1. Use MFO now. People don't know about this and I thought I would be changing that.
2. Find similar listed fund. @Charles and I can do that easily, but many cannot.

@Charles, thanks for a prompt response.
I get TIAA VAs within TIAA 403b. ANYONE with TIAA 403b/457 & IRAs would have access to them.
Other insurance co may be sponsors of 401k/403b. Their variable insurance products also have them.
MFO Premium doesn't need to keep 2,000, but those from major co - TIAA, MetLife, NY Life, Prudential, Allianz, Transamerica, etc plus Fido - it offers them as VIPs - variable insurance products for its own products, but mostly for other insurers. BTW, Vanguard off-loaded its VA operations to Transamerica, but still manages those VA portfolios.

@Charles, this is only one perspective.
Just in December 2023, I prepared a long write up what then was a unique feature of MFO Premium - its insurance fund coverage. Many years ago, M* had many of those, but it moved them from the free side to the professional side. But it seems that this unique feature of MFO is/will-be gone.
In trying to verify this, I find that NONE of my Saved MFO portfolios can run - there is an alert box that I must first remove unidentified IF-TICKERS from everywhere (i.e., from all portfolios) first. I am not going to do that yet. At least, this should be portfolio specific - i.e. the MFO portfolios without IF-TICKERS should run, while only those with IF-TICKERS should fail. Now, all of my MFO portfolios are basically frozen.
See these previous features on Insurance Funds at MFO. Once confirmed/verified, I will modify/update this information. MFO Premium suddenly has much less value for me personally.
1 https://ybbpersonalfinance.proboards.com/thread/536/tiaa-cref-vas-mfo
2 https://www.mutualfundobserver.com/discuss/discussion/61774/tiaa-cref-vas-at-mfo
3 At Facebook

https://www.sec.gov/Archives/edgar/data/897111/000089843224000165/form497-redesignation.htm
497 1 form497-redesignation.htm FORM 497 - CHARTWELL FUNDS SHARE CLASS REDESIGNATION SUPPLEMENT
CARILLON SERIES TRUST
Carillon Chartwell Mid Cap Value Fund
Carillon Chartwell Small Cap Growth Fund
Carillon Chartwell Small Cap Value Fund
Carillon Chartwell Income Fund
Carillon Chartwell Short Duration High Yield Fund
(each, a “Fund” and collectively, the “Funds”)
SUPPLEMENT DATED FEBUARY 26, 2024 TO THE PROSPECTUS,
SUMMARY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2023, AS PREVIOUSLY AMENDED OR SUPPLEMENTED
THIS SUPPLEMENT SUPERSEDES THE SUPPLEMENT DATED DECEMBER 1, 2023.
The Board of Trustees of Carillon Series Trust has approved, based upon the recommendation of Carillon Tower Advisers, Inc. (“Carillon Tower”), the Funds’ investment adviser, the redesignation of the Class Chartwell shares of the Funds as Class I shares (the “Redesignation”). The Redesignation will occur on or about the close of business on April 26, 2024 (the “Redesignation Date”). Accordingly, the Funds will not register a new Class I share class, and the current Class Chartwell share class will not be terminated.
No action is needed on your part. Each Class Chartwell shareholder will retain Class I shares in an amount equal to the value of the shareholder’s Class Chartwell shares as of the Redesignation Date. The net annual fund operating expenses of Class I shares are expected to be the same as the net annual fund operating expenses of the Class Chartwell shares. No sales charges will be imposed in connection with the Redesignation. The Class I shares are expected to be identical to those of other series of Carillon Series Trust, the characteristics of which will align with the Class Chartwell shares prior to the Redesignation Date.
Effective as of the Redesignation Date, all references to Class Chartwell in the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”) will be deleted and replaced with Class I.
* * * * *
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE PROSPECTUS, SUMMARY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE

https://www.sec.gov/Archives/edgar/data/897111/000089843224000164/form497.htm
497 1 form497.htm FORM 497
CARILLON SERIES TRUST
Carillon Chartwell Short Duration Bond Fund
SUPPLEMENT DATED FEBRUARY 26, 2024 TO
THE PROSPECTUS, SUMMARY PROSPECTUS AND STATEMENT OF
ADDITIONAL INFORMATION DATED
MAY 1, 2023, AS PREVIOUSLY AMENDED OR SUPPLEMENTED
The Board of Trustees of Carillon Series Trust has approved a Plan of Liquidation and Dissolution pursuant to which the Carillon Chartwell Short Duration Bond Fund (“Fund”) will be liquidated and terminated on or about April 19, 2024 (the “Liquidation Date”) based upon the recommendation of Carillon Tower Advisers, Inc. (“Carillon”), the Fund’s investment adviser.
In anticipation of the liquidation, effective on or about April 5, 2024, the Fund will be closed to new shareholders. To prepare for the liquidation, Carillon and/or Chartwell Investment Partners, LLC, the Fund’s subadviser, may need to increase the portion of the Fund’s assets held in cash and similar instruments in order to pay for Fund expenses and to meet redemption requests. As a result, the Fund may no longer be pursuing its investment objective during this transition. The Fund will distribute cash pro rata to all remaining shareholders who have not previously redeemed or exchanged all of their shares on or about the Liquidation Date. These distributions may be taxable events. Once the distributions are complete, the Fund will terminate.
Liquidation proceeds will be delivered in accordance with the existing instructions for your account. No action is needed on your part.
Please note that you may exchange your shares of the Fund at net asset value at any time prior to the Liquidation Date for the Class Chartwell shares of the Carillon Chartwell Income Fund, Carillon Chartwell Short Duration High Yield Fund, Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Small Cap Value Fund or Carillon Chartwell Small Cap Growth Fund. You may also redeem your shares of the Fund at any time prior to the Liquidation Date. No sales charges, redemption or termination fees will be imposed in connection with such exchanges and redemptions. In general, exchanges and redemptions are taxable events for shareholders.
In connection with the liquidation, the Fund may declare taxable distributions of its net investment income and net capital gains in advance of the Liquidation Date, which may be taxable to shareholders.
You should consult your tax adviser to discuss the Fund’s liquidation and determine its tax consequences.
For more information, please contact us at 1.800.421.4184.
* * * * *
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH
THE PROSPECTUS, SUMMARY PROSPECTUS AND STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE

+1.
@MikeM: Maybe a typo there?
ET just paid, on 20th Feb. The very healthy dividend was .315 cents/share.
...You must be quoting me info re: BUI. I don't prefer ETFs. But I'm always acting against my own dictates. The latest illustration of that is FALN. (And I've been wanting to add a Yoot. This one might fit the bill.)