I wish I did but sadly don't. There were a bunch of interviews (late 2020/early 2021) with Dennis Lynch (he was being touted as the Cathie Wood of MFs for a bit) that delved into reasons for its explosive year. If interested, I trust you can track some of those down and get your answer.

I've been watching FDRV since you brought it up @stillers. I put in a buy at 29 and another at 28. Closed at 29.71 today. We'll see what happens.

FDRV had one of its first rough days yesterday that I recall since buying it, in part driven by TSLA's slide.
IMO, limit orders are a MUST on it despite its increasing avg daily volume. BEWARE of pre/post-market trades - seen some people apparently burned there.
WAG: Your $29 order might fill, but pretty sure the $28 price is in its rear view mirror (yeah, pun intended) for the time-being at least. FWIW, my cost basis is a little under $27. Its UP ~15% since inception, while I'm UP ~10%.
If I haven't posted this yet, note that Fido Community Forum thread Electric Vehicles - What's in Your Portfolio has a great discussion on EVs with several posts about FDRV. Lots of bright posters participating on it. I'm just along for the ride (yeah, 'nother pun).
So are the Bills keeping you on the Edge of Wetness (Thanks, Carnac) this year? Crazy season!

Found this thread to be very informative to me when selecting Foreign / World funds for a portfolio. Returning to this thread after some time has passed. When looking at the performance this year - it appears that Foreign Large Growth has outperformed World LG. Note: I own MGGPX and MFAIX and PRGSX. Anyone own any of these funds? Thoughts on performance and future?
Foreign LG:
PWJZX +22.04
MFAIX +20.00
BUFIX +19.94
WCMIX +19.11
World LG:
PRGSX +16.70
BGAIX +15.73
MGGPX +8.85 <-- Not a great YTD (at all).
Edit Add: Since thread mentioned FSEAX ... that's one fund I'm hoping to exit soon. I also own ARTYX and may keep position there for a tad in EM.

I've been watching FDRV since you brought it up @stillers. I put in a buy at 29 and another at 28. Closed at 29.71 today. We'll see what happens.

So rail cars will be used instead...that makes safety sense.

shutting down the Line 5 pipeline would require 2,100 rail cars to deliver the oil from Superior, Wis., to the Imperial Oil refinery in Sarnia, Ontario, just across the U.S. border.

You don’t have exposure to oversea and other asset classes?

At present I have about 12% positioned outside of the US.

He's damned if he does...
"Word that the Biden administration was quietly studying the potential market impact of killing the Line 5 pipeline, first reported by POLITICO, set off a firestorm of criticism from Republicans saying the move would worsen the spike that has already driven propane prices up 50 percent from a year ago just as Michigan residents — the nation's biggest consumers of the fuel — stock up for cold weather."
And damned if he doesn't...
"But equal pressure is coming from from environmental groups and Native tribes to back Michigan Gov. Gretchen Whitmer in her fight to shut the pipeline down. The groups say a potential oil spill from the 70-year-old pipeline that crosses the Straits of Mackinac would devastate the Great Lakes and Michigan’s coastal economies — a concern that grew after the lines were damaged by an anchor strike in 2018."
Link

TREMX has had a emerging year (+60%...oops 55%).

Major clothing and shoe companies are moving production to countries closer to their U.S. and European stores, smarting from a resurgence in cases of the Delta variant of the coronavirus in Vietnam and China that slowed or shut down production for several weeks earlier this year.

retailers-lose-love-asia-snarled-supply-chains-force-manufacturing-exodus

There is a write up beginning on page 18 of the FRB Assessment that focuses on Retail Investors, Social Media, and Equity Trading. They appear to be in the "monitoring with concern" phase of the evaluation process regarding meme stocks, evolving trading strategies, etc.
The main body of the report ends with a list of most sited potential sources of shock to the financial system.

Financial Stability Report

The Fed released its 6-month risk assessment yesterday. Here’s a short excerpt from the story in today’s (11/9) Wall Street Journal. The note on some types of money market mutual funds / cash management vehicles / bond and bank loan mutual funds is interesting. I’m wondering if that’s primarily in the institutional variety or whether there’s concern at the retail level?
Article - “Fed Says U.S. Public Health Among Biggest Near -Term Risks to Financial System”
“Asset prices may be vulnerable to significant declines should risk appetite fall, progress on containing the virus disappoint, or the recovery stall,” the central bank said in its semiannual Financial Stability Report. Still, other parts of the financial system appear resilient. Banks remain well capitalized, the central bank said, and key measures of vulnerability from business and household debt have largely returned to pre-pandemic levels. “Little evidence exists of widespread erosion in mortgage underwriting standards or speculative practices,” the report said. “However, with valuations at high levels, house prices could be particularly sensitive to shocks.” he Fed also warned that structural vulnerabilities persist in some types of money-market mutual funds and other cash-management vehicles, as well as in bond and bank loan mutual funds. The vulnerabilities could amplify shocks to the financial system in times of stress, as they have in prior crises, the central bank said. Fed officials monitor asset prices to gauge risks that a sudden, sharp decline might pose to the broader financial system.
Personal note: I recall that decades back some government bond funds experienced serious stress after making bets on interest rates that didn’t materialize, Recently (according to another WSJ article) some hedge funds have experienced big losses after betting that long term rates would rise when in fact those longer rates (out to 30 years) have been falling (here and abroad) in recent weeks.

Also, a snippet from Barron's Review & Preview dated 11/05/21 follows.
FWIW, our only specific play in the whole infrastructure/climate change/EV areas is Fido's recently incepted ETF FDRV. Up 11+% in less than a month. Nice bump in it Monday effectively explained in the last paragraph.
YMMV. Past performance is no guarantee of future results. Actual size may vary. Void where prohibited.
Barron's Excerpt (Bold added):
...There was also a more concrete catalyst—quite literally—that boosted stocks today. Late on Friday evening, the House of Representatives passed a package of infrastructure legislation that includes some $550 billion in new spending. It’s part of a bill with a headline amount of roughly $1 trillion going toward investments in American roads, bridges, rail, waterways, electrical grid, high-speed internet, and other public works.
Investors have had plenty of time to process the implications of the legislation, which passed the Senate months ago. Nonetheless, stocks of companies in affected sectors jumped today.
Steel producers Cleveland-Cliffs and Nucor gained 5.5% and 3.6%, respectively. Vulcan Materials and Martin Marietta Materials, which make cement and asphalt, rose about 5% and 3%. Caterpillar stock added 4%.
But it was electric-vehicle charging stocks that saw the biggest bump today. ChargePoint Holdings stock closed up 12%, Volta gained 19%, and EVgo added 35%.

Stocks per MarketWatch
https://www.marketwatch.com/discover?stackid=d848c2a2876e40432768c273f5448e67&siteid=nwhpm#https://www.marketwatch.com/amp/story/5-infrastructure-stocks-to-buy-now-that-bidens-bill-has-been-passed-according-to-jefferies-11636386524?mod=dist_mw_email
I DO NOT endorse these USN&WR rankings, but for
MFs:
https://money.usnews.com/funds/search?category=infrastructure&mutual-funds=true
ETFs:
https://money.usnews.com/funds/etfs/rankings/infrastructure
Stock and Bond Infrastructure MFs per Fido
Fund Name (63 matches)View a detailed profile of the fund.
FNSTX Summary - Fidelity ® Infrastructure FundNo Transaction Fee
AIAFX Summary - Aberdeen Global Infrastructure Fund Class ANo Transaction Fee
AIFRX Summary - Aberdeen Global Infrastructure Fund Institutional Class
BGLAX Summary - Brookfield Global Listed Infrastructure Fund Class A
BGLCX Summary - Brookfield Global Listed Infrastructure Fund Class C
MLXAX Summary - Catalyst Energy Infrastructure Fund Class A
MLXCX Summary - Catalyst Energy Infrastructure Fund Class C
MLXIX Summary - Catalyst Energy Infrastructure Fund Class I
RGIVX Summary - ClearBridge Global Infrastructure Income Fund Class I
DHINX Summary - Centre Global Infrastructure Fund Institutional Class
DHIVX Summary - Centre Global Infrastructure Fund Investor ClassNo Transaction Fee
CSUAX Summary - Cohen & Steers Global Infrastructure Fund, Inc. Class ANo Transaction Fee
CSUIX Summary - Cohen & Steers Global Infrastructure Fund, Inc. Class I
NXGAX Summary - Cushing ® NextGen Infrastructure Fund Class A Shares
NXGNX Summary - Cushing ® NextGen Infrastructure Fund Class I Shares
BILDX Summary - DoubleLine Infrastructure Income Fund Class I
BILTX Summary - DoubleLine Infrastructure Income Fund Class NNo Transaction Fee
TOLLX Summary - DWS RREEF Global Infrastructure Fund - Class ANo Transaction Fee
TOLCX Summary - DWS RREEF Global Infrastructure Fund - Class C
TOLIX Summary - DWS RREEF Global Infrastructure Fund - Class Inst
ECOIX Summary - Ecofin Global Renewables Infrastructure Fund Institutional Class
FMSSX Summary - Frontier MFG Select Infrastructure Fund Service Class
FMGIX Summary - Frontier MFG Core Infrastructure Fund Institutional Class
FCIVX Summary - Frontier MFG Core Infrastructure Fund Service Class
GLEAX Summary - Goldman Sachs Energy Infrastructure Fund Class A SharesNo Transaction Fee
GLPAX Summary - Goldman Sachs MLP Energy Infrastructure Fund Class ANo Transaction Fee
GLPCX Summary - Goldman Sachs MLP Energy Infrastructure Fund Class C
ICBMX Summary - ICON Natural Resources and Infrastructure Fund Institutional
ICBAX Summary - ICON Natural Resources and Infrastructure Fund Investor ClassNo Transaction Fee
GIZAX Summary - Invesco Global Infrastructure Fund Class ANo Transaction Fee
GIZCX Summary - Invesco Global Infrastructure Fund Class C
JEEBX Summary - JHancock Infrastructure Fund Class ANo Transaction Fee
JEEIX Summary - JHancock Infrastructure Fund Class I
KARIX Summary - Kayne Anderson Renewable Infrastructure Fund Class I
KARRX Summary - Kayne Anderson Renewable Infrastructure Fund Class RetailNo Transaction Fee
GLFOX Summary - Lazard Global Listed Infrastructure Portfolio Open SharesNo Transaction Fee
GLIFX Summary - Lazard Global Listed Infrastructure Portfolio Institutional Shares
VCRAX Summary - MainStay CBRE Global Infrastructure Fund Class ANo Transaction Fee
VCRCX Summary - MainStay CBRE Global Infrastructure Fund Class C
VCRIX Summary - MainStay CBRE Global Infrastructure Fund Class I
MGVAX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class ANo Transaction Fee
MCSGX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class B
MGVCX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class C
MGOIX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class I
MTIPX Summary - Morgan Stanley Institutional Fund, Inc. Global Infrastructure Portfolio Class ANo Transaction Fee
MTIIX Summary - Morgan Stanley Institutional Fund, Inc. Global Infrastructure Portfolio Class I
NMFIX Summary - Northern Multi-Manager Global Listed Infrastructure Fund
FGIAX Summary - Nuveen Global Infrastructure Fund Class ANo Transaction Fee
FGNCX Summary - Nuveen Global Infrastructure Fund Class C
PXDIX Summary - Pax Global Sustainable Infrastructure Fund Institutional Class
PGJAX Summary - PGIM Jennison Global Infrastructure Fund- Class A
PGJCX Summary - PGIM Jennison Global Infrastructure Fund- Class C
PGJZX Summary - PGIM Jennison Global Infrastructure Fund- Class Z
RMLPX Summary - Recurrent MLP & Infrastructure Fund Class I
SMAPX Summary - Salient MLP & Energy Infrastructure Fund Class A
SMFPX Summary - Salient MLP & Energy Infrastructure Fund Class C
SMLPX Summary - Salient MLP & Energy Infrastructure Fund Class I
TMLAX Summary - Transamerica Energy Infrastructure Class ANo Transaction Fee
TMCLX Summary - Transamerica Energy Infrastructure Class C
TMLPX Summary - Transamerica Energy Infrastructure Class I
PGUAX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class ANo Transaction Fee
PGUCX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class C
PGIUX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class I

@JonGaltill: DMCRX is closed, but you can get the same managers in their SCG (DVSMX) and SMID (DSMDX) funds. The performance of the former has been superior to MSSMX.

"Whoa! Nellie!" (Thanks Keith)
DSMDX is a MCG fund so TR comparisons with MSSMX are not apples-to-apples. Either way, MSSMX has better TR over 1-yr (only period available other than YTD) 81% to 51%. How is that "superior"?
DVSMX IS a SCG fund like MSSMX but MSSMX easily beats DVSMX over 1-yr, 81% to 61%, and over 3-yrs, 55% to 37%. How is that "superior"?
You MUST be looking ONLY at YTD TRs in which DSMDX and DVSMX and are a bit better?

I’ve owned ALTEX, ALTEX Alternative Energy Fund, and continue to own Guinness Atkinson Alternative Energy Fun’s, GAAEX.
They’ve treated me better than QCLN, ICLN, and some of the other ETFs that I bought at the very end of the speculative growth peak from Dec ‘20-Feb ‘21 (which would be poor timing/speculation on my part…briefly had a fling with disruptors haha).

This is the one Congress passed Friday late evening. Are you aware of any funds that showed in their price movement today indicating their slant to constituents that might benefit from this new legislation?
I checked the M* infrastructure category and none of the funds' price movement today suggest benefitting from this Act. It is possible the funds already captured the benefit when the Senate passed the bill a while ago or M* daily price updates are stale, as usual.
Some clean energy ETFs are up nicely but they have been considerably off their 52 week high. Of the S&P sector funds, XLB performed the best today with a gain of 1.25%. XES - Oil & Gas services subsector fund happens to be up 1.79%.
Thanks.

@stillers - thanks for the response. I DID buy MSSMX at the high this year but have no issue holding on to it and it's volatility. It's delivered over the LT. I was just looking for more color as to why MFO rated it so low for 1 year when the returns were so high etc.
Really like the performance of DMCRX but its closed to investors and I prefer my two over ARTSX and BUFSX. So, I'm certainly inclined to let them ride for a while. But always curious and open to learn about alternate opinions on funds.
Edit Add: WAMVX looks like an interesting one to look closer at. High ER but remarkable returns over the years. Wish I could view my WAMCX in Fidelity Research but not anymore as its N/A to retail. Never saw a notice on it.

So I sold out of MSSMX as it began its slide in early 2021 and just recently bought back 1/2 position in it.
I don't follow/use MFO Ratings so can't help you there. You might want to check its M* SCG 1-yr rating which is still top 3%.
And it's still best in class for 3-yr, 5-yr and 10-yr periods, and Dennis Lynch is still managing it.
From afar: I think you bought this fund at/near its peak, suffered through its slide, and are about to sell it when it's (IMO, that's why I bought it back) likely to get back into its groove. VERY volatile fund as you know. Maybe too volatile for you?
Good luck whatever you decide.

Taking a closer look at two small cap growth funds - MSSMX and WAMCX in a port.
MSSMX - I am not understanding the MFO Rating of 1 for the fund over the 1 year period. It's had an APR of 81.2 and Martin is 9.48 (which is not best for the category) but is there something else I'm missing? This fund has had a stellar run against the S&P etc. and is plus 36.6 vs. peers over the same time period. Is it just the Martin affecting the lowest ranking?
WAMCX - MFO rating of 2 over the 1 year is more easily understood as the performance vs. S&P has trailed for the first time in a long time and vs. peers is a bit lower. I've been encouraged by recent performance but over 12 months ... its not performed as strong as some other small cap growth funds or as it's history.
Interested in any general opinions of the two funds above along with any explanation on the MFO rating of MSSMX. TIA.

Agreed, a distinct TIN (EIN/SSN) would seem to be sufficient.
No need to go through the process of creating an LLC. An EIN can be assigned to any business. I have an EIN as a sole proprietor - it's required to have an individual 401(k).
https://www.nolo.com/legal-encyclopedia/when-does-sole-proprietor-need-ein.html
That said, my sole proprietorship is legitimate - in random years I collect a bit of income (1099-MISC) doing consulting work. There are issues in declaring oneself a business without attempting to make a profit - see hobby vs. business. I don't know whether one similarly needs to be running a real business to use its EIN.