Hi guys, In viewing my portfolio in M*'s Portfolio Manger this morning (Saturday 10/2) around 5:45 AM, I am finding than a good number of my mutual funds have stale pricing from Thursday's market close and M* has failed ... yet again ... to update many mutual funds in my portfolio with Friday's nav market closing values. No wonder M* gets bashed on many investment boards.

When Stock Markets Start Falling What’s the Best Investment Strategy?
Covered in the article (linked below) are some of the things you can do when volatility hits Wall Street.
1) Buy When Everyone Else is Selling
2) Sell and Limit Your Risks
3) Hold and Stick to Your Game Plan
https://investorjunkie.com/investing/best-investment-strategy/
For me, I'm invested in an all weather asset allocation of 20% cash, 40% bonds and 40% stocks that affords me the opportunity to buy during market pullbacks and to also use a seasonal investment strategy where I load equities come fall and then trim equities come spring. For me, option numer one is my plan A.

So I guess you would probably also bet straight up that BUF will beat HOU this weekend?

We Bills fans are always at the edge of our seats waiting for the next shoe to drop @stillers :) , but I'll take the straight up bet vs Houston and in a few weeks I'll take it against KC. Then a couple weeks later against Brady. Ahhh, feels like I'm back in he '90s.
Does this constitute trash talk :) Go Jim Kelly... oh, I mean Josh Allen!!!

Always have had a soft spot for the Bills, all the way back to the AFL and Kemp. Then of course once you got the 'burgh's/East Brady's Jimbo in the fold, well, 'nuff said.
Very familiar with the plight of Bills fans. We watch it play out pretty much every week and season. That said, this, or a year coming very soon, should be your year...
But...
Seems that other shoe dropped pretty hard on you guys in Wk 1 when you lost to the B&G, who then went onto show their likely real 2021 selves vs the Raiders and Bungles. That AFC loss may come back to haunt you guys when the dust settles at the end of the RS. Hope not though.

You're right that JAAA tends to move a bit more in tandem with stocks (R² of about 0.5) than the other ultrashort term bond ETFs I mentioned. Though there's not much default risk in AAA tranches of CLOs (vs CDOs).
On the upside, there's that higher yield:

To be sure, AAA-rated CLOs and the new ETFs investing in them offer the much safer corners of the leveraged-loan market, with layers of default protection yet higher yields than investment-grade bonds. As of Sept. 30 [2020], the average yield of AAA-rated CLOs was 1.6%, more than double the 0.78% yield of AAA-rated corporate bonds.

https://www.barrons.com/articles/collateralized-loan-obligations-clos-are-now-available-in-etfs-should-you-buy-51603184400
(This was written just as JAAA launched; since then it has done well in part because of those higher yields and in part, as you said, because it moved up somewhat along with stocks.)
JBBB is a different story. Lower credit rating => moves more closely with stocks, more risk of default.

Did most of my Dip/Diplet buying Wed and Thu as noted in my prior post here.
Also added to ITOT this AM when it was fractionally DOWN.
What happened? Take your pick...
Powell''s comments
BIG Merck news
Re-rotation to Value
Start of the market's annual UP period cycle
Bond yield slowing/effect getting consumed by market participants
$16 Trillion on the sidelines (Read it again s-l-o-w-l-y and try to understand it.)
Or just the ol' tried and true axiom, "Enuff Dip/Diplet is enuff!"
Final hour could be telling. But either way, it was just a matter of time before it ran/runs its course.
It's a fun game this Dip/Diplet BUYing thing.
If you haven't before, try playing along next time.

BNY has been updated
https://im.bnymellon.com/us/en/documents/manual/tax-forms/2021-early-estimated-capital-gains-november-2021.pdf
Dodge and Cox (new)
https://www.dodgeandcox.com/pdf/shareholder_services/dc_estimated_year_end_distributions_2021.pdf
Evermore (new)
https://evermoreglobal.com/our-products/global-value-fund-distributions/
Harbor Mid Cap Growth is paying 40% (But I think they switched strategies/managers this year) https://www.harborfunds.com/docs/Dividend_Estimates_HMCGF.pdf
Harbor Capital
https://assets.harborcapital.com/docs/Dividend_Estimates_2021.pdf
FPA
https://fpa.com/docs/default-source/tax-dividend-info/all-fund-year-end-2021-distributions-estimates.pdf?sfvrsn=e2d9919d_3&utm_medium=email&_hsmi=176507488&_hsenc=p2ANqtz-_pVNDZGWeFi77zgEJdgzwsWk6FOCm1LAz373HAYaS_3Rsc1zSzI2mRqVNIS7x02olDuTg4Ft4U8N2ZL6qRG8bChq3NfQ&utm_content=176507488&utm_source=hs_email

I may have missed it, but Wells Fargo Asset Management was spun off as well. Changing the fund names is just part of this larger change. WFAM is becoming Allspring Global Investments.
https://www.prnewswire.com/news-releases/wells-fargo-asset-management-to-become-allspring-global-investments-initiates-leadership-transition-301340853.html
IMHO, the "why" is pretty obvious, especially to investors who wouldn't touch any service or product coming from Wells Fargo.

“Rebranding is vital as is a new broom at the top to reboot the ailing WFAM business,” said Amin Rajan, chief executive of Create Research, an asset management consultancy.
...
Efforts by WFAM to attract new clients have ... been hampered by the 2016 mis-selling scandal involving the fraudulent opening of millions of customer accounts, which Wells Fargo bank has struggled to recover from.

https://www.ft.com/content/fdf0f369-5d5f-4385-8689-158ad173f793

This is how I have done it since 2000(link).

Likely supply chain issue that inflates the pricing just like new cars.
CW’s funds are not doing well lately. Like to see another 10% decline before they become attractive.

update:
https://www.sec.gov/Archives/edgar/data/908802/000139834421019444/fp0069092_497.htm
497 1 fp0069092_497.htm
Filed pursuant to Rule 497(e) and Rule 497(k)
under the Securities Act of 1933, as amended
File Registration No.: 033-65632
SCHRODER SERIES TRUST
(the “Trust”)
Schroder Long Duration Investment-Grade Bond Fund
(the “Fund”)
Supplement dated September 30, 2021
to the Fund’s Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), each dated March 1, 2021, as supplemented
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
On July 6, 2021, the Trust filed a supplement (the “Original Supplement”) disclosing that the Board of Trustees of the Trust approved the liquidation of the Fund and that the liquidation was scheduled to occur on or about September 30, 2021. The Fund’s liquidation has been delayed to occur on or about October 21, 2021. Accordingly, the Original Supplement has been reproduced below with this new liquidation date.
The Board of Trustees of the Trust, at the recommendation of Schroder Investment Management North America Inc. (the “Adviser”), the investment adviser of the Fund, has approved a plan of liquidation providing for the liquidation of the Fund’s assets and the distribution of the net proceeds pro rata to the Fund’s shareholders. In connection therewith, the Fund is closed to new investments. The Fund is expected to cease operations and liquidate on or about October 21, 2021 (the “Liquidation Date”). The Liquidation Date may be changed without notice at the discretion of the Trust’s officers.
Prior to the Liquidation Date, shareholders may redeem (sell) their shares in the manner described in the “How to Sell Shares” section of the Prospectus. For those shareholders that do not redeem (sell) their shares prior to the Liquidation Date, the Fund will distribute to each such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal in value to the shareholder’s interest in the net assets of the Fund as of the Liquidation Date.
In anticipation of the liquidation of the Fund, the Adviser may manage the Fund in a manner intended to facilitate the Fund’s orderly liquidation, such as by holding cash or making investments in other highly liquid assets. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategies, which may prevent the Fund from achieving its investment objective.
The liquidation distribution amount will include any accrued income and capital gains, will be treated as a payment in exchange for shares and will generally be a taxable event for shareholders investing through taxable accounts. You should consult your personal tax advisor concerning your particular tax situation. Liquidation costs will be accrued on the date of this Supplement and shareholders remaining in the Fund on the Liquidation Date will not be charged any additional fees by the Fund associated with the liquidation. Shareholders will receive liquidation proceeds as soon as practicable after the Liquidation Date.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SCH-SK-016-0100

I've sniffed around on the "net" for some clues; but also need to ask here, to tap the vast wealth of knowledge that exists among this group.
We've performed 3 real estate transactions (primary home) since 1976, and one raw land transaction.
The 3 primary home transactions were all local, so a face to face was always in place for all parties involved in the buy/sell.
The primary home transactions were buyer/seller transactions NOT using a real estate agent, being for sale by owner. All purchase agreements were reviewed by a fee only real estate attorney to clarify, verify and add/subtract any and all legal language to provide a legally sound document. The mortgage provider was the only other outside participant, which required that all involved signed the proper legal documents to close the deal.
The raw land purchase was from a large company selling parcels in a variety of locations. This purchase could be performed directly with their local, authorized agent. A fully straight forward, legal transaction.
So, we have exposure to the "old" DIY method of selling and NOT using a real estate agent.
NOW.....
We have been contacted by a (not a company) husband/wife for our consideration of selling the raw land, as they are looking at property in the area. Such a transaction would not be a face to face, as they live 1,600 miles from the property and we live a full overnight drive from the property.
The question(s) are now these:
--- Is there a common path of documents and processes to attempt a long distance, without face to face, property sale?
--- Is this a fully difficult transaction to consider, knowing the circumstances (distance) involved between seller/buyer?
NOTE 1: We have not yet responded to their query to sell our property.
NOTE 2: We have not contacted a local real estate attorney at this time, as to how to proceed; if we decide to sell.
NOTE 3: We know the one required document would be a Warranty Deed to ensure there are not liens on the property.
Surely, I've missed something in this thinking process. Your input is very much appreciated.
Thank you,
Catch

Basically, yes, it just amounts to a savings of a few basis points for retail investors.
I'm not sure why the cited article implies that all the retail target date fund ERs are the same 12 basis points when according to Vanguard they range from 12 to 15 basis points.
Here's Vanguard's list of retail target date funds (with ERs), followed by institutional target date funds (with ERs), followed by collective investment trust target date vehicles (no ERs).
https://institutional.vanguard.com/fund-list/?filters=trgDt,&sortBy=assetClass&viewType=quarterEndReturnsNAV

Yeah - I caught Wood on Bloomberg. Makes a certain amount of sense. Don’t rule it out if the stock market bubble were to pop. However, I’ll go with persistent inflation as the more likely future. Trip to area “Dollar” store yesterday. First time in a while. A small generic branded 9V battery (most smoke detectors) had increased from $1 to $3.50 over past 12-18 months. Similar 2X + increases in household cleaning supplies. Of course, isolated cases like this don’t a trend make. Just saying …
(Deleted)

Cathie Wood, Mohamed El-Erian and Scott Minerd share their views on deflation, inequality and cybersecurity.
CW - "we’re in a period today like we’ve never been in. You have to go back to the telephone, electricity and automobile to see three major technologically enabled sources of innovation evolving at the same time. Today, we have five platforms: DNA sequencing, robotics, energy storage, artificial intelligence and blockchain technology — all of which are deflationary."
Be on the right side of change...
ME- "The prescription is investing in human and physical infrastructure. It’s about enabling people to do more and to do better. It’s about providing people with transformational opportunities. It starts at a very early age, at pre-K, exposing bright minds to exciting education and opportunities. It continues throughout the middle school, high school, university, making elite universities more accessible to people who deserve to be there but may be held back because they come from the wrong zip code or because their parents have never had an education."

wall-street-titans-reveal-the-next-big-risks-deflation-inequality-hackers

Thanks for clarifying the matter. So there is a net saving of 3 basis point from 12 basis point.

https://www.sec.gov/Archives/edgar/data/1081400/000108140021001242/namedatechange.htm
497 1 namedatechange.htm
SUPPLEMENT TO THE
PROSPECTUSES, SUMMARY PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION OF
WELLS FARGO ALTERNATIVE FUNDS
WELLS FARGO COREBUILDER SHARES
WELLS FARGO FIXED INCOME FUNDS
WELLS FARGO INTERNATIONAL AND GLOBAL EQUITY FUNDS
WELLS FARGO MONEY MARKET FUNDS
WELLS FARGO MULTI-ASSET FUNDS
WELLS FARGO MUNICIPAL FIXED INCOME FUNDS
WELLS FARGO SPECIALTY FUNDS
WELLS FARGO TARGET DATE RETIREMENT FUNDS
WELLS FARGO U.S. EQUITY FUNDS
WELLS FARGO VARIABLE TRUST FUNDS
(Each a “Fund”, together the “Funds”)
Wells Fargo Asset Management today announced that the Funds’ names will be changing from “Wells Fargo” to “Allspring” on December 6, 2021. This date for the name change replaces the previously announced date of October 11, 2021.
September 30, 2021
091MMR/P1201SP

Yes, there are dividends which are not much when being paid semi-annually. I re-invest on my shares held by Equiniti (transfer agent). I think last year I received around $42 on 14 shares when the stock was $600-$700 per share. Would have to check with the brokerage about re-investment on the stock,

For most investors, the main news of significance is the merger and lowering of ERs for the retail Target Retirement Funds. The Institutional Target Retirement Funds really are for institutions only. And the Target Retirement Income and Growth Trust is structured as a collective investment trust (CIT) "available to eligible defined contribution plans."
Here's the Vanguard page for VITRX (including the glide path for the institutional series). The Vanguard page for the corresponding acquiring fund, VTINX, can be found here.
A recent M* writeup of the Vanguard retail series TDFs.
https://www.morningstar.com/articles/1027981/vanguards-fine-target-date-retirement-series
Generally speaking, the institutional series use institutional (or admiral) class shares of underlying funds, while the retail series use the investor class^* shares of funds.
[* Though Vanguard closed investor class shares of index funds to retail investors when it lowered the admiral class min to $3K, it continues using the more expensive investor class shares in its funds of funds.]
By switching investor share classes of some of the retail series' underlying funds to institutional/admiral shares, retail investors will see a reduction in cost. But that won't have any effect on the 0.09% ER of the institutional series. I don't know what magic Vanguard has in mind to reduce this down to 0.08%.

The merger is expected to reduce the overall expense ratio to 8 basis points. The investor share-priced expense ratio has been 12 basis points, while the institutional expense ratio has been 9 basis points, [a Vanguard spokeswoman] wrote.

https://www.pionline.com/defined-contribution/vanguard-merges-target-date-series-lowers-fees