Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I voted against because after two phone calls involving consulting supervisors nobody representing M&P could tell me what I would actually be voting for. I could not bring myself to vote for something that people who worked for M&P did not …
Food for thought. Thank you.
The trust is about to acquire three funds. And now it decides to more than double the size of its board. Coincidence or response to taking on more responsibilities? If the latter, shouldn't those creating the need ha…
@msf: *Something* doesn't feel right to me. Could you say a bit more about what you perceive about the timing?
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The timing just doesn't feel right, though.
M&P just wants to replace the current trust company with a bigger trust company, one that also holds assets for other funds.
It's so simple when put in plain English as you have. Much appreciated. It would have been nice had M&P found so…
Well then, since nothing untoward has happened with M&P since 2011, perhaps I will vote in favor of the propose change. Or not. They expect shareholder expenses to go down.... but not until shareholders pay 1/3 of the expense to make the change…
Thank you, one and all. All I can add at this point (maybe more tomorrow) is that
1) "Trust For Professional Managers" of which Mairs & Power proposes to become a series, or to "become series" as the proxy booklet puts it, seems to be *alread…
Digging deeper I stumbled upon the "idea" (something between a suggestion and a fact) that M&P wishes to transform itself into a "series" (?!) of Trust For Professional Managers. It's right there on page one of the booklet but the language is so…
Thanks everyone. More info is welcome if anyone knows what is happening at M&P.
@LewisBraham: page 14 of the booklet I was sent lists the managers of the Growth Fund. The linked document is similar to and sometimes apparently identical to wha…
So exactly where are we here? TRP works for some people but not for others???
Perhaps it works with some web browsers and not others. Possibly not with a web browser in need of an emptied cache. Sometimes that has happened to me (not with TRP).
I am not having any of these problems with TRP. I got my 1099 in the mail, it is also easily found on the TRP website once I log in. The only time I needed to talk to them on the phone I was attended to quickly and the person I spoke to was well-i…
I am finding parts of this thread hard to understand due to terminology I don't understand. First there was "weak bench". Now there is "l-t holdings". A careful web search has turned up nothing. Can someone explain what these terms mean please? Th…
For a number of the GP funds an entire year's worth of great returns have just gone "poof" in less than four weeks. That does, in my view, signal a worrisome aspect to the firm's risk management practices.
And later in the year it is possible tha…
Thanks for sharing the letter. I was going to pull the plug on my GP investments but I will reluctantly give these guys 2022 to remedy themselves from the mistakes they admitted. I continue to be concerned by the weak bench in management.
What is …
@LewisBraham: yes, these were similar to my thoughts as well. According to the phone conversation I had with a Grandeur Peak representative, Global Explorer will take the same collaborative, mutually consulting approach as Global Reach, which is li…
I had a pleasant talk with Grandeur Peak and got the answer to my question : At the outset the holdings of Global Explorer will have a lot of overlap with that of Global Reach but with different weightings. Over time it is expected that the portfoli…
Ah. I see the post now. Maybe I'll phone Grandeur Peak and see if they can answer my question. At the moment I don't see the difference between owning shares in a mutual fund that chose its investments by method A and a different fund with the same…
The press release makes clear the benefit to the Grandeur Peak staff: those who were assistants are now in charge of something. But what is the benefit to the potential investor? If Global Reach and Global Explorer "will look fairly similar" then…
So for those, like me, who don't understand a single word of that, what does it mean to the individual computer user? What should we avoid doing?
Indeed. Thanks for asking. I sure don't know.
+1 crash That's why I keep the majority of my investments at Fidelity and Schwab, and use my Vanguard brokerage to mostly hold Vanguard Funds only.
That's a good point. The Vanguard brokerage seems to handle exchanges between Vanguard funds smoothly…
I've told bits and pieces on this forum before of how the Vanguard brokerage made a dog's breakfast of a transfer. I transferred some assets to Vanguard from elsewhere. I They messed it up so badly I had to get FINRA involved. This was after over…
When someone addresses a comment to "Ben" a white numeral 1 on a rectangular red field appears beside my name (Ben) in two places near the upper left hand corner of the page. If 2 people address "Ben" the number 2 appears instead. Etc
@Ben: our pare…
@rono: I've been following this discussion with interest and I've understood everything until I came to something in your third paragraph above (addressed to hank) where you wrote "a DC pension can be a good substitute for a DC pension ". A typo?…
I am asking myself a similar question about Explorer and Opportunities. Global Reach contains most or all of the stocks that are in the other Global Peak funds. Global Opportunities has a third to a half as many stocks. But why does Global Peak nee…
On a Mac with Safari it's Option-Control-E, or click on "Empty caches " in the Develop menu in Safari. In my case I did neither keyboard combo. I just waited a few minutes and the issue vanished. Thanks!
PS. FWIW. I've found that most on-line site…
Ben ,one option is to ACH transfer the Vanguard funds to E-Trade, as Vanguard funds are ntf at E-Trade. As a former client , their customer service isn't great but it's better than Vanguard. A second consideration is how long will this arrangement l…
Wow, I'm never going anywhere NEAR Vanguard. Glad to read about what's been happening to some of us!
I would feel and do the same had I not already been invested for decades in a few excellent Vanguard funds with good results. I have no complaints a…
Hi @Ben
Do you have an investment account at Fidelity and/or have experience with their inclusive brokerage feature?
Thank you.
Hi catch 22,
No I have had no dealings with Fidelity. Nothing against them, it just never happened. I have never used a…
@sma3: Perhaps I am misreading or perhaps there is a typo. Why would difficulties at Schwab cause people to leave Vanguard?
In response to all the other recent contributions to this thread the short reply is:
"Yup."
A more detailed reply:
I bega…
Problem solved. Perhaps I over-grumbled. When Vanguard changed the fund name the ticker didn't seem to change. Now it has. When I replaced VMMXX with VMRXX everything works again. On the other hand perhaps I did not over-grumble. A competent tech a…
