During the plunge earlier this morning, I added an amount equal to the current T holdings in my taxable account. At the very least, I have an opportunity to harvest a loss for tax purposes to balance out other gains.
Added to an existing JEPI holding this morning as well.

https://www.sec.gov/Archives/edgar/data/1683471/000089418922004928/morgancreekliftliquidation.htm
497 1 morgancreekliftliquidation.htm MORGAN CREEK 497
Filed pursuant to Rule 497(e)
Registration Nos. 333-215588; 811-23226
Morgan Creek - Exos SPAC Originated ETF (SPXZ)
a series of Listed Funds Trust (the “Trust”)
Supplement dated July 20, 2022
to the Summary Prospectus, Prospectus and Statement of Additional Information
dated April 30, 2022
After careful consideration, and at the recommendation of Morgan Creek Capital Management, LLC, the investment adviser to the Morgan Creek - Exos SPAC Originated ETF (the “Fund”), the Board of Trustees of Listed Funds Trust approved the closing and subsequent liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders of record on or about August 18, 2022 (the “Liquidation Date”). Shares of the Fund are listed on the NYSE Arca, Inc.
Beginning on or about July 21, 2022 and continuing through the Liquidation Date, the Fund will liquidate its portfolio assets. As a result, during this period, the Fund will increase its cash holdings and deviate from its investment objective, investment strategies, and investment policies as stated in the Fund’s Prospectus and SAI.
The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period. Customary brokerage charges may apply to such transactions.
If no action is taken by a Fund shareholder prior to the Liquidation Date, the Fund will distribute to such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal to the net asset value of the shareholder’s Fund shares as of the close of business on the Liquidation Date. This amount will include any accrued capital gains and dividends. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of your shares may be treated as a taxable event. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation.
Shareholders can call 1-855-857-2677 for additional information.
Please retain this Supplement with your Summary Prospectus,
Prospectus and Statement of Additional Information for reference.

Thanks for the post @davidsherman. I've been a happy owner of RPHYX since it reopened in 2020 (waited years for that reopening :) ) and earlier this year started to invest in SPC. Being a new fund, the investment in SPC comes from trust in your money management and conservative capital preservation style.

https://www.sec.gov/Archives/edgar/data/1579982/000110465922080847/tm2221379d1_497.htm
497 1 tm2221379d1_497.htm 497
ARK ETF TRUST
ARK Transparency ETF (CTRU)
Supplement dated July 19, 2022 to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”) for ARK ETF Trust (the “Trust”) dated November 15, 2021.
This Supplement updates certain information contained in the Prospectus, Summary Prospectus and SAI with respect to the following series of the ARK ETF Trust: ARK Transparency ETF (the “Fund”). You may obtain copies of the Fund’s Prospectus, Summary Prospectus and SAI free of charge, upon request, by calling toll-free 855-406-1506, sending an email request to [email protected], or by writing to ARK Investment Management, LLC, 200 Central Avenue, St. Petersburg, Florida 33701.
At a meeting held on July 15, 2022, the Board of Trustees of the Trust unanimously approved the liquidation, winding down and termination of the Fund, which is expected to happen on or about July 29, 2022.
After the close of business on Thursday, July 21, 2022, the Fund will no longer accept creation orders, and after the close of business on Tuesday, July 26, 2022, the Fund will no longer accept redemption orders. The last day of trading of shares of the Fund on Cboe BZX Exchange (“Cboe”) is expected to be July 26, 2022. Shareholders should be aware that when the Fund commences liquidation, it will no longer pursue its stated investment objective or engage in any business activities except for the purposes of selling and converting into cash all of the assets of the Fund, paying its liabilities, and distributing its remaining proceeds or assets to shareholders (the “Liquidating Distribution”). During this period, the Fund is likely to incur higher tracking error than is typical for the Fund. Furthermore, during the time between market close on July 26, 2022 and July 29, 2022, shareholders will be unable to dispose of their shares on Cboe.
Shareholders may sell their holdings of the Fund, incurring typical transaction fees from their broker-dealer, on Cboe until market close on Tuesday, July 26, 2022, at which point the Fund’s shares will no longer trade on Cboe and the shares will be subsequently delisted. Shareholders who continue to hold shares of the Fund on the Fund’s liquidation date will receive a Liquidating Distribution (if any) with a value equal to their proportionate ownership interest in the Fund on that date. Such Liquidating Distribution received by a shareholder, if any, may be in an amount that is greater or less than the amount a shareholder might receive if they dispose of their shares on Cboe prior to market close on Tuesday, July 26, 2022. The Fund’s liquidation and payment of the Liquidating Distribution may occur prior to or later than the dates listed above.
Shareholders who receive a Liquidating Distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. Please consult your personal tax advisor about the potential tax consequences.
Shareholders should call the Fund’s distributor, Foreside Fund Services, LLC, at 855-406-1506 for additional information.
Please retain this supplement for future reference.
Also,
https://www.bloomberg.com/news/articles/2022-07-19/cathie-wood-s-ark-shutters-transparency-etf-in-first-closure

I hope this link will "translate" and appear here LIVE, properly. Here's a ton of statistics about NRDBY from TRP. These numbers are under the heading of "fundamentals." The stock is on my watchlist there, when I sign into my brokerage account.
**********
Edited to add: Nope, the scumbags won't let me cut-and-paste it. The link refuses to appear. I will transcribe it, below:
(By the way, the stock was up on Monday, 18 July '22 by over +6% on that Earnings "beat" from loan-interest growth.)
P/E. TTM. 8.88
P/S. 3.66
P/B. 0.98
Price/Cash Flow. 5.68
Quick Ratio = zero. (What is THIS?)
Current Ratio 0.68
Long Term Debt to Equity: 397.13
Total Debt to Capital: 86.66
Revenue Growth, 3 years: DOWN -6.89
EPS growth, 3 years: +24.54
EPS growth, 1 year: +76.94
Gross profit margin: zilch.
Operating Profit: 43.52
Net Profit Margin: 33.37
ROE. 11.59
ROA. 0.68
Return on Investment: 2.35
Asset turnover: 0.02X
Inventory turnover: zero.
These numbers DO specifically apply to the ADR. I dunno if this stuff will change anyone's mind about the stock. And of course, these metrics can look "ootsy" when applied to BANKS, specifically, compared to other sorts of companies.
......And don't forget the current dollar strength.....OK, then. As the old Texaco tv commercial used to tell us: "Happy Motoring!"

One way to "income average" is to literally sell over time. Say 10% each year. If it is income-generating land, then you could get 90% of the revenue when you retained 90% of the ownership and so on.
That's a little messy. A way to effect something similar is to make the transaction a seller-financed sale and collect installment payments. I would have thought that such a sale would be treated as two separate transactions - a competed sale now, and a mortgage where you are the lender.
But Congress (IRC § 453) long ago decided that for installment sales, capital gains would not be recognized until payments were made. Since the payments are made over several years, this becomes another way to spread the recognized capital gains over time.
IRS Topic 705 - Installment Sales
Form 6252 - Installment Sale Income
Pub 537 - Installment Sales

My experience with distributions (dividends) from European ADR holdings is that they tend to be quite erratic in amount and timing unlike the even sum quarterly distributions US stocks deliver.
For example here is the 5-yr history of dividends from NRDBY:
Mar 16, 2018 0.845 Dividend
2019 - none
Mar 26, 2020 0.446 Dividend
Feb 19, 2021 0.084 Dividend
Mar 25, 2022 0.781 Dividend
Bottom line is that dividends (if any) are what the company says they are if and when they feel like distributing one. Also, if you hold them in a taxable account they can be a nightmare come tax return filing time. You may or may not receive what you think you should because of foreign tax withholdings. I have held issues in a Roth account where the foreign tax is not withheld.

Barron's Midyear Roundtable has several fund ideas. LINK
COVER STORY, “What to Buy Right Now: 42 Picks from Barron’s (Midyear) ROUNDTABLE Pros”. A report card of prior hits/misses is also included.
Tod AHLSTEN/Parnassus CIO & PRBLX: VRSK, MMC, ICE, AMAT. Opportunities in the downturn.
William PRIEST/Epoch Inv Partners: TMUS, DTEGY, TSM, LSXMA, DE
Rupal BHANSALI/Ariel CIO: DIISY, BAP, BBSEY, BIDU, ELEZY, SNMRY, PM. Likes Lat Am & Europe over US; prefers dividend payors.
Henry ELLENBOGEN/Durable Capital: INTU, TEAM, DUOL. Likes quality-growth.
Abby Joseph COHEN/Columbia U: LG Chem, FANUY, BKNG, JWN. No recession in 2022 or 2023.
Scott BLACK/Delphi: CACI, CB. Shallow recession is already here (notable early projection). Avoid story stocks with low/no earnings. His SP500 earnings est $219 only.
Sonal DESAI/Franklin Templeton FI CIO: CPREX, FHYVX, GLFOX, EAPCX, FRIAX; ETF SRLN. No recession in 2022/H1 or 2023/H1, may be in 2023/H2.
Mario GABELLI/Gamco: CNHI, AJRD, HRI, BATRA, PARA, SBGI, DRQ, HAL. Mild recession. Despite volatility now, 2023/H1 looks promising for US, Europe, China.
Meryl WITMER/Eagle Capital: SLVM, DFIN, EEFT
David GIROUX/Price CIO & PRWCX: FTV, NXPI, GE, TEL. Mild recession. Overweight – IT, industrials; underweight – consumer-staples, utilities; leveraged-loans still OK.
Part 2 will mention some Japanese funds (feature by @LewisBraham). Edit/Add LINK2
FUNDS. After years of deflation, JAPAN is seeing some inflation due to high oil prices and supply-chain disruptions. The BOJ is continuing its easy monetary policy until the inflation target of +2% is met, and yen has collapsed. Japanese funds are attractive: GMAHX, HJPNX, MJFOX, PRJPX; ETFs EWJ, EWJV, DFJ.

@davidmoran: not sure what you mean by « CCOR? » A suggestion?

@BenWP - CCOR IS an ETF, Core Alternative . @LewisBraham described it as “interesting” several months ago. I’ve been tracking it since than. Looks inviting, but ISTM the daily volatility is unusually high for a conservative fund - although over weeks / months it looks quite tame. Fell by about 4% over several weeks recently and than gained that all back in a single day. I’d prefer to let others own this one.
“CCOR is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR focuses on high-quality US equities that offer current dividends.” Source

That is so true! Last year was bad for large cap growth funds with large capital gain distribution. In some case even they have a negative return year. Index funds would be a better option for taxable account. I have done that several years ago.

+1 David My bond wakeup call occurred in 1Q 2020, when BBBMX and TRBUX suffered IMHO significant losses which were erased with QE. When My fund holding PTIAX started declining in 2022, I said heck no-I'm not going through this again . Sold all my bonds and moved proceeds into Brokered CD's yielding 3-3.4%. Too much bond volatility for me!

I've owned JPM, BAC and PRU since the rubble of 2020. But if you're looking for something similar to Schwab, there is BK (Blackrock). For a little more sizzle, I'd look to where the folks with money like to hide it..MS,BX or BAM. Also, all are nice dividend plays. Not sure I'd do anything until earnings on financials provide a bit of visibility this week.

Thanks @sma3
What we've done over the years is to not withhold much tax from the monthly pension payments, knowing we will underpay for the year; but when pulling the RMD's for the IRA's in December, we withhold extra tax for these distributions. This maintains our tax obligation amount for the year; and we have a bit of extra money monthly from the pensions. Fidelity makes it easy to set how much Fed. and state tax to pull for the RMD distributions.
Thanks @msf
I'll look at your links, as I already have a few saved from the IRS site for further study. I'm going to peek inside last years tax program, too; for any guidance there. As this capital gains event will take place during the 3rd quarter, we don't have flex via earlier calendar periods to pay estimated taxes then. As we are retired, we don't have a method to withhold more taxes from employment income, for an offset.

Generally, with lots of exceptions, the IRS expects you to pay your taxes equally in each quarter. That should be pretty obvious, because otherwise everyone would skip their first three estimates and just pay everything on the last estimate.

For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each of the payment periods, you may be charged a penalty even if you are due a refund when you file your income tax return.

IRS Pub 505, When to Pay Estimated Taxes
As Yogi wrote, withholdings are usually considered evenly applied. But if it advantageous to do so (e.g. if your withholdings are front loaded), "you may choose to include your withholding according to the actual dates on which the amounts will be withheld." Pub 505, instructions for Worksheet 2-7, line 31.
However you choose to allocate withholdings, so long as you've paid in (estimates plus withholdings) of at least 1/4 of the total as of the first estimate deadline, 1/2 as of the 2nd estimate deadline, and 3/4 as of the third, the IRS doesn't care if these payments are even or not. However, if you back load the payments, the IRS does care. Unless your income was correspondingly back loaded.
If your income was, say $15K in the first quarter, $15K in the second quarter, $15K in the third quarter, and (due to YE divs and cap gains) $45K in the last quarter, the IRS will allow you to pay in roughly half of your taxes in the last quarter.
See Form 2210 for how the underpayment penalty is calculated, quarter by quarter. It has a Schedule AI (annualized income) where you can document how much income you received in each quarter. Based on those amounts, it adjusts how much you should have paid each quarter.
This is not the easiest form to fill out and requires fairly detailed bookkeeping (e.g. how much interest did your bank pay you in April and May?). Like Ben, I am not a professional, but I have tried this at home more than a couple of times. I found it something to avoid unless one's income is very uneven.
Still, it provides an escape in case you wind up with a lot of unexpected income in a quarter.

Stuff happens, eh? An unanticipated LT capital gains from a real estate transaction (land, not a primary residence) will take place in 2022. We're familiar and comfortable with processing the 2022 taxes at a federal and state level; for cost basis calculations and related. However, the dollar value will be significantly higher than normal and will have an impact upon our "taxes due"for 2022, versus a "normal" tax year. We do understand that line entry items for "traditional" taxable income, versus "LT capital gains" will have different impact(s) on the taxes owed; but will show up in the final math for taxes. A consideration is doing a "test" filing account in our 2021 tax program to obtain an idea of the Fed. tax burden.
We've begun to sniff around the internet for clues of the best path forward to avoid "underpayment/penalties". The IRS site offers information regarding doing calculations (what if scenarios) as to paying taxes before filing time via the 1040-ES. Numerous other online sites offer pieces of information as to a proper plan to avoid underpayment/penalties. A fairly common suggestion is to pay "110%" of ones prior year Fed. taxes now. We read these as a "good faith" gesture towards the IRS, that we know we'll need to pay more in taxes for 2022, but we're not yet sure of how much more. The "gesture" being a way to avoid an underpayment penalty.
Gross taxable income basis for the household arrives "only" from pensions, RMDs and SS. All other investment distributions are in IRAs; therefore, no taxable cap. gains are ever a part of our tax schedules. 2022 will be an non-normal tax filing year.
So, continuing to "sniff" around for a best path forward; which may likely contain paying estimated taxes before year end, for the full 2022 tax year.
Suggestions welcomed as to the best path forward, from your knowledge/experience.
Thank you.
Remain curious,
Catch

As TROW share price potentially slides further, pay attention to it's dividend payout.
At today share price ($113.51) it is paying a dividend of (4.14%). If they are able to maintain their dividend payout it seems like a good dynamic...income + potential capital appreciation.
So far their ownership in Rivian has not paid off. Anyone have any idea what else TROW "owns"?
t-rowe-price-stake-in-rivan-worth-10-billion
On the side of who own's TROW...many big Financials:

Thanks @Observant1. The more recent bear markets from 2000-2002 and 2008 had long recovery periods well beyond 12 months and more. That was including the Fed are cutting the interest rate multiple times. 2020 COVID bear market was an abnormality, and it should not be use as an example of quick recovery.

This week’s WEALTHTRACK guest is a well-known value manager known for her global and international investing. We’ll be joined by Sarah Ketterer, Chief Executive Officer of Causeway Capital Management. Ketterer will tell us why she believes we are entering a new investment era and discuss some of the “outstanding” investment opportunities being created in the process.

The Regular TDF did not have its own institutional class. It didn't even have Admiral shares. Below is an excerpt from the 2020 SAI for the funds.
https://www.sec.gov/Archives/edgar/data/752177/000168386320000191/f2353d1.htm
That's why Vanguard would had to have created a Regular TDF institutional class.
Edit: As I think about it, creating such a share class would have been problematic. Vanguard charged no management fees or any direct fees at all for these funds. The total ER came from acquired fund expenses. That's likely why Vanguard created a clone fund with lower expenses. The institutional clone cost less because it purchased less expensive shares of the same underlying funds. I don't know how Vanguard could create a share class of the retail series with lower charges than what the underlying funds were charging.

DESCRIPTION OF THE TRUST
Vanguard Chester Funds (the "Trust") currently offers the following funds and share 
classes (identified by ticker symbol):
Share Classes	 
Fund							Investor Admiral	Institutional
Vanguard PRIMECAP Fund					VPMCX	VPMAX
Vanguard Target Retirement 2015 Fund			VTXVX	—		—		 
Vanguard Target Retirement 2020 Fund			VTWNX	—		—
Vanguard Target Retirement 2025 Fund			VTTVX	—		—
Vanguard Target Retirement 2030 Fund			VTHRX	—		— 	 
Vanguard Target Retirement 2035 Fund			VTTHX	—		—
Vanguard Target Retirement 2040 Fund			VFORX	—		—
Vanguard Target Retirement 2045 Fund			VTIVX	—		—
Vanguard Target Retirement 2050 Fund			VFIFX	—		—
Vanguard Target Retirement 2055 Fund			VFFVX	—		—
Vanguard Target Retirement 2060 Fund			VTTSX	—		—	
Vanguard Target Retirement 2065 Fund			VLXVX	—		—
Vanguard Target Retirement Income Fund			VTINX	—		—	
Vanguard Institutional Target Retirement 2015 Fund	—	—		VITVX 	 	 
Vanguard Institutional Target Retirement 2020 Fund	—	—		VITWX 	 	 
Vanguard Institutional Target Retirement 2025 Fund	—	—		VRIVX 	 	 
Vanguard Institutional Target Retirement 2030 Fund	—	—		VTTWX 	 	 
Vanguard Institutional Target Retirement 2035 Fund	—	—		VITFX 	 	 
Vanguard Institutional Target Retirement 2040 Fund	—	—		VIRSX 	 	 
Vanguard Institutional Target Retirement 2045 Fund	—	—		VITLX 	 	 
Vanguard Institutional Target Retirement 2050 Fund	—	—		VTRLX 	 	 
Vanguard Institutional Target Retirement 2055 Fund	—	—		VIVLX 	 	 
Vanguard Institutional Target Retirement 2060 Fund	—	—		VILVX 	 	 
Vanguard Institutional Target Retirement 2065 Fund	—	—		VSXFX 	 	 
Vanguard Institutional Target Retirement Income Fund	—	—		VITRX