ARGFX Ariel Growth seems to be some special kind of small cap value fund. If anyone can explain it to me I would appreciate it. I don't really get it, but when the market tanks, when small cap value should decline less, this find always seems to lose more than the market. In 2008, I don't have the numbers handy, but I bet it declined by 70% or even more in a few months time. At the same time it is capable of outsize gains on the upside. Very volatile. They do hold stocks with lower than average PE's but there is something about their style that is not at all advantageous in down markets.

JG: VERY impressed that you would start a thread to point up your LOSSES!. How refreshing to see honest, full disclosure by a poster. Congrats to YOU!
Actual YTD TRs:
MSEGX -0.93%
ARTYX -2.99%
FSEAX +1.08%
MACGX +0.57%
As I trust you know...
These are all great funds in areas that should do well this year (and likely beyond though EMs are a trading category for me.)
Apparently, based on your YTD TRs vs Actual YTD TRs, your BUY timing was bad and likely worsened by having dumped in rather that DCA'ing in. (Forgive me for my candor and if I'm wrong on that.)
I know it's painful/stressful to see losses like that. Take heart though if you went into these for the long haul. They will recover. With the daily moves we've seen in these funds, know that your TR losses can be erased in them in just a couple of days.
Positive spins:
Well first, a reminder of the legendary advice of a former M* poster, "Volatility is the price you pay for growth."
I always try to see a positive in my goofs. On these, I'd be telling myself that I learned my lesson that with high fliers like these, I MUST ensure that I will treat them like individual stocks in the future and ALWAYS DCA into them over a period of at least a couple of months.
Disclaimer: I own three of the listed funds. I either owned the full positions in 2020 or finished DCA'ing into them in early 2021. My YTD TRs therefore are/are closer to their actual TRs.
Aside: Hang in there JG - you did very well with your selection process but just didn't execute the BUY process to your best advantage. Looking forward to the day this year when you post how much you are UP on each of these.

@JonGaltill - I started investing in the ARK funds mid-2020 so I guess you could say that those are the ones I like. BUT, the Fidelity offerings are new and some folks are just more comfortable with mutual funds v. ETF's. Here is what Fidelity is offering and you will notice similarities to ARK's funds. I guess it all depends on what an investor is most comfortable with and where one thinks they see opportunity. I get my leads from my 30-40 year old children along with a boat load of their friends and associates, what they use and what they get excited about.
1) Fidelity® Disruptive Automation Fund (FBOTX) - Invests in companies leading the way in automation, from industrial robotics to artificial intelligence and autonomous driving.
2) Fidelity® Disruptive Communications Fund (FNETX) - Invests in companies changing the way we connect and communicate, from social media to 5G-related digital infrastructure and the internet of things.
3) Fidelity® Disruptive Finance Fund (FNTEX) - Invests in companies helping to deliver more efficient and customized financial solutions, such as digital payments and internet banks.
4) Fidelity® Disruptive Medicine Fund (FMEDX) - Invests in companies that are transforming medical diagnostics, therapies, and services, from gene therapy to robotic surgery and digital health platforms.
5) Fidelity® Disruptive Technology Fund (FTEKX) - Invests in new technologies such as companies delivering cloud computing, harnessing big data, and transforming consumer experiences through internet and mobile platforms.
6) Fidelity® Disruptors Fund (FGDFX) - Brings together 5 disruptive themes—automation, communications, finance, medicine, and technology—in a single fund.

JASVX has a mix of structured credit. Per JAN-2021 Fact Sheet:
RMBS (26.4%)
CORP (18.9%)
CLO/CDO (16.3%)
Cash (14.4%)
CMBS (13.5%)
Govt (8.0%)
In it's short 30 month life, JASVX has had only 1 negative calendar month (-6.3% in March-2020).
Bucking the trend so far this year, it has managed a +2.6% return YTD. It had posted +9% and +13.7% returns in the prior 2 calendar years.
Would I be performance chasing if I slanted my Bond allocation towards this fund? Is this the type of fund that could easily implode if the U.S. housing situation falls apart?
Any comments appreciated.

MWFSX performance continues to lag and relates to lower daily distributions.
Its performance for 1-4-12 weeks per M* Multi category is 85-97-88. Basically, it's in the bottom 15%-3%-12%.
The last several distributions are:
As of Date Ticker Dividend Rate Accumulated Dividend Rate
8/9/2020 MWFSX 0.001256647 0.012160065
8/8/2020 MWFSX 0.001256647 0.010903418
8/7/2020 MWFSX 0.001256647 0.009646771
8/6/2020 MWFSX 0.001189266 0.008390124
8/5/2020 MWFSX 0.001149859 0.007200858
8/4/2020 MWFSX 0.001163833 0.006050999
8/3/2020 MWFSX 0.001201751 0.004887166
Reminder: just several weeks ago in July the dist were 2-3 times higher.
At 0.0012 per day it's about 4.4% annually. I'm taking it off my list.

We discussed this fund last August. Its performance lagged several funds I follow by a lot. All these bond funds are mostly in securitized,

"that income level [to qualify for a 2021 Covid recovery rebate check] is based on their 2019 tax returns"
There's a lot of conflicting information floating around, including from news organizations, so don't be surprised if any particular description, including this one, is not quite correct.
Here's HR 1319, The American Rescue Plan of 2021. You can find the relevant text in Subtitle G, Part 1 - 2021 Rebates to Individuals, starting on p. 441.
https://www.congress.gov/117/bills/hr1319/BILLS-117hr1319eh.pdf
In general, initial checks ("Advance Refund and Credits", p. 447) are based on 2019 returns. But if at the time the IRS figures out how much to send you, it has your 2020 return, the initial check amount will be based on your 2020 return. ("Application to 2020 Returns Filed at Time of Initial Determination", p. 449.)
Regardless, if your 2020 return indicates you should get more (and you've filed it within three months of the tax filing deadline or Sept. 1 whichever is earlier), you'll get an additional check. ("Additional Payment", p. 449.)
But wait, there's more. This third payment, like the other two is merely an advance against a refundable tax credit. If your 2021 income qualifies you for a larger credit, you'll get the difference when you file your 2021 tax return.
To summarize:
1. Initial check based on 2019 return unless IRS has 2020 return in time to base amount on that return.
2. Second check based on 2020 return to make up the difference if your first check was based on a higher 2019 income.
3. Whatever you receive from #1 and #2 you get to keep.
4. If on your 2021 income you qualify for a larger credit, you get that as well.
Effectively, the amount of your check and/or credit is based on the lowest income in 2019, 2020, and 2021.
Ron Johnson made sure that it was all read out loud because "we should know what's in the bill." What, you mean you weren't watching C-SPAN for ten hours?

https://www.sec.gov/Archives/edgar/data/893730/000089373021000004/supplement_20210308.htm
497 1 supplement_20210308.htm
SUPPLEMENT DATED March 8, 2021
TO SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
Integrity Energized Dividend Fund (the “Fund”)
Class A: NRGDX
Class C: NRGUX
Class I: NRIGX
Summary Prospectus, Prospectus, and SAI dated November 30, 2020
The Board of Trustees of the Integrity Energized Dividend Fund (the “Board”) has determined that it is in the best interests of the Fund and its shareholders that the Fund be liquidated and terminated. The Board has determined to redeem all outstanding shares of the Fund and then close the Fund on or about June 30, 2021 (the “Termination Date”).
Effective immediately, the Fund may no longer pursue its stated investment objectives, will begin liquidating its portfolio and may invest in cash equivalents such as money market funds. The Fund remains closed to additional purchases.
You may redeem or exchange your shares, including reinvested distributions, prior to the Termination Date, and you will not be subject to the Fund's contingent deferred sales charge. Additionally, if you are exchanging into a different Integrity Viking Fund you will not have to pay any initial sales charge. Any shareholders who have not redeemed or exchanged their shares of the Fund prior to the Termination Date will have their shares automatically redeemed at the net asset value per share as of that date, and proceeds will be sent to the address of record. If you have questions or need assistance, please contact your financial advisor or call the Fund's Shareholder Services Department at (800) 601-5593.
A redemption or exchange is generally considered a taxable event. You may wish to consult your tax advisor about your particular situation.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

When you wish upon a star.....

Then came another sort of awakening. Wood was raised Catholic and considers herself a person of faith. She reads devotional literature and attends church. In 2006, when the housing bubble was not yet at its peak, Wood thought it was about to burst. She dramatically reduced the risk in her portfolios, and lagged behind the market. “A thousand basis points of underperformance was embarrassing,” she recalls.
When she spoke to her spiritual advisers, however, it came to her: “You cannot worship any idol, and the benchmark has become an idol.” The next year, she made back much of the loss. But in prayer and meditation, she had the following revelation: “Benchmarks are all about successes in the past. God doesn’t want us to be stuck in the past. He wants us to move into the new creation.” That’s when she knew she had to start her own company: “I felt that a start-up could go out there and spread that message very loudly,” she says, “We were putting all our chips on the table.” In 2014, Wood left Alliance Bernstein and launched her firm.
Wood named it for the Ark of the Covenant, a chest that in Jewish and Christian tradition holds the tablets bearing the Ten Commandments, although she told clients later that it was an acronym for Active Research Knowledge. She was on a mission to allocate capital to its best use—transformative technologies.

https://www.bloomberg.com/news/articles/2021-03-05/etfs-show-balance-is-shifting-in-favor-of-emerging-market-stocks
ETF Buyers Prefer Emerging Stocks Over U.S. Shares, Gold, Bonds
**Fund buying EM stocks heads for biggest inflows in two years
Earnings outlook, relative valuation back case for EM stocks
If capital flows into U.S. exchange-traded funds are any indication, investors have begun to favor emerging-market stocks over almost every other asset class -- including U.S. equities...
Another interesting idea, EM could be good vehicle to invest med long term

I agree with @Stillers in that “conservative allocation fund” might dictate something more conservative than many suggestions here for @sma3’s sister.
I’d begin by asking her how big a drawdown she’d be comfortable with over a 1-3-year period. If inclined to pull the money out after a 10% downdraft, than funds like PRWCX wouldn’t be a good choice. I think Giroux is a bit optimistic in his recent annual report when he states his fund’s second goal: “Preserve shareholder capital over the intermediate term (i.e., three years)” - But hats-off to a manager willing to be that specific. Not many are.
In looking forward to the day when I may no longer want to monitor, or even think about, my investments, I have my eyes set on PRSIX. Recently opened a small position in the fund. Yes - bond holdings in any fund are concerning. The good managers, however, diversify those into varying durations, varying credit risk and EM markets. Some employ hedging tactics as well. So don’t judge the book by its cover.

There's a bit of truth to that BUT that income level is based on their 2019 tax returns. The question becomes how many of those folks still had that level of income in 2020? How many lost their jobs and are still w/o work or are working for far less than they made before? How many are facing foreclosures or evictions, standing in food lines, going without adequate health care and stressing about which bills they shouldn't pay this month? How do you make them prove it?
I would agree with you that a 2 person family making $100K+ probably doesn't need it but once you start to add in children where's the cutoff? I don't believe a college kid being supported by their parents needs a check either. If they are on their own then sure.
If you have any good suggestions on how to fix the line I'm sure the government would be willing to hear from you.

Actually a closed-end fund, and how much of that yield was return of capital ?

https://seekingalpha.com/article/4411564-fsd-stable-absolute-return-bond-fund-monster-yield
Summary
The biggest problem facing retirees today is an inability to generate reasonably stable income.
FSD is an absolute return bond fund that boasts a remarkable 8.7% yield.
The fund is well positioned to benefit from rising interest rates due to its short position in US Treasuries.
The fund appears to normally cover its distribution, although it did fail to in 2020 due to some of the uniqueness of that year.
The fund currently trades at a fairly attractive discount to net asset value, so the price appears to be right.....
will look at this vehicle further

related
Don't stop believing in bonds
MarketWatch
...And once you factor in a person's human capital, which Page argues acts more like a stock than a bond, a balanced portfolio with a healthy allocation...
https://www.marketwatch.com/story/dont-stop-investing-in-bonds-2021-03-04
Appears many folks still love bonds for diversification purpose/safety. The 20million dollars question [maybe] is how much should you be in bonds. For us about 20%, still have 15-20 yrs left before retirement.

update:
https://www.sec.gov/Archives/edgar/data/1032423/000103242321000063/cchysupplement-03052021.htm
497 1 cchysupplement-03052021.htm 497
DIAMOND HILL FUNDS
Diamond Hill Corporate Credit Fund
Diamond Hill High Yield Fund
(All Share Classes)
Supplement dated March 5, 2021
to the Prospectus, Summary Prospectus and Statement of Additional Information
dated February 28, 2021
A Special meeting of Shareholders of Diamond Hill Corporate Credit Fund and Diamond Hill High Yield Fund (each a “Fund” and collectively the “Funds”) is expected to be called on June 11, 2021, at 10:00 a.m. Eastern Time, to approve Agreements and Plans of Reorganization (each a “Plan” and collectively the “Plans”), which provide for the acquisition of all the assets and liabilities of the Diamond Hill Corporate Credit Fund by the BrandywineGLOBAL—Corporate Credit Fund in exchange for shares of beneficial interest of the BrandywineGLOBAL—Corporate Credit Fund and for the acquisition of all the assets and liabilities of the Diamond Hill High Yield Fund by the BrandywineGLOBAL—High Yield Fund in exchange for shares of beneficial interest of the BrandywineGLOBAL—High Yield Fund. Each acquiring fund is a series of Legg Mason Partners Equity Trust.
On February 3, 2021, Diamond Hill Investment Group, Inc. announced that Diamond Hill Capital Management, Inc. ("Diamond Hill" or “Adviser”), its independent active asset manager subsidiary, had entered into a definitive agreement to enable Brandywine Global Investment Management, LLC (“Brandywine Global”), a specialist investment manager and subsidiary of Franklin Resources, Inc., to acquire the business of Diamond Hill’s high yield-focused High Yield and Corporate Credit Funds. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including fund shareholder approval. Portfolio managers John McClain, CFA, and Bill Zox, CFA, will join Brandywine Global as part of the transaction.
No sales loads, commissions, or other similar fee will be charged in connection with the fund reorganizations. Neither fund will bear any costs of the reorganizations. The costs of the fund reorganizations will be borne by Diamond Hill, Brandywine Global or their affiliates.
The Diamond Hill Corporate Credit Fund and the Diamond Hill High Yield Fund will as soon as practicable prior to the closing date of the reorganizations, declare and pay to the shareholders of record of each respective fund, one or more dividends so that each will have distributed substantially all of the sum of (i) its investment company taxable income and (ii) its net tax-exempt income, if any.
Only shareholders of record as of the close of business on March 31, 2021 are entitled to notice of, and to vote at, the Special Meeting. The Proxy Statement/Prospectus, Notice of Special Meeting, and the proxy card are first being mailed to shareholders on or about April 13, 2021.
If shareholders of both funds approve the Plans, the reorganization is expected to occur on or about July 30, 2021, or such other date as the parties may agree. If shareholders of either fund do not approve the Plan for that fund, neither fund reorganization will occur, you will remain a shareholder of your fund, and the Adviser will consider whether to recommend an alternative plan to the Board of Trustees of Diamond Hill Funds.
This document is not an offer to sell shares of either the BrandywineGLOBAL—Corporate Credit Fund or the BrandywineGLOBAL—High Yield Fund, nor is it a solicitation of an offer to buy any such shares or of any proxy.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

The PM at PVCMX, Palm Valley Capital wrote a recent commentary on his investment blog. He be liking the miners...states yes, they are volatile and maybe Energy stonks getting ahead of themselves.
FWIW, Best,
Baseball Fan

https://www.sec.gov/Archives/edgar/data/894240/000089418921001399/monetta497e.htm
497 1 monetta497e.htm MONETTA 497E
Filed pursuant to Rule 497(e)
Registration Nos. 033-54822; 811-07360
MONETTA YOUNG INVESTOR GROWTH FUND (MYIFX)
(formerly known as Monetta Core Growth Fund)
a series of Monetta Trust
March 5, 2021
Supplement to the
Summary Prospectus, Prospectus, and
Statement of Additional Information (“SAI”),
each dated April 30, 2020
_____________________________________________________________________________________
Effective April 30, 2021, the name of the “Monetta Core Growth Fund” will change to the “Monetta Young Investor Growth Fund”.
There are no changes being made to the investment objective, policies, or strategies of the Fund, and the current portfolio managers will continue to manage the Fund subject to the Fund’s current investment objective, policies, and strategies.
All references in the Summary Prospectus, Prospectus, and SAI to “Monetta Core Growth Fund” are hereby replaced with “Monetta Young Investor Growth Fund”.
Please retain this Supplement for future reference.

Technical analysis for gold futures - Can the bears be stopped?
https://www.kitco.com/news/2021-03-04/Technical-analysis-for-gold-futures-Can-the-bears-be-stopped.html
Technical analysis for gold futures - Can the bears be stopped?
**The daily gold chart is showing that the price is in a strong downtrend at the moment. All hope is not lost for gold bugs as there are some decent support levels close by. The red support level at $1676.60/oz was an important level in the past. It was here that in March 2020 the price hit some strong resistance and when it did finally break it was used as a support level before a subsequent move higher.**
Gold looks attractive again, resistant level maybe at < 1680 but who know may drop to < 1500 since we have bitcoin.

Latest on ARK . https://finance.yahoo.com/news/why-cathy-woods-once-hot-ark-innovation-etf-has-lost-all-its-2021-gains-185620392.html
Stay safe, Derf

Here’s a good article that looks into this topic: https://humbledollar.com/2020/06/farewell-yield/
From the article:” That brings me to an idea advanced in 1989 by the late Peter Bernstein. Instead of the classic balanced portfolio with 60% stocks and 40% bonds, perhaps investors should opt for 75% stocks, with the other 25% in cash investments like money market funds and high-yield savings accounts. Bernstein found that the latter investment mix had a similar risk level to the classic balanced portfolio, but higher returns.”