@dtconroe : For someone that uses CD's as much as you do, I would have thought that your ladder would have reached out a few more years.
Different strokes for different folks, Derf

Hi Derf, no I have not made a long term commitment to CDs as a long term investment option. I have used them in the past, and more recently, when they satisfied some investment objectives. When the rates change direction and start dropping below a base rate, then I prefer to re-evaluate other investing options. A short term ladder meets my needs for liquidity and flexible investing options. At 76, almost 77, I don't choose to go out very far on a CD ladder. Since retiring about 10 years ago, I have been moving much more toward a 4 to 6% TR goal, that allows me to preserve capital, by producing TR, which allows me to replenish principal, after RMD distributions each year. For several years I used a short term momentum based investing option, focusing on low risk bond oefs--I may choose to return to that investing approach as CDs mature, and if CD returns fall below 4% rates......"Different Strokes for Different Folks'

https://www.sec.gov/Archives/edgar/data/2013853/000158064224007455/newagealpha497s.htm
497 1 newagealpha497s.htm 497
NEW AGE ALPHA FUNDS TRUST
NAA Market Neutral Real Estate Fund (the “Fund”)
Class A (Ticker Symbol: GUMAX)
Class C (Ticker Symbol: GUMCX)
Institutional Class (Ticker Symbol: GUMNX)
Class P (Ticker Symbol: GUMPX)
Supplement dated December 9, 2024
To the Fund’s Prospectus and
Statement of Additional Information (“SAI”)
dated September 3, 2024 (as amended)
The Board of Trustees (the “Board”) of New Age Alpha Funds Trust (the “Trust”) has approved a Plan of Liquidation (the “Plan”) for NAA Market Neutral Real Estate Fund, which became effective on December 8, 2024. New Age Alpha Advisors, LLC (d/b/a New Age Alpha) (the “Adviser”), the Fund’s investment adviser, recommended that the Board approve the Plan due to the reduction in assets of the Fund following several large redemptions. Given the Fund’s reduced assets, it may no longer have a sufficient asset base to effectively use certain derivatives as part of its principal investment strategy. Additionally, the Adviser believes it will be unable to attract significant new investor interest to rebuild the Fund’s asset levels in the foreseeable future.
Given these challenges and business considerations, based on the Adviser recommendations, the Board has concluded that it is in the best interest of the Fund’s shareholders to liquidate the Fund. The Fund is expected to liquidate at the close of business on December 20, 2024 (the “Liquidation Date”).
Effective immediately, the Fund is closed to new and subsequent investments. As shareholders redeem shares of the Fund between the date of this Supplement and the Liquidation Date, the Fund may not be able to maintain its stated investment goal and other investment policies. Accordingly, the Fund may deviate from its stated investment goal and other investment policies during the period between the date of this Supplement and the Liquidation Date.
The Fund will declare a dividend to all holders of record on December 12, 2024 consisting of any undistributed income and capital gains (net of available capital loss carryovers). The dividend will be paid to shareholders on December 16, 2024, prior to the Liquidation Date, and will continue to be paid either in cash or in additional shares of the Fund, depending on each shareholder’s current election, as disclosed in the Prospectus. Any remaining shareholders on the Liquidation Date will receive a distribution of their remaining investment value in full liquidation of the Fund based on the instructions listed on your account. The sale or liquidation of your shares will generally be a taxable event. You should consult your tax advisor about your tax situation.
You should read this Supplement in conjunction with the Prospectus and SAI dated September 3, 2024, each as may be amended from time to time, which provide information that you should know about the Fund. These documents are available upon request and without charge by calling the Fund at (833) 840-3937 or at the Fund’s website at www.naafunds.com.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Not the 12 days of Christmas, but close:
Never Heard of "Tax Gain Harvesting"...seems like a good one and doesn't require a wash sale.

Consider Tax Gain Harvesting
If you’re in the 0% capital gains tax bracket, consider selling appreciated investments and repurchasing them to reset your cost basis higher at no tax cost.
Wash sale rules don’t apply to gain harvesting.
Tax gain harvesting could save you taxes in future years when your income might be higher.

Long-Term Capital Gains Tax Brackets Quick Reference (2024)
Filing Status----------0% Capital Gains-------15% Capital Gains-------20% Capital Gains
Single------------------------$0-$47,025----------$47,026-$518,900-----------Over $518,900
Married Filing Jointly-------$0-$94,050----------$94,051-$583,750---------Over $583,750
Head of Household--------$0-$63,000----------$63,001-$551,350----------Over $551,350
make-these-12-must-do-money-moves-before-the-end-of-the-year

Maybe 2008 and 2020 shellacked me into “Scared Straight” attitude that made me fearful of taking risks.
When markets are hot, I realize that markets generally go up, so best to stay fully invested. When markets start going down I think why didn’t I buy protection. Even when I am following disciplined strategy I can’t fully commit. For example, on day in 2020 I was watching VIX explode above 50 and bought double SPY and sold few hours later when VIX fell. Easy 9% for that trade, but not enough funds risked. “Most of the hedge funds on opposite side of my trade must be smarter than me”.

@catch22 - well Crash does hype his much younger wife so you know...
And I have nothing against the Capital Group whatsoever. I never bought them because my only option(s) were to pay the front end loads (self-employed and my boss was a cheapskate). I do hold quite a bit of CGDV.

@BaluBalu As to TLT, the I-Shares web site indicates a -1.09% YTD vs the M* data I use; which indicates for this week's numbers, as a -1.02% YTD. NOTE: TLT also had a December 2 monthly distribution. I do not go to each vendor page for performance data. I reply upon M* indicating the proper data, which is received from the fund company(s). Periodically, overnight data for performance does change in small amounts. I double check the numbers the next day (Saturday before posting) I adjust these are needed prior to posting what I believe are accurate numbers.
*** You didn't reply to the typo words you had asked about previous. Which words?

---Morningstar Total Return, per their description (copy/paste)---
Expressed in percentage terms, Morningstar’s calculation of total return is determined by taking the change in net asset value, reinvesting all income and capital gains distributions during that month, and dividing by the starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. We provide both current and month-end returns.
Note - Total Return (current) 4 Wk vs. Total Return (month-end) 1 Mo returns:
For the four-week time period only, current returns are week-based rather than month-based. Therefore, at the end of each month, you may notice the returns are slightly different for Total Return current - 4 Wk and Total Return (mo-end) 1-month. The rest of the time periods are not affected by this.
Benefits
Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads and redemption fees), preferring to give a clearer picture of a fund’s performance. The total returns do account for management, administrative, 12b-1 fees and other costs taken out of fund assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures.
Origin
Morningstar calculates total returns daily, using the raw data (NAVs, dividends, capital gain distributions) collected from fund companies. Formulas for total return are listed below. We provide both daily and monthly total return figures.
For funds with tickers, Current NAV reflects the price as of the close of business the previous day. For funds without tickers, Current NAV reflects the closing price as of two business days prior.

We owe much of our present financial independence to previous holdings of long-term Capital/American funds.

I have never seen a Fidelity fund that was NTF at Schwab. In fact, FBALX and FPURX have a $74.95 TF.
FWIW, CGBL is one of my larger holdings, pretty much since its inception. Also own CGDV. I like the Capital funds.

MFOP update to include price-based stats (PB-TICKER) is great, @Charles. Here are some data for 2 funds that are cousins - OEF PIMIX, CEF PDI.

Name,        SD,        MAXDD/Date,             Sharpe Ratio,    MFO Risk
PIMIX,         5.2%,     -10.8% / 09/2022,     1.07,                2
PDI,           9.7%,     -24.1% / 03/2020,     0.97,                3               (NAV based stats)
PB-PDI,       14.8%,     -31.9% / 03/2020,     0.61,                4               (Price-based stats)

Price impacts are what CEF holders experience. Fund managers worry about NAVs only.

The R-class of American funds have the lowest ER, no front load and 12-b-1 fee. Unfortunately they are only available in 401k) and 403(b) plan without advisors, and not at brokerages.
This year CGBL leads the pack of moderate allocation ETFs. Bear in mind that CGBLhas a higher stock allocation, 70%, and only 30% in bonds. Other funds in the same category such as VG Wellington and TRP Capital Appreciation have % allocation closer to 60/40 stocks/ bonds. The stock portion of CGBL has considerable overlap with CGDV that I invested in. Otherwise, it is the expensive American Balanced offering with ER 0.39%.

You might try comparing it to ABALX which is an OEF offered by the Capital Group

NOTE:

My intention, at this time; is to present the data for the selected bond sectors, as listed; through the end of the year (2024). This 'end date' will take us through the U.S. elections period, pending actions/legislation dependent upon the election results, pending Federal Reserve actions and market movers trying to 'guess' future directions of the U.S. economy. As important during this period, are any number of global circumstances that may take a path that is not expected; and/or 'new' circumstances. In the 'cooking pot' we currently have the big ingredients of the middle east and also, how much damage Ukraine may inflict upon Russia and the response.

FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E December 6 , 2024..... Bond NAV's DECENT gains
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'most bond sectors 'HAD DECENT GAINS ' for this week's pricing. Many bond sectors were very positive each day of the week. All durations swapped pricing placing on various days of the week. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, December 2 - December 6, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.44% yield (Down .01 for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a +/- of .01% basis in yield for the week. MM's yields were basically FLAT for change, more or less, for the week.................
--- AGG = +.45% / +3.51% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.12% / +5.61% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = +.21% / +3.88 % (UST 1-3 yr bills)
--- IEI = +.30% / +2.95% (UST 3-7 yr notes/bonds)
--- IEF = +.39% / +2.06% (UST 7-10 yr bonds)
--- TIP = +.24% / +3.67% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = +.16% / +5.02% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = +.18% / +4.79% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = +.33% / +1.17% (UST, long duration TIPs bonds, PIMCO)
--- TLT = +.80% / -1.02% (I Shares 20+ Yr UST Bond
--- EDV = +1.20% / -3.25% (UST Vanguard extended duration bonds)
--- ZROZ = +1.56% / -5.13% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = -1.60% / +9.7% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = +2.37% / -19.35% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = +.41% / +4.05% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- USFR = +.08% / +5.08% (WisdomTree Floating Rate Treasury)
--- LQD = +.48% / +4.13% (I Shares IG, corp. bonds)
--- MBB = +.35% / +3.49% (I-Shares Mortgage Backed Bonds)
--- BKLN = +.14% / +7.94% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = +.28% / +9.11 % (I Shares High Yield bonds, proxy ETF)
--- HYD = +.15%/+6.27% (VanEck HY Muni)
--- MUB = +.27% /+2.91% (I Shares, National Muni Bond)
--- EMB = +.75%/+8.75% (I Shares, USD, Emerging Markets Bond)
--- CWB = +.08% / +15.15% (SPDR Bloomberg Convertible Securities)
--- PFF = -.71% / +10.41% (I Shares, Preferred & Income Securities)
--- FZDXX = 4.44% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch

I have not mentioned MMs, where I have been holding a large chunk of my maturing CDs. I have chosen to use the highest yielding MMs at Schwab, which holds a broad range of investing categories, including US and foreign government and corporate sources. SNAXX and SWVXX are paying about .25% more than Bank CDs through Schwab. Those MMs are very liquid and have been dropping slowly, but at least offer a short term earnings advantage over CDs. Again you get into a guessing game about where rates are heading, and you have to be confident/comfortable with these more "diversified" MM investments. If you opt for safer US Government based MMs, you are pretty much mirroring the noncallable CD rates. In 2023, I opted to move a large chunk of my Schwab Taxable money to Capital One CDs, but as those Capital One CDs mature, I am now considering moving that CD money back to Schwab, where I can find more attractive investing returns. With my IRA money at Schwab, I hold SNAXX which offers much better rates than I can get with CDs--but for "how long" is the question.

@stayCalm,
Let us know if you are able to buy EMPIX.
In this space, two or three funds may not provide meaningful diversification. For the most part, when XXXX hits the fan, they all go down together but I do acknowledge some historic idiosyncratic moves specific to each fund, which is not very often.
For the sake of lurkers, I must repeat that capital preservation can be secondary in this space and pre-2023 performance is nothing to write about.

It was amusing to read that capital preservation is secondary for a fund that touts to be a bond fund (of any kind). Admire the manager's honesty. That is full disclosure for you.

I would have picked “ZEN” instead of “ROAR” for a catastrophe insurance fund!. Any one interested in this fund should read its objective:
“The primary investment objective of the Brookmont Catastrophic Bond ETF (the “Fund”) is to seek to generate current income with a secondary objective of capital preservation.” [Bold added]
Return of investment is secondary.

It's been a solid performer, but yes.... very highly concentrated.
Top 10 Holdings
(as of 09/30/2024) % of Net Assets
Cash & Cash Equivalents 25.40%
Ross Stores 9.11%
AutoZone 9.01%
Arch Capital Group 6.29%
O’Reilly Automotive 6.09%
Cummins 5.43%
Mastercard 4.61%
Domino’s Pizza 4.45%
TJX Companies 4.15%
Visa 4.00%
I recall mention that they could possibly close this fund once it hits $1B AUM, which it now approaches.

https://www.sec.gov/Archives/edgar/data/1281790/000116204424001335/frankfundswesthillsliqsupple.htm
497 1 frankfundswesthillsliqsupple.htm
West Hills Core Fund
LEBOX
a series of the Frank Funds)
Supplement dated December 3, 2024 to the Prospectus,
Statement of Additional Information ("SAI") and Summary Prospectus dated November 1, 2024.
On November 26, 2024 the Board of Trustees (the "Board") of Frank Funds (the "Trust") determined that it is in the best interests of shareholders to liquidate the West Hills Core Fund (the "Fund"), a series of the Trust, following a recommendation by the Fund's investment adviser, Frank Capital Partners, LLC. The Board has determined to liquidate the Fund with the liquidation payment to shareholders expected to take place on or about January 3, 2025 (the "Liquidation Date").
Effective at the close of business on December 30, 2024, the Fund will not accept any purchases and will no longer pursue its stated investment objective. The Fund may begin liquidating its portfolio and may invest in cash equivalents, such as money market funds, until all shares have been redeemed. Any capital gains will be distributed as soon as practicable to shareholders. Shares of the Fund are otherwise not available for purchase.
Prior to the Liquidation Date, you may redeem your shares, including reinvested distributions, in accordance with the “Redeeming Fund Shares” section in the Prospectus. Unless your investment in the Fund is through a tax-deferred retirement account, a redemption is subject to tax on any taxable gains. Please refer to the “Dividends, Distributions and Taxes” section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation.
Any shareholders who have not redeemed their shares of the Fund prior to the Liquidation Date will have their shares automatically redeemed 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 directly or the Fund at 1-866-706-9790.
This Supplement and the Prospectus, SAI and Summary Prospectus dated November 1, 2024 provide relevant information for all shareholders and should be retained for future reference. The Prospectus, SAI and Summary Prospectus have been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of each can be obtained without charge by calling the Fund at 1-866-706-9790.

@BaluBalu

I look at its chart and can not figure out why it does not get love in this forum. Any thoughts? Looks better than FBCG to my eye.

Lots of choices in large growth, be it etf's, mutual funds or an index. A LOT of choices period when looking at all market areas.
Since FBCG (Fidelity Blue Chip Growth) inception in June, 2020 vs TMFC, FBCG is +133.6% and TMFC is +126.5%.
Notes about this sector indicate 869 offerings now vs 476, 15 years ago. FBCG is an active managed etf, TMFC is set against an index.
For our house, if we can have an investment that is a Fidelity product and compares equal to another vendor product, we will choose Fidelity.

Bump-up.
It turns out my selling FNMA was right, at least for today when a lot of Trump trades are giving back some of the gains. And back to MAGS!