I think one thing that some miss is that the lower income folks have less of a need to max out their 401k vs. other options for savings. I'm a single guy who makes a little over 50k. My marginal tax rate is 12% with long term capital gains at 0%. I invest in my 401k only enough to get the full employer match, then turn to fully funding a Roth IRA. At such a low tax rate, I am happy to pay taxes now and not have to worry about such in the future, and I maintain the flexibility to pull the money out, with no fees etc, if some disaster happens. After I fund my Roth IRA, I then simply put any extra money into a regular brokerage account. I would only consider putting more money into a 401k, after I have a sizeable chunk of money in my regular brokerage account.
A married couple making 90k would probably find themselves in a similar situation where maxing a 401k may not be the best option even if the money could be spared.

In choosing one fund you may be getting broad diversification in portfolio equity holdings, but you are getting only one of these: management philosophy, prospectus objective, asset allocation, cap gains liability, hedging strategy or not, fund family culture, risk tolerance, volatility, business cycle "out of favor" risk ,income producing capability, long term track record (or not w new concept), sharpe ratio capabilities, beta, Max Drawdown historical tendancies. Each fund is different like each child is different. My 2c......I like the Vanguard fund Family alternatives, but I like some fund diversification more.

@msf great response.... I do invest in many muni bonds mostly universities airport sprt complexes hospitals cities infrastructure etc.. I also buy good grade securities big companies like t-mobile Seagate att boa Merrill Lynch hcahealthcare macys Ford gm united airlines chevron Corp bonds... Due diligence reasearch and ready to sell at any given moments if you smell any blood in water... Very lucky for me no defaults for me over the past 8 9 yrs but you will never know...although many bonds called and you get a lesser rewards if they are called... Make suryou read tones stuff articles research about bonds before buying before buying these bonds... Like mf investments spread them out and don't put all your eggs in one basket.. Put in many baskets and buy multiple in different vehicles differently structures as and investment vehicles and utilities...
Lucky for me fid not pull trigger for Pg&e or peutoruco after the storms hurricane otherwise may face another bankruptcy loss capital incomes (ytm was 12-15% too high) ... If the yieare too high and looks too good bonds may not be to good and I tried stay away

Hi @hank: While my sleeve system seems complex to some ... it is really quite easy to manage. Besides, if I started selling off mutual funds to reduce their numbber I've have a really large tax bill form realized capital gains from the sell proceeds. About 60% of my consolidated portfolio is in taxable accounts. Remember, one of my investment positions and largest (Franklin Income) goes back to my early teenage years; and, my second largest (Income Fund of America) goes back a good number of years as well.
My father's broker was a pretty wise person. I remember him telling me that these funds will give you exposure to both stocks and bonds. Plus, they generate good income. And, income never goes out of style.

Hi @MikeM:
Thanks for making comment.
It all boils down to managing risk. The type of fund you reference was not around back in the 80's when I began to invest family money via the sleeve system. With this, I've kept my system in place. And, yes I enjoy it. Plus, I beleive that it puts more coins in my pocket over a more simple strategy. And, agreed ... it is probally not suited for the average retail investor. However, in my system if a fund falters there are others within the sleeve that can continue to propel the sleeve. Thus it diversifies manager, strategy and fund risk and spreads it over many.
My high school buddy who by profession was a successful engineer today uses one bond fund and one equity fund and rebalances between a 40%/60% allocation based upon his read of the markets. At times, his performance leads mine and at time mine leads his. He has to sell securites to meet his withdrawal distribution needs while I do not as my portfolio generates the necessary income to meet distribution needs plus leaving some for future investment purposes. Both portfolio's are about the same size and distributions needs are about the same. His portfolio has a yield of about 2.1% while mine is about 3.2% plus both portfolios produce fund capital gain distributions which I take in cash and which he reinvest all fund distributions. I have suggested, to him, that he take all fund distributions in cash and stop the automatic reinvestment process since he is now in the distribution phase of investing.
It all boils down to what works best for each of us as being the best route for each one of us to travel.
I wish you continued "Good Investing" in the years to come.
Skeet

@shipwreckandalone
https://www.google.com/search?q=Google+book+invest+bond&oq=Google+book+invest+bond&gs_l=mobile-heirloom-serp.12...4360.13206.0.14009.24.19.0.5.5.0.183.2441.1j18.19.0....0...1c.1.34.mobile-heirloom-serp..9.15.1486.jbvUOXro7Kk
Hi sir/mam
Not Ted but investing in private corp/muni bonds for quite while
I usually buy bbb- bonds or higher (sometimes bb+ too) do diligence resreach s on cusip before buying. Check company data sheets and devaluation ovtime if companies high risks for default. Google the cusip and if several etf or funds hold the bond you know that bond maybe good to buy
If you do it for a few years you will get 'hangs of things'
Read at least 3 or 4 books about bonds before buying... At least this is what I did
Best thing about buying private Corp or muni bonds you don't have pay annual fees and you can sell Anytime.
Ted gave a great example hzt Corp grading is bad but the cusip has many etf and funds holding the Corp bond. I also set up a junk Gmail account and place google.com/alerts w 'hertz bankruptcy' title search engine to that Gmail acct. You will get tone junk emails and you will know quickly if you need sell bond or not if any fishy comes up.
I buy Corp or munis bonds from Vanguard Merrill edge or schwab. Schwab has Corp very safe all bbb- or higher and Vanguard has many bonds include high risks defaults bonds (I tend to stay away from those)
You can do diligence research w/company evaluations w schwab research (probably one of best research engines in market stick research) before buying bonds...
You may consider buying just few bonds and see how they do at first.
Most bonds take at least 1k to 5k to 10k to buy (plus 10 or 20dollars commissions one time fees) . Some good corp bond you think may never bankrup (one time I found) has at least 250k to buy - I could never touch this bond not enough $$ lol. Great bout bonds u never worry about additional fees., good hedge to put in Corp bonds instead of cash, and if u choose safe Corp bonds you maybe sleeping better at night not too much worrying.
One question I always ask myself is 'is it better to buy 10k of Att Corp bond which yield for 6%over 10or 20+ years or buy Sp500 etf which you will never know yields but risks higher... So the simple answer maybe owing both and owe both vehicles.. You know ATT CORP will never bankrup do its like having cash
I am 45 yo but have about 20 or 25 %of portfolios in private corp bonds
Worst thing about corporate individuals bonds are you have to pay capital income taxation to irs and every year you will have to Pay because if Sp500 went down by 20% you do always make 6% from att coupons rate yield
I had total 3 or 4 defaults bonds and loose all $$capital on the bonds in 2009 and 2010 - I did not know much back then and was too greedy bought b graded bond (which is very badly graded was yield 20%annually)... These bonds belly up over next few yrs and loose all $$... Credit crisis years so lots small companies went out business
I never buy private reasury bonds Yields so low plus I have 401k at work and part of my portfolio has Treasury automatic placed in it already
Good luck

@JohnN: The Hertz Bond is a slam dunk some small capital appreciation, bought at slight discount, plus a 7.375 yield who could ask for anything more.
Regards,
Ted

“Fidelity Women’s Leadership Fund will seek long-term growth of capital. The plan is to “invest primarily in equity securities of companies that prioritize and advance women’s leadership and development.” One woman on the senior management team qualifies a stock for inclusion, as does having one-third of the board be women or, more generally, having policies designed to attract, retain and promote women. ... The fund will be managed by Nicole Connolly.” (from David’s commentary.)
Are we at the point in society where it matters which gender your CEO or fund manager is? There are of course many other dubious “leadership” categories based on individual traits like race, nationality, political affiliation, age, religion or athleticism that might become the basis for a new fund. Some investors, for instance, might like a “Big 10” fund (invests only in companies headed by guys who’ve sustained brain injury on the gridiron).

https://www.sec.gov/Archives/edgar/data/923184/000119312519056986/d681102d497.htm
497 1 d681102d497.htm 497
MATTHEWS ASIA FUNDS
SUPPLEMENT DATED FEBRUARY 28, 2019
TO THE INVESTOR CLASS PROSPECTUS
DATED APRIL 30, 2018, AS SUPPLEMENTED
For all existing and prospective shareholders of Matthews Asia Focus Fund – Investor Class (MAFSX):
The Board of Trustees of Matthews International Funds (d/b/a Matthews Asia Funds) (the “Trust”) has approved a Plan of Termination, Dissolution and Liquidation for the Matthews Asia Focus Fund, a series of the Trust (the “Fund”), pursuant to which the Fund will be liquidated (the “Liquidation”) on or about March 29, 2019 (“Liquidation Date”). This date may be changed without notice at the discretion of the Trust’s officers.
Suspension of Sales. Effective on March 1, 2019, the Fund will no longer sell shares to new investors or existing shareholders, including through exchanges into the Fund from other series of the Trust.
Mechanics. The Fund will cease investment operations in accordance with the Fund’s investment objective and policies, and the Fund’s assets will be converted into cash and cash equivalents on or before the Liquidation Date. In connection with the Liquidation, any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed as of the close of business on the Liquidation Date. The proceeds of any such redemption will be equal to the net asset value of those shares after the Fund has paid or covered with reserves all of its charges, taxes, expenses and liabilities. The distribution to shareholders of these liquidation proceeds will occur as soon as practicable, and will be made to all shareholders of the Fund of record at the time of the Liquidation. Additionally, the Fund must declare and distribute to shareholders any realized capital gains and all net investment income no later than the final Liquidation distribution. Matthews International Capital Management, LLC (“Matthews”), investment advisor to the Fund, intends to distribute substantially all of the Fund’s net investment income before the Liquidation. Matthews will bear all expenses in connection with the Liquidation to the extent those expenses exceed the amount of the Fund’s normal and customary fees and expenses accrued by the Fund through the Liquidation Date, provided that those accrued amounts are first applied to pay for the Fund’s normal and customary fees and expenses.
Other Alternatives. At any time before the Liquidation Date, shareholders of the Fund may redeem their shares of the Fund and receive the net asset value thereof, pursuant to the procedures set forth under “Investing in the Matthews Asia Funds – Selling (Redeeming) Shares” in the Prospectus. Shareholders may also exchange their Fund shares for shares of the same class of any other series of the Trust, as described in and subject to any restrictions set forth under “Investing in the Matthews Asia Funds – Exchanging Shares” in the Prospectus.
U.S. Federal Income Tax Matters. For tax purposes, with respect to shares held in a taxable account, the automatic redemption of shares of the Fund on the Liquidation Date will generally be treated as any other redemption of shares (i.e., as a sale that may result in gain or loss for federal income tax purposes). Instead of waiting until the Liquidation Date, a shareholder may voluntarily redeem his or her shares before the Liquidation Date to the extent that the shareholder wishes to realize any such gains or losses before the Liquidation Date. See “Other Shareholder Information – Taxes” in the Prospectus. Shareholders should consult their tax advisors regarding the tax treatment of the Liquidation.
If you have any questions regarding the Liquidation, please contact the Trust at 1-800-789-ASIA (2742).
Please retain this Supplement with your records.
ST047
MATTHEWS ASIA FUNDS
SUPPLEMENT DATED FEBRUARY 28, 2019
TO THE INSTITUTIONAL CLASS PROSPECTUS
DATED APRIL 30, 2018, AS SUPPLEMENTED
For all existing and prospective shareholders of Matthews Asia Focus Fund — Institutional Class (MIFSX):
The Board of Trustees of Matthews International Funds (d/b/a Matthews Asia Funds) (the “Trust”) has approved a Plan of Termination, Dissolution and Liquidation for the Matthews Asia Focus Fund, a series of the Trust (the “Fund”), pursuant to which the Fund will be liquidated (the “Liquidation”) on or about March 29, 2019 (“Liquidation Date”). This date may be changed without notice at the discretion of the Trust’s officers.
Suspension of Sales. Effective on March 1, 2019, the Fund will no longer sell shares to new investors or existing shareholders, including through exchanges into the Fund from other series of the Trust.
Mechanics. The Fund will cease investment operations in accordance with the Fund’s investment objective and policies, and the Fund’s assets will be converted into cash and cash equivalents on or before the Liquidation Date. In connection with the Liquidation, any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed as of the close of business on the Liquidation Date. The proceeds of any such redemption will be equal to the net asset value of those shares after the Fund has paid or covered with reserves all of its charges, taxes, expenses and liabilities. The distribution to shareholders of these liquidation proceeds will occur as soon as practicable, and will be made to all shareholders of the Fund of record at the time of the Liquidation. Additionally, the Fund must declare and distribute to shareholders any realized capital gains and all net investment income no later than the final Liquidation distribution. Matthews International Capital Management, LLC (“Matthews”), investment advisor to the Fund, intends to distribute substantially all of the Fund’s net investment income before the Liquidation. Matthews will bear all expenses in connection with the Liquidation to the extent those expenses exceed the amount of the Fund’s normal and customary fees and expenses accrued by the Fund through the Liquidation Date, provided that those accrued amounts are first applied to pay for the Fund’s normal and customary fees and expenses.
Other Alternatives. At any time before the Liquidation Date, shareholders of the Fund may redeem their shares of the Fund and receive the net asset value thereof, pursuant to the procedures set forth under “Investing in the Matthews Asia Funds — Selling (Redeeming) Shares” in the Prospectus. Shareholders may also exchange their Fund shares for shares of the same class of any other series of the Trust, as described in and subject to any restrictions set forth under “Investing in the Matthews Asia Funds — Exchanging Shares” in the Prospectus.
U.S. Federal Income Tax Matters. For tax purposes, with respect to shares held in a taxable account, the automatic redemption of shares of the Fund on the Liquidation Date will generally be treated as any other redemption of shares (i.e., as a sale that may result in gain or loss for federal income tax purposes). Instead of waiting until the Liquidation Date, a shareholder may voluntarily redeem his or her shares before the Liquidation Date to the extent that the shareholder wishes to realize any such gains or losses before the Liquidation Date. See “Other Shareholder Information — Taxes” in the Prospectus. Shareholders should consult their tax advisors regarding the tax treatment of the Liquidation.
If you have any questions regarding the Liquidation, please contact the Trust at 1-800-789-ASIA (2742).
Please retain this Supplement with your records.
ST048

FYI: U.S. stocks wobbled for the second consecutive session Wednesday, pausing their early-year rally as analysts weighed comments from U.S. Trade Representative Robert Lighthizer and the latest batch of corporate earnings.
The Dow Jones Industrial Average was down 72 points, or 0.25%, at 25985, after earlier falling as much as 181 points. The S&P 500 dropped less than 0.05%, and the tech-heavy Nasdaq Composite also swung between small gains and losses and was recently down less than 0.07%.
Although patience from the Federal Reserve and optimism about a U.S.-China trade agreement have boosted stocks recently, some analysts say the recovery has gone too far. The Dow industrials entered Wednesday’s session up 12% for the year and within 3% of last year’s record.
The yield on the benchmark 10-year U.S. Treasury note rose to 2.684%, according to Tradeweb, from 2.636% a day earlier. Bond yields rise as prices fall.
Elsewhere, the Stoxx Europe 600 dipped 0.3%.
Japan’s Nikkei 225 closed 0.5% higher, while Hong Kong’s Hang Seng shed less than 0.1% after climbing earlier in the session.
The majority of the S&P 500 Sectors, led by Communicationn Services lagged, while Energy led the winners.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-02-27/your-evening-briefing
WSJ:
https://www.wsj.com/articles/global-stocks-decline-as-violence-erupts-in-kashmir-11551258388
Bloomberg:
https://www.bloomberg.com/news/articles/2019-02-26/asia-stocks-set-for-modest-gains-treasuries-rise-markets-wrap?srnd=premium
IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-stock-triggers-sell-signals/
Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-edges-lower-after-lighthizer-comments-on-trade-talks-idUSKCN1QG1R1?il=0
CNBC:
https://www.cnbc.com/2019/02/27/stock-market-dow-futures-in-focus-ahead-of-trump-kim-summit.html
U.K.: FTSE Down .61%
Europe:
https://www.marketwatch.com/story/europes-indexes-sink-as-geopolitical-tensions-between-pakistan-and-india-escalate-metro-bank-plunges-20-2019-02-27/print
Asia:
https://www.marketwatch.com/story/asian-markets-rise-as-trump-kim-set-to-meet-2019-02-26/print
Bonds:
https://www.cnbc.com/2019/02/27/bonds-traders-await-another-powell-speech.html
Currencies:
https://www.cnbc.com/2019/02/27/forex-markets-dollar-the-fed-british-pound-in-focus.html
Oil:
https://www.cnbc.com/2019/02/27/oil-markets-opec-us-crude-inventories-in-focus.html
Gold
https://www.cnbc.com/2019/02/27/gold-markets-the-fed-dollar-palladium-in-focus.html
WSJ: Markets At A Glance:
https://markets.wsj.com/us
Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor
SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors
Current Futures:
https://finviz.com/futures.ashx

FYI: The fourth quarter of 2018 was undeniably terrible for U.S. equity markets. Under pressure from politics, earnings and interest rates, markets pulled back, obliterating their year-to-date gains. But a group of companies with a simple yet distinctive mark of quality—the longest track records of consistent dividend growth—fared far better than their peers.
Regards,
Ted
https://www.etf.com/sections/etf-industry-perspective/proshares-why-dividend-aristocrats-are-king
M* Snapshot NOBL:
https://www.morningstar.com/etfs/bats/nobl/quote.html

https://www.sec.gov/Archives/edgar/data/1199046/000139834419003316/fp0039746_497.htm
497 1 fp0039746_497.htm
February 26, 2019
SYMONS VALUE INSTITUTIONAL FUND (the “Fund”)
Supplement to the Prospectus and Statement of Additional Information dated February 25, 2019
Class II shares were added by a prospectus effective February 25, 2019. The Board of Trustees of Unified Series Trust has approved the conversion of the Fund’s Class I shares into Class II shares, which is expected to take place after the close of business on March 27, 2019. Class II shares are not available for purchase until after the conversion has taken place.
Shareholders who currently hold Class I shares will receive Class II shares equivalent in aggregate value at the time of conversion, and affected shareholders will experience lower net operating expense ratios. The share class conversion is not expected to be a taxable event for federal income tax purposes, and should not result in the recognition of gain or loss by converting shareholders.
Effective immediately following the conversion of Class I shares into Class II shares, Symons Capital Management, Inc. the Fund’s investment adviser, has contractually agreed to reduce the management fee on Class II shares to 0.90%, and to reduce the expense cap for Class II shares so that total operating expenses (excluding certain expenses described in footnote 2 to the fee table shown below) do not exceed 0.97% of the Fund’s average daily net assets.
The Fees and Expenses of the Fund and Expense Example sub-sections in the Summary Section of the prospectus will be deleted and replaced as follows:...

American Funds typically have ERs of about 70 basis points. If you can purchase those funds at NAV (no load) they are frequently a pretty good deal. American Funds does not use "star fund managers", but has long employed an investment committee approach, which I prefer for stability. For example, I have no interest in depending on "bond kings" to not lose their "golden touch", their wives, or their bloody minds.
As far as American Funds being an "asset accumulator" (whatever that means) I couldn't care less.

@Old_Joe, a couple important notes here.
1) AF is an asset gatherer and historically has not shown a willingness to control growth. The platform is simply trying to take in assets to increase dollars earned from management fees. May not matter to some, but is a big deal to me. You could say, AF is a mega shop that invests in mega caps, generally (I know there are AF that invest down the cap spectrum). Well then I'd say, might as well index for a few bps rather than pay active fees.
2) While AF has multiple PMs for each fund it manages, it IS NOT, IMO, an investment committee approach. Each PM has a sleeve of capital that he/she has discretion over so they are effectively "star" managers, but just operating without a construct that provides diversification. The PMs are not collaborating to come to a single investment decision. I don't think many retail investors know this is actually how AF manages its funds.

@Derf: Thanks for making comment. Yes, your are correct, there would be no dircect taxation for capital gains that took place inside my traditional ira account; but, these gains would be in my taxable in my account. This comment was directed towards expenses associated with the investments themselves by the broker and fund companies; and, not for taxation on them by government.
Again, I have no wrap fees on either my mutual fund consolidated account or my self directed ira account.

@MFS and @Old_Joe: Thanks for making comment.
I'm very thankful that my grandparents and parents had the wisdom to become investors many years ago. They we just average working and farming families who decided to put some back from their wages into the stock market. In addition, they sold off some of the family farm land to raise capital for investment purposes. And, as a grandchild I was provided a cut of the land sales which I invested pursuant to their wishes over spending. My first fund was Franklin Income Fund which I still own today.
This early wisdom has now made my life so much easier for me and my family. One of my cousins and I attend the same church that our parents were raised in asked me the other Sunday. He said ... "I know I made more in my working days than you as I was the smarter and made better grades." But, now you seem to have so much more than me. How'd you do it? My answer. The wisdom of our grandparents. Some of us followed it and some did not. I was one of the ones that did. Plus, I live below my means.
Thanks again MFS and Old_Joe for making comment. It is much appreciated.

"But pension funds, endowments, and other institutional investors represent the vast majority of public company shareholders—and, according to a recent study, these investors view buybacks as among the best actions management can take when it comes to allocating capital."
I think this is a crock of crap. I contend Management uses this to line their nest.

Of course they do.

For most of the 20th century, stock buybacks were deemed illegal because they were thought to be a form of stock market manipulation. But since 1982, when they were essentially legalized by the SEC, buybacks have become perhaps the most popular financial engineering tool in the C-Suite tool shed. And it’s obvious why Wall Street loves them: Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses.

https://www.forbes.com/sites/aalsin/2017/02/28/shareholders-should-be-required-to-vote-on-stock-buybacks
Also: Are Stock Buybacks Starving the Economy?, The Atlantic (July 21, 2018)
https://www.theatlantic.com/ideas/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/

In an exhaustive financial analysis of buybacks [see link below], the consultancy McKinsey found that companies would generally be better off issuing dividends or increasing investment instead. Buybacks also might distort earnings-per-share calculations and other measures of profitability and value.

https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/how-share-repurchases-boost-earnings-without-improving-returns

As market grows and my 65/35 starts to creep closer to 70/30, I take my largest funds VOO and VDGIX and have dividends and cap gains go to cash, such as market we are in right now. When market falters, and equity portion goes lower, i reinvest.

"But pension funds, endowments, and other institutional investors represent the vast majority of public company shareholders—and, according to a recent study, these investors view buybacks as among the best actions management can take when it comes to allocating capital."
I think this is a crock of crap. I contend Management uses this to line their nest.

FYI: ( While a couple of MFO Members who contribute little or nothing to MFO with a poor attempt of humor "Clean up in the condiment aisle" the Linkster's hard working staff searched to see which funds were major holders of KHC. That's why some of us lead and others follow. :) :) :)
Consumer foods giant Kraft Heinz (KHC) has taken quite a hit in the wake of its earnings announcement Thursday after the bell, which included news that the company was writing off $15.4 billion of the value of its brands and is facing a Securities and Exchange Commission investigation of its accounting policies and controls. The stock was down 27.27% at $35.04 at 12:45 p.m. ET Friday, not far from its session low of $34.51.
Warren Buffett’s Berkshire Hathaway, which had a 26.71% stake in Kraft Heinz at the end of 2018, looks like the biggest loser. But which mutual funds and ETFs are likely to feel the pain from the packaged food company’s sell-off? Click through to see a list from Morningstar Inc. of the 10 funds with the biggest stakes in the company.
Regards,
Ted
https://www.investmentnews.com/gallery/20190222/FREE/222009999/PH
1. Eagle Capital Growth
2. First Trust Consumer Staples AlphaDEX Fd
3. Gabelli Food of All Nations NextShares
4. WestEnd Advisors Large Cap Core Eq- UBS
5. FT AQA (R) Large-Cap 2
6. Frontier MFG Global Equity Institutional
7. Oppenheimer S&P Ultra Dividend Rev ETF
8. Frontier MFG Global Plus Fund
9. FT AQA (R) Large-Cap 1
10. Sims Total Return Fund
M* Funds Holding KHC: (Click On Ownership)
https://www.morningstar.com/stocks/xnas/khc/quote.html

FYI: Kraft Heinz stock (KHC) was down more than 27% on Friday after the company took a $15 billion asset write down, cut its dividend, and disclosed a regulatory probe into its procurement and accounting practices. The stock was downgraded by five Wall Street analysts, too.
That’s a bad day.
Some big names have been caught up in the Kraft vortex, including Warren Buffett and private-equity firm 3G Capital. But one fund manager steered clear of this week’s Kraft Heinz bloodbath: Nuveen Asset Management. Nuveen avoided the decline for a unique reason: It shunned Kraft Heinz stock because the company has weak scores in ESG, the sustainable investing philosophy that looks at, and is short for, environmental, social, and governance metrics. Kraft Heinz isn’t the only high profile stock debacle Nuveen has managed to avoid. Nuveen’s ESG philosophy should give investors something to think about when assessing corporate risk in the future.
Nuveen offers a few exchanged traded funds for U.S. investors, including the NuShares ESG Large-Cap Growth Fund (NULG) and NuShares ESG Large-Cap Value Fund (NULV). In those funds, Nuveen only invests in companies that are in the upper half of a sector based on Nuveen’s ESG scoring.
Regards,
Ted
https://www.barrons.com/articles/esg-nuveen-asset-management-kraft-heinz-stock-51550862080?mod=djem_b_Weekly barrons_daily_newsletter