BlackRock, the world’s largest asset manager, has just launched an ETF that offers 100% downside protection to investors. The new ETF (MAXJ) will have its maximum gains capped at 10.6% while protecting against the downside for a duration of 12 months. 0.5% ER
https://www.msn.com/en-us/money/savingandinvesting/how-good-is-blackrock-s-new-100-downside-hedge-etf/ar-BB1pdRfO?ocid=BingNewsSerp

Deckers was another stock that contributed to the short-term capital gain for XMHQ.

Um, you missed my point. But worse, you seem to have twisted what I said.
"6% in six months would, in any other year, be considered an excellent performance. It is only in comparison to NVDA or QQQ that OAKMX looks bad."
I DID NOT compare value stocks to NVDA. I noted what I trust many posters here are NOT aware of in relation to some LCV funds this year. That is, chances are, the LCV OEFs that are significantly outperforming their peers YTD are slanted towards Growth and/or have names like NVDA in the fold.
Truth be told, OAKMX's 6% YTD performance thru 06/30/24 is far from "excellent" for this fund. It's 5-yr average annual TR is 16.5%, so it is trailing that on a 6-month basis. Its 10-yr average is 11.5%, so on par with that on a 6-month basis, or effectively an average TR for 6 months over the past 10 years.
But you REALLY lost me with this zinger:
"Almost nothing other than the Mag 7 has been up more than 5 to 10% this year."
Here are the 226/500, or 45+% of the S&P stocks that are UP over 6% YTD.
https://www.slickcharts.com/sp500/performance
Excerpt:
S&P 500 Component Year to Date Returns
# Company Symbol YTD Return
1 SUPER MICRO COMPUTER INC SMCI 194.51%
2 NVIDIA CORP NVDA 147.72%
3 VISTRA CORP VST 127.67%
4 CONSTELLATION ENERGY CEG 76.36%
5 ELI LILLY + CO LLY 55.55%
6 MICRON TECHNOLOGY INC MU 55.37%
7 ARISTA NETWORKS INC ANET 51.59%
8 CROWDSTRIKE HOLDINGS INC A CRWD 50.81%
9 TARGA RESOURCES CORP TRGP 50.80%
10 NRG ENERGY INC NRG 50.66%
11 WESTERN DIGITAL CORP WDC 49.04%
12 APPLIED MATERIALS INC AMAT 48.61%
13 BROADCOM INC AVGO 48.49%
14 NETAPP INC NTAP 47.32%
15 KLA CORP KLAC 44.35%
16 HOWMET AEROSPACE INC HWM 44.25%
17 META PLATFORMS INC CLASS A META 43.94%
18 DECKERS OUTDOOR CORP DECK 40.72%
19 NETFLIX INC NFLX 39.58%
20 QUALCOMM INC QCOM 38.39%
21 TERADYNE INC TER 37.85%
22 LAM RESEARCH CORP LRCX 36.97%
23 AMPHENOL CORP CL A APH 36.29%
24 ORACLE CORP ORCL 35.90%
25 LEIDOS HOLDINGS INC LDOS 34.76%
26 GODADDY INC CLASS A GDDY 34.65%
27 ARCH CAPITAL GROUP LTD ACGL 34.64%
28 CHIPOTLE MEXICAN GRILL INC CMG 34.24%
29 TRANE TECHNOLOGIES PLC TT 33.18%
30 ALPHABET INC CL A GOOGL 32.61%
31 PROGRESSIVE CORP PGR 32.55%
32 BOSTON SCIENTIFIC CORP BSX 32.42%
33 ALPHABET INC CL C GOOG 32.41%
34 DAVITA INC DVA 32.16%
35 DIAMONDBACK ENERGY INC FANG 32.13%
36 AMAZON.COM INC AMZN 31.63%
37 FAIR ISAAC CORP FICO 31.39%
38 MONOLITHIC POWER SYSTEMS INC MPWR 31.38%
39 GENERAL MOTORS CO GM 30.71%
40 COSTCO WHOLESALE CORP COST 30.19%
41 EATON CORP PLC ETN 30.09%
42 INTUITIVE SURGICAL INC ISRG 30.07%
43 IRON MOUNTAIN INC IRM 29.82%
44 WALMART INC WMT 29.53%
45 KKR + CO INC KKR 27.86%
46 GENERAL ELECTRIC CO GE 26.50%
47 TRANSDIGM GROUP INC TDG 26.34%
48 MCKESSON CORP MCK 26.32%
49 CORNING INC GLW 26.08%
50 BROWN + BROWN INC BRO 26.07%
51 AMERICAN EXPRESS CO AXP 25.96%
52 FIRST SOLAR INC FSLR 25.80%
53 SYNCHRONY FINANCIAL SYF 25.77%
54 CITIGROUP INC C 25.74%
55 GARMIN LTD GRMN 25.63%
56 FIDELITY NATIONAL INFO SERV FIS 25.24%
57 CATALENT INC CTLT 25.08%
58 HARTFORD FINANCIAL SVCS GRP HIG 24.45%
59 HEWLETT PACKARD ENTERPRISE HPE 24.38%
60 JUNIPER NETWORKS INC JNPR 24.05%
61 WELLS FARGO + CO WFC 23.87%
62 TRACTOR SUPPLY COMPANY TSCO 23.72%
63 MOTOROLA SOLUTIONS INC MSI 23.53%
64 JPMORGAN CHASE + CO JPM 22.77%
65 WABTEC CORP WAB 22.52%
66 MICROSOFT CORP MSFT 22.14%
67 EBAY INC EBAY 22.08%
68 TYLER TECHNOLOGIES INC TYL 21.74%
69 BANK OF AMERICA CORP BAC 21.56%
70 VALERO ENERGY CORP VLO 21.51%
71 WILLIAMS COS INC WMB 21.45%
72 GE VERNOVA INC GEV 21.29%
73 UNIVERSAL HEALTH SERVICES B UHS 21.18%
74 ROYAL CARIBBEAN CRUISES LTD RCL 20.94%
75 SEAGATE TECHNOLOGY HOLDINGS STX 20.80%
76 GOLDMAN SACHS GROUP INC GS 20.70%
77 COLGATE PALMOLIVE CO CL 20.59%
78 INTERNATIONAL PAPER CO IP 20.33%
79 PUBLIC SERVICE ENTERPRISE GP PEG 20.33%
80 EDWARDS LIFESCIENCES CORP EW 19.65%
81 DOMINO S PIZZA INC DPZ 19.50%
82 RTX CORP RTX 19.34%
83 REGENERON PHARMACEUTICALS REGN 18.94%
84 DISCOVER FINANCIAL SERVICES DFS 18.81%
85 ECOLAB INC ECL 18.81%
86 NXP SEMICONDUCTORS NV NXPI 18.44%
87 HILTON WORLDWIDE HOLDINGS IN HLT 18.40%
88 SYNOPSYS INC SNPS 18.40%
89 MARATHON OIL CORP MRO 18.29%
90 HCA HEALTHCARE INC HCA 18.11%
91 FEDEX CORP FDX 17.89%
92 MODERNA INC MRNA 17.72%
93 WELLTOWER INC WELL 17.52%
94 WESTROCK CO WRK 17.51%
95 TJX COMPANIES INC TJX 17.47%
96 MARATHON PETROLEUM CORP MPC 17.38%
97 ONEOK INC OKE 17.25%
98 INGERSOLL RAND INC IR 17.22%
99 MERCK + CO. INC. MRK 17.15%
100 REPUBLIC SERVICES INC RSG 17.13%
101 RALPH LAUREN CORP RL 17.02%
102 INTL FLAVORS + FRAGRANCES IFF 17.01%
103 WASTE MANAGEMENT INC WM 16.96%
104 CINTAS CORP CTAS 16.87%
105 UNITED AIRLINES HOLDINGS INC UAL 16.82%
106 FOX CORP CLASS B FOX 16.82%
107 ARTHUR J GALLAGHER + CO AJG 16.51%
108 VERTEX PHARMACEUTICALS INC VRTX 16.44%
109 TEXAS INSTRUMENTS INC TXN 16.40%
110 CADENCE DESIGN SYS INC CDNS 16.31%
111 BANK OF NEW YORK MELLON CORP BK 16.23%
112 FOX CORP CLASS A FOXA 16.21%
113 DELTA AIR LINES INC DAL 16.11%
114 NEXTERA ENERGY INC NEE 16.02%
115 XYLEM INC XYL 15.66%
116 HP INC HPQ 15.65%
117 PALO ALTO NETWORKS INC PANW 15.45%
118 JOHNSON CONTROLS INTERNATION JCI 15.06%
119 DOVER CORP DOV 15.05%
120 ANALOG DEVICES INC ADI 14.95%
121 CINCINNATI FINANCIAL CORP CINF 14.88%
122 QUANTA SERVICES INC PWR 14.82%
123 UBER TECHNOLOGIES INC UBER 14.78%
124 VERALTO CORP VLTO 14.70%
125 ALLSTATE CORP ALL 14.43%
126 FREEPORT MCMORAN INC FCX 14.42%
127 APPLE INC AAPL 14.41%
128 PRUDENTIAL FINANCIAL INC PRU 14.31%
129 AMERIPRISE FINANCIAL INC AMP 14.23%
130 EXXON MOBIL CORP XOM 14.20%
131 ALTRIA GROUP INC MO 14.15%
132 BERKSHIRE HATHAWAY INC CL B BRK.B 14.14%
133 VERISK ANALYTICS INC VRSK 14.02%
134 ELEVANCE HEALTH INC ELV 13.65%
135 DIGITAL REALTY TRUST INC DLR 13.62%
136 KIMBERLY CLARK CORP KMB 13.56%
137 AXON ENTERPRISE INC AXON 13.49%
138 ZEBRA TECHNOLOGIES CORP CL A ZBRA 13.43%
139 AIRBNB INC CLASS A ABNB 13.37%
140 CHUBB LTD CB 13.08%
141 UNITED RENTALS INC URI 12.64%
142 ROLLINS INC ROL 12.55%
143 NEWS CORP CLASS A NWSA 12.55%
144 FISERV INC FI 12.46%
145 SERVICENOW INC NOW 12.40%
146 EMERSON ELECTRIC CO EMR 12.27%
147 T MOBILE US INC TMUS 12.26%
148 AT+T INC T 12.16%
149 WR BERKLEY CORP WRB 12.01%
150 MARSH + MCLENNAN COS MMC 11.89%
151 METTLER TOLEDO INTERNATIONAL MTD 11.88%
152 PROCTER + GAMBLE CO/THE PG 11.85%
153 KINDER MORGAN INC KMI 11.79%
154 HASBRO INC HAS 11.75%
155 CUMMINS INC CMI 11.68%
156 STRYKER CORP SYK 11.63%
157 COPART INC CPRT 11.61%
158 EQUITY RESIDENTIAL EQR 11.51%
159 CHURCH + DWIGHT CO INC CHD 11.51%
160 ADVANCED MICRO DEVICES AMD 11.46%
161 HUBBELL INC HUBB 11.21%
162 AMERICAN INTERNATIONAL GROUP AIG 11.19%
163 AUTOZONE INC AZO 11.00%
164 CATERPILLAR INC CAT 10.85%
165 WW GRAINGER INC GWW 10.77%
166 PARKER HANNIFIN CORP PH 10.71%
167 M + T BANK CORP MTB 10.69%
168 SOUTHERN CO/THE SO 10.60%
169 NEWS CORP CLASS B NWS 10.50%
170 BOOKING HOLDINGS INC BKNG 10.40%
171 KROGER CO KR 10.33%
172 TAPESTRY INC TPR 10.13%
173 CORTEVA INC CTVA 10.12%
174 ESSEX PROPERTY TRUST INC ESS 10.10%
175 RESMED INC RMD 10.07%
176 GENERAL DYNAMICS CORP GD 10.07%
177 CITIZENS FINANCIAL GROUP CFG 9.78%
178 CAMDEN PROPERTY TRUST CPT 9.71%
179 INTERCONTINENTAL EXCHANGE IN ICE 9.65%
180 RAYMOND JAMES FINANCIAL INC RJF 9.49%
181 GEN DIGITAL INC GEN 9.38%
182 CARRIER GLOBAL CORP CARR 9.36%
183 BUNGE GLOBAL SA BG 9.34%
184 O REILLY AUTOMOTIVE INC ORLY 9.16%
185 MOODY S CORP MCO 9.08%
186 AVALONBAY COMMUNITIES INC AVB 9.07%
187 VERIZON COMMUNICATIONS INC VZ 9.02%
188 PACKAGING CORP OF AMERICA PKG 8.96%
189 THE CIGNA GROUP CI 8.84%
190 WILLIS TOWERS WATSON PLC WTW 8.67%
191 STEEL DYNAMICS INC STLD 8.64%
192 WALT DISNEY CO/THE DIS 8.53%
193 INTL BUSINESS MACHINES CORP IBM 8.41%
194 AFLAC INC AFL 8.40%
195 CENCORA INC COR 8.34%
196 PHILIP MORRIS INTERNATIONAL PM 8.04%
197 VULCAN MATERIALS CO VMC 7.96%
198 AMGEN INC AMGN 7.90%
199 AMERICAN ELECTRIC POWER AEP 7.88%
200 SCHWAB (CHARLES) CORP SCHW 7.78%
201 LOEWS CORP L 7.69%
202 NISOURCE INC NI 7.61%
203 OTIS WORLDWIDE CORP OTIS 7.24%
204 FIFTH THIRD BANCORP FITB 7.22%
205 MARTIN MARIETTA MATERIALS MLM 7.20%
206 COCA COLA CO/THE KO 7.16%
207 TRUIST FINANCIAL CORP TFC 7.15%
208 CAPITAL ONE FINANCIAL CORP COF 7.14%
209 CONSTELLATION BRANDS INC A STZ 7.11%
210 ABBVIE INC ABBV 7.09%
211 UDR INC UDR 7.05%
212 TRAVELERS COS INC/THE TRV 6.91%
213 MORGAN STANLEY MS 6.86%
214 TE CONNECTIVITY LTD TEL 6.72%
215 TEXTRON INC TXT 6.67%
216 CENTERPOINT ENERGY INC CNP 6.62%
217 MOHAWK INDUSTRIES INC MHK 6.60%
218 NVR INC NVR 6.57%
219 TYSON FOODS INC CL A TSN 6.46%
220 MARRIOTT INTERNATIONAL CL A MAR 6.42%
221 T ROWE PRICE GROUP INC TROW 6.42%
222 AVERY DENNISON CORP AVY 6.41%
223 GENERAC HOLDINGS INC GNRC 6.24%
224 L3HARRIS TECHNOLOGIES INC LHX 6.16%
225 EASTMAN CHEMICAL CO EMN 6.16%
226 JACOBS SOLUTIONS INC J 6.14%

https://www.sec.gov/Archives/edgar/data/1492374/000182912624004564/destrainvestment_497.htm
497 1 destrainvestment_497.htm 497
Filed under Rule 497(e)
Registration Nos. 333-167073; 811-22417
Destra Granahan Small Cap Advantage Fund
a series of Destra Investment Trust
July 2, 2024
Supplement to the
Prospectus and Statement of Additional Information (“SAI”),
each dated February 1, 2024
On June 28, 2024, the Board of Trustees of Destra Investment Trust (the “Trust”), on behalf of its series, Destra Granahan Small Cap Advantage Fund (the “Fund”), approved a proposal to close and liquidate the Fund. Accordingly, effective after the close of business on July 12, 2024, the Fund will no longer accept orders from new investors or existing shareholders to purchase Fund shares (“Shares”).
The Fund will be liquidated on or about August 6, 2024 (the “Liquidation Date”). If a shareholder has not redeemed his or her Shares as of the Liquidation Date, the shareholder’s Shares will be automatically redeemed and the shareholder will receive a liquidating distribution. The liquidating distribution may be paid in cash at the Shares’ net asset value (“NAV”) or in-kind.
Shareholders may redeem their Shares or exchange their Shares into shares of another open-end mutual fund advised by Destra Capital Advisors LLC (a “Destra Fund”) at its NAV at any time prior to the Liquidation Date. Additionally, as described in the Prospectus, shareholders may be allowed a one-time right to reinvest the proceeds from the redemption of the Fund in shares of a Destra Fund at its NAV without an initial sales charge if the purchase is made within 90 days of the redemption date or Liquidation Date, as applicable.
Shareholders should consult their personal tax advisers concerning their tax situation and the impact of the liquidation and/or exchanging to a different fund on their tax situation.
Please retain this Supplement with your Prospectus and SAI for future reference.

Yes
Edit: but @catch22 should have a say as it is his thread. Some one can help contrast today's decision to the one given in Nixon's case. In any case, I am not sure how today's ruling would impact the US capital markets in the short to intermediate term.
I hope it was obvious that my previous post was a satire / comedy at the S. Ct.'s activism in general.
Edit, Edit: I am happy to delete both this and my previous post if Catch or others wish.

https://www.sec.gov/Archives/edgar/data/919160/000121390024057716/ea0208756-01_497.htm
497 1 ea0208756-01_497.htm 497
GUINNESS ATKINSON FUNDS
GUINNESS ATKINSON RENMINBI YUAN & BOND FUND
Supplement dated July 1, 2024
to the Fund’s Prospectus and Statement of Additional Information (“SAI”) dated May 1, 2024
The Board of Trustees of the Guinness Atkinson Funds (the “Trust”) has approved a plan to liquidate and terminate the Guinness Atkinson Renminbi Yuan & Bond Fund (the “Fund”). The plan of liquidation provides that the Fund will cease its business, liquidate its assets and distribute its liquidation proceeds to all of the Fund’s shareholders of record. Final liquidation of the Fund is currently expected to occur on or before August 20, 2024, but this date may be extended. Shareholders will receive liquidation proceeds as soon as practicable after the liquidation date.
The Fund will cease accepting purchase orders and will be closed to all new and existing investors on July 3, 2024.
As of July 3, 2024, the Fund will suspend the imposition of the 2% redemption fee on shares held fewer than 30 days.
As the liquidation of the Fund approaches, the Fund will deviate from its investment objective, investment strategies and investment policies as set forth in the Prospectus and will instead engage in business activities to wind down the Fund. During this period, a larger portion of the Fund’s assets will be held in cash and similar investments in order to prepare for orderly liquidation and to meet anticipated redemption requests. This may adversely affect the Fund’s investment performance. The impending liquidation of the Fund may result in large redemptions.
Shareholders of the Fund may redeem their shares at any time prior to the liquidation date. Shareholders remaining in the Fund may bear increased transaction expenses incurred in connection with the disposition of the Fund’s portfolio holdings. Any such transaction costs would reduce any distributable net capital gains. If a shareholder has not redeemed his or her shares by the liquidation date, the shares will automatically be redeemed, and proceeds will be sent to the shareholder of record. Liquidation proceeds will be paid in cash at the Fund’s applicable net asset value per share.
The redemption of shares held by a shareholder as part of the liquidation generally will be considered a taxable event for Federal income tax purposes and may cause shareholders to recognize a gain or loss. Before the final liquidation, the Fund may make distributions of income and capital gains. These distributions will have the tax and other consequences described in the Fund’s prospectus and statement of additional information. A shareholder should consult with the shareholder’s tax advisor to discuss the Fund’s liquidation and the tax consequences to the shareholder.
The dates set forth in this supplement may be changed without notice by the officers of the Guinness Atkinson Funds.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

PFE trades around $28. It first traded at that price back in 1998. I understand the purchase is being considered for divds, not growth of capital, but a stock that has not grown its price in over a quarter century is not one I would be interested in.
I like 'O', but in the REIT space, I'd just buy FRIFX, and avoid the single company risk.
Another area to think about for income is the MLP space. The ETF AMLP lets one own the whole space, and it has a 1099 tax document (no K1). The sector is cheap -- and has mostly done a good job of capital discipline for the past decade. I assess the chart action in the space as generally constructive. (i.e. "up and to the right").
For a very diversified equity income vehicle, I like JEPI (for deferred accts) or SCHD in taxable accounts.
Good luck.

LOL / @Mark - Thanks. I just discovered CEF Connect recently. Great source. What I take away from your link is that since its initial offering at $25 in 2012 PDI has seen highs near $33-34 and lows as low as $16. That’s a little deceptive because it probably has been paying out a big dividend over that period. Also, this CEF is currently trading at nearly 12% above its NAV. What took you so long to sell? :)
(Correct me if I’m substantially incorrect on my takeaway.)
The discount / premium on CEFs fluctuates. At the beginning of 2023 I mentioned here a Randal Forsyth Barron’s article calling attention to discounts of 15-20% on a number of CEFs. A couple he suggested to readers were BCAT and GUG. Since then, Barron’s has mentioned the attractive discount on CEFs more than once. My take today, however, is that that average discount to NAV has narrowed over the 18 months since Forsyth’s piece.
I’ve been using the same source to look at one I own and a couple others I could replace it with or use along side of it to dilute its impact on the portfolio. Yes - the discount / premium is essential to consider if playing in this volatile area. There are some etfs that try to game these vehicles. Sabra Capital’s CEFS has been in the news lately. Calamos recently introduced CCEF. I urge folks considering either to do their homework first.
Mark - Appreciate your sharing. You are braver than me. I don’t think I’ve ever mentioned any CEF I own on the board because of their highly volatile nature and the general difficulty of understanding / valuing them. Additionally (to quote Rukeyser) any CEF I happen to own might be … “Hair today. Gone tomorrow.”

On the subject of Capital Group's mutual funds, I've been a happy shareholder of DODIX as a core bond funding. I know one year isn't much of a comparison, but CGCP (a core plus bond etf) has substantially outperformed DODIX over the past year. Over the life of CGCP, the return of CGCP and DODIX have been similar.
Is it worth stepping up some risk to enjoy the better returns of CGCP or is it too early to tell? Thanks!

BenWP, thank you for your insights! I invested in CGUS as a “counterbalance” to the passive VOO.
I like CGDV because it is / has been a LCB fund with a value tilt (equity income). I’m not convinced that true / pure Value is the future, could be wrong but time will tell.
I’m a TR and a non-trading investor although I do look to improve my portfolio when the opportunity arises and I believe some of the Capital Group ETF family gave me that opportunity.
Do you or any others have any further thoughts, opinions or suggestions regarding my choices and/or logic? Thx!

To Mark's point, you should be able to set up a monthly auto payment to cover the minimum amount. In that way you wouldn't have to worry about missing a payment and getting "gotcha'ed". FWIW. I know I can do that with my Capital One card, though I haven't bothered with auto pay. I like to look at the account every few days anyway to make sure I recognize all the charges.

Subramanian is head of US equity and quantitative strategy at Bank of America, and was the kickoff speaker for the conference. She made three sorts of arguments:
1. most market forecast models are completely useless. BoA has reviewed their performance and they have an R-squared of zero. That is, there is zero predictive validity in them. (Which models, exactly? For what time frames? Doesn't say, presumably because they would only slow things down.)
In addition, most strategists are contrarian indicators; the more they are enthused, the worse the market's forward returns. BoA has a timing model based on that: they survey strategies for their recommended equity exposure in a balanced portfolio. BoA has discovered that the best buy signal is when the average recommendation drops below 51.3% and the best sell signal is when it hits 58%. They survey 20 strategists monthly (I believe) and the current rec is about 55%, which she describes as providing a lack of guidance.
(What, you ask, is the genesis of this model? She seems not to know where it came from; she inherited it from her predecessor, Rich Bernstein, and suspects that he inherited it from his predecessor. What is that R-squared of BoA's model? No hint. And since she had a schedule conflict and had to leave right after her talk rather than do the promising Q&A with journalists.)
2. the market is in a good place just now. Traditional valuation metrics are all wrong since they're premised on an economy that no longer exists. Dynamic industries are asset-light, so book value is largely meaningless. Subscriptions have replaced sales. Inflation at 2-4% is positive for equities. Inflows are strong. The equity risk premium is historically low. US companies have been replacing people with AI which is good because "people are risky, processes are predictable." (Climate change doesn't exist, elections don't matter, we're on a permanently high plateau for ... sorry, that's an editorial aside.)
3. large cap value is the coming sweet spot. Pensions and hedge fund have become dramatically underweight publicly traded equities in favor of private equity, but the attraction of the latter is fading as correlations rise and gains are arbitraged away. In particular, she projects that boomers will need income, that fixed-income isn't attractive (we recently reached, she reports, a 5,000 year low in interest rates), and so there will be a migration to equity-income strategies centered on dividend-paying stocks. Prior to 2013, 50% of equity returns came from dividends (a troubled statement depending on the time-frame since, as she notes above, the economy has changed) and that might recur. Meta and Alphabet are both looking to initiate dividends, a sign of big tech growth stocks are maturing into more traditional corporations. Some IPOs have even played with the idea of incorporating a dividend into their initial offering (my head hurts). Sectors like energy (companies that are now rewarding their executives for decarbonizing and cash return rather than on meeting production targets), tech and financials stand to benefit.

Sold shares of two VG index funds yesterday and today to bring Market Portfolio stock allocation down to low end of range. Parking latest proceeds in VMRXX paying 5.29%. Swung for the fences in 1st half of 2024 and did better than projected. Simply booking gains over the past few days and reducing stock exposure and portfolio volatility. For first time since starting investing in 1980, effectively treating 2024 as an act in two parts, as I'm thinking things may start getting dicey in route to November.

What do the seasoned investors on this board think of capital groups ETF’s as a whole? But In particular, CGUS, CGDV, CGGR?
I’ve never invested in Capital Group funds until they entered the ETF market. I currently hold double-digits in CGUS and CGDV. I’ve been pleased with their performance so far, although they have a little more overlap (per etfrc.com).
I like to invest in active funds to compliment the passive funds I own. FYI : I only hold a handful of funds.
There seems to be enough uniqueness because they often zig/zag somewhat.
Any comments or thoughts are greatly appreciated! Thx. Matt

AF equity products have largely become closet index funds. That said these ETF's have less than 10billion in assets so don't necessarily have the bloat. I assumed originally that these were largely ETF versions of their larger flagships but as of now they are slightly different.
for me they are different enough to pay attention to but I also feel like eventually they'll become more aligned with their indexes than they should.
CGGR is the only one i've tracked and as of now it is underperforming its index but 2 months ago it was beating it and 2 years is really not much of a record to make a decision on.
I think the real value for these are people who invest outside of retirement accounts. regardless of performance the tax implications of AF funds are pretty big. the ETF wrapper allows you to stay in AF but not have the huge tax hits year in and year out.

I also recently sold out of NEAGX (was only a few percent of my OEF only account), as it has not participated in the giant cap stock gains recently, as well as a time to pull in the horns a bit…..plus it quite very tied into the incredible performance of SMCI (similar to Baron funds and TSLA, or Kinetics funds and TPL), so I got rid of it. Moved proceeds to FSELX.

My portfolio is taxable and is primarily buy and hold. High yield stock and utility stock sleeves were added to it in 2020 and were funded during 2020 and the first part of 2021. Most of the dividends earned are released for personal use. Fido says the portfolio is currently 73% invested in stocks. It is overweight in REITs, Financials, Energy, and Utilities (the Financial and Energy sector investments include BDCs and LPs). The portfolio's YTD total returns have averaged between perhaps 40% and 75% of the SP500 with the direction of its trend line in general corresponding with the trend line of the SP500. The portfolio fares better on a relative basis when the bond market focuses on the prospect the Fed may begin to cut interest rates sooner rather than later (or "never"). It will probably benefit more on a relative basis if the Fed actually does begin to cut interest rates as the REIT sector will likely stop being shunned.

Further reduced stock exposure today by about another 10%, while slightly reducing Tech and MAG7 allocations. Reduced FSELX allocation by about 1/3. SOLD entire position in NEAGX. Parking all proceeds in FZDXX for the time being. Now down to 11 OEFs in Market Portfolio. It's been a blowout 1st half of 2024. Simply booking some gains and reducing stock exposure as (IMO) uncertainty about the 2nd half of 2024 increases.

What do the seasoned investors on this board think of capital groups ETF’s as a whole? But In particular, CGUS, CGDV, CGGR?
I’ve never invested in Capital Group funds until they entered the ETF market. I currently hold double-digits in CGUS and CGDV. I’ve been pleased with their performance so far, although they have a little more overlap (per etfrc.com).
I like to invest in active funds to compliment the passive funds I own. FYI : I only hold a handful of funds.
There seems to be enough uniqueness because they often zig/zag somewhat.
Any comments or thoughts are greatly appreciated! Thx. Matt

@WABAC, Thanks for the link.
I have not looked into the fund rules (by prospectus) for syncing up with the index.
I expect passive ETFs to have cap gains of any kind when constituents get acquired or are otherwise eliminated (as a publicly trading co) between rebalancings / reconstitutions. I expect these ETFs to use APs to minimize cap gains. I get that sometimes the process is not available.
This will be my last post.

JPMorgan callables are sucker bait. They will be called, and as soon as possible.

I reserve the term "sucker bait" for introductory high yield bank CDs that automatically roll over to some lower rate before you can get out. Even if you get a free toaster.

I have several Capital One CDs, paying over 5%. When I set those up, I was given choices of what happens to the maturing CDs, and my choice was for them to be deposited into a High Yield Savings Account, currently paying over 4%. When those proceeds are placed into my Savings Account, I will decide whether I want to re-invest in future CDs at Capital One, or transfer them to my Schwab Account for options there, including CDs or MMs or open end Mutual Funds, etc etc.