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I sold this fund earlier than you, but for the same reasons. I completely understand your reasoning behind this move. IMHO, the volatility of the fund increased and the manager changes were not to my liking.After the Q4 distribution fiasco, I gave some time to think this one over. The fund has done well in the past and the recent rough patch has affected other funds in that sector as well. The two manager losses may have been more than the company could handle. So I sold my shares at today's market close. The funds will be consolidated into other funds I own.
I still own MAINX. Teresa Kong has proved to be not only a top fund manager in a difficult area, but she communicates with her shareholders. In fact I had received a email regarding a question on MAINX last year and the response was very good.
A difficult decision but it appears that MAPIX may be changing into something I didn't invest in for in the first place. If one doesn't have confidence in the management of the fund, then what else is there?
Max, they want specifics......if you call them, the rep will go to your portfolio(s) and address all your specific concerns. The more specific details you can give them about your account and portfolio, what issues came up and when/what time, the better. You can send them screenshots documenting issues, via email, while the rep is on the phone with you, etc.JohnChisum, thank you. .....I'm back again looking at my portfolio, as well as other things. Of course, by now, at midnight (Fri-Sat) the numbers are updated--- though for some, "rank in category" are not updated: DLFNX MAPIX MAINX MEASX SFGIX TRAMX (although the category it is put into at Morningstar is a non-category.) PREMX PRESX NAESX. How much does Morningstar want to pay me for pointing out what it needs to do, I wonder? I can't use an app. No cell phone. Don't want one. :)
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