I would like to know how I can find out how much leverage is used in a fund. I use the Schwab platform. Tkx!

It's being delved into here:
https://armchairinvesting.freeforums.net/thread/733/introducing-svarx

The above will not show you how much and how long leveraged was used over the years. The managers can change it anytime.
I found the semi-annual report for SVARX (link) from 3/31/2020 and more than 50% is in treasury bills, mutual funds about 30%, MM at 13.8%(maybe used for leverage).
What was the leverage 3-6-12 months prior at any time? no way to know

FD takes EVERYTHING personally. I just pointed out the FACTS about his posts on this topic.
He "Introduced" this fund to the world (sic) on two forums recently BUT had to be informed by other posters that it was highly leveraged. Read this full thread and his parallel thread on armchairinvesting and it's pretty clear that's the case.
That's all.
No reason to take it personally or claim after the fact that he actually knew it was leveraged. He did NOT know that, or at least he forgot to note that critical point (sic) in any of his posts about it until AFTER other posters pointed it out to him.
Hey, we ALL make mistakes and most of us freely admit them. Some though try to drag tired old stories into every discussion as though they provide absolution or are relevant to the topic at hand.

FD takes EVERYTHING personally. I just pointed out the FACTS about his posts on this topic.
He "Introduced" this fund to the world (sic) on two forums recently BUT had to be informed by other posters that it was highly leveraged. Read this full thread and his parallel thread on armchairinvesting and it's pretty clear that's the case.
That's all.
No reason to take it personally or claim after the fact that he actually knew it was leveraged. He did NOT know that, or at least he forgot to note that critical point (sic) in any of his posts about it until AFTER other posters pointed it out to him.
Hey, we ALL make mistakes and most of us freely admit them. Some though try to drag tired old stories into every discussion as though they provide absolution or are relevant to the topic at hand.

Fact check. I did post on the sites above but the same person Big Tom = BT2020 = Stalker made the same arguments in both places.
There was not a mistake. As I said before, I don't owe you ALL the information. I presented several numbers. If there are errors in these numbers I will fix them. So far in the last several years the leveraged didn't affect the results, and we know that past performance isn't a guarantee of future results.
BTW, in my first post I have a link (site) and if you open it you can see SVARX total = 148.89%(clearly leveraged)
But, your supposedly "innocent" remarks are nothing new. Your posts over several years are far from it but nice try.
Did you post in the past (I have the link) that I have "NO CHANCE of meeting my annual TR performance goals, this year and for the foreseeable future"? Were you wrong?

@msf and anyone else who might know.
Do bond fund managers typically try and sell bonds before they mature to decrease the chance of losing principal? Is this why the turnover can be so high in some funds. I just have had a hard time understanding why the distribution yields can be so much greater than SEC yields (without ROC) for years at a time in many funds. Any thoughts would be appreciated. And thank you @msf for your wonderful explanations about similiar questions in the past. Fundly

Historical market data can’t help you predict the future but I still find it useful as a way to understand the potential risks and rewards you can see as an investor.

Looking through 93 years of returns for stocks, bonds and cash won’t help you predict future returns for these asset classes.
But it can give you a better sense of the risk involved in these asset classes since risk is much easier to predict than returns.

Stock, Bond & Cash Returns: 1928-2020
stock-bond-cash-returns-1928-2020/

Original posting on this thread, 5 years ago:
"....relatively conservative LC/All Cap dividend value fund..."
Are you still intent on a value emphasis, in 2021?
I'm doing just a quick look... Vanguard has been getting negative reviews here in terms of customer service. But VEIPX certainly looks good. Then there's PRDGX. But just lately, Index performance has beaten the fund's performance by a bit. .....Alternatively, what about investing in a single stock that strikes your fancy? For income, I use bond funds. These days, bonds are poison, I know. But I can't be pulling up roots and making changes all the time, depending on which way the wind blows. I've got the other bases covered to my satisfaction.

Hey @newgirl. The way I have invested in EM is to take positions in MIOPX, FSEAX, and CHIQ. By its nature EM tends to be more volatile so its difficult to try to invest in it without taking on a fair amount of risk. MIOPX diversifies that risk because EM is "only" about 37% of the portfolio whereas the balance is mainly in Europe, the U.S. and Canada. Kind of a barbell strategy which has worked very well over the long term. The fund is in the top 10% over the past 1, 3, 5, and 10 years for its category. however, its returns have been more muted over the past 1 and 3 months. FSEAX has had much higher returns over that short timeframe and if you pull up its long term performance on Morningstar its quite impressive. I really like the consistency in the performance of this fund. The other thing I like about FSEAX is that the manager has rotated more into financials so appears to be increasing his stakes on the value side more. I like to see a manager making those types of modifications to the portfolio based on valuations and their assessments of where the market is going. India and China are now the largest countries in the portfolio. I don't see any investments in Japan for FSEAX. here's the latest fact sheet.
https://www.fidelityinternational.com/legal/documents/SG-en/hffs.SG-en.SG.G-FEMU.pdf
You should also take a look at MATFX. I really like the manager of this fund very much and he's been running it with strong performance for about 15 years. This one is going to have a larger position in technology and communication services so that's something to consider. Those sectors are starting to lag here in the U.S. Will that be the case for EM too going forward? not sure.
For myself, I haven't added to EM in several months and have instead increased my stakes in U.S. financials and also in U.S. small cap because I see those as being a bit stronger in terms of opportunities and because my personal asset allocation has been low in those areas. But I will probably do so soon. I think EM Asia is very promising over the long term.

1.99% car loan, just a year ago. But lately, bonds have been misbehaving. We make sure not to pay interest on anything except the car loan. 4 years to go with that. Paying interest is like paying a tax you aren't required to pay. Unless unavoidable, like on big-ticket items, like a car. Strategy: I could have plunked-down the full price in cash, and pay no interest on the car. But I'd then never be able to grow the portfolio back to where it was, beforehand. That would mean reduced monthly dividends and yearly cap gains forever, thus permanently hobbling ourselves. Meanwhile, the portfolio is growing well beyond 1.99%.

EMQQ I attended a meeting about 2 years ago and bought it. Glad I did, it took about a year and is well placed.

Same posters, same distractions for years, nothing new. Expect it to continue.
BT2020 or BigTom have been following my posts for years over 3 different sites where he tries to find anything(even one word) wrong and/or one number out of order and claim...haha, this time I got you...just, laughable.
stillers claimed years ago that I will never retire, I will never have enough, and I will never make it...the fun continues.
All I did is presented a fund and its performance and SD. I don't owe you anything more. I'm not anybody's financial advisor or get paid by anyone. It's common sense to do your own due diligence regardless if I mentioned it or not. This is a message board where we post ideas. It doesn't matter if I made the warning in the first post or third post. Of course, I knew about the leverage, it's the first thing you see when you look at M* holdings(link) but as usual, you look at any word I post for anything for a gotcha...again, old news...mmm...maybe jealousy, after all, your predictions were far from the truth.

@BenWP: I'm guessing you're meaning ARKK? ARKK has a little of everything, but is getting HUGE...
I personally like ARKW as a hold, and I'm in and out of ARKG; since the volatility there is just CRAZY; 4-5% in a day isn't uncommon!!! And that recent week's runup; what was that; like 20%? More? Man...
Say what you will, Catherine Wood has been on fire for a few years now, and the only regrets I've had came on SELLS! I know it has to end, maybe badly, but until then...

BT2020: What FD is missing here is the leverage is HIGHER now then earlier in the year.
With HIGHER leverage and the corresponding INCREASE in treasury rates, interest costs and the associated risk for the leverage has increased then earlier in the year.

Maybe you are the one who missed my main 2 points. Please reread it.
It means you can't predict where the leverage will be next week or in 4 weeks. Leverage was used years ago. Example: the 10 year treasury is around 1.1%, in 2018 it was over 3% and in 2019 over 2%...mmm...are we anything close to that?
In fact, in 2017-2019 the 10 year was higher than 2%.

Maybe you need a lesson on leverage.
A fund manager can control the *amount* of leverage they use.
(aka the amount/quantity of swaps & margin in their fund)
The cost of leverage is what they don't directly control.
The cost of leverage is what is determined by interest rates.
If a fund manager uses a excessive *amount* of leverage and the *cost* of leverage goes up (interest rates) they will be pressured to sell something.
Your example talks about the interest rate (cost) of leverage but just because the *cost* of leverage was higher back in 2018 doesn't mean the fund manager was excessively leveraging a fund (amount) at that point.
There is a huge amount of leverage in the fund now and if investors want to ignore that risk than its on them.
Also, there have been numerous examples of funds going bell up due to excessive leverage and/or non-liquid securities.
But go ahead and keep pushing highly leveraged and/or non-liquid funds...
So what's next?
Are you going to start pushing 2x and 3x leveraged funds like Profunds & Direxion too?

The April 2020 quarterly newsletter describes the SVARX active management approach over the preceding two years. The chart provides a good visual description. Scroll down to the Active Management section of the newsletter. (Reviewing the 12/31/19 and and 3/31/20 portfolio composition in the table above that section is also instructive.)
THE FULL SPECTRUM - April 2020

Thanks for the info. The chart in the link above is worth watching and see how SVARX compared to PIMIX and other bond funds

But since 2020 SVARX made so much more than these funds, see 1 year (chart) and how PIMIX lost more than 12% while SVARX lost less than 2%
Reminder: there is no guarantee that risk/reward will continue. I'm not going to buy it because I have been doing my own trading and portfolio protection.

Just wondering if there’s an option to upload documents to TRP’S website so you don’t have to rely on the mail being sorted? I’ve used this option at Schwab in the past and am in the process of doing the same to transfer a 401k out of the nightmare called Empower Retirement so as to eliminate one weak link in the chain.

I did find out an interesting tid-bit though, not all closed funds are really closed funds. He told me that if the amount is large enough for moving 401k funds in, that they could be deposited into currently closed funds. I've been looking at PRWCX Capital Appreciation and was told I could open an account and actually deposit funds into it if it's the right amount. Does this sound right?

Yes, this is a open secret that occasionally comes up here. I used this loophole by transferring part of a small 401k to TRP and opening a Rollover IRA in PRWCX a couple of years ago.
Then I transferred one share of PRWCX from this new IRA to an existing IRA at Fido. This let me buy additional shares of PRWCX in my Fido IRA.

BT2020: What FD is missing here is the leverage is HIGHER now then earlier in the year.
With HIGHER leverage and the corresponding INCREASE in treasury rates, interest costs and the associated risk for the leverage has increased then earlier in the year.

Maybe you are the one who missed my main 2 points. Please reread it.
It means you can't predict where the leverage will be next week or in 4 weeks. Leverage was used years ago. Example: the 10 year treasury is around 1.1%, in 2018 it was over 3% and in 2019 over 2%...mmm...are we anything close to that?
In fact, in 2017-2019 the 10 year was higher than 2%.

I like Firstrade for the access it provides to some institutional/advisor class shares, especially without charging a transaction fee. I used it for this purpose several years ago; I'll wager I'm the only one here to have walked into its office, both before and after it moved.
But it is a barebones operation. Ultimately I found that even as a buy-and-hold investor the access to a small incremental number of funds unavailable elsewhere wasn't worth the hassle of having one more account to deal with.
Firstrade labels only some of its funds NTF. I'm guessing that means that like other brokerages (e.g. Schwab) it receives fees from these funds for servicing accounts. You'll find links to its separate lists of Load Funds, No Load Funds, and NTF funds next to the fund search box near the top of this page.
True, it currently charges no commission (transaction fee) for any of them. But I can't find a statement that it waives loads on any fund in its load list. Take PIMCO for example.
All the PIMCO A shares such as PIMAX are on the load fund list (Type = LOAD). It at least appears that one would pay a load for these shares, just as one would at Fidelity. Unfortunately, Firstrade does not sell PIMCO Institutional class shares such as PIMIX.
Speaking of WellsTrade, it looks like PIMIX is available there with no transaction fee and no minimum. I walked away from WT years ago for a variety of reasons and have never looked back. So this is not a recommendation to consider them.

Over the years I have had wonderful investment ideas thrown my way on this site which, I very infrequently post to. I thought I would share my experience with everyone who might be interested, as it is saving me loads of cash. And no I have no affiliation with this company.
6 months ago Wellstrade (Wells Fargo) sent me a letter telling me that my free 100 per year transaction fee fund purchases/sales would no longer apply. This, after I opened the account 10 years prior because of this promised feature. Let us not even discuss the nefarious other stuff going on with this company. So after due diligence I moved most of my fund portfolio to Firstrade. I left a few NTF funds and ETF's which are fee free for trading in the account.
Since September I have found the company has over 12,000 funds all ntf. I really could not find any fund I was interested in, not available. Even better many of the institutional type funds are available with $500 minimum investments. So with no transaction fees and institutional expense ratios less than the investor funds, I am saving quite a bit of buckeroonees. ACH transfers are available immediately for trading. No 2-3 day waits any longer. The online site is very easy to use.
And now the bad. If you need customer service by phone expect a long, long wait, usually 20-90 minutes. That is not a typo. Having a huge load of cash invested ,does not give you preferential treatment unless you trade frequently and that does not include funds. Only one bank account for etf transfers can be linked to your account. Transfers and other business takes a little longer than at the major brokerages. Fund prices are updated around 6-7 am the day after the transactions or market price changes.
All in all for, for saving gobs of money especially if you have a large fund portfolio, will be a godsend,as long as you can tolerate the above quirks ,which I have found to be quite tolerable. My other big box brokerages have better service but of course the cost is higher . Hopefully this information is useful to some. I just love this site and wanted to provide a great money saving idea for those interested. Have a great day Fundly

Absolutely do your own diligence. First, we don't know how long or how high the leverage has been. Second, the 10 year was much higher years ago and the fund did OK too. Third, the manager has been using short positions too. Per M* fund holdings I can see 2 positions at -10.03% and -9.89

What FD is missing here is the leverage is HIGHER now then earlier in the year.
With HIGHER leverage and the corresponding INCREASE in treasury rates, interest costs and the associated risk for the leverage has increased then earlier in the year.

The input thus far is very much appreciated. Additional thoughts are welcomed. FTEC is an excellent choice, too; as we also invest in this etf. @Old_Joe , yes; Ted would state that QQQ is the one. @davidrmoran , yes, perhaps Ted would also suggest these. If there were a larger dollar amount available, I would also be tempted to suggest some of the money be split into FSMEX or IHI (an eft twin) for direct exposure to medical tech.
SPY and most related indexes that track the SP-500 are a blended U.S. equity position. I do not consider this a poor choice for many portfolios; but consider an investment in QQQ or similar to be a better fit for a young investor. SPY type funds do represent a much larger sample of U.S. equity; but one also finds sectors of this area that can be a drag on performance, too. Over the past several years, financials and energy have been brakes on performance. But, the recent inclusion of TESLA and other ongoing changes will continue to affect this mix.
SPY

Sectors	Fund %	Cat %
Basic Materials	2.42	2.61
Consumer Cyclical	12.66	11.17
Financial Services	13.90	13.42
Real Estate	2.29	2.47
Communication Services	10.26	10.21
Energy	2.60	1.90
Industrials	8.83	10.11
Technology	23.82	22.81
Consumer Defensive	6.78	7.99
Healthcare	13.77	14.76
Utilities	2.67	2.54

QQQ
With this is a much smaller sampling of U.S. equity (100 companies), but oriented to growth; but using market capitalization size to establish the holdings and percent. The prospectus indicates that the holdings percentage may be and are adjusted throughout any given time period.

Information Technology	47.90%
Consumer Discretionary	19.29%
Communication Services	18.22%
Health Care	6.39%
Consumer Staples	5.15%
Industrials	1.88%
Utilities	0.96%

Industry exposure:

Software	15.27%
Semiconductors & Semiconductor Equipment	13.96%
Technology Hardware, Storage & Peripherals	12.37%
Internet & Direct Marketing Retail	11.95%
Interactive Media & Services	10.35%
IT Services	4.59%
Automobiles	4.43%
Biotechnology	3.98%
Media	3.39%
Entertainment	3.11%

Thank you @Observant1 Every little bit of knowledge helps someone.
This connects to my QQQ post about the continuous attempts to awaken brains about investing, both young and old. I established and encouraged investment learning in 1985 when an investment club was put in place among 14 co-workers. After 5 years and too little interest or participation, the club was dissolved. But, years later I still had comments related to could've, would've and should've given more attention. Even with the brief market melt in 1987, the club had a very nice profit period. Some did benefit a bit when a 401k was introduced within the company. A few small victories here and there.
I'll add again, that we've presented the following book as an additional wedding or birthday gift.
The Millionaire Next Door, written in 1996. The math values provided in the book are from this time frame, but the "heart" of the book is about one's treatment of hard earned money.....how not to piss it away. Which leaves money for investing. A personal finance book in the best form, that also applies to current investors.

The April 2020 quarterly newsletter describes the SVARX active management approach over the preceding two years. The chart provides a good visual description. Scroll down to the Active Management section of the newsletter. (Reviewing the 12/31/19 and and 3/31/20 portfolio composition in the table above that section is also instructive.)
THE FULL SPECTRUM - April 2020