Hi davfor,
I got 46. But what happened in 55 to be so high?
God bless
the Pudd

@mark
This is a very unique time for me and why I will answer your question :-)
My goals as a retiree are: I need to make only 4.5% including inflation (Based on 2019, maybe I need only 4%) average annually to sustain our standard of living. But, I still want to make 6% with the lowest volatility (SD < 3) and never lose more than 3% from any last top.
YTD mostly in 2 bond funds investing at a higher % in NHMAX + lower % in IOFIX. Last Thursday, I sold half of NHMAX. On Friday, I sold all of NHMAX + most of IOFIX. This YTD (chart) is the answer to why.
So, why now? rates went low very quickly, NHMAX is up nicely YTD. I want to bank my sure money. Later. I will enter again depending on markets. Maybe a ST fund like NVHAX or less "risky" fund like OPTAX.
IOFIX did so much better than most other Multisector funds, again, I'm taking my profit and watching. There is no way to be sure how IOFIX will do if markets go wild.
VIX is extremely high and stocks crashed very quickly this week. I bet our Fed (and maybe other abroad) will do something, I will buy 10-20-30% stocks based on markets.
Volatility is my friend.
Generally, I'm rarely in cash. In the last 10 years, I was in cash for 2-3 weeks in 2013 and Q4/2018. I go to cash when I'm not confident about markets and especially about bonds.
The above is beyond the scope of this thread and just for info purposes. As I posted before I like to keep this thread as BOND OEFS analysis.
I don't mind discussing trades, my style or any other subjects (including stock funds or investment concepts) on a new thread.
I will make another substential post tomorrow for the month of February and more thoughts.

The former trader in me totally saw the "rip your face off" action into and after the Friday close (when the futures ROARED positively higher) -- given this week's action, it was pretty predictable imho. And RUMINT was that there might be some coordinated central bank action over the weekend off-and-on during the day as well .. but I agree, I doubt ppl wanted to be overly short going into the weekend, just in case. Asia's open on Sunday will be interesting!

Hi Skeeter,
Yeah, I agree with you. I added Friday about 3:45pm. How did I know right after I bought, the S&P went from -2.3% to -0.8% or so. Why???!!! It was Friday......getting weaker into the close. That's why I bought. No one wants to hold over the weekend.....no? So,.....why??? All I can say is it must be political. Anyway, don't sell bonds. I still think we go to 0%, so there's money to be made. Saying all that, I did buy FXAIX because I didn't know what else to do.....lol.
God bless
the Pudd

Hi Skeeter,
Yeah, I agree with you. I added Friday about 3:45pm. How did I know right after I bought, the S&P went from -2.3% to -0.8% or so. Why???!!! It was Friday......getting weaker into the close. That's why I bought. No one wants to hold over the weekend.....no? So,.....why??? All I can say is it must be political. Anyway, don't sell bonds. I still think we go to 0%, so there's money to be made. Saying all that, I did buy FXAIX because I didn't know what else to do.....lol.
God bless
the Pudd

Earlier in the week I added to a couple of my good dividend paying equity funds when the S&P 500 was down -8% (Wednesday) and then again at -12% (Friday).
Based upon recent stock and bond market movements ... I ponder ... should I continue to add to my stock funds as stocks are oversold; and (or) perhaps, trim from my bond funds as bonds are overbought? Hopefully, the FOMC will cut rates helping both stock and bond values? And, with this anticapted rate cut ... in mind ... I'll just rock along and watch for a while longer and see what the FOMC does. I'm pretty close to being fully allocated in both equities and bonds within my asset allocation. I'll probally wait towards the end of March and then square my asset allocation.
Sometimes, it pays to just sit!

PUCZX has dropped 1.36% in the last week, and PIMIX has dropped 1.01% in the last week--maybe you are right in that in at least the last week of this market correction, both of these multisector bond oefs were poor performers. JMUTX was down .58%--not great but better than PIMIX and PUCZX. VCFAX was only down .05%, so it held up very well in this correction so far. The last week is a good measure of how these funds will perform in major peak to trough downmarket periods.

PUCZX is a fund with several moving parts and why it's harder to predict every move. PIMIX is another fund like that. PUCZX is down 1.4% from its top while PIMIX is down "only" 0.7% but for 3 years PUCZX performance is better than most. BTW, IOFOX SD is higher than many but its performance is way better than most.
According to MFO databased when you search for Multi sector funds for 3 years + best martin ratio you get the following funds
Fund performace
ANFIX 5.3
IOFIX 10.6
SEMMX 5.1
BDKNX 5.7
ANGLX 4.2
PUCZX 7.2
ZEOIX 3.3
IISIX 5.2
TSIIX 4.9
JMUIX 6.2
RCTIX 7.8
DPFNX 6.2
ENIAX 3.9
JMSIX 6.1
MINC 2.9
PIMIX 5.7
For several years I have been using mainly a subsector of Multi which is securitized. The following funds have at least 85+% in it. DHEIX,SEMMX,VCFAX,DPFNX,IOFIX. In this category, SEMMX has the best performance for SD<1 and IOFIX has the best performance over 10% annually for SD< 2.7. There are only 2 Multi funds with performance over 7% RCTIX,PUCZX.

And one chart from Deutsche Bank’s Torsten Sløk shows just how severe this decline has been and makes clear to investors that the coronavirus selloff doesn’t just feel like a unique market event — this time really is different.

This is an impressive chart. My sense is rich valuations linked hands with uncertainty about the virus to produce this outcome. It will probably take a few weeks for a clear understanding of the situation to emerge. In the meantime, I suspect the Fed will lower the discount rate to try to moderate the pain. But, how much good will that do in the short term if it turns out people are afraid to get on a plane or go to the grocery store? Maybe Amazon and MMM will prosper! Anyway, here is a link to the short article.
https://finance.yahoo.com/news/stock-market-selloff-chart-magnitude-morning-brief-105856893.html

https://www.google.com/search?source=hp&ei=Vi1ZXv25LMyMtgW5p7qYAg&q=Coronavirus+Has+Battered+the+Stock+Market.+These+Mutual+Funds+Are+Still+Holding+Up&oq=Coronavirus+Has+Battered+the+Stock+Market.+These+Mutual+Funds+Are+Still+Holding+Up&gs_l=mobile-gws-wiz-hp.3...2960.2960..4052...0.0..0.200.200.2-1......0....2j1.......0.ar5imyXU5S4
Coronavirus Has Battered the Stock Market. These Mutual Funds Are Still Holding Up
Incognito google search
By Daren Fonda
Updated Feb. 28, 2020 6:00 am ET / Original Feb. 28, 2020 5:03 am ET
The market’s tumble has hammered most stock funds. But a few mutual funds that use options and other alternative strategies have held up—and could be winners if equity markets continue to fall.

Provident Trust Strategy
PROVX is down 5% ytd but beats spy for 3 and 5 year.
Akrex is scary good.

FPA Crescent is down 4.5% for year vs 7.5% for spy , but it is allocation fund with 30% cash.

S&P 500 is down 12% from the pear as of Feb 12, 2020. That is less than 2 weeks ago.

So far for YTD and the last several crazy days, IOFIX easily beat all these "lower volatility" multisector funds.
See YTD (chart) of IOFIX,PIMIX,VCFAX,PUCZX,JMSIX,JMUTX. The chart shows up to 2/27 but when I copy the link it's only to 2/26
IOFIX is the only fund that is still at the high for year.

Hi @Puddnhead: VWINX is performing well and is down only about 3.4% off its 52 week high. And, its five year total return has averaged about six per cent per year. However, it's yield is a little low for my taste at about 2.8%. But, its total return is superb. My hybrid income sleeve sports a yield of about 3.65% with an average total return of a little better than five percent over the same five year period.

Not to worry. The genius has it all covered.
Engage Information Suppression Engine

@Mona
Well, I don't know; but was curious, too.
Futures/forwards, fairly large percentage of holdings below BBB.
Some corp. and many junk bonds not having as good a time right now; as IG bonds.
Composition of PUCZX

PIMIX is invested at over 75% in securitized. A good replacement fund is VCFAX with about 90% in securitized. JMUTX+PUCZX are more diversified.
So, I would rate these 4 funds as follow. If you want lower SD then go with VCFAX, if you want better performance then go with PUCZX (its higher SD is still relatively OK)
Look at PV(link)

FD,
Why do you suppose PUCZX was down 0.38% yesterday? I do not recall this much movement.
Mona

https://www.investopedia.com/articles/retirement/08/catch-up.asp?utm_source=personalized&utm_campaign=homepage&utm_term=19558807&utm_medium=email
Late-Stage Retirement Catch-Up Tactics
Fund your 401/krothIRA

Hi @expatsp
Yes, supply chain remains a very valid circumstance. One item next (1) is more timely and critical for what has already started in U.S.; and the other (2) not so much, but provides a prospective, too.
1. I don't recall exactly, but a U.S. manufacturer; reported that their (electronic product) production is okay; except for final assembly and out the door to their customers..........well, because the needed final assembled power cord is from China, they are out of this item and apparently don't have a back up supplier.
2. The NHL players, and likely semi-pro and some college level are managing the use of their hockey sticks; as the PRO/individual/custom level sticks are 75% built in China. No inbound, replacement sticks.
@rforno noted previous about reaction to the POTUS news conference.
Lastly, and related to COVID and the president's news conference Wednesday evening regarding same. By chance, I was working in a separate room and had Bloomberg tv dialed up. I decided to watch. Pretty sad. A tiny overview from the press corp questions and what is the normal wandering around a subject to distract and deflect. Blamed so-called concern with the virus towards CNN, MSNBC and Dems. and fake news. Pelosi is incompetent, etc. The link below is a short read.
A few of the words from the conference.
Take care,
Catch

Most recent JAMA article 20% Chinese cases severe or critical
https://jamanetwork.com/journals/jama/fullarticle/2762130
Covid 19 is largely unknown and as the world has no immunity could infect almost everyone. The infection rate is estimated a two cases per contact, a bit less than regular flu, but far less than measles, so it may be slow moving but persistent.
The mortality rate seems to be lower than H1N1 flu pandemic in 2009 ( see below) but we really dont know as we can't trust Chinese statistics and the current testing methods are a bit suspect. It is unlikely the 11% seen in the H1N1 study quoted below, and I can't imagine the Chinese could have covered up 20% of 80,000 people dying but who knows. Per the JAMA article they claim overall mortality of 2.3% and 15% over 80 yo, far higher than usual flu ( less than 1% even in elderly)
"During the study period there were 1088 cases of hospitalization or death due to pandemic 2009 influenza A(H1N1) infection reported in California. The median age was 27 years (range,<1-92 years) and 68% (741/1088) had risk factors for seasonal influenza complications. 31% (340/1088) required intensive care. Rapid antigen tests were falsely negative in 34% (208/618) of cases evaluated. Secondary bacterial infection was identified in 4% (46/1088).
Overall fatality was 11% (118/1088) and was highest (18%-20%) in persons aged 50 years or older. The most common causes of death were viral pneumonia and acute respiratory distress syndrome"
What is not really known is the incubation period and if asymptomatic people are virus shredders and for how long.
While the 1918 pandemic deaths were largely due to pneumonia, as mentioned above, influenza frequently kills just by itself ( viral pneumonia and acute respiratory distress syndrome) especially in susceptible young people whose immune system goes into overdrive.
When we get data from more reliable countries like Italy and Korea we will have a better idea of the impact especially the hospitalization rate and mortality. This will be the human costs, but the economic costs will ( have already) include direct medical expenses, supply chain disruptions, people afraid to go out and travel and shop and go to work.
What I haven't heard much of is the fact that this could be far far worse. What if this thing had Ebola's mortality rate? There is probably a bat virus out there that does so we need to reevaluate our dependence on China, excessive foreign travel, cutting biological research funding etc etc.