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A bit more muted returns compared to the open end junk munis. But agree TSP-Transfer it has been excellent over the years and very trend persistent with low volatility. It may have a place in my portfolio someday were I to spend less time obsessing over the markets. For now, the short term redemption fee is the deal breaker.Had this discussion before but with 50% B credits or lower and near 50% in Munis PTIAX should be included in a high yield muni discussion.The fund keeps chugging along.
https://www.google.com/finance?q=MUTF:PTIAX&ei=MNKWVrneEpeSefmYudgO
http://www.ptiafunds.com/images/website/documents/fund-documents/ptiax_factsheet.pdf
The yield is in that area.Had this discussion before but with 50% B credits or lower and near 50% in Munis PTIAX should be included in a high yield muni discussion.The fund keeps chugging along.
Maybe a good move AndyJ Treasuries are suddenly in a world of their own. The munis have not been following along this time around (or at least the past couple days) So much for the divergent strength in junk corporates. Hold about 90% in the junk munis now with the rest in cash but will be alert to any weakness. I sell on price weakness and never strength. A .075% to 1% decline in the open end and I will be 100% in cash. If junk corporates would show me something positive price wise would love to nibble there. I had thought maybe they would come out of the gate better in January and had 15% there at the beginning of the year but was wrong.Ended up selling two muni cef's today. They've gone parabolic in the last couple of weeks, up to a 10% total return for 4 months, can't keep that up. Nibbling now at a short duration junk corp/mortgage cef that's picked up some momentum lately.
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