Edward Jones' Proprietary Funds Are Outselling Nearly All Active Managers The more I read, the more I think VMVFX (and maybe a bond fund, if one doesn't want to view SS payments as a bond.)
I look at fees as a percentage of what I earned that year. If I pay 1% and earn 5%, I pay 20% of earnings. (VMVFX still costs me >6%.) If I lost money, I don't even want to go there. If someone had been with me from year zero (which NEVER would occur, because I was in debt at year zero), had advised me well, and I had on the average earned 5 to 8 X her charges yearly (10 x would be better), I'd probably be happy, even if she had taken 15% or more of my earnings.
But, if someone wants me to pay them $50K - $200K over 10 years, they had better promise me $0.5 to 1M better than VTI during that interval to justify their cost. If all they are offering is downside protection, they had better cost much less. (Timing may be everything, but it's extremely difficult, and you probably still lost money.)
Since I don't believe it is 4X more difficult to advise a $2M portfolio than one of $500K, I would opt for hourly reimbursed advice even if it's padded by a couple of hours, if I trust the adviser.
RNDLX DBLFX= DLFNX, for those who don't hold at least $100,000.00 in the fund.
RNDLX The ER of the fund itself (according to their fact sheet) is 1.16% -- the remaining expenses are for the underlying funds.
RNDLX has a CEF allocation and a bond allocation (currently divided about 50/50). The CEF portion is something like a fund-of-funds, but presumably they are trading opportunistically to buy CEFs at a discount to fair value. Whether that is worth 1.16% is the real question.
The bond allocation is managed by DoubleLine and presumably a similar strategy as available through other funds such as ADBLX and DBLFX. Even using the 1.16% figure, RNDLX is notably more expensive than the other DoubleLine funds, so you are certainly paying mostly for the CEF side and for the overall portfolio allocation.
International Equity Funds Receive $22.4 B In June, Says Morningstar
RNDLX The ER of 1.6% is not unusual for a fund of funds and the trading strategies employed. You do realize that RNDLX is basically a fund comprised of CEF's (Closed-End Funds) i.e a fund-of-funds. I also don't quite know what to make of M* list of portfolio holdings other than they most likely not referring to a portfolio of approximately 753 individual bonds and 5 stocks.
Their top holding, Pimco Dynamic Credit Income (PCI) shows a portfolio of Bonds - 525 long + 1 short and Other - 100 long + 226 short. How is that accounted for in what M* shows as the portfolio holdings of RNDLX?
Of further interest to me here is that one could own PCI outright and earn a 9.46% distribution or you could own it by paying 1.6% to RiverNorth to own RNDLX shares and collect 5.3% for your money.
Gosh I wish Ed was still around these parts talking CEF's.
Mutual Funds Are Front and Center In Puerto Rico Talks Several of the Mutual Series funds hold the same PR bond (rated CC/Caa/CCC- by Fitch/Moody's/S&P), trading around 72 (and it was issued with OID) - not too bad. CUSIP
74514LE86.
No other PR bonds on a quick scan.
