T Rowe Price Equity Index 500 Portfolio to be liquidated https://www.sec.gov/Archives/edgar/data/918294/000174177323003563/c497.htm497
1 c497.htm
FOR EXP STAT AND SUMMARY STICKER
10-26-23
T. Rowe Price Equity Index 500 Portfolio
Supplement to Prospectus and Summary Prospectus dated May
1, 2023
At a Board meeting held on October 23, 2023, the fund’s Board of Directors approved the liquidation and termination of the fund. The liquidation is expected to occur on April 26, 2024 (“Liquidation Date”). Prior to the Liquidation Date, the assets of the fund will be liquidated at the discretion of the fund’s portfolio management and the fund will cease to pursue its investment objective. In anticipation of the liquidation, effective April
12, 2024, the fund will be closed to new insurance providers or existing shareholders to purchase fund shares. After the fund is liquidated, the fund will no longer be offered to shareholders for purchase.
The date of this supplement is October 26, 2023.
E308-04
1 10/26/23
CD versus Money Market Rates If anyone is looking for CALLABLE CD’s at Schwab they are to be found by going to TRADE, Then BONDS, and the CD’s listed above the Bond grid are generally callable.
Probably a few ways to get there,
@larryB. My clicks are 'research tools' - 'bonds, cd's, fixed income'.
In any case, I, and I'm probably in the minority, am all about getting the few
10th's of a percent more out of Cd's and bonds by buying callables. I have spread out a bunch of CDs and bonds over a 2 year period, but I haven't built structured ladders, so if a CD or bond is called, so be it. I collect the higher interest until then. But, I do understand the other side of the argument.
Leuthold: it's "into the dumpster"
SIGIX and DODEX DODEX was discussed in the following MFO
thread.
+1
D&C is a fine house. Low fees for actively managed funds. I was there (no longer am) about 20 years. Always felt like they were a bit more aggressive on their equity investments than some, which paid off handsomely if you had the patience to hang in there. Just an unscientific impression. Privately held (I like) and a history dating back to the 1930s.
I also like D&C for many of the reasons you state.
1) Privately held
2) Low expense ratios for active funds (right out of the gate)
3) Team-managed
4) Managers and analysts are long-tenured
5) Never created mutual funds to take advantage of latest investments fads - manage only 7 distinct funds
SIGIX and DODEX DODEX was discussed in the following MFO
thread.
+
1D&C is a fine house. Low fees for actively managed funds. I was there (no longer am) about 20 years. Always felt like they were a bit more aggressive on their equity investments than some, which paid off handsomely if you had the patience to hang in there. Just an unscientific impression. Privately held (I like) and a history dating back to the
1930s.
AAII Sentiment Survey, 10/25/23 AAII Sentiment Survey,
10/25/23
BEARISH remained the top sentiment (43.2%; high) & neutral remained the bottom sentiment (27.5%; below average); bullish remained the middle sentiment (29.3%; below average); Bull-Bear Spread was -
13.9% (below average). Investor concerns: Budget; inflation; economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine (87+ weeks, 2/24/22-now); Israel-Hamas; geopolitical. For the Survey week (Th-Wed), stocks were down, bonds flat, oil down, gold up, dollar flat. Bond vigilantes are keeping long-term rates high. UAW & Ford settled. DC has House Speaker. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1221/thread
Does the market know something we don’t? Yeah, not to mention the incompetent buffoon crime lord we have sleeping in the White House, with all his grossly inept, corrupt appointees running the country into the ground.
The incompetent buffoon crime lord lost the election in 2020 and is no longer in the White House.
Perfectly stated.
CD versus Money Market Rates I think it makes sense if your liquidity needs are low and you can create a CD ladder of 3,6,9,12-month maturities. You will only need to keep cash you need less than 3 months in MM-Funds.
Selling Like Hotcakes - PIMIX, DODIX I'm surprised by the magnitude of DODIX inflows.
DODIX is struggling this year (-1.77% YTD) as are many intermediate core/core-plus funds.
Maybe these investors are focused on higher expected future returns
instead of dwelling on recent performance for a change?
Buy Sell Why: ad infinitum. Adding to TS in baby-sized bites. M* says the SP500 is 4.18% in energy.
I'm at 17.63%.
PRNEX. 10%
ET. 4.41%. pipelines, midstream. Finalizing acquisition of Crestwood right now.
TS 0.48% manufactures drilling pipes.
529 Plan Vanguard Interest Acc Portfolio/Nevada Short term Reserves fund
Buy Sell Why: ad infinitum. “Some say 'government' some say 'clown car' others say 'insane asylum.' I say: 'Time for another scotch.' :)”
Just priced coffee online. Anything good’s selling for $1 - $2 per ounce. Actually, you could buy a half decent bottle of scotch for what a pound of coffee costs now.
Been playing around moving the deck chairs - well, bits and pieces of ‘em anyway. Sell @ $1.05 and buy something else for 97 cents. I think it’s called rotation. :)
Buy Sell Why: ad infinitum. I don't expect to reinvest the proceeds until after there is something like funding for the government going forward.
What government?
Some say 'government' some say 'clown car' others say 'insane asylum.' I say: 'Time for another scotch.' :)
B/S/W-wise, BUI and BME continue to look interesting on the decline. Might add to unlevered BUI below
18.50 and continue to waffle about starting a position in BME for the unlevered healthcare exposure at some point. ASGI is another unlevered infrastructure play but I'm iffy on 'abdrn' for some reason.
I continue to stalk preferreds to buy (or add to) on declines. For tax purposes, I find their QDI much more attractive in my taxable account than 5% treasuries.
529 Plan Vanguard Interest Acc Portfolio/Nevada Short term Reserves fund Q for the community. Vanguard's Interest Accumulation Portfolio (a choice I'm considering for the 529 plan) is in Nevada Short Term Reserves fund. That has a benchmark of 90% in 3 month Tbills. However, its YTD return is
1.83% Why? Why is it so hard to just stuff some Tbills in ? Appreciate if anyone can help.
@ybb I've looked through your website on 529s and it was very helpful. ALso bogleheads has a similar question about why this Nevada plan is a stinker?
https://investor.vanguard.com/accounts-plans/529-plans/profile/4528
Does the market know something we don’t?
Selling Like Hotcakes - PIMIX, DODIX @BaluBalu - I’m mentally pulled in three directions:
1) Buy the Dip in Equities, 2) purchase 3,6,
12, or 2-yr treasuries, or 3) just leave the cash in VMFXX and collect monthly. Sheesh! What’s a retiree to do? Well, at least there’s a choice.
Selling Like Hotcakes - PIMIX, DODIX Well, maybe I need a new set of specs, but I’m seeing DODIX off 11% last year and down another 1% percent this year …
It would be interesting to know where those inflows into DODIX are coming from? From other D&C funds, or is it new money coming into D&C?
Selling Like Hotcakes - PIMIX, DODIX With so much negativity on bonds around, here is some interesting data on YTD inflows for 2 familiar bond funds:
Multisector PIMIX YTD inflow +$
13 billion or +
11.4% of AUM (cousins ETF
PYLD; CEFs
PDI, PDO, PAXS)
Core-Plus DODIX YTD inflow +$6 billion or +
10.2% of AUM
Inflows for LC-growth OLGAX top the M* list.
https://www.morningstar.com/funds/3-hottest-selling-funds
