A Bond ETF With An Equity Feel: (CWB) Understood, tks for the feedback. We are measuring and weighting differently the stats of ANNPX and the alts you called out. Typically I give zero to low weight to periods below three years. I place a high weight on Sortino, rolling period averages and MaxDD.
VONE has done well, below are some comparative stats between VONE and ANNPX, first number is ANNPX, second number is VONE
3Y Stats
APR: 27.5, 26.1
MaxDD: 13.8, 20.3
Sortino: 3.25, 2.36
Rolling 1Y APR: 34.1, 24.8
5Y Stats
APR: 19.7, 18.3
MaxDD: 13.8, 20.3
Sortino: 2.56, 1.72
Rolling 3Y APR: 21.1, 14.9
A Bond ETF With An Equity Feel: (CWB) @davidmoranWhat are the downsides that you see?
ANNPX 1
5,20,2
5 year stats over PRWCX are very solid. I like to use PRWCX as a benchmark against any new fund I am evaluating given the long term solid track record of PRWCX. I'm surprised that a fund with performance stats comparable(and better in some areas) to PRWCX has not been discussed more on this forum.
A Bond ETF With An Equity Feel: (CWB) Reviving this thread! Anybody have further thoughts on ANNPX? Virtus AllianzGI Convertible Inst
Performance of ANNPX is outstanding. Some select stats below
Age = 28 years, Mgr Tenure = 28 years
Life APR = 11.6 which beats SP500 by 0.8
Max DD = 42.6 vs. SP500 at 50.9
Life Sortino = 1.07 vs. SP500 at 0.86
TRP ridiculousness Going further, Thomas Rowe Price, Jr., after founding the company in 1937, sold all his interest by 1970. So while I'm sure he raised a pretty penny from those sales, he and his heirs may have a greater total return in the
52 years after that than he did over the 33 years he owned the company.
By 1970, Mr. Price had sold out all holdings in the company he had created and turned his energies to managing portfolios for his family and a few friends.
https://www.nytimes.com/1983/10/22/obituaries/t-rowe-price-85-growth-stock-strategist-dead.html
I'm Not Sure Wood at ARK ETF Knows What "Soul Searching" Really Is @davidrmoran Agreed the thread has run its course, but “foolish impugning hed” is foolishly impugning. To say in the same interview, in the first thread link, that one is doing a lot of “soul searching” about recent losses while boasting in the same interview of future annualized returns of 40% over the next five years does not seem to fit with what the meaning of “soul searching” is. Since that boast, the fund has lost over 2
5% of its value. To me, what’s cruel is what shareholders who believed such statements have just experienced. Given the religiosity of the subject, the hed was apt. As you would say, kerrist.
TRP ridiculousness Who owns Fidelity?
“Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees. Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward “Ned” Johnson III in 2014.”Who owns T. Rowe Price?
T Rowe Price is publicly owned. Something north of 70%, however, is owned by large institutions. Non-institutional holders (you and me) own less than 30% (closer to 2
5% by some accounts).
I'm Not Sure Wood at ARK ETF Knows What "Soul Searching" Really Is The M* link within the article (probably already posted) is droll as well:
https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-investIt all seems to me simply like a tech gogo way up / way down event, such as some of us have seen in the past. Extremely hot 'n' hopeful followed by plunging losses. Like a 199
5 Robertson Stephens fund (in some of which I and many others made and lost serious moneys; they underwrote the IPO of the startup where I worked, and held extremely exciting staff meetings).
The foolish and cruelly impugning subject hed here, plus Wood's own dumberer pronouncements, and this idiocy --- seriously??
\\ Terrible destruction of wealth.
\\ Willingly acts to cause harm. She must've known this was all bullspit no?
\\\ At what point does this cross over into malfeasance? Did Wood not enrich herself thru promotion of her fund? kerrist kerrist
quite apart from the opaque silliness of 'If Wood has made positive public pronouncements
unwittingly' and 'guess we'll know in
5 years' (hell, we'll know about everything then!), ...
yeah, way past time to leave the subject.
What a thread.
Global Markets Holidays thru April 15, 2022
TRP ridiculousness As I understand it, it takes $2
50,000 with Price to obtain that elite
“Flagship” status. Pity the “poor” soul with just $249,999 invested there that has to suffer their endless inadequacies and incompetence. Think of all the “newbies” just starting out on their decades long investing path.
@Davep - I’m glad your experience with TRP has been exemplary. And thank you for sharing. Two or three years ago I’d have written something similar. Not today.
