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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
  • Buy Sell Why: ad infinitum.
    Three excellent funds tailored for conservative investors that I track tell the story. All are YTD performance figures (from Fidelity) as of last night.
    VWINX -10.24%
    TRRIX -12.26%
    PRSIX -12.86%
    If you really want to freak out … Dodge & Cox’s global stock fund (DODWX) is outpacing all of the above with a -8.5% return YTD. Board favorite PRWCX is also doing better than the three noted above. Probably many more exceptions.
    Franklin might have said, “When bonds go dry we know the worth of ballast.”
  • Schwab Issued Corrected 1099 in August!
    General advice from CPA's is to not bother with a 1040X unless income impact is greater than $1,000.
  • Gundlach: DEFLATION???
    For a guy born in 1959, I think he is naive about inflation.
  • Schwab Issued Corrected 1099 in August!
    +1 Makes me think I only want to hold etfs at Schwab-no oefs !
  • Schwab Issued Corrected 1099 in August!
    So, there are funds beyond Nuveen/TIAA - from Price, Vanguard, etc.
    I am fairly sure now that Schwab a found a bug in its internal cost-basis system, i.e. average cost-basis for mutual funds (default). Funds mentioned SO FAR are bond funds.
    Remember, some initial responses to the OP post were that if fund firms revise data, brokers have to issue 1099. But these revisions are for "transactions CGs" (vs distributed CGs* or income or ROC*) for which there are definite sale prices (not changed) and internal average cost-basis for mutual funds.
    *None in my case
  • Schwab Issued Corrected 1099 in August!
    I received a corrected Schwab 1099 today reporting an increase of $0.34 in Short-Term Realized Capital Gains-a transactional CG as referenced by yogibearbull, split between VCFAX and TRBUX . Since the total is less than $1.00, I'm going to ignore this 1099 malarkey ! Currently hold neither fund.
  • Buy Sell Why: ad infinitum.
    We are approaching September 6 levels. That was just a week+ ago.
    1-day decline is the worst since mid-2020.
    It was 95% down-volume day.
    See major indexes since 1/3/22, https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p13443845664
  • LHA Tactical Beta Variable Series Fund to liquidate
    https://www.sec.gov/Archives/edgar/data/1199046/000158064222004690/lhatact497supp.htm
    (the fund has no symbol yet)
    LHA TACTICAL BETA VARIABLE SERIES FUND
    Supplement to the Prospectus
    and Statement of Additional Information
    dated
    May 1, 2022
    Supplement dated September 13, 2022
    The Board of Trustees has determined that it is in the best interest of shareholders to liquidate the LHA Tactical Beta Variable Series Fund (the “Fund”).
    As of the date of this supplement, the Fund is no longer accepting purchase orders for its shares and it will close effective October 7, 2022 (the “Closing Date”). Shareholders who are insurance company separate accounts or qualified plans may redeem Fund shares at any time prior to the Closing Date. Individual investors may redeem Fund shares through their variable annuity or variable life insurance contract. Procedures for redeeming an account, including reinvested distributions, are contained in the section “How to Redeem Shares” of the Fund’s Prospectus. Any shareholders that have not redeemed their shares of the Fund prior to the Closing Date will have their shares automatically redeemed as of that date, with proceeds being sent to the address of record.
    Effective immediately, the Fund is no longer intends to pursue its investment objective. All holdings in the Fund’s portfolio are held in cash. Any capital gains will be distributed as soon as practicable to shareholders and reinvested in additional Fund shares, unless you have requested payment in cash.
    * * * * * *
    This supplement and the Prospectus provide the information a prospective investor should know about the Fund and should be retained for future reference. The Prospectus and a Statement of Additional Information dated May 1, 2022 have been filed with the Securities and Exchange Commission and are incorporated herein by reference. You may obtain the Prospectus or Statement of Additional Information without charge by calling the Fund at 1-833-351-2991 or visiting www.lhafunds.com.
  • Buy Sell Why: ad infinitum.
    August CPI came in 8.3%, not much improvement. While gasoline price is down but food and others went up. Consumer spending remains strong. Core-CPI went up to 6.3% from that of July’s 6.1%.
    Today, 10 years treasury moved up to 3.431% and the market falls.
  • Schwab Issued Corrected 1099 in August!
    It is irritating. May be comical?
    Schwab has issued ANOTHER corrected 1099 in September involving the SAME short-term muni fund FLTDX from Nuveen/TIAA. Again, the changes are for transactional CGs (ST, LT), and not in reported income or CG distributions. As these changes are related to mutual fund cost-basis recordkeeping, the issue can be with Schwab and/or Nuveen/TIAA. The total underreporting of CGs is now $50 (vs $30 in August correction). I may not do anything still.
    If you didn't hold FLTDX, this won't apply to you.
  • Buy Sell Why: ad infinitum.
    Let’s hope that August’s CPI number releases on Tuesday, Sept 13 is lowered than than of July, peaking of inflation maybe the turning point of the Fed to slowdown the rate hike. Many said a 50 bps is more likely. Think I will buy more treasury after the rate hike and hold them to maturity.
    I have been trading commodity futures in and out several times this year. Winter is several months away. Energy and food may lead the market again.
  • Harbor Emerging Markets Equity and Money Market Funds to liquidate
    Harbor hung on to its tiny m-mkt fund (about $90 million AUM) all through ZIRP and other crises (inception was 12/1987). But now that things are looking better for m-mkts, it decided to shut it. I looked for some rationale in the news but didn't find any. There isn't any warning or alert posted on the website. Did Harbor make arrangements with another m-mkt fund?
    https://www.harborcapital.com/fund/HARXX?category=Fixed#Documents
  • Harbor Emerging Markets Equity and Money Market Funds to liquidate
    https://www.sec.gov/Archives/edgar/data/793769/000119312522242476/d384549d497.htm
    497 1 d384549d497.htm HARBOR FUND - SAI SUPPLEMENT

    111 South Wacker Drive, 34th Floor
    Chicago, IL 60606-4302
    harborcapital.com
    Supplement to Statement of Additional Information dated March 1, 2022
    September 12, 2022
    Harbor Funds’ Board of Trustees has determined to liquidate and dissolve Harbor Emerging Markets Equity Fund and Harbor Money Market Fund (each, a “Fund”). The liquidation of each Fund is expected to occur on December 9, 2022 (the “Liquidation Date”). The liquidation proceeds will be distributed to any remaining shareholders of the Funds on the Liquidation Date.
    Shareholders may exchange shares of a Fund for another Harbor fund, or redeem shares out of a Fund, in accordance with Harbor’s exchange and redemption policies as set forth in the Funds’ prospectus, until the Liquidation Date.
    In order to ready the Funds for liquidation, each Fund’s portfolio of investments will be transitioned prior to the planned Liquidation Date to one that consists of all or substantially all cash, cash equivalents and debt securities with remaining maturities of less than one year. As a result, shareholders should no longer expect that each Fund will seek to achieve its investment objective as stated in the Funds’ prospectus.
    Because the Fund will be liquidating, Harbor Emerging Markets Equity Fund is now closed to new investors. Harbor Money Market Fund was closed to new investors after the close of business on Friday, May 15, 2020 and will remain closed. The Funds will no longer accept additional investments from existing shareholders beginning on November 25, 2022. As of the Liquidation Date, the checkwriting privilege for shareholders in Harbor Money Market Fund will terminate. Effective immediately, check books will no longer be issued. Any checks written prior to the date of this supplement will be honored. Any checks written after the date of this supplement will be payable until the Liquidation Date.
  • AlphaCentric Income Opportunities - A Cautionary Tale
    Another piece of the puzzle, at least in 2021, last time I held any shares in it, was that a chunk of the distribution was ROC. At one point in the last quarter, the ROC for the year was 50% of the total distribution. The actual income was pitiful.
  • AlphaCentric Income Opportunities - A Cautionary Tale
    "No matter AlphaCentric Income Opportunities’ fate, it offers a cautionary tale about the role of bonds in a portfolio. This Fund Spy will tell that tale. Along the way, we will see why the risks the fund courted and the corners it cut laid the seeds for its rise and fall. In the end, the lesson here is simple. Investors who chase performance in an increasingly complicated and obscure fixed-income market should beware lest years of returns evaporate in a matter of months—or less."
    Link
  • Wasatch re-opens six funds
    https://www.sec.gov/Archives/edgar/data/806633/000119312522239572/d269934d497.htm
    The following funds are no longer "soft-closed":
    -Wasatch Core Growth
    -Wasatch Small Cap Growth
    -Wasatch Ultra Growth
    -Wasatch Small Cap Value
    -Wasatch Micro Cap
    -Wasatch International Opportunities
  • The Lonely Bull
    Yes sireee
    -24 or 27% haircuts last downturns ( could not remember)
    -17% now
    Coming back slowly
    Forgot added VHT tech also last wk
    Friends also loaded ton slv gold 7d ago
  • The Lonely Bull
    @JohnN. It almost sounds as if you're operating your own mutual fund(?)
    1. Choose securities adroitly, selectively.
    2. Invest in a handful.
    3. Leave it alone.
    :)