Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

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.
  • Funds in Barron's, 7/25/22
    There are several fund stories in Barron's this weekend.
    https://www.barrons.com/magazine?mod=BOL_TOPNAV
    https://ybbpersonalfinance.proboards.com/thread/317/barron-july-25-2022-2
    FUNDS. Recommended are I-Bonds (9.62%; limit $10K/yr/TD account), individual TIPS (at Treasury Direct or brokerages), TIPS funds (short-term – TRBFX, STIP, VTIP; IT/LT – SCHP, VIPSX, TIP). Beware of confusing reporting of 30-day SEC yields for TIPS funds (some simply add current CPI to real 30-day SEC yield).
    FUNDS. Co-manager and Westwood CIO Adrian HELFERT of allocation/flexible-income WWIAX (30-50% equities; ER 1.09%) looks for companies with dividends, cash flows, durable competitive advantages, and strong managements. He increased exposure to energy and real estate. Fund does some call-writing. In fixed income, he has reduced duration and watches for default risks (debt/EBITDA, etc). He expects the Fed to flip at some point. Westwood recently acquired the multi-asset fund business of Salient Partners.
    FUNDS (online only). STABLE-VALUE (SV) funds within 401k/403b are complex products under insurance company or bank contracts. With high market volatility and rising rates, SVs have become very popular and record 85% of 401k/403b inflows in May went into SVs (that looks strange). But there are risks (lack of transparency; insurance company strength) and plan restrictions (equity-wash rules; flexible to limited redemptions). There was a recent lawsuit against AutoZone/AZO 401k-SV from Prudential/PRU (PRU recently dumped its retirement business including SVs on Empire).
    FUNDS. Sammy SIMNEGAR of LC-growth FMAGX and international LC-growth FIVFX (unusual for a manager to run 2 major Fido funds) has soured on big techs (but likes other techs). He thinks that the Fed will be on tightening course until it achieves its +2% inflation target. To prepare for economic slowdown, he is avoiding housing (but owns selected REITs) and low-end retail stocks. He has reduced China exposure; he doesn’t take China-Taiwan risk seriously and owns TSM.
    ETFs. Big DIVIDEND ETFs got bigger – SCHD, VYM, HDV, JEPI, SPYD, DVY, DGRO, RDVY, VIG, SDY, NOBL, DHS (listed by $inflows). Most had low exposure to energy except HDV and DHS.
  • Buffered ETFs: A Comprehensive Guide
    When Innovator launched the first defined outcome or “buffered” ETFs in August of 2018, I will admit I was a bit skeptical. Historically, ETFs that mirrored the kinds of outcomes long the province of structured products hadn’t been very successful at gathering assets. But I was hopeful: I believed then, and I believe now, that ETFs that shape the pattern of returns available in the risk markets are incredibly useful tools.
    With over $4 billion in assets (half of that coming just this year), I think it’s safe to say my skepticism was unnecessary, and my enthusiasm rewarded. But with over 50 buffered ETFs available in the market now, we thought it would be useful to put together a guide to how the products work, how you might use them, and what’s available.
    https://etftrends.com/buffered-etfs-a-comprehensive-guide/
    Also,
    Mentioned in this weeks Wealthtrack episode:
    Linked Here
  • news about Carillon Clarivest Intl Inst UMBWX?
    Check out page 3 of this link...the fund was reorganized, and the name is slightly different.
    https://www.carillontower.com/-/media/rj/affiliate-sites/carillon-tower/funds/fund-information/prospectus/loadfundsprospectus.pdf
    Except:
    Carillon ClariVest International Fund, formerly the Carillon Scout International Fund (the “Fund”)would be reorganized into the Carillon ClariVest International Stock Fund (the “Acquiring Fund”) (the “Reorganization”), effective on or about July 16, 2022.
    Carillon ClariVest International Stock Fund "I" class symbol is EISIX.
    or
    https://www.sec.gov/Archives/edgar/data/897111/000089843222000349/a497.htm
  • Your buy - sells July forward
    Well, from the S&P purchasing manager index this morning:
    Although supply constraints remained problematic,
    constraining economic activity, the weakening demand
    environment has helped to alleviate inflationary
    pressures. Average prices charged for goods and
    services consequently rose at a much reduced rate in
    July, the rate of inflation still running high by historical
    standards but now down to a 16-month low to provide
    some much needed good news amid the ongoing cost of
    living crisis.”

    with some fed context:
    https://www.nytimes.com/2022/07/19/opinion/inflation-prices-fed.html
  • Natgas, Europe: GAZPROM shut-off
    The seed of dependency on cheap Russian gas was planted when Chancellor Gerard Schroder was in power in mid 1990. Germany funded the pipeline construction throughout much of Europe in exchange for cheap gas supply.
    https://nytimes.com/2022/04/23/world/europe/schroder-germany-russia-gas-ukraine-war-energy.html
    It is a real mess especially when Germany is the manufacturing powerhouse in Europe. Solar and wind power account for 40% of electricity. Industrial production needs a lot more and there are few viable options. Natural gas required to be shipped in liquified form in ships.
  • Bluerock Total Income+ Real Estate Fund
    It is interest to read about BlueRock funds since private assets are not so readily accessible for small investors. This is an internal fund and has rather limited to advisors. Seem to me that is more suitable for institutional investors including college endowment and pension plans.
    @JD_co is correct that you can purchase the fund directly from BlueRock if you choose to do so.
    In addition to the management fee (1.5%), there are several other fees that amount to about 1.8-2.5%. A and L shares carry 4.25 and 5.75% front-end load, respectively, and they are likely to be use via an advisor.
  • M* screwing everything up again
    @Crash, yes, Stock Rover is not user-friendly or intuitive. There are many features with options that appear only on relevant pages, so a steep learning curve. I am still exploring/learning during the 14-day, no-obligation, free trial for its top of the line Premium Plus. I may post pointers in a few days.
    For now, to add/upload/Import portfolios, Click Portfolio on the left-menu, make sure that Portfolio heading is clicked/highlighted on the main page (Down-arrow will show full menu), then there is Create Portfolio in the right-panel. Entries can be made there manually OR portfolio uploaded/Imported from Excel (with Tickers, quantities, costs columns) OR via connections to selected brokerages (I won't be trying that).
  • What's on your buy list?
    21 July, '22: I'm finally enjoying the ride with Bar Harbor Bankshares. BHB. Back up over cost basis. Yahoo notes a "megaphone bottom." Dunno what that means, but I do see it is a bullish signal. But we'll see what happens after the expected rate hike coming up. ET is faltering. I suppose it's a good time to buy. RGR is rising lately. I'm paying more attention to single stocks these days, and my lone bond fund (junk) TUHYX. But this is a bear market rally, anyhow. Keep the Big Picture in mind.
  • Your buy - sells July forward
    Added one smallcap
    NVTA ( MAYBE 10 in 2 3 yrs)
    +more TSLA
    Added slv copx - leaps covercalled both
  • Natgas, Europe: GAZPROM shut-off
    Gas is turned back on at a reduced level.
    https://bbc.com/news/world-europe-62249015
    In the article it shows the wide distribution of Russian gas to the European continent. Russia wants to get paid in Rubles instead of Euro in order to keep their banks running.
  • What's on your buy list?
    Thanks @dstone42 for commenting.
    I’ve tracked ARKK quite a while and have observed that it moves up or down by 5-10% in a single day quite often. Same goes for one of its holdings, DKNG, which I’ve owned in the past. And 15-20% moves over 4 week stints have been common of late. These “innovative” stocks are incredible volatile.
    Any accolades are undeserved. No joy in capturing a bit of upside. Just got to a point where my cash / income sleeve had gotten uncomfortably low. Seemed like a good time to reign in risk a bit. Good point on buying and selling mutual funds late in the day, particularly those invested in the more volatile stocks.
  • AAII Sentiment Survey, 7/20/22
    For the week ending on 7/20/22, Sentiment remained very negative (despite improvement): Bearish remained the top sentiment (42.2%; very high) & neutral became the bottom sentiment (28.2%; below average); bullish became the middle sentiment (29.6%; low); Bull-Bear Spread was -12.6% (low; recent bottom 6/23/22). Investor concerns included recession; inflation & supply-chain disruptions (including natural gas supplies to Europe that did resume via Nord Stream 1 on Thursday Morning); the Fed/FOMC (next week); market volatility (VIX, VXN, MOVE); Russia-Ukraine war (21+ weeks); geopolitical (UK, Italy, Sri Lanka, etc). For the Survey week (Thursday-Wednesday), stocks were up sharply, bonds flat-down, oil up sharply, gold down sharply, dollar down. #AAII #Sentiment #Markets
    https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=6&scrollTo=708
  • What's on your buy list?
    @ Hank Way to play the Cathie Wood spinning wheel -- up 8-10% in a short time!
    You put your finger on part of the appeal of an ETF -- the ability to buy and sell throughout the day. You saw that ARKK was up about 6% and you could sell immediately and capture that. As it happened today, ARKK only dropped a little by the end of the day (which would have determined your selling price if it had been a mutual fund). But we've recently seen many days where the behavior in the morning gave no clue about the behavior at the close of the day.
    So if you are considering buying or selling a mutual fund, it's probably best to wait until the end of the trading day to make your final decision. It's just the nature of the beast.
    David
  • Morgan Creek - Exos SPAC Originated ETF to be liquidated
    After a promising initial month, this early-2021 IPO went downhill as the SPAC craze cooled off. "Active" ETF SPXZ had 33% in pre-merger SPACs and 67% in post-merger/IPO companies. Its invested AUM remained tiny.
  • Morgan Creek - Exos SPAC Originated ETF to be liquidated
    https://www.sec.gov/Archives/edgar/data/1683471/000089418922004928/morgancreekliftliquidation.htm
    497 1 morgancreekliftliquidation.htm MORGAN CREEK 497
    Filed pursuant to Rule 497(e)
    Registration Nos. 333-215588; 811-23226
    Morgan Creek - Exos SPAC Originated ETF (SPXZ)
    a series of Listed Funds Trust (the “Trust”)
    Supplement dated July 20, 2022
    to the Summary Prospectus, Prospectus and Statement of Additional Information
    dated April 30, 2022
    After careful consideration, and at the recommendation of Morgan Creek Capital Management, LLC, the investment adviser to the Morgan Creek - Exos SPAC Originated ETF (the “Fund”), the Board of Trustees of Listed Funds Trust approved the closing and subsequent liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders of record on or about August 18, 2022 (the “Liquidation Date”). Shares of the Fund are listed on the NYSE Arca, Inc.
    Beginning on or about July 21, 2022 and continuing through the Liquidation Date, the Fund will liquidate its portfolio assets. As a result, during this period, the Fund will increase its cash holdings and deviate from its investment objective, investment strategies, and investment policies as stated in the Fund’s Prospectus and SAI.
    The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period. Customary brokerage charges may apply to such transactions.
    If no action is taken by a Fund shareholder prior to the Liquidation Date, the Fund will distribute to such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal to the net asset value of the shareholder’s Fund shares as of the close of business on the Liquidation Date. This amount will include any accrued capital gains and dividends. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of your shares may be treated as a taxable event. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation.
    Shareholders can call 1-855-857-2677 for additional information.
    Please retain this Supplement with your Summary Prospectus,
    Prospectus and Statement of Additional Information for reference.
  • What's on your buy list?
    Yes I do bet on the Bills @Derf. I usually do a straight up bet with a Dolphins fan (that's been the easy one), a "who has the most wins in a season" bet with a Rhinelander Wis. born and raised Packers fan (go Hodags!) and a Bills over-under total wins bet with another friend. We haven't set the over-under yet but looks like it will set at 12 1/2 wins.
  • CrossingBridge Funds 2Q22 Commentary
    I second the above from MikeM. As along time holder of RPHIX, since Dr. Snowball first reviewed it here on MFO and a more recent owner of CBLDX, David you truly have managed to be an ace in the past year with both funds in the 1st quartile as assigned by M*. RPHIX has had a positive YTD which is remarkable for the past 7 months. CBLDX has had minor loss in the 1-2 2% range which is a heap better than all of my other fixed income funds. That is why I have entrusted you with a multiple of 6 figures. Except for 1 minor dip a few years back in RPHIX you have managed to ascertain the " Money Good " opportunities with success and have reliably done well by your investors. We also have a large portion of "Dry Powder" as you do and being conservative when appropriate is a winning proposition. Thanks Again. Fundly