Dividend Paying Funds OLD ultra-short-term category disappeared after their collapse in 2008. They had relied on short-term HY in the belief - what could go wrong in 90-120 days. Plenty, it turned out - there was a credit freeze that made HY debt rollovers difficult and ST-HY got caught. Fido, Schwab, etc had such funds and they were discontinued - in fact, the whole category disappeared! Then a NEW ultra-short-term BUT INVESTMENT-GRADE category emerged after 2010 and some still CONFUSE the NEW ultra-ST with the OLD ultra-ST.
IMO, ST-HY and FR/BL (acts like ST-HY when rates don't go up) even today carry more risks than their holders realize. They can act well for quite a while, and then suddenly, whoosh!
On the other hand, high-yield/dividend stocks have NOTHING to do with the HY debt and there is NO CONNECTION at all between them (and funds such as VYM, SCHD, VEIPX, etc) and the old ultra-ST debacle of 2008. Of course, stocks are volatile in their own right.
Dividend Paying Funds @hank, Could you please explain why you say or feel this "Generally I’d stay away from funds so labeled or named. Strategies vary and they can be a lot riskier than the name implies."
Riskier? How?
Staying away from them or not is a personal decision so there's no need to go down that road unless it explains the risky aspect. I understand and I'm in agreement of 'high-yield' equity funds, those proclaiming 8-9-
10% yields, but not the more generic funds like SCHD. TIA.
GQHPX Rajiv Jain is a very experienced fund manager who has delivered excellent long-term performance using a "quality growth" approach. His departure from GQG Partners would be a huge setback for the firm and represents substantial key-man risk. Another potential concern is that GQG Partners amassed over $91B AUM (as of 12/31/2021) in less than 6 years.
Thanks. I own both GQEIX and GQHIX and so the info you included is of interest to me. Under Parent tab, M* shows total net assets at $
11B but it is possible M* did not include assets under separately managed accounts and other vehicles. It would be great if you are able to share a link or a source of the $9
1B you mentioned. Thanks.
Vanguard mutual fund screen? Fido Screener is quite good.
It is the only screener I know that combines mutual funds and ETFs. Others have separate screeners for mutual funds (good) and ETFs (not so good).
Login is NOT required for search. Most others require login or subscription.
It includes Fido and non-Fido funds.
I have used US Equity, M* 5* funds just to reduce the number of funds displayed.
Results are linkable, see
LINK1 for opening page of results and
LINK2 for Manage & Fee tab that has sortable NTF/no-NTF column.
All screeners need getting used to.
Vanguard mutual fund screen? @Sven Your link isn't working. But it doesn't seem to be a screen either.
I use MFO premium after I narrow down what is available from a broker. Then I just enter the tickers in multisearch. I have never got close to the
100 ticker limit
It took about fifteen minutes to figure out the Fidelity screen. It does what the options promise to do, which has been lacking with several options in the Vanguard screen from its inception.
The Schwab screen seems more better for my purposes.
https://www.schwab.com/research/mutual-funds/tools/screenerI have read enough reports here to know that I don't plan to make any sudden moves until I know a lot more about the ins and outs of transferring one broker's available asset classes to another broker that may, or may not, have the exact match available.
M* Changes in Classification of Some Multi-Asset Funds +1.
M* Changes in Classification of Some Multi-Asset Funds M* article,
https://www.morningstar.com/articles/1095429/morningstars-allocation-categories-get-an-upgradeThis is a good development. Classifying allocation/balanced and multi-sector funds by new MPRS (vs old classification by nominal equity) will fix some of the M* misclassifications I have pointed out in the past by using another method (Effective-Equity).
I see on M* fund pages that the new classifications for affected funds are already indicated on the Performance, Risk and Portfolio tabs (but the Quote tab still shows the old classifications). So, we are literally seeing the rollout of this new classification.
I don't know if the MPRS value will be shown in some tab (Risk tab would be the most appropriate) after the monthly fund updates in early-June. I think that it should be shown. But the bottom line is that it is being used already.
Some details related to MPRS and Effective Equity are rather technical, but those interested may check them here,
https://ybbpersonalfinance.proboards.com/thread/2/effective-equity?page=1&scrollTo=648
Stagflation I seem to recall the term “ misery index” from the bad old days. The formula was (high)inflation rate plus (high)unemployment rate = misery. I was deeply impacted back then when I was the manager of a VW dealership. The interest on the inventory was overwhelming. The interest on auto loans as well. People weren’t buying and I was in misery. For you youngsters you might consider this: we bought a brand new townhouse because the builder was offering an 11% mortgage and that was way below market. But life went on. Money markets paid in double figures ….. we lived on our boat in Mexico off the high interest we were getting and life was pretty, pretty good.
Vanguard mutual fund screen? Not sure what you are seeking. Vanguard has a very basic comparison tool for their funds and other families. It provides
1, 3, 5, and
10 years performance, top
10 holdings, sector invested, historical volatility, expense ratio and minimum $ required.
Fidelity does not have a comprehensive too either. Perhaps you will have better luck with Schwab.
For most of my research, I start with MFO Premium which requires work on the selection parameters. Once I narrow down the candidates, it provides a rich set of information that you can sort through patiently.
Dividend Paying Funds OK - It has averaged nearly
14% a year for 3 years. I think you should buy it
@larryB.
Dividend Paying Funds @ Old -Joe. SCHD has a track record that goes back to 2011 if I am not mistaken. Not the oldest ETF out there but no longer brand new.
Maybe it replaced Schwab’s older income generation behemoth?
“Schwab YieldPlus - The theory behind ultrashort bond funds is astonishingly simple: Given the short durations of their holdings—six months is the average maturity—the funds should not lose much value even in tough times. Schwab, however, managed to pull off the seemingly impossible when YieldPlus lost an astounding 35.4 percent in 2008. The average ultrashort fund, meanwhile, lost just 7.9 percent that year. Unlike many of its peers, YieldPlus had heavy exposure to risky mortgage-backed securities that imploded during the downturn. "Schwab YieldPlus is one of the all-time great fund debacles," says Kinnel. "It was an ultrashort bond fund that they were pushing as an alternative to a money market fund. ... People expected that if it was going to lose any money, it was going to lose half of 1 percent or something."https://money.usnews.com/money/blogs/fund-observer/2009/12/30/the-decades-10-worst-fund-disastersNot saying the two funds are similar. In fact, “Schwab Yield Plus” (mutual fund) was marketed as a much more conservative fund than SCHB (ETF) - tantamount to a money market fund. I am just saying saying “be careful.” Things aren’t always what they seem. Most of the time increased return is associated with increased risk.
Dividend Paying Funds @ Old -Joe. SCHD has a track record that goes back to 2011 if I am not mistaken. Not the oldest ETF out there but no longer brand new.
Muni Fund Outflows
GQHPX Rajiv Jain is a very experienced fund manager who has delivered excellent long-term performance using a "quality growth" approach. His departure from GQG Partners would be a huge setback for the firm and represents substantial key-man risk. Another potential concern is that GQG Partners amassed over $91B AUM (as of 12/31/2021) in less than 6 years.
