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Here Is A Serious Income Alternative To High-Yield

FYI: When it comes to selecting investment managers, the advisors at Litman Gregory are seen as among the most serious thinkers in the RIA space. For decades, they produced research in a newsletter called The No-Load Fund Analyst, now LitmanGregory Advisor Intelligence, which rivaled Morningstar for its depth if not its breadth.

Since 1996, the firm has been packaging high-conviction ideas from the best managers they can find into a series of multi-manager strategy funds they call the Masters funds. Managers include names like Bill Nygren, Chris Davis, Jeffrey Gundlach, Matt Eagan and David Herro.
Regards,
Ted
https://www.fa-mag.com/news/here-is-a-serious-income-alternative-to-high-yield-41770.html?print

Litman Gregory Masters High Income Alternatives Fund:
http://mastersfunds.com/high-income-alternatives

M* LItman Gregory Masters Funds:
http://quicktake.morningstar.com/fundfamily/litman-gregory-masters-funds/0C000090TJ/fund-list.aspx

Comments

  • Sounds good in print but I wouldn't invest until I can see the the sector and holdings breakdown. As of this moment it's just a black box.
  • Based on the performance of the LG equity funds, all of which are managed by groups of mangers, there is no reason to predict that the new fund will beat any benchmark. LG gives the hook to managers in a manner that resembles the style of George Steinbrenner as owner the NY Yankees.
  • @MFO Members: Litman Gregory has used the well known multi-manager theme for years, its nothing more than a marketing ploy with less that stellar performance numbers.
    Regard,
    Ted
  • The initial asset allocation and holdings information for this new fund is now available at M*. M* has it pigeon holed as 50 to 70% equity. So far, its far short of that. The description in the prospectus had made me wonder how they came up with that designation. Anyway, here is the asset allocation info:

    Cash 26.00%
    US Stocks 12.54%
    Non US Stocks -0.20%
    Bonds 61.03%
    Other 0.64%

    As of 12/31/2018
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