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WBALX Weitz Conserv Allocation

edited February 6 in Fund Discussions
...Looking tempting, at first glance. A hair more bonds than equities, as reported by Mumplestar. WBALX.
This is another fund under consideration as the destination for our BRUFX money, which currently sits in a T-IRA.
BRUFX is allegedly "Moderately Aggressive." WBALX is "Moderately Conservative." But maybe that time has come for wifey and me. I read the Commentary provided at 2023 year-end on their website. Refreshingly candid, straightforward, no-nonsense. "The fund will not keep pace" when what happened in 4Q '23 is what happened. OK, then.

It is quite concentrated. But truly balanced between stocks and bonds. And the high quality bonds will balance-out all the junk we already own. Maybe... ;)

Comments

  • You might look at FPACX. You can buy it as Schwab and Fido for $50. About the same 50/50 but with a lot of cash that they will deploy down to may 30% bonds. Probably a little more equity heavy than WBALX

    There are other conservative funds that hold cash when things are so pricy and then can jump back in like MRFOX . It cam up on another thread and I dug into it and was impressed enough to buy some.

  • Thanks for the reply, @sma3. :)
  • edited February 7
    sma3 said:

    There are other conservative funds that hold cash when things are so pricy and then can jump back in like MRFOX . It cam up on another thread and I dug into it and was impressed enough to buy some.


    Unfortunately, MRFOX cannot be traded at Fidelity.
    Fred

  • yep

    at Schwab or directly but Crash has BRUFX which can't be traded anywhere except at fund web site
  • edited February 8
    I’ve got several funds in the moderately conservative class that might be worth considering. Fidelity offering is FMSDX, which started out with phenomenal returns and is now more typical for the class. TRP’s higher income clone of PRWCX, which is PRCFX, is a new fund but starting out well. American fund’s tax-efficient fund, TAIFX, invests in dividend stocks and muni bonds. (They have a similar fund that invests in taxable bonds, but I don’t know the symbol.)
  • edited February 8
    In the Conservative Allocation and Moderately Conservative Allocation categories, take a look at PFRMX/PZRMX. Ranks 1-2 in Conservative Allocation cat for all 1-10-yr periods. VERY different composition so be sure to review it before investing!
  • stillers said:

    In the Conservative Allocation and Moderately Conservative Allocation categories, take a look at PFRMX/PZRMX. Ranks 1-2 in Conservative Allocation cat for all 1-10-yr periods. VERY different composition so be sure to review it before investing!

    Huge slug of cash they're holding. Wow. Naw, I'd rather be invested. Of course, some handy dry powder is a good idea. Not to mention the front-load on that puppy. Sucks wet hard ones. The selected fund must be no-load. :)
  • edited February 8
    deleted
  • edited February 8
    Crash said:

    stillers said:

    In the Conservative Allocation and Moderately Conservative Allocation categories, take a look at PFRMX/PZRMX. Ranks 1-2 in Conservative Allocation cat for all 1-10-yr periods. VERY different composition so be sure to review it before investing!

    Huge slug of cash they're holding. Wow. Naw, I'd rather be invested. Of course, some handy dry powder is a good idea. Not to mention the front-load on that puppy. Sucks wet hard ones. The selected fund must be no-load. :)
    Did you really post "Sucks wet h&%d o&%s"?

    Wow! I mean, WOW!

    On all that I guess we disagree. Correction, no guessing, we disagree!

    Let's get to the, um, facts, eh?

    PZRMX is NTF, load waived at Fido and VG. (PFRMX is TF, Load, that's why I posted both!)
    PZRMX has ~7% Cash. PRWCX has ~6% cash - would you NOT invest in it?
    PZRMX is us UP 6%-7% YTD, depending on the source.
    The one dashboard item that shoulda been noted was its HUGE current allocation to RE.
    That's being invested in my book.
    YMMV (and apparently does!):)
  • https://www.morningstar.com/funds/xnas/pzrmx/portfolio
    Shows 48% cash. If it's wrong, it's wrong.
    We are dealing directly with the selected fund-house, not through any broker. So, the infernal front-load would apply. That's my understanding.

    Yes, I see what you mean about the Real Estate.
  • If you are looking for a sleep good, more conservative balanced fund, I think WBALX is a pretty good choice. I think it is a Great Owl fund, so an added positive track record to consider.

    I considered WBALX when I was shopping for the same a few months ago, but ended up going with PRCFX. I would have suggested PRCFX, but I know you already know of it. And with you having close to 40% already invested with Giroux (PRWCX), another like-fund makes a lot of sense.

    Good luck with your choice.
  • edited February 8
    That M* Cash data is from 12/31/22.
    The other M* data appears to be as current as we can get.
    To wit, the Fido data I quoted is from 09/30/23, common time delay for OEFs of 3-6 mos.
  • PMEFX, not off to a great start this year, but its 3-year record is encouraging if you want a fund that is not concentrated in large-cap funds.
  • stillers said:

    That M* Cash data is from 12/31/22.
    The other M* data appears to be as current as we can get.
    To wit, the Fido data I quoted is from 09/30/23, common time delay for OEFs of 3-6 mos.

    Thanks. That's exactly how Mumblestar has "earned" its less than wonderful reputation. Hardly up to date, not even with a 3 or 6-month lag. 12/31/22. Yikes.

    I go to Mimplestar out of habit and convenience, but I know it can be unreliable. :)
  • Bobpa said:

    PMEFX, not off to a great start this year, but its 3-year record is encouraging if you want a fund that is not concentrated in large-cap funds.

    Appreciate the response! We are steering clear of small-caps. Too damn volatile for a buy-and-hold guy like me. (30 Nov. 2023: 17% "not classified?" in PMEFX. WTF? Is that maybe 100-year old Saurian brandy futures from Star Trek?)
    https://www.youtube.com/shorts/r2OkF-Yck6Q
  • Crash said:

    Bobpa said:

    PMEFX, not off to a great start this year, but its 3-year record is encouraging if you want a fund that is not concentrated in large-cap funds.

    Appreciate the response! We are steering clear of small-caps. Too damn volatile for a buy-and-hold guy like me. (30 Nov. 2023: 17% "not classified?" in PMEFX. WTF? Is that maybe 100-year old Saurian brandy futures from Star Trek?)
    https://www.youtube.com/shorts/r2OkF-Yck6Q
    Not sure where you’re seeing “Not classified.” From their Q4 Fact Sheet:

    Equity 35.3%
    HY Corporate 35.8%
    Investment Grade Corporate 25.8%
    Treasury 1.6%
    Cash 1.5%

  • for taxable account, i've always been pleased w VTMFX. seems to hang in there pretty well even against shinier objects.
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