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FPACX or FPAG + FPAS?

Level5
in Fund Discussions
I’m hoping you will help me think this through…

I have a small position in FPACX/FPCSX. I like that it includes a global cast as well as a hefty pool of dry powder for potential opportunities. I also like the lower sd of 10.65 (3yr) and 12.08 (5yr). I’m not in love with the er (.99 / 1.01).

The global equity allocation for FPAG is quite similar, with the exception of higher percentages in each stock. It holds much less dry powder (2.79 vs 36.71%), so can’t be as nimble as FPACX/FPCSX ( I already hold 20% in mmkt for safety and potential reinvestment at market drops). The er is quite different (.49 vs .99 / 1.01).

I’m wondering if combining FPAG (60%) with FPAS and/or FPNIX (40%) would be a reasonable substitute at a lower er, and ability to rebalance come RMD time.

Your thoughts are most welcome.

Comments

  • larryB
    @Level5. A great question. The stuff I have been going over and over and over again lately. I assume you know that the great Romick is no longer on the management team of FPAG. You might want to run the numbers for the one fund vs 2 ETFs at Portfolio Visualizer and play with various allocations. Also check out a deep look at FPAG on Seeking Alpha. I am doing Wellington Global, VGWLX plus MM.
  • Level5
    @larryB - thanks for your suggestions. Ran the numbers on PV and surprised to find FPACX outperformed on sd, drawdown, and total return (?) Seeking Alpha was interesting. Secret sauce? I dunno.
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