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.
@Jon: "I guess fund holders will have to accept the ESG "costs" and understand the impact on performance."
Up until fairly recently, excluding fossil fuels had been a performance benefit. Cost and benefit on a sector-allocation basis can wax and wa…
ESGV ... well, except it's so comparable the chart lines are barely distinguishable, so maybe not something an investor dissatisfied w/ PRBLX would be interested in.
ESGV has enough volume now that it's fairly easy to trade, if that's a distinctio…
Mona: "But assume that the OEF bond fund accrues and pays monthly. You seem clear that if sold mid-month that you don't any of the interest for that month. Where does the interest go?"
Hey @Mona, it was in the NAV until the ex-date, and if you sold…
My impression with bond funds is you still get a portion of the interest based on how many days you held it during the quarter, although this would not be true with a stock paying dividends.
That's true for daily accrual bond funds, which is how mo…
PRBLX is growthier now than its history (see the investment style on M*) and likely to stay that way, but hasn't been there long enough for M* to switch its category. Its (5.6%) ytd doesn't look great for large blend, but not so bad against large gr…
Well, since we're tossing opinions around here instead of sticking with the topic, here are some more. Reasons to pay attention to college b'ball at least this one time a year:
* Every tourney game is an elimination game. Every game is equivalent t…
@Crash, yup, and they're in the Sweet 16. Last night vs. Murray, same pattern as against Kentucky - close game throughout, until the last few minutes, decisively won by St. Pete. (Another Jesuit U.)
@Derf: Isn't it great how competitive most of the field is. Anything can happen, any game. I mean, on top of the big upsets, the Catamounts nearly took Arkansas; imagine that ever happening in football.
The St. Peter's coach is pretty amazing. Look…
Mortgage credit in the port now at zero; it was by far my largest allocation in recent years. Last to go was EIXIX. AlphaCentric and Regan's entries in the category have been ~ 75% ROC recently, thus with a pitiful income yield. The category was fla…
To the original question in the Pudd's post, PQTAX (Pimco's trend following managed futures fund) is my one real winner year to date, up 10%. (Well, except for the short S&P 500 etf SH, which has done better, but I haven't participated in the wh…
Yep, state laws set up the basic public utility regulatory structure, and a public commission does the details based on the state law, covering all forms of energy generation. Solar net metering, for example, is governed the same way.
But, there a…
Then there's the HY bond market, with the FRED effective yield chart charging up to 5.93%. McClellan's current weekly post highlights the trouble in HY and the probability that stocks will (continue to) follow HY's trajectory.
Tom Mc's posts are a…
Yogi: "Terrible sounding death-cross (50-dMA crossing 200-dMA on downswing) was noted for Nasdaq Comp about 3 weeks ago, in mid-February (it had happened to R2000/IWM in mid-January). One may have thought then whether the other indexes will follow, …
@OJ - They mostly do their talking through ALEC, and have been working on it for a long time. From a 2013 Huffpo article:
"In the latest attempt to rollback pro-clean energy policies, fossil fuel and utility interests operating through the American…
Great; it only makes sense.
So PG&E would sell or rent the home hardware for the system? (Count me as ever suspicious of a utility's agenda. Mine has been trying so hard for years to make net metering uneconomic for the home/business owner, an…
Mortgage credit, which has stayed calm and barely positive during the YTD storm, is showing some weakness now, with IOFIX's blowout of the last two days leading the way.
I was going to say JENSX, Jensen Quality Growth, but saw that M* has it on the blend side of the line these days. But ... they also have GQEPX on the line, just barely leaning over on the blend side. Maybe the question could be funds that are at lea…
@Hank - Watched it ~10-15 years ago. My sweetie & I laughed nearly all the way through it. Full disclosure, some friends we recommended it to questioned our sanity, but I stand by the script as hilarious.
Another laugh-inducing phrase from the…
@sma3: I had a similar experience when I'd had enough and was leaving V. for Fidelity, ~ 8 years ago. Like Sven said, It was an admiral shares fund that caused the problem and held up the transfer. Took days and days and more than a few calls, but I…
So, 2Y-10Y spread collapsed to 50 bps on hot inflation news? https://www.cnbc.com/bonds/
Yep. BNDD (curve flattener) is up about half a percent so far.
High yield effective yield has popped over 5%. Per FRED, last time it was at that level was November 2020. Could be looking at a spike that'll eventually be a good reentry point.
The battle after the initial drop today was over the 200d ma, whether it's a springboard or a ceiling. Today the verdict was ceiling. Tomorrow? We'll see.
Any thoughts on Endeavor? And pairing it with Core Equity especially if it moves towards growthier territory?
Not a lot of deep analysis here, but PARWX isn't a typical value fund in a sector sense, and in that way, it's still sorta similar to what…
All Parnassus funds are ESG, and all are fossil-fuel free.
That's one difference between the PRBLX of old and the PRBLX of today. The old version barbelled tech and industrials against staples and utilities much of the time, but the new version ha…
S&P 500 fell to the 200d ma (actually dropped a touch below it) in what feels like record time, and then bounced back up a bit. If you do this sort of thing, whether the 200 holds is a good thing to be watching.
CTFAX, Columbia Thermostat Fund, should have adjusted/increased equities as follows:
Should be up to 25% equities, from 10%.
Rick
@Rick, I don't follow. Your link takes me to the same allocation table they've had on the site since last May, showin…
Just on EM in general, I listened to a Gundlach webcast recently, and his one end-of-presentation recommendation was to steer clear of EM until the dollar shows some sustained weakness. Thesis is that EM equity is setting up well for a run, possibly…
@Hank, oh yeah, forgot about the 60d early withdrawal fee, for sure a buzz kill, for anyone who feels the buzz of Huss. Those used to be a lot more common than they are now - so many families have dropped them.
@Hank, I don't own it; did own HSTRX about 12 years ago for a while. A friend owns HSAFX now and isn't too unhappy with it, but you know what they say about a stopped clock.
But then the best I did yesterday was zero from NVHAX, EIXIX, and PQTAX.
... I am expecting bond oefs like IOFIX will come back down to earth and have more "normal" returns.
Hi dt, it's happening as we type. IOFIX has slowed quite a bit in December, and Pimco even cited non-agency mortgage weakness as a negative impact o…
@MikeW: JENSX is one of my favorite stock funds, on the short list. It's quality just about on steroids. Wasn't aware of MSFAX, and it deserves a deep dive. Thanks for bringing it up.
I'm in mostly retired/don't need much out of the portfolio/low …
