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.
... any wisdom or insight you might be able to share regarding ESG or SRI issues in investing and related funds would be very appreciated.
JLev
JLev, not quite sure what you're looking for, but if you're interested in a list of FF-free funds, etf'…
That chart is one for the ages.
I think I'm recalling right that Consuelo Mack never asked Andrew L. about his record on the alt strategy he was touting during the May 2 WealthTrack program.
Caught Chuck A.'s WealthTrack interview on PBS; first time I've seen/heard him in action.
I think a key takeaway is that there's a significant amount of judgment in his (extremely successful) process, and that may not be transferable once Chuck han…
Hi Brightorange, first thing to do, if you haven't already, is to have a look at what they're doing inside the fund, HERE on the DoubleLine web site, under 'Investment Philosophy.' It's for sure interesting, but it's got nothing at all to do with JG…
Meanwhile at Pimco Daniel Ivascyn's funds (PIMIX, PDI) continue to knock the ball out of the park. I guess you've got to choose a manager more than a shop.
IMHO, the Ivascyn funds are about all that's left worth investing in at Pimco. Unfortunately …
Crash, just fyi, those reports are copyrighted material, and David would not likely be happy to see them cut and pasted on this site.
TRP used to occasionally sponsor periods of time (a couple of weeks or so) when M*'s reports on TRP funds were fr…
Thanks for the heads-up, bee. GLFOX is really interesting. I didn't realize the range of approaches infrastructure funds use. There was an article from WSJ in Feb (which quotes David, by the way) with a survey of i-funds. (It came up in full for me …
This house is 45%, up from 35% last year on valuation. About a third of the 45% is U.S.-dollar hedged. I like the company, country, and culture diversification a lot; the currency risk, not as much.
LLJB, I think I'm going to be happy with just GPROX from the GP stable. I'm trying to keep myself from slicing and dicing the investment universe very much, without using index funds, and a good, broad, actively managed global small cap is just what…
Thanks, Chinfist, the HL site makes much more sense. Had a minor brain seizure there, trusting M* data without verifying. I suppose M* took the top 10 and calculated the %s like they're the whole portfolio.
Looks like a decent fund.
HLMOX, the Harding Loevner FM fund, has a grand total of 10 stocks in the portfolio, position sizes ranging from (in round numbers) 8-13% of the port, and only about half large-caps. Yikes for risk (and liquidity?).
Anyone own any of the funds sh…
As discussed previously here, the 'hard close' on GPGOX and GPIOX has two exceptions, as explained in this footnote on the main page for each fund:
"Closed to all investors, except existing investors with an established automatic investment plan an…
Fidelity and other brokerages waive the loads on some funds' A shares.
What are the most common ways to get access to load funds without having to pay the load?
Don't know the fund, so no specific opinion, but I'd suggest looking around for possible replacements in the moderate allocation category (since that's what RNCOX is, not a stock fund comparable to the S&P 500) and comparing return:risk data. Th…
Hi Mitchel, I'd give a thumbs-up to the Pax fund (PGRNX, PGRGX) as the best of the options in the pure category.
I don't think it's a bad investment, just that returns in the category have been really streaky up to now; but the category's been on …
Pimco has a fairly new, tactical, multi-asset real return fund, PIRMX (but no stocks aside from REITs), launched 2011. Their other commodity & real return funds are pretty decent, so it may be worth a look if one of the several share classes wor…
I agree with Scott; Pimco's foray into stocks is not going very well.
Scott, are you still holding PMHIX? I sold recently; started looking to me like the long-long-long-long-short strategy * in riskier stocks might not do so well ahead, so moved t…
DLTNX/DBLTX is a mortgage fund; DLFNX/DBLFX is a core-plus fund.
On Pimco TR, BOND has almost doubled PTTRX's return YTD; Gross's ETF is again way outperforming the OEF, as it has for most of the time since BOND launched.
I think Vanguard's new, actively managed, global minimum volatility fund VMVFX looks promising. They've got a 20% allocation to it in the managed payout fund VPGDX.
Appears they didn't only change the manager, but the entire premise of the fund, from mortgages to core-plus. This may not be a statement about Pimco overall, but about who Columbia wanted to run a core-plus bond fund.
I agree that RSIVX and OSTIX ought to be categorized the same, but I'd point out that M* is following the process as described, which is to place new funds based on prospectus, and funds with a track record according to holdings. The RSIVX prospectu…
Vert: " ... I can't imagine it being much better than the Perkins or Polaris shops."
I owned PGVFX at one time, and liked several things about the fund ... one being atypical weightings, such as ~ 10% in Scandinavia, as I remember.
The one Pimco equity fund that has done exceptionally well after a bit of a sluggish start was the one with the least fanfare - the L/S fund, which was a former hedge fund. That fund - despite its concentrated nature and heavy cash holdings - did …
BRTNX did well protecting against loss in Q3 '11, and it's the only U.S. stock fund I've followed that was positive in Q2 '12, other than health care sector funds. The up-down capture ratio numbers are good ... but not hugely compelling. I'd put AKR…
In solidarity with Charles, I nominate TNEYX, an Invesco target date fund invested ~ 100% in an Invesco risk parity fund. As I watched it after buying a first chunk, decided risk parity is not for me unless it's a declining interest rate environment…
Bought starter positions in GPROX and RNDLX & added a little to PMHIX. I'm probably a little late getting started on RNDLX, but it still looks like better valuation than high yield right now.
Not a knock on it at all, but I think it is relevant to this thread that APPLX has become a little more of an allocation fund and a little less an all-cap stock fund. The stock percentage hasn't been above 71% for several years, including most of th…
Congrats on another fine edition. Love the active share piece and the report on Mark's conversation with David Sherman.
Fyi, all four links in the 'Observer Fund Profiles' section go to a 'Not Found' page.
finder: "APPLX has about 13% in gold. It worked well for the fund in the past, but will it work in the future?"
It has more than 19% in gold, per M*, in the first and third largest holdings. I owned APPLX a few years ago, and it was really impressi…
Morningstar is only showing each year's return back to 2009.
On the M* 'performance' pages, you have to click "expanded view" to get returns further back than 5 full years. M* shows WGRNX lost 39.05% in '08.
Thanks for the note about AYBIX at Vanguard, Mona. I didn't even look there when I decided to buy. Most of the funds I own are at Fidelity, and I just have Pimco and Vanguard funds at Vanguard; Vanguard's brokerage fund coverage is so generally lous…
Hi again Mona, I think you've got the right idea with AYBDX if you want a step out from a fund like OSTIX (or RSIVX, which seems to be tracking right along with OSTIX); it's not as volatile and hasn't lost as much as more credit-sensitive funds in c…
