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Also check out wiki:
https://en.wikipedia.org/wiki/Closed-end_fund
For information on specific CEF's, check out:
http://www.cefconnect.com
And old (1990) Harvard/JEP paper
http://scholar.harvard.edu/shleifer/files/closed_end_mut_funds.pdf
and …
Ted: Thanks for link. It's more than just "small cap" investors.
Consider ... Is your Sequoia Fund now a biotech fund?
Morningstar: SEQUX Portfolio Summary
Morningstar: SEQUX Portfolio Holdings
BenWP: 10:39AM
Wow! Thanks to Lewis, I was able to view the colorful, but muted, pie charts. Now that's adding value
NOW THAT'S UNFAIR! Their bar charts are pretty, too... LINK: pretty charts
See Ted's post re: Barron's "Time to Buy Commodities" - has suggestions
http://www.mutualfundobserver.com/discuss/discussion/22950/barron-s-cover-story-time-to-buy-commodities
For CEF, consider PEO (Adams Natural Resources), which is summarized here:
http://www.cefconnect.com/Details/Summary.aspx?Ticker=PEO
While you didn't ask about ETFs, you should consider those too, as profiled here:
http://www.etf.com/Equity_Glob…
Re: "The only way this will make sense is if the expense ratios are much lower than the mutual funds."
Now, all we have to do is wait for the 401-k shareholder lawsuits claiming that the custodian overcharged the participants by not offering them t…
http://si.wsj.net/public/resources/images/ON-BH910_MFQCov_G_20150109220517.jpg
Check out link above. It refers to image/table from the Barron's article.
Anyone other than me find the benchmarking of [Vanguard Wellington] or [Amer Funds Balanced] …
David:
Thanks for comment and suggestions.
Portfolio Visualizer ("PV"): http://tinyurl.com/dg-vd-sp-wm-lex
I would not have thought of either MOAT or LEXCX in this context.
In the "don't try this at home" department, putting on my "factor invest…
David:
Thank you. I figure the smaller size of the Harbor Unconstrained Fund might give a better sense of what he might be up to in Janus' Unconstrained Global in that Mr. Gross would (initially at least) have ability to be very opportunistic with…
Clarifying the Janus Fund Name
09-26-14 Announcement from Janus CEO Richard Weil
Bill will help us build out a new Global Macro Fixed Income business and he will be named the Portfolio Manager of the recently launched Janus Global Unconstrained Bo…
FT: Pimco, WisdomTree join Schwab’s ETF platform
By Jackie Noblett Sep 23, 2014
Quote from Jackie Noblett's FT article:
Schwab charges ETF sponsors a fixed yearly fee of up to $250,000 to participate in the OneSource platform ...
Sponsors also p…
FWIW ... on the T Rowe Price M* Tool, GPGOX looks like this in the Portfolio Manager:
Cash ............. 2.95
US Stk ..........31.85
Non US Stk ...64.81
Other ............ 0.40
TOTAL ....... 100.00
Which agrees with M*'s "mothership" site.
I thought that all of the 12b1 fee was paid to the supermarket platform provider, but hope that you get a reply from someone with some real knowledge about the topic.
In defense of Professor Israelsen...
FWIW ... He was the first person that I came across (on web) that simply demonstrated the idea that one could construct a portfolio with more-or-less any exposure you want by combining a series of equal-weighted…
msf:
Thank you for your recollections re: history of Vanguard's conversions of it's international funds-of-funds to direct ownership. I think I was thinking of the Total Int'l Index Fund, but vaguely recall something similar with the Developed Mkt…
YAHOO?
Doesn't the "adjusted close" column in Yahoo's historical prices do this ("adjusted for dividends and splits")?
See last column.
http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices
LewisBraham:
Thank you for the suggestion of IELG. Somehow I missed it before, but it looks interesting.
Seems to be somewhat similar (in the sense of "skewed" market cap) to DFEOX or Northern's TILT. The IELG expense ratio (18 bps) is certainly lo…
Question for Lewis Braham - re: Quality ETFs
I am recent investor in SPHQ [Powershares S&P High Quality ETF], and have been a longtime owner of VDIGX [Vanguard Dividend Growth Fund].
I find the combination of quality and dividends appealing, l…
Ted: Thank you for link. Here is info on publication and author.
Barrons - How ETFs Define Quality
By LEWIS BRAHAM, Aug. 30, 2014
[Subscription Required]
Comments to the following post included additional 'Quality' links:
Jeremy Grantham/GMO As…
Ted: Thanks for post. At end of article the author (Eric Balchunas) says something that I think is very wise and puts it all into perspective:
"Smart" is a marketing term like many others: Growth funds don't always grow, and value stocks aren't alw…
ALERIAN COMMENTS ON KINDER MORGAN: Alerian Monday Mailbag: 08-18-2014
Q: What are your thoughts on the Kinder Morgan transaction?
A: One, the rest of the MLP universe trades up... and some portion of after-tax proceeds to KMP and EPB unit holders…
Chip: Thanks! I like [Option B]. But don't think you don't need a box around contents if "Option B". Perhaps just a horizontal bar at the beginning and end of contents.
Note: If the following links are able to provide you with what you were looking for, would appreciate a follow-up post summarizing which sources and links proved most useful, so that others can benefit from your efforts. Thanks.
S+P/DOW JONES I…
Also see:
DREYFUS: The Case For High Quality Stocks
https://public.dreyfus.com/documents/manual/perspectives/dry-fsiiqwp.pdf
and
S&P: S&P 500 High Quality Rankings Index
http://us.spindices.com/indices/strategy/sp-500-high-quality-ranking…
For an ETF, see perhaps:QUAL or SPHQ
QUAL
http://etfdb.com/2013/ishares-launches-msci-usa-quality-factor-etf-qual/
ETFdb:
The iShares fund takes a factor-based approach in trimming down the starting universe by employing a series of fundamental me…
Inker defined a high-quality stock as one that has high profitability throughout an economic cycle, stable profitability and low debt. Some such high-quality stocks are trading at a lower price-earnings ratio than the broad market is, so investors …
Vanguard as a "non profit"?
To some extent, isn't Vanguard a non-profit to the same extent that Hollywood movies don't make a profit?
Hollywood accounting is kind of strange - many of the most popular movies never make a profit, so that if you get…
If you are a Morningstar subscriber (to the website) - you can get the AUM for each share class over several years individually by looking at the PDF for the fund. The PDF appears underneath the ticker and star rating, on the initial page for each …
AMatMFO: You're welcome. Why don't you watch the page during the day and see if the values change? When you can find out, you can post what you find here.
EasyAllocator.org
LINKS
http://easyallocator.org/
http://easyallocator.org/fundratings.aspx
The above free (registration required) site provides a set of ideas / examples of asset allocations based on relatively few number of broad funds/ETFs for…
Re: Do you think acronyms are a good/bad guide to investing? Why or why not?
1. FOR THE INVESTOR
They are valuable, particularly if they are presented to the investor by a would-be salesman, who may or may not be posing as an 'advisor'. They ar…
RE: Tax efficiency.
For the funds that you think you like, find the closest ETF(s) that match or are similar to it. Winnow down your choices, based on ER, NTF at your broker, etc... and then buy them.
I was most puzzled by this quote:
"Regular readers know that I'm often a proponent of indexing, and it's unlikely you'll go wrong over the long-term with an indexing strategy. If that's your preferred route, the broadest emerging-markets index ETF …