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Upon my search of MFO site, I am surprised to learn only four posters (incl @carew388 & MikeM2) indicated owning this fund. I would have thought it would have a wider ownership among MFO posters.
I own it. Happy.
I also own JHQAX for quite …
Thanks, guys. Good discussion, very educational, too.
While I don't own nor plan to buy BAMBX or TMSRX, I will put BAMBX on my watchlist for future reference. Certainly BAMBX's performance since the new team took over is quite good, especially impr…
FYI: For those who don't have a subscription to Barron's, here is the link to the complete fund profile of BAMBX that was written by Lewis Braham and published in November of 2020: https://webreprints.djreprints.com/57836.pdf
Fred
So you're going to put your monies into something like that based on one day's performance? [...]
Your money, do with it what you feel is best for you. This fund is not for me. Been burned by iqdax,. Learning my lesson.
I wish you good investing…
However, yesterday, when all the major indices lost more than 2%, I couldn't help but notice that BAMBX was up 0.2%, and YTD the fund is up a nice 4.3%. Also, three and five year total returns are a pleasing 5.7% and 5.5%, respectively.
Maybe it's …
Several months ago, a poster on another forum made the following observation about FMSDX: "With value equities and junk fixed income be prepared to take a hit with this fund if the equity / credit markets turn south [...]"
That was apparent yest…
However, if you are a conservative investor looking for a low risk floating rate fund you may want to check out MWFRX/MWFLX. It's standard deviation is 6.2%, according to M*, and during the market crash in March 2020 it lost "only" 8.35%, whereas RS…
Check out WBALX for a solid 30%- 50% alloc fund.
I did quickly, and while the equity part of WBALX may be "solid", I question the performance of the bond portion in the current rising interest rate environment. It makes up 42% of the fund's portfol…
Just to round out the picture, in addition to the reasons I already mentioned, OSTIX is also a good fit for my portfolio since I wanted a fund to complement my other bond funds. RCTIX, for example, is heavily concentrated in securitized issues. OST…
MAV123 asked: "Which Mutual Funds do you see as the potential for holding if we are about to enter a rising interest rate environment (bond/stock) ?"
With respect to bond OEFs, I would definitely check out CLMAX. I has a history of performing well…
Hi, msf:
Taking a quick look at MWFSX, I couldn't help but notice that M* reports a rather suspiciously high SEC yield of 8.55%! Just curious how that is possible in today's low interest rate environment? Certainly raises a red flag for me.
Fred
Currently, due to high equity valuations, my portfolio's limited equity exposure is confined to these three defensive funds: CTFAX, JHQAX and VWINX. For the bond portion I use CLMAX, NVHAX and RCTIX, along with the bond-like alternative fund ARBIX. …
I have some cash sitting on the sideline looking for a home. CLMAX has been on my watch list for a while as a fund that actively, and mostly successfully, tries to manage interest rate risk. If, as the Schwab outlook states, 10-year Treasury yields …
Unfortunately, the long list of bond funds that johnN posted are apparently all high yield funds. Using the best 15-year returns is not exactly very helpful if you want to have some diversity in the bond funds you select for your portfolio.
Fred
FYI, below is the response I received from M* regarding my above OP:
Hi Fred,
Hope you are doing well!
Please make a note that we have received a response from our team as mentioned below.
The weak management team refers to the team managing the…
Hi Mac, good to hear from you.
So far, RCTIX has met my expectations with a successful and steady risk adjusted performance, especially in this rather difficult interest rate environment. It has a solid asset management firm behind it with a manage…
Thanks , Lynn, appreciate your comment on TMSRX.
As a retired and somewhat conservative investor, I am also "mixing and matching to have a consistent performance over time" by using the following funds in my portfolio which M* classifies as "Low" o…
TMSRX's total returns have been a real disappointment so far this year:
1 Week = -0.4%
1 Month = -1.2%
3 Months = 0.1%
YTD = 0.4%
Just an observation, but the fund will stay on my watch list in the hopes that its performance will eventually show …
FYI and FWIW, below are excerpts from a somewhat confusing, at least to me, recent M* Quantitative Analysis Report.
On the one hand, M* claims that HMEZX has "a weak portfolio-management team" but, on the other hand, it also states that a "sign of…
As a conservative and a retired investor, I want some exposure to equities in my portfolio and was recently looking at balanced funds with a M* risk rating of "Below Average" and a standard deviation of < 8 or 9%.
Two highly rated funds stood …
Unfortunately, trading of JASSX at Fidelity did not resume today as promised. Apparently, Fidelity is awaiting data from the fund company regarding the re-organization. The Fidelity representative said he reached out to the fund company but was unab…
Spoke to a Fidelity representative this morning and was informed that for JASSX, for example, the share class will be changed today from "S" to "R6" , but the fund symbol will not change. He had no information as to whether or not the expense ratio …
FYI, poster perrywinkle from the Armchairinvesting forum provided this very helpful piece of information that, hopefully, may clarify the issue at Fidelity:
"Some searching of SEC filings shows that there was a reorganization that takes effect Mond…
I am holding the fund through the Fidelity Funds Network, purchased about three weeks ago. Considered buying additional shares and got the messages I reported in my original post above.
Fred
FYI, here are some optimistic market observations from an article in yesterday's WSJ. Here are some excerpts:
"Shares of small companies and sectors of the market like financials and energy notched strong gains, while the broader stock market's mov…
Here is what David Giroux, the wunderkind manager of one of the best asset allocation funds, PRWCX, said in a recent M* interview about rising interest rates and duration:
"So, now, everybody's convinced the yields are going to go up 1% to 2%, but …
I have been looking at Highland Capital Management with respect to their NexPoint Merger Arbitrage fund (HMEZX). In the process, I came across an article in the Wall Street Journal from October 16, 2019 that indicated that the firm filed for bankrup…
little5bee said: "I wonder if the outperformance is from buying distressed funds..."
I don't have a clue what the manager's secret sauce is, but SVARX's "outperformance" since its inception in 2013 seems to indicate that he knows what he is doing.…
BT2020 said: "But go ahead and keep pushing highly leveraged and/or non-liquid funds...
So what's next?
Are you going to start pushing 2x and 3x leveraged funds like Profunds & Direxion too?"
Please, let's keep this thread on topic and let's n…
Sven said: "Overall the 60/40 allocation provides the best balance on return versus risk. However this is my personal opinion but every investors need to evaluate their own risk tolerance with respect to the return."
Thanks for your analysis, Sven…
No Mark. You are correct. I don't own but I believe it was available recently. It no longer is. So I guess I missed it. Too bad because it looks like a great fund.
No, Jon, unless you got PRWCX mixed up with another fund, it has been closed to new …
@fred495. JHQAX is very interesting. Will review the risk profile on MFO Premium and report back.
Thanks, Sven. Look forward to your assessment of JHQAX.
A quick look at its profile indicates that in its category the fund has a MFO Risk=2 ("C…
Thanks, JD, for sharing.
Never considered using options-based funds. But, after a quick review, both SWAN & DRSK look quite promising. Need to do more DD, of course.
Thanks, again.
Fred
After doing some research, I came across JHQAX, a fu…
Sorry, Crash, but I actually never pay much attention to "r-squared". I usually focus on a fund's std. deviation, Sharpe and Sortino values.
I put PTIAX on my watchlist because I was comfortable with its risk/reward profile. Also, M*'s 3-Yr Risk …
Thank you, MrRuffles, that's great news.
I was always wondering what happened to former Berwyn Income Fund managers Cipollini and Saylor after they resigned in 2019. Looks like they finally found a new home at Penn Mutual. I will be following the …
