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Distribution date is a couple of days away.
GGN (at small premium) cousin GNT (at double-digit discount) didn't drop as much.
Sometimes, there isn't any good reason for a CEF to drop.
https://finance.yahoo.com/quotes/GGN,GNT/
Somehow I am on Cambria mailing list. I got an email pitch for its upcoming ETF TAX. Its tax-free conversion of separate accounts into this ETF is touted.
https://www.cambriainvestments.com/tax/
"(Separate Account) Qualifications:
· No single holdi…
High SKEW of 150 means that puts are more expensive now relative to calls. And that's because lots of people & institutions are buying puts for hedging.
An unconventional use of the term "completion".
In indexing, completion index is that complete the total beyond something selective. So, there is SP500 (VFIAX / VOO) and completion index (VEXAX / VXF) that add up to the total stock market (VTSAX / …
Price-weighted DJIA (5/26/1896- ) has a long continuous history. It has been promoted heavily by Dow Jones, WSJ, Barron's, and for years the general media reported only DJIA (those old enough may remember Cronkite years at CBS). DJIA now formally be…
In another thread, @Charles confirmed that the NAVs (not prices) are used risk and return metrics at MFOP.
"Yeah, all risk and return metrics in MFOP are based on NAV not Price, unfortunately. So, for mutual funds, insurance funds, NAV and Price ar…
A reporter asked about rising breakeven inflation rate, but Powell said that he isn't worried yet. Here are 5-yr and 10-yr breakeven inflation rates - they are approaching the levels seen in 04/2024.
https://fred.stlouisfed.org/graph/?g=1zzGy
Red in international stocks may be just because of strong up move in dollar. Most global markets were up this AM in their local currencies (exception HK).
https://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p2508428…
Wage increase of +38% over 4 years means +8.385% annualized.
$12K ratification bonus for 33K machinists means $396 million.
Boeing raised $23.5 billion in stock and convertible preferreds to shore up its finances - amounts reported vary ($21.1-24.3…
Widely used SMS texts are not very secure. They are unencrypted.
I have experience with both Symantec VIP and Google Authenticator. Many sites support one or the other. Timer for Symantec VIP starts from 0 and you have 1 minute to input the code. G…
Our county allows property tax payments via credit cards, but there is a fee. So, I just pay by online via e-check.
I do pay auto, home & life insurance via a credit card and I get cashbacks for those.
NVDA will be placed initially between CVX and MMM in DJIA, in the bottom 3rd of DJIA. Remember that NVDA recently split its stock. Who knows, it may double or triple again to dominate DJIA (-:).
What @msf noted is my understanding too - that VG patent covered the ETF classes of mutual funds, active or passive. It just so happened that VG wasn't big on active ETFs, so used it for passive funds only.
Now that the VG patent has expired, other …
Update/Changes, Oct. 30, 2024
Added Defined Outcome
Renamed Options Trading to Equity-Hedged
Revised text definitions of Real Estate, Macro Trading, and Long-Short Equity
PDF Host Share Link https://pdfhost.io/v/acPZOR97I_MStar_Fund_Categories_102024
Interesting question.
M* CEF data are mostly for NAV. Others use price (PV, TestFol, Stockcharts, etc).
MFO Premium Definitions just says fund "value" (for OEFs, ETFs, CEFs) & it isn't clear if price or NAV is meant for CEF.
When I changed to T-Mobile a few years ago, I stopped getting 2FA codes by text (not everyone provides phone option). After calling firms, who confirmed send, I called T-Mobile.
T-Mobile said, of course, 2FA txt codes are auto-blocked on new accoun…
Each line in the OP has 2 Janus Henderson (J-H) funds. A spacing may help.
This applies to Class D only that has a separate prospectus and is available only directly from J-H. It has a slightly lower ER than Class T.
There is another prospectus fo…
Cliffwater LLC is an alternative asset manager with $115 billion AUM. Stephen Nesbitt is the CEO and he has written books, articles, done media interviews. It offers 3 interval-funds:
CCLFX, AUM $22.8 billion, 2019- , firm's fund
CELFX, AUM $4 bilio…
I think that Schwab has modified its trading system recently.
In IRA trades, it accepted sell (OEFs or ETFs or CEFs) and then immediate buy (OEFs or ETFs) orders when there wasn't enough cash in the core a/c.
May be this started when T+1 for all …
While Morningstar doesn't mention 30-day SEC yield on its mutual fund Quote pages, its reported YTM yield on the Portfolio page is the 30-day SEC yield.
M* does report 30-day SEC yield for ETFs on the main Quote page.
Well, at Vanguard Brokerage, when one uses Buy, there are options to use the settlement fund VMFXX OR to transfer money from linked bank account. The latter works just as well as the old mutual fund purchases.
What is VG doing with its mutual-funds…
I had a related problem some years ago. My limit order wasn't filled but the consolidated tape showed a low price that was lower than my limit price. Fido told me that it sent the order to a particular exchange but the consolidated tape has data fro…
Rate moves from mid-September have been dramatic. See StockCharts for 10y and 2y (bottom panel).
https://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p52065233779
DB plans became too expensive to run. The benefits grew steadily, but the funds/portfolios supporting them didn't.
Then, there were abuses.
Companies could raid DB plans with excess funds, but not care when plans got underfunded. The nail in the …
I checked several ultra-ST bond ETFs and they trade after-hours too. If bid-ask is wide, use limit-orders. So, it isn't necessary buy additional ultra-ST bond ETFs for this flexibility.
@Derf, I got that warning from Fido only & ignored it, but never from Schwab or Vanguard. So, I am surprised by the VG warning.
The way I understand the issue is that the Treasury has until midnight on the settlement day to release funds for ma…
FirstHand SVVC is a closed-end business development company (BDC) on pink sheets (OTC). It doesn't show up in the CEFConnect database, but has quotes at M*, Yahoo Finance.
AUM $551K, Price 6c
https://finance.yahoo.com/quote/SVVC/key-statistics/
I…
Warren Buffett has been concerned by the bank accounting of AFS vs HTM holdings - the problem never went away. This picture is from BRK annual meeting last year. At higher rates, this issue becomes a problem again. So, WB has been dumping banks.
Maybe, the next improvement would allow the OP AND others to change the category - sort of community moderation. Some posters go for the max visibility and don't care for an isolated category.
Things posted on MFO Off Topic don't show up on the MFO Discussions feed. So, it's like a sub-forum whose contents are seen only there by clicking on Off Topic, or, here is the direct link,
https://www.mutualfundobserver.com/discuss/categories/off-t…
@WABAC, that looks like stale info for USFR.
Website shows 30-day SEC yield 4.75%, 10/18/24.
https://www.wisdomtree.com/investments/etfs/fixed-income/usfr
Treasury shows FRN Index at 4.567%, 10/18/24. This is the variable rate for FRNs.
USFR has …
