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.
For true life story, search for Tina Turner who walked away from a bad situation "...with only 36 cents and a Mobil gas card and later hid at the Ramada Inn across the freeway."
Talent eventually finds a way.
https://en.wikipedia.org/wiki/Tina_Turner
@jptak, good to know that you have been at MFO for MANY years. As there are many comments/complaints here related to M* or Morningstar, I often wondered if anyone from M* was here looking or monitoring.
BTW, we have also communicated at X/Twitter (…
Well, the literal answer is that Stewardship ratings are gone. But a different answer is that they are folded wuithin the Parent rankings.
From medalist methodology, 12/2023, https://www.morningstar.com/research/signature
"Parent
...asset manager…
M* thinks of Stewardship and Parent, so just a change in current terminology,
https://www.mfdf.org/docs/default-source/fromjoomla/dirrespdfs/morningstar_stewardship_slides.pdf
Only a call to Schwab can determine transferability of BRUFX. Its Availability field isn't blank. Schwab indicates specific items in this field such as for redemption only, not available for purchase, open, blank, etc.
https://www.schwab.com/researc…
Schwab in-kind transfer FAQs, https://www.schwab.com/transfer-to-schwab/faqs
One possible issue may be that 3rd parties can initiate taxable and IRA a/c transfers, but 401k/403b transfers must be initiated at the source - that may be a 3-way call …
WCPNX a solid core-plus fund that I noted at the time (Barron's Part 2, 11/28/22).
When Barron's has a full feature on funds, the fund firms can order reprints for their own distribution, PR, etc. The end of the piece indicates that Weitz did just …
M* portfolio measurements place them in LCG. But they have differences.
FCNTX, FDCAX are go-anywhere funds, so they can make big bets on SC/MC too.
FDSSX also focuses on sectors and factors.
FDSVX has strong growth with concentration, so it's non…
@Crash BRUFX pulls up a quote at Schwab, but it's not available for purchase. So, it exists on Schwab platform, and should be transferrable in-kind. WBALX is no-load/NTF at Schwab.
You should be able to drop off the check at Schwab branch. You can …
#6. Holcim/HCMLY is a giant Swiss producer of construction aggregates (concrete, gravel, etc) that is spinning off its Holcim-US (Chicago-based) operations. It has been in the list recommended by Meryl Witmer. It's probably as far as one could get f…
In trying to look for clear & concise explanation of "Y" and "F" shares, I found this:
"If the ticker ends with the letter "Y", this means that it is not an F share, but a Y share."
OK, cannot argue with that at all (-:). But seriously, from t…
@Tarwheel, GE recent returns have been great with the ongoing restructuring since 2018. The final spinoff of GE Power/Vernova will be soon. Then there will be 3 GEs - GE Aerospace/GE, GE Healthcare/GEHC and GE Vernova.
Both FCNVX and USFR (Treasury…
I tracked down the SEC/Edgar filing on this - multiple filings dated 1/22/24. This is being done quietly as I haven't seen much news on it.
https://www.sec.gov/Archives/edgar/data/1084380/000093041324000263/c107765_497k.htm
https://www.sec.gov/Archi…
Fido core/settlement choices depend on whether taxable or retirement a/c. EASY to switch.
https://www.fidelity.com/trading/faqs-about-account#faq_about2
Fido has multiple choices for core/settlement, but the default in taxable a/c is its OK m-mkt fund SPAXX. But Fido will automatically draw from other Fido m-mkt funds, as necessary.
Vanguard has m-mkt VMFXX as core/settlement funds, and that is the…
I don't think that T Rowe Price offers genuine fractional trading for stocks/ETFs (that one can enter as orders; Fido & Schwab allow that, but a different order screen may be needed). But there are fractional shares for mutual funds and dividend…
Interval-funds are special types of funds that have limited redemption windows and may require investors accreditation (for income/assets). The so-called stability of illiquid markets is from less frequent and fuzzy valuations (they are not marked-t…
@rforno, that would be an interval-fund, a special type of CEF.
OEFs can only suspend redemption temporarily, but may impose redemption fees (like class B loads that have almost gone away now due to paperwork problems).
Nontraded/non-listed funds …
I have relatives/friends in the advisory business. They a very different mindset about fees as that affects their lively hood. When there is discussion about low-cost mutual funds, they take a pass saying that isn't possible with them involved.
I t…
@MikeM, is this what you were trying to post?
Image ADDRESS (should have .jpg or .png ending) https://images.inc.com/uploaded_files/image/1920x1080/getty_133970892_157811.jpg
Image Posting at MFO
@sma3, copy (with right-click) the image-address (but not other URLs) & use the MFO Image-Tool (3rd from right) to post.
If an image doesn't have linkable address (e.g. screenshots or other pics on your PC), use free image…
BTW, Scott McNealy (69) has been laying low & spending quiet time with family, friends and personal hobbies. After he left as the CEO of Sun Micro in 2006 at age 52, and its Board in 2010 at age 56, he dabbled with some startups, but nothing cam…
@Crash, interesting that you only see that incorrect number in ALL links (I and others see different numbers there). It may be some AI-monster that adjusts linked info according to user location, and you probably got a bad AI-monster (-:). I will mo…
@David_Snowball, this shows that any single statistics doesn't tell much.
Correlation only tells how well 2 data series move in some "direction"; but the extent of the moves may be quite different. So, the high correlation between US Moderate-Allo…
@Crash, on web search, I found 2 numbers for GQG:
Common (754) 218 5500 https://gqg.com/contact-us/
Less common (866) 362 8333 https://www.crunchbase.com/organization/gqg-475c
The number you mentioned has 1 digit off. It's "362", not "372".
Franklin has 6 classes - A, A1, Adv, C, R, R6.
For Franklin Income - FKIQX, FKINX, FRIAX, FCISX, FISRX, FNCFX
Franklin RENAMED the old class A as A1 and then closed A1 to most investors in 09/2018. The new class A was started in 09/2018, so gener…
Many charting services have older data - StockCharts, Yahoo Finance (without reinvestments), Portfolio Visualizer, M*. Reading values from the charts may be approximate, but it should work for a handful of specific situations.
What exactly are you …
@msf, thanks for the additional info. The details vary by brokerages.
Fido will do same day exchange for Fido mutual funds, but does this 2-day exchange when one or both funds involved are non-Fido mutual funds. So, day 1 to sell, day 2 to buy. Sch…
Remember, T+3 changed to T+2 only in 2017 (not that long ago). And before T+3 was T+5.
Anyway, we should welcome T+1 on 5/28/24. This change was announced a couple of years ago, but firms were given a window of time to get ready for it.
https://www.…
Rajiv JAIN was the new Barron's Roundtable member this year and was featured in the January 29, 2024 issue. Get a copy for full details. He founded his firm GQG Partners a few years ago, but he has been around and is well regarded. His thinking may …
Keep in mind who is voting at the FOMC in 2024. For Cleveland-Chicago representation, it's Loretta Mester in 2024; Austan Goolsbee will be back to voting in 2024.
While all attend the FOMC meetings and participate in discussions, I have observed th…
As SAI (Statement of Additional Information) already had a meaning, the SEC shouldn't have allowed Fidelity to use SAI for another purpose (really, made up, because it doesn't even follow from Strategic Advisors LLC).
BTW, over the years, some info…
Info also has time value. So, the firm's proprietary research goes first to high-paying clients. But after that info gets stale in just a few days, it's everywhere for free - X/Twitter, Yahoo Finance, WSJ/Barron's, CNBC, etc. The paying clients get …
Well, Pershing is the clearing firm for Price/TROW. Also for TIAA, etc. Sometimes, 1 day may be lost by transfers between fund firm and Pershing.
Fido, Schwab, Vanguard (recent) have their own clearing operations and that makes a huge difference. B…
FCNTX Top holding META 12.52% of the AUM. META was up +20.32% today; it also started paying 0.50% dividend.
https://stockcharts.com/h-perf/ui?s=META&compare=FCNTX&id=p14446860698
The "temporarily unpublished" article has been "reviewed internally" and sanitized (-:),
https://www.morningstar.com/funds/15-funds-that-have-destroyed-most-wealth-over-past-decade
