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Regarding RPHYX, Is this accurate? Morningstar shows their top 25 holdings as maturing in 2015-2019
Those holdings might be callable bonds, meaning that the issuer has the option to pay off the bonds early in certain circumstances. Part of RPHYX's …
Should be noted that Grandeur Peak's expense ratios, while high, are lower than the comparable offerings from Wasatch. I don't think there are any real bargains for this asset class.
I owned RWGFX in my Roth IRA. Switched the entire position last year to River Park Large Growth (RPXFX), managed by Mitch Rubin.
RPXFX has done pretty well, with roughly the same performance as RWGFX although the portfolio is quite different. But w…
I prefer a fund with a small asset base (58 mil), especially given the sudden in-flows into RWGFX. RWGFX is very concentrated.
I don't think asset base is as much of an issue for large cap funds. According to Morningstar, RWGFX has $1.5 billion und…
I've held this fund for a year or two now. No complaints. Read the managers' commentaries on the Wedgewood Partners website -- I think that is the best way to see if their philosophy is a fit for you.
Thanks, this has been on my watch list for a while. I have a fairly large holding in WAEMX which I am going to gradually switch over to GPEOX, hopefully before the NAV rises so I can avoid the tax hit.
APPLX has about 13% in gold. It worked well for the fund in the past, but will it work in the future?
I own APPLX. If you read their most recent shareholder letter at http://www.appleseedfund.com, they have a short discussion of their rationale for …
David: The commentary is missing links to the fund profiles for FRNKX and OBIOX. I thought perhaps the profiles weren't ready yet, until I noticed the updates in the sidebar.
Portfolio holdings at Morningstar: http://portfolios.morningstar.com/fund/summary?t=TARKX®ion=USA&culture=en-US
Looks like a US all-cap, concentrated fund (31 holdings). Could be interesting but not a lot of info on their website: http:…
Reply to @MikeM: I like small funds as much as the next reader here, but at $29 million I'd be worried that it is a bit *too* small for what is likely a relatively expensive strategy. RiverPark liquidated their small cap fund earlier this year, alt…
Thanks for the tip about Vanguard availability. Requires a transaction fee, but brokerage availability makes this much more attractive for me.
I like the combination of all-cap scope, concentrated portfolio and relatively low turnover. It seems l…
I think the more important point is that frontier markets are relatively illiquid and that means there could be very big NAV changes in case they come under selling pressure -- even if the fund itself isn't facing redemptions and is perfectly fine w…
Beck, Mack & Oliver Partners Fund BMPEX seems like a very interesting fund. I like the combination of high management stake, all-cap flexibility, concentrated portfolio, and concern for risk. Most impressively, it's expense ratio is very attra…
I have fewer than 10 funds, each weighted between 10-15%. My experience is that I didn't get much of a feeling for a fund when it represented less than 10% of my portfolio. If a fund is interesting but I'm not willing to commit 10% of my portfolio…
Reply to @andrei: If there are indeed a number of bond CEFs trading at discount now, I expect RNDLX could bounce back quickly if (when?) the bond sell-off ends. But also a good chance that things will get much worse before they get better.
Reply to @David_Snowball: I think it's more interesting to compare this fund with its other DoubleLine siblings, DBLFX and ADBLX. Looks like RNDLX and ADBLX have been roughly equal (alternating periods of outperformance) and both have outperformed …
Reply to @VintageFreak: It likely has to do with the local regulations in those states. This link suggests that Texas and Nebraska are among a handful of states that require mutual funds to pay disproportionately high fees.
Reply to @Bitzer: I think WBMRX has an interesting strategy in being long large cap and short small cap. Based on their recent commentary, they are also short apartment REITs. If there is another major crash, these two sectors will definitely get …
Reply to @Bitzer: Sorry if I was unclear. I hold PAUIX and its role in my portfolio is partly as an inflation hedge, and partly as a diversified bond holding. Since both bonds (especially emerging market bonds) and inflation hedges have done poorl…
My approach is that I pick funds based on what goals I want them to achieve. I get rid of funds when either I change my goals or they fail to meet those goals.
PAUIX is basically a bet against inflation. This is pretty clear from PAUIX's benchmar…
Based on the regional breakdown in OregonDan's link, I'm going to estimate that GPROX's portfolio is roughly 41.5% emerging (Asia ex Japan + Mexico + Africa/Mid East + Latin Am), 31.4% developed international, and 26.7% US.
So while GPROX is obviou…
Reply to @Investor: According to Morningstar, the fund had over 9% in cash at the end of May. Assuming that's roughly still the case, seems like it would be plenty for a new acquisition (there are only two holdings that take up more than 9% of the …
Don't overlook Vanguard's service tiers. If you have $1m in Vanguard funds, this qualifies you for the Flagship service tier, which has some nice benefits like free trades and access to closed funds. The threshold includes all assets in the same h…
Reply to @jerry: I was following the article until I got to the conclusion. If you know which asset classes will outperform, then use index funds. If you don't know... then you should still use index funds anyway? Didn't the rest of the article j…
I'm not following this article. The author says junk bonds will crash because "the default rate will soar, sooner or later." Why is that? Are these companies struggling so much that they won't be able to repay their debt (even at record-low inter…
Reply to @bee: In practice I think all the managers/analysts will be "working" for the Global Reach Fund, in the sense that they will all be tasked with finding interesting investment targets (whether best-in-class, fallen angels or stalwarts). All…
The last two pages are interesting as it gives more details about the new Global Reach fund and their future roadmap.
Basically they envision Global Reach will contain stocks they identify using multiple strategies, and their other funds will be su…
AQR's ARCNX is only doing a little worse than Pimco's PCRIX, so they may be using a similar strategy. PCRIX holds TIPS for collateral. This strategy is expected to perform well in high inflation, when both commodities and TIPS are expected to go u…
I used to hold PREOX, which is as micro as they come. I exited a few years back (and of course it has been doing well since then).
The suggestions in this thread are good, but my bigger question is whether there is any real value in specifically h…
I couldn't make heads or tails of that strategy. Is it any similar to RiverNorth Dynamic Buy-Write Fund RNBWX, which I also don't understand but is also a low volatility (and low return) strategy?
ARTKX and RWGFX both up today. RWGFX is presumably due to Apple (which has been a drag on it all year); not sure about ARTKX but Europe generally had a good day.
On the flipside, ARIVX was down almost as much as the Russell 2000 index (despite be…
I'm surprised that ARIVX is so heavily into mining companies. Miners are quite volatile and face a lot of unique challenges and uncertainties that you don't get with other industries. Cinnamond says they only invest in miners with strong balance s…
So they ultimately plan on having 6-7 strategies/funds... at least for now. Any speculation on what those funds might be? Perhaps a frontier markets fund, if they keep taking cues from Wasatch?
There was a fair amount of buzz when this fund launched, given Tilson's reputation as a hedge fund manager. I remember being quite interested. Glad I dodged that bullet (although still make plenty of my own mistakes).
The problem is that you are comparing very different types of funds. RPHYX has a very different risk/return profile than LSBRX, DLTNX, PTTDX etc. In order to say the cost of RPHYX is "too high", you would need to compare it with other funds that p…
I don't support Kiyosaki at all (or Trump for that matter), but just to clear, the fact that one of Kiyosaki's companies declared bankruptcy is not proof that Kiyosaki has no business or investment skill. In fact it is just the opposite: declaring …