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.
There are two different figures here, and they may be getting mixed up.
One is interest rate (not yield) assuming daily compounding. The other is total annual return. The former is indeed lower than the stated rate of a T-bill, though the latter…
The fund status is closed to all investors (see prospectus). Only div reinvestments are permitted.
This fund was formerly a State Street Research fund (not to be confused with SSgA). FWIW, there is a sibling fund, formerly SRLAX, now MDFGX. …
I'd skipped over this piece because of its title: Will Active ETFs Outnumber Passive ETFs? I don't care. As the article states, number of funds does not equate to AUM, i.e. market share.
Though as you point out, the piece goes into how these fun…
2 day old piece in the NYTimes on whether Trump and/or other insiders might sell once the lockup period expires.
https://www.nytimes.com/2024/09/09/business/trump-media-stock-lockup-agreement.html
A lot in there. There is some thought that other i…
I also checked ultra-ST FCNVX prospectus & it's still exempt from frequent trading.
As is FMNDX.
The frequent trading rule quoted applies just to Fidelity funds. Other NTF funds purchased at Fidelity are subject to a completely different sho…
Nothing against Duke as a company - I'd rather buy a note from them than a Wall Street company.
Senior unsecured Duke notes are rated Baa2 (Moody's) and BBB (S&P); current Goldman Sachs new issues (Fidelity listing) are rated A2 (Moody's) and B…
Any fresh thoughts re investing a few bucks here?
A number of companies package up variable rate demand notes into bank account-like accounts. Features may vary slightly (e.g. min required, check writing ability, min transaction amount) but the u…
Thanks for the heads-up @WABAC. I have wanted to add-to PRWCX in my 401k at Merrill forever. It would never allow me to do so in the past. I just put in an order to do so. Seems to have been accepted. Has a $49 TF but I'm ok with that. Fingers cros…
I wrote: If there was an announcement about this change, I missed it.
Yup, missed it. I don't generally frequent reddit. From a Fidelity moderator, 10 months ago:
It’s here! We’ve added the ability to automate your stock, ETF, and basket trades…
I suspect there is a setting somewhere that I’m not seeing that would direct them not to process a limit order unless / until all shares requested can be purchased or sold within the limit price set … …
Under "conditions" you can specify "all or no…
@Sven is asking what price is received when a purchase is made automatically, as opposed to being entered by the investor. It's a good question.
Most automatic investments are via DRIP plans. "True" DRIPs are set up with the companies themselves…
Fidelity is repeating what M* reports. You can see what info Fidelity has about each holding in your portfolio by clicking on "Learn more about your asset allocation" under the asset allocation ring in the upper left of the "analysis" page.
"Short…
Kinnel seems to imply you have to subscribe to M* Institutional database to run the screen. I haven't tried it in Fund investor. But why publish articles for individual investors based on a screen only available to high end clients?
It was never p…
Well that's disappointing, though the limit was so low that it doesn't really affect much.
... and losses in US Mail are cited as reasons
If you've got a problem, don't fix it (improve USPS), avoid it.
The USPS lost one of my refund bonds a few y…
If you don't like TRAIX as an example of a fund share class that slipped through the cracks, here's another share class that Kinnel missed: NCRLX.
Kinnel requires just one manager to have invested $1M. It doesn't even have to be the longest tenure…
TRAIX management fee is 59 basis points, still not the lowest quintile. It would have to be below 50 basis points to qualify.
Source?
On the TRAIX M* price page is a bar graph divided into quintiles that labels the price of TRAIX as "low" (first…
Apparently, most but not all of the initial shares are still locked up. On Aug 22, a few execs sold between 3,467 and 84,941 shares @$22.70. Not enough to move the market, but the rats may be lining up to jump ship.
Here's the EDGAR search resu…
But my concerns are the investors who have poor/no knowledge of options but are buying options-based funds thinking that they are all-weather income funds.
Exactly. I've mentioned risk profiles in a few other posts. There's been little response b…
Passive ETFs require daily holding disclosures
A common conception but the rule is actually the opposite. Based on the premise that investors already have a very good if not exact idea of what's in a fund that passively tracks an index, disclosu…
I respectfully disagree.
Kinnel wrote: "purely a screen; I don’t make any additions or subtractions." He says these are "simple, strict screens." Either one can access a particular share class or one can't.
The hoops one must jump through…
Dueling, context-free, mismatched numbers:
Q1/2017 through Q2/2020 vs. Wikipedia's "real wage" figures from the "2017–2019 period".
There's a well known golf saying (a rule, actually): Play it where it lies.
Covid hit during Trump's administrat…
Most of these ratings are machine driven anyway.
True, and that's what disqualifies most funds from the list.
"Funds must be rated by Morningstar analysts". That's human beings, not machines. If you're making a broader statement, that analysts…
RE in general has had a good year.
VNQ
VGSIX
Even FRIFX has moved up 10%ish
The sector's raw performance is good. A rising tide lifted all boats. Relatively speaking, not so impressive.
YTD, S&P 500 RE is the third worst (out of 11) perf…
I don't pay too much attention to sectors, so take the following as questions and observations from someone who knows just enough to be dangerous:
Do homebuilders like Pulte (a name I do recognize from having lived in suburbs) take out short term l…
PRWCX didn't make the cut because its cost isn't much below average. But TRAIX's is, and it is available to individual Summit Preferred Services customers at T. Rowe Price with a $50K min. ("Must be a share class accessible to individual investor…
Vanguard mutual funds cost $75 to purchase at Fidelity.
If 'twere only so.
Effective June 3, 2024, the transaction fee for Vanguard and Dodge & Cox mutual funds will increase from $75 to $100 per purchase.
https://www.mutualfundobserver.co…
I am more focused on the short term fund and I did a little comparing already. Vanguard has three short-ish muni funds: VMLUX, VTES, and VWSUX.
Vanguard comparison page
New funds' prospectus (draft)
VTES is passively managed. VSDM (Short Durat…
IOW, undo the Boeing/McDonnell Douglas merger.
The European Commission in reviewing the merger considered " potential spillover of benefits from the McDonnell Douglas defense business to the Boeing commercial airplane business"
https://boeing.media…
I looked into the Monument Annuity years ago. It looked like an interesting idea. Then it was sold to Nationwide and as I recall it became difficult to buy without an advisor. Glad to see one can buy it direct again.
All in costs are comparabl…
Fund Class ER Ticker M* Lipper Annuity
Taxable Bonds
Bank Loans
Fidelity VIP Floating Rate High Inc. Inv. 0.79% 0P00011U4F 5 5/4/5/3 Fidelity
High Yield
Fidelity VIP High Income Inv. 0.86% 0P00003ESA 2 1/1/2/4 Fidelity
Vanguard VIF…
I found the site about a week ago. Seemed reasonably good. Was planning to poke around a bit more before mentioning it.
Regarding VPM[AC]X - Finormal says "The suggested benchmark for VPMAX is the Russell 3000." That's reasonable since Primec…
@msf, HSFAX? Typo?
HFSAX. It's too easy to transpose letters. At least I got it right in the original PHEFX thread and in the Portfolio Visualizer analysis.
