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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Good stuff briboe69.
Here are Lipper's definitions for the five portfolio allocation categories:
Cash - The cash category includes cash, cash equivalents (including money market funds) and assets less liabilities. All instruments with maturities o…
Hi VintageFreak. Yes, you may use an alternative username/email than the discussion board membership. Yes, any PayPal account/email. Also, while we use the PayPal secure portal, you don't need to make the donation via a PayPal account proper ... you…
Hi ron.
The legacy version of Risk Profile above can be obtained by entering a single symbol here. Return ranking is provided for all evaluation periods (1, 3, 5, 10, and 20 years), as applicable. But the metrics, like STDEV, are just for the olde…
@VintageFreak. The database is good. It's the presentation of the legacy screener that is causing you the confusion. The tabulated metrics are only for the longest evaluation period applicable ... 1, 3, 5, 10, or 20 years ... so you can only compare…
@VintageFreak and catch. No worries. Right, so, the legacy screener tabulates metrics only for the longest evaluation period applicable ... 1, 3, 5, 10 or 20 years. In case of WGRNX, that means 5 years (through September ... it crossed the 10 year m…
Hi VintageFreak. Rolling returns will be in the premium site. Will let you know when up and running. Ha! I know what you mean about FCOMX. Can't live off relative returns. Unfortunately, ratings are within category and relative. I do think a rating …
SEQUX rates a 1 across the past 1 and 3 year periods and a 3 across the past 5 year period ... through October in the MFO system, based on Martin risk adjusted return. Drawdown reached 21% in October. Since M*'s composite rating is based on 3, 5, an…
Thanks davidmoran!
A mutual fund manager must constantly re-balance the fund by selling securities to accommodate shareholder redemptions or to re-allocate assets. The sale of securities within the mutual fund portfolio creates capital gains for the…
Hi heezsafe. All same metrics will be available for all funds, including Martin and Sortino. We compute all metrics in-house based on the total month returns provided in the Lipper database. Will post when we make switch. Hope all is well. c
Ha! I know. David is a bit down on ETFs. I certainly understand why. And I recognize some of the drawbacks as well. But if the tax advantage is there, hard to see big money being able to resist. Honestly Joe, I'm too slow to fully understand it...bu…
Yeah, lots of the active equity mutual funds at Vanguard show cap gains hits (eg., VGENX). But the related index mutual funds (eg., VENAX) do not. Nor do the ETFs with same share class (eg., VDE). Presumably this benefit is because of the concept of…
Hi Mona. Right, I used the 2014 distributions to show that equity ETFs don't seem to pay cap gains. In case of Vanguard, some of their ETFs are actually share classes of the mutual funds, so portfolio is essentially same (eg., VHT and VCVLX). Now, p…
Only bond ETFs, which are hard to get around. No cap gains on any of the equity ETFs, looks like, even though some are literally another share class of their mutual funds. Correct?
Below is link to 2014 distributions (dividend and capital gains) on Vanguard ETFs...notice anything interesting?
https://personal.vanguard.com/us/funds/etf/all?sortorder=asc&sortorder=asc&sortorder=asc&sortorder=asc&sort=name&so…
Here are the risk/return metrics for GLDSX through August since inception and across various evaluation periods. (The screenshot is from our beta MFO Premium site.)
David points out that GLDSX trails the pack at the 10 year mark, which is reflected…
Thanks for insight on this issue msf, as always. Wonder who blew whistle or if it was just routine examination by SEC.
Nice article Ted. 'Cept for the math error pointed out by msf, think Gretchen Morgenson does fine job.
Wonder how widespread the…
Yes, I too always thought "moderate allocation" investors would find a -36.5% drawdown a bit hard to stomach. That said, DODBX dropped 45.8% during this time and scores a UI of 14.9. While VWELX dropped "only" 32.5% with its UI of 9.2. So, your caut…
@little5bee.
I got into TIBIX at Schwab for $100k by begging!
I like that...will have to try that sometime. My PCRA is with Schwab so I get the institutional rate, but normally TIBIX has $2.5M min. TIBAX imposes a 0.25% 12b-1 and a 4.5% max front lo…
Near term numbers pretty poor, even spending some time as a Three Alarm Fund, but across the last two full cycles, pretty strong...the fund is also now part of AMG's stable:
