Equity Side of Portfolio Now in Rebalance Mode ... Reducing Equity Hi Robert,
I am not sure exactly how to respond to your question … but, here is my comment on positioning and a look at the holdings within my portfolio.
I own a lot of stuff in my well diversified portfolio. I like to think of it from this perspective. Picture a clock face that has a twelve hour period. As the clocks hands move they sweep through a time period and during this time sweep each hour becomes in fashion so to speak while the others are not. To me this is much like investing as at certain times certain assets are in more fashion than others as the markets cycle. With computerized trading the fashion asset can quickly become the darling, or step child, of the bunch for no apparent reason other that a computer sniffed out movement and the other computers follow suite and bid the price of this asset upward or downward. So what one perceives may or may not become an in fashion asset. That is why I own a great number of funds that play many different angles in many asset classes and some that can move most anywhere they are finding value.
With this, below is a list of funds that I own in my taxable account, my IRA account, my 401k account and my health savings account.
Fixed Income: LIGRX, LALDX, NEFRX, THIFX, STIAX and TPINX
Hybrid Income: CAPAX, FKINX, NEFZX, ISFAX, PASAX and PGBAX
Growth & Income, Global Equity: CWGIX, DEQAX and EADIX
Growth & Income, Global Hybrid: CABIX, IGPAX and TIBAX
Growth & Income, Domestic Equity: INUTX, SVAAX, SPQAX, FDSAX, ANCFX and NBHAX
Growth & Income, Domestic Hybrid: AZNAX, DDIAX, FRINX, AMECX, JPVAX, LABFX, LWSAX and ABALX
Growth, Int’l and Global: PGROX, ANWPX, THOAX, NEWFX, ODMAX
Growth, Domestic Large/Mid: VADAX, IACLX, AGTHX and SPECX
Growth, Domestic Small/Mid: PCVAX, PMDAX, IIVAX, and KSDVX
Growth, Specialty: JCRAX, LPEFX, MFLDX, PAUAX, WASAX and CTFAX
Under Review: SDUAX, PONAX, PIXAX, PCKAX, PQIZX, UTLAX, TOLLX, MMUFX, IBALX, FBLAX, JALMX, JDBAX, CREAX, KDSAX and THDAX
I hope this peek at my holdings and the ones that I have under review for possible purchase provides you with some insight that you might have been looking for.
Skeeter
3 Reasons Your Portfolio Needs More Exposure To Emerging Markets Singing my song. ODMAX? Maybe the "lw" version.
EM bonds: 4 key considerations for mutual fund investors
Schwab: Dead End on Emerging Markets? In the current thread: "Choosing the Right Asset Class in Emerging Markets: Why it Matters", there are a fair number of recommendations by MFO posters. I've been trying to see if any of these are available through Schwab, but so far, it seems not.
ODMAX: Institutional Investors Only
ODVYX: Institutional Investors Only
ODVNX: Trust Company Customers Only
WAEMX: Closed to new investors
GTDYX: Available to Existing Shareholders
LZOEX: Available to Existing Shareholders
FNMIX: Available, with Transaction Fee: $76
Evidently not easy to find a good EM fund with NTF via Schwab.
Choosing the Right Asset Class in Emerging Markets: Why it Matters Reply to
@Sven: This is my 401k, but I don't believe that matters. My 401k is through TRP and gives me the option of using something called "TradeLink". TradeLink gives me the option to purchase any of the 1000's of funds TRP carries.
I don't know if this would be true for you, but what I found about TRP is their 'available fund search' is poor. Through TRP, I use a search option called Gateway that supposedly gives the fund options available. What I found is this Gateway search does not always give all the funds available. I've asked TRP about that in the past and they acknowledged the problem and said if you don't see a fund you are looking for, call their help line to find out for sure.
What I do when I see a fund I want to investigate in TRP; I go to M* and start to type in the name in the 'quote' box. For instance if you type Oppenheimer Developing Markets, it will show you all the share types available,
ODMAX, ODVYX, ODVNX, ect... as you type. I'll then go into my TRP account and start a purchase request with the fund names. One of them will generally move forward and show it is available in TRP for purchase - even though it did not show up in their search engine. I have purchased ODVYX even though I did not find it in their Gateway search engine - transfer fee free by the way.
Don't know if that helps you any Sven, but bottom line is I don't trust the TRP search.
Choosing the Right Asset Class in Emerging Markets: Why it Matters ODMAX is available at NAV on a number of platforms. If it is not available on yours, I would suggest Invesco GTDYX, Lazard LZOEX. And Wasatch WAEMX should be available without commission wherever it is traded. Hope this helps.
Choosing the Right Asset Class in Emerging Markets: Why it Matters We have observed that really good managers/shops can and have done much better than EM index funds. Yeah, the index funds will almost always have lower expenses. But ODMAX, for example, even with a manager change a few years ago, continues to out-perform the EM index, 8 of 10 years, as well as 1, 3, 5-year periods. In the case of EM stocks, being tied to the index is not necessarily a good thing. And inefficiency is even more apparent in EM small caps, where WAEMX is way ahead of the EM index. This is not to say that there are not some real stinkers among the actively-managed EM funds. Pioneer, DWS, Putnam, and many others have managed to put a new meaning to the word ugly.
