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Lipper Mutual Fund Leaders This Week: Were Yours Close?
FYI: U.S. diversified stock funds remained in the winner's circle a second straight week, gaining 0.8% on average in the week ended Nov. 25, according to Lipper Inc.
Red ink swept across the major asset classes in November, with one exception: US equities By James Picerno | Dec 1, 2015 at 06:24 am EST The Capital Spectator Major Asset Classes | November 2015 | Performance Review Red ink swept across the major asset classes in November, with one exception: US equities. The Russell 3000 Index edged up 0.6% last month. Otherwise, losses prevailed, delivering a negative counterpoint to October’s generally bullish profile.
I don't see high yield munis above - last year's top performer with total returns in the mid to high teens. Up 3% YTD with little to no volatility while the better ones ala ABTYX up over 4% and PYMDX approaching 5%. Thanks in no small part to their tobacco bond holdings. Junk munis get no love. But no love is good. It pays not to run with the crowd. As we have seen, it's the highly touted and slickly promoted funds where everyone gravitates to that tend to way under perform.
@Junkster Thanks for that asset class update.Here's a fund with a more conservative bent in the muni space but has captured much of the upside you point out.Bought the sister fund ( PTIAX )last week.These were $5k minimum but now available through Schwab @ $100.00 initial for small/young investors looking to diversify. PTRMX - Performance Trust Muni Bd Retail Investment Approach The Fund invests in, but is not limited to, at least 80% of its net assets in investment-grade municipal securities. The Fund may invest up to 20% of its net assets in below investment-grade municipal securities. http://www.ptiafunds.com/about-ptimx http://www.ptiafunds.com/images/website/documents/fund-documents/ptimx_factsheet.pdf
Edit @heezsafe Sorry for the confusion.Meant to compare only PTRMX to Junk munis "The Fund may invest up to 20% of its net assets in below investment-grade municipal securities." As you stated below,we'll see how both Performance Trust funds do in any down draft.
TSP_Transfer, not as high powered as ABTYX and others, but can't disagree, PTIAX is a nice conservative fund. I looked at it at one time but my style of trading prevents me from buying any funds with short term redemption fees. Same with PTRMX. Hope you do well with PTIAX.
re. PTIAX Conservative? 57% of the fund is below investment-grade; 38.6% of it is below B. www.ptiafunds.com/images/website/documents/fund-documents/ptiax_factsheet.pdf
Nice profile, though. Sure would like to have a breakdown on what part of the junk is muni and what part is non-agency RMBS, before I pull the string on it. I also wonder what that crew would envision the maximum carrying capacity of the fund to be. It will be interesting to see how PTIAX performs in a major downdraft test, which it hasn't had, given its unique structure.
Comments
By James Picerno | Dec 1, 2015 at 06:24 am EST
The Capital Spectator
Major Asset Classes | November 2015 | Performance Review
Red ink swept across the major asset classes in November, with one exception: US equities. The Russell 3000 Index edged up 0.6% last month. Otherwise, losses prevailed, delivering a negative counterpoint to October’s generally bullish profile.
As for November, commodities were the big loser… again. The broadly defined Bloomberg Commodity Index fell 7.3% last month—the fifth consecutive monthly loss and the biggest dip since July.
http://www.capitalspectator.com/major-asset-classes-november-2015-performance-review/
U.S. Gasoline Prices Decline; Crude Oil Nudges Up
BY TOM MOELLER DECEMBER 1, 2015
http://www.haver.com/comment/comment.html?c=151201A.html
Thanks for that asset class update.Here's a fund with a more conservative bent in the muni space but has captured much of the upside you point out.Bought the sister fund ( PTIAX )last week.These were $5k minimum but now available through Schwab @ $100.00
initial for small/young investors looking to diversify.
PTRMX - Performance Trust Muni Bd Retail
Investment Approach
The Fund invests in, but is not limited to, at least 80% of its net assets in investment-grade municipal securities. The Fund may invest up to 20% of its net assets in below investment-grade municipal securities.
http://www.ptiafunds.com/about-ptimx
http://www.ptiafunds.com/images/website/documents/fund-documents/ptimx_factsheet.pdf
Edit @heezsafe
Sorry for the confusion.Meant to compare only PTRMX to Junk munis "The Fund may invest up to 20% of its net assets in below investment-grade municipal securities."
As you stated below,we'll see how both Performance Trust funds do in any down draft.
57% of the fund is below investment-grade; 38.6% of it is below B.
www.ptiafunds.com/images/website/documents/fund-documents/ptiax_factsheet.pdf
Nice profile, though. Sure would like to have a breakdown on what part of the junk is muni and what part is non-agency RMBS, before I pull the string on it. I also wonder what that crew would envision the maximum carrying capacity of the fund to be. It will be interesting to see how PTIAX performs in a major downdraft test, which it hasn't had, given its unique structure.