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I still have a ton in it, yes. Have sold none and should have been clearer. What I did was bail out of most YACKX and YAFFX. I additionally hold PRBLX, FLPSX, some foreign, some REIT, and that's about it. (No small now, no notional growth, no emerging, no lo-volatil, no balanced or blended.) Now back into PONDX, obvs. I have been comparing DSENX with NOBL, OUSA, DVY, and SCHD for many months now and am v pleased with its consistency and outperformance. So I would not hesitate were I you.
@davidrmoran Thanks again for drawing my attention to DSENX!
If you are thinking of buying in a retirement account, and at least $5000, consider DSEEX. You only need a minimum of $5000 to purchase institutional shares if it is in a retirement account, which will have a lower ER. However, it might have a transaction fee to consider (whereas DSENX might not, could depend on the brokerage).
@Charles and Press - with FNMA at just 6-7% of the fund holdings how big of an impact are you expecting/anticipating from even a positive decision? Also didn't the fund have quite a larger percentage of assets in this holding at the start of this dispute? If so one might question why its been sold down. Just curious.
Hi Mark...I believe the holdings were reduced, but only marginally. My original interest was in FAIRX, which holds similar stakes to also include a wider array of preferreds. To be clear, I sold out of my Fairholme position in December, mainly to avoid the distributions. On a flyer, I did buy quite a few shares of FNMA though in both taxable and deferred accounts at that same time.
The impact of a favorable ruling is a matter for debate....Bill Ackman believes the value of the commons to be worth between $20-$50/share. That is a return of between 10-25x the current price, which would clearly give BB a huge boost. It's up to the courts right now...
Actually I am rebalancing now to increase cash position after trimming precious metals and US equity. YTD is over 7% and that is good enough for us. Earning season is upon us in the States and I don't have confidence given the slow global growth and unrest. This year our family will limit our travel to our backyard in Pacific Northwest and Canada.
@Crash said: @MikeW: " I'm currently pondering investing in Mathews Asia Strategic Income..." MAINX . I still track this one. I think that in spite of itself, it has shown itself to be a good choice. It's limited to Asia, though Morningstar puts it in their World Bond category. David Snowball has written quite positive things about it, too. M* reports 6.8% cash now. @Junkster said You have some nice performing funds there Crash.
Opened new position in Asia High Yield,MCRDX. Managed by MAINX manager Theresa Kong,Own MAINX and DLENX in E M bonds.
From Mattews Asia web site.Q and A with Ms Kong/Matthews Asia How do the returns for Asia credit compare to similar asset classes as well as other equity and fixed income asset classes? Most bonds in the portfolio will be sub-investment grade, or so-called ‘high yield’ bonds. Such investments should be considered speculative and may include distressed and defaulted securities. However, high yield bonds tend to provide high income in an effort to compensate investors for their higher risk of default. Over the long term, Asia high yield bonds have generated higher returns than European, Lat. Am and U.S. high yield bonds, with a lower level of risk. http://us.matthewsasia.com/resources/docs/pdf/QA/QA-Asia-Credit-Opportunities.pdf
Comments
I have been comparing DSENX with NOBL, OUSA, DVY, and SCHD for many months now and am v pleased with its consistency and outperformance.
So I would not hesitate were I you.
The impact of a favorable ruling is a matter for debate....Bill Ackman believes the value of the commons to be worth between $20-$50/share. That is a return of between 10-25x the current price, which would clearly give BB a huge boost. It's up to the courts right now...
@MikeW: " I'm currently pondering investing in Mathews Asia Strategic Income..." MAINX . I still track this one. I think that in spite of itself, it has shown itself to be a good choice. It's limited to Asia, though Morningstar puts it in their World Bond category. David Snowball has written quite positive things about it, too. M* reports 6.8% cash now. @Junkster said You have some nice performing funds there Crash.
Opened new position in Asia High Yield,MCRDX. Managed by MAINX manager Theresa Kong,Own MAINX and DLENX in E M bonds.
From Mattews Asia web site.Q and A with Ms Kong/Matthews Asia
How do the returns for Asia credit compare to similar asset
classes as well as other equity and fixed income asset classes?
Most bonds in the portfolio will be sub-investment grade, or so-called
‘high yield’ bonds. Such investments should be considered speculative
and may include distressed and defaulted securities. However, high
yield bonds tend to provide high income in an effort to compensate
investors for their higher risk of default.
Over the long term, Asia high yield bonds have generated higher
returns than European, Lat. Am and U.S. high yield bonds, with a
lower level of risk.
http://us.matthewsasia.com/resources/docs/pdf/QA/QA-Asia-Credit-Opportunities.pdf