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DoubleLine Strategic Commodity Fund Attracts 11th Month Of Inflows: (DBCMX)
FYI: The DoubleLine Strategic Commodity Fund attracted $58 million of net new cash in May, extending its streak of inflows for the past 11 months with more demand projected following a ratings boost from Morningstar Inc.
I own a smattering of DLCMX. The reason I don't own more - and am upset because of it - is because after move of my IRA to TDA, I stopped making trades. Have begun the process of moving our IRAs over to Schwab.
How is this even considered a commodity fund? Do they spend the day flipping futures or what?
So basically that seems to be the case. From the website: "The Fund will maintain a core long-commodity biased weighting while tactically allocating to the long-short dollar-neutral commodity strategy when a long-only strategy may not be as attractive. The long commodity positions are focused on commodities that have historically exhibited the highest degree of backwardation while the long-short strategy utilizes fundamental signals to determine its allocation."
Guess one needs to put a boatload of faith & trust in the manager(s). Not for the timid.
Also, for those who want it but can't afford the I-class shares the retail shares can be had for $2K and you can buy those I-shares for $5K in an IRA.
While searching for an example sentence for backward action (something funny, preferrably), I came across the world oleaginous :
The oleaginous Mike Pence, with his talent for toadyism and appetite for obsequiousness, could, Trump knew, become America’s most repulsive public figure. — George Will, The Washington Post, 9 May 2018 [they even share a similar tan...though Pence’s is less orange]
I know Will is a conservative.....but come on, this sentence contains “oleaginous,” “toadyism,” and a regular favorite of mine, “obsequiousness”! All it’s missing is “ubiquitous”
Comments
M* Snapshot PCLAX ...
http://www.morningstar.com/funds/xnas/pclax/quote.html
DBCMX min to invest 100K, YTD return 6.06%, 1 year retrun 27.13%, 3 year retrun 4.72% as of 6/8/18.
PCLAX min to invest 1K, YTD retrun 8.44%, 1 year retrun 31.49%, 3 year retrun 0.67% as of 6/8/18.
I my case ... It's what have you (the fund) done for me since I put my money to work just short of a year ago?
So basically that seems to be the case. From the website:
"The Fund will maintain a core long-commodity biased weighting while tactically allocating to the long-short dollar-neutral commodity strategy when a long-only strategy may not be as attractive. The long commodity positions are focused on commodities that have historically exhibited the highest degree of backwardation while the long-short strategy utilizes fundamental signals to determine its allocation."
Guess one needs to put a boatload of faith & trust in the manager(s). Not for the timid.
Also, for those who want it but can't afford the I-class shares the retail shares can be had for $2K and you can buy those I-shares for $5K in an IRA.
The oleaginous Mike Pence, with his talent for toadyism and appetite for obsequiousness, could, Trump knew, become America’s most repulsive public figure.
— George Will, The Washington Post, 9 May 2018 [they even share a similar tan...though Pence’s is less orange]
I know Will is a conservative.....but come on, this sentence contains “oleaginous,” “toadyism,” and a regular favorite of mine, “obsequiousness”! All it’s missing is “ubiquitous”