Your most overvalued fund? Most undervalued?

hank

Possibly Overvalued: Hard question. I’m a bottom grubber, so high valuations normally drive me away. But probably my g/s mining fund OPGSX is due for a correction. May not occur for several months. And PRPFX may be overvalued as both the precious metals and bonds it holds are at lofty (ridiculous?) levels. And I always worry about PRWCX simply because it’s done so well for so long.
I’d agree with Leon Cooperman that today “bonds represent returnless risk.” But I still own them in funds - chiefly the non-U.S. issues.

Possibly Undervalued: In the undervalued camp, I still like PIEQX which is in developed markets of Europe, Australia and Japan just because those markets in aggregate have lagged for so many years. I think DODBX is likely undervalued due to value lagging for so long. At last check it had only 28% in bonds and my understanding is those tend to be short and intermediate duration which shouldn’t get hammered too badly when rates rise. As I’ve noted before, D&C has positioned their domestic funds (I can’t speak for their international) in anticipation of rising interest rates. So they’ve been underweight funds that benefit from lower rates and overweight those that do better in a rising rate environment. This - for at least the past 5 years. I’ll leave it for the pundits to decide whether they’ve been wrong or just early.

LewisBraham

I don't own these, but lately the higher the valuation the better they've performed:

https://morningstar.com/funds/xnas/mpegx/portfolio

https://morningstar.com/funds/xnas/zvgix/portfolio

msf

MPEGX - that's a blast from the past. I owned it in my 401(k) years ago when it was called MAS (Miller Anderson & Sherrerd) Mid Cap Growth, and managed by Arden C Armstrong. Pure rocket fuel on the way up and on the way down.

Glancing at its performance the past several years, it seems that's still a good way to describe the fund.