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This episode is very informative on Giroux’s in-depth stock selection for PRWCX. A 5-year investment horizon is certainly more than most active managers. Wish he would talked a bit o the bond sleeve.
Here is what I found through T. Rowe Price site on the newly launched TRP Capital Appreciation & Income. A bit more information on the breakdown of different bond sectors the fund is invested.
Within the Capital Appreciation and Income Fund’s fixed income allocation, we hold a healthy mix of U.S. Treasuries, high-quality BB and BBB bonds,5 and bank loans. Looking at the current environment, we think BB and high‑quality bank loans create a compelling opportunity to generate equity-like returns while taking on less risk than the broader equity market.
@Sven, the next episode (2) is already out. Someone shared it last week on a different thread - you can search for it or find it at WealthTrack.
@WABAC posted last week briefly about the bond sleeve on a different thread. If you have access to M*, the bond sleeve data is as of 12/31, which I take it as current for our purposes.
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Here is what I found through T. Rowe Price site on the newly launched TRP Capital Appreciation & Income. A bit more information on the breakdown of different bond sectors the fund is invested. https://troweprice.com/personal-investing/resources/insights/bringing-a-tested-investment-process-to-a-new-wider-market.html
@WABAC posted last week briefly about the bond sleeve on a different thread. If you have access to M*, the bond sleeve data is as of 12/31, which I take it as current for our purposes.