Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
BONDS The week that was....w/e December 20, 2024..... Bond NAV's Another HEAD SLAP + distributions
Hi @WABAC BaluBalu viewed the BOND page at 1:45 am, Saturday. I had placed a subject line note that the page was 'not ready for prime time' and that correct data would be loaded before noon today. He was commenting about one week 'OLD' data. Your data notes for PFF, etc. match my current numbers. This are correct to the best of our knowledge. And correct for MM's. I noted in 'bold' that MM's basis points in yield had a fairly large drop this past week. This is the M* page for FZDXX, which I don't review, but the 4.51% YTD, IMHO; appears to be a 'compounded' value based upon the recent yield(s) for this MM during the past several weeks. Gotta git for a bit.......
Hi @Sven Choose one of the items from the list I post and I'll post where and what for my data info and the sites. Not a big mystery site, but I can add links and what I review. Catch
@catch22, I was being lazy. Thought through your statement above, I find each ETF and bookmark their links. From there I am able to obtain the up to date YTD return and daily price change. Yahoo financial does not provide the most updated yields. Thank you again.
***** CWB in the list, indicates a + 3.02% gain for the week. I can not find any data that relates to this large gain.
NOTE:
My intention, at this time; is to present the data for the selected bond sectors, as listed; through the end of the year (2024). This 'end date' will take us through the U.S. elections period, pending actions/legislation dependent upon the election results, pending Federal Reserve actions and market movers trying to 'guess' future directions of the U.S. economy. As important during this period, are any number of global circumstances that may take a path that is not expected; and/or 'new' circumstances. In the 'cooking pot' we currently have the big ingredients of the middle east and also, how much damage Ukraine may inflict upon Russia and the response.
FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E November 22 , 2024..... Bond NAV's had weekly positive numbers
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'slightly UP' for this week's pricing. Many bond sectors where 'every which way' for most of the week, with price recovery for most sectors on Friday, which helped the positive prices for the week. Short and long duration bonds took turns with up and down pricing on various days. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week. A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, November 18 - November 22, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.45% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a few hundreds basis drop in yield for the week. MM's yields were down SLIGHTLY at .03 - .04 basis points for the week.................
--- AGG = +.15% / +1.61% (I-Shares Core bond), a benchmark, (AAA-BBB holdings) --- MINT = +.13% / +5.37% (PIMCO Enhanced short maturity, AAA-BBB rated) --- SHY = -.01% / +3.26 % (UST 1-3 yr bills) --- IEI = +.08% / +1.61% (UST 3-7 yr notes/bonds) --- IEF = +.30% / -.04% (UST 7-10 yr bonds) --- TIP = +.30% / +2.48% (UST Tips, 3-10 yrs duration, some 20+ yr duration) --- VTIP = +.14% / +4.57% (Vanguard Short-Term Infl-Prot Secs ETF) --- STPZ = +.13% / +4.23% (UST, short duration TIPs bonds, PIMCO) --- LTPZ = +.39% / -1.84 % (UST, long duration TIPs bonds, PIMCO) --- TLT = +.34% / -5.54% (I Shares 20+ Yr UST Bond --- EDV = +.41% / -9.51% (UST Vanguard extended duration bonds) --- ZROZ = +.50% / -12.08% (UST., AAA, long duration zero coupon bonds, PIMCO --- TBT = -.51% / +20.27% (ProShares UltraShort 20+ Year Treasury (about 23 holdings) --- TMF = +.74 % / -29.25% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf) *** Additional important bond sectors, for reference: --- BAGIX = +.21% / +2.12% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund) --- USFR = +.12% / +4.92% (WisdomTree Floating Rate Treasury) --- LQD = +.13% / +1.61% (I Shares IG, corp. bonds) --- MBB = +.46% / +1.67% (I-Shares Mortgage Backed Bonds) --- BKLN = +.25% / +7.69% (Invesco Senior Loan, Corp. rated BB & lower) --- HYG = +.33% / +8.06 % (High Yield bonds, proxy ETF) --- HYD = +.15%/+5.19% (VanEck HY Muni) --- MUB = +.17% /+1.75% (I Shares, National Muni Bond) --- EMB = +.53%/+6.41% (I Shares, USD, Emerging Markets Bond) --- CWB = +3.02% / +14.02% (SPDR Bloomberg Convertible Securities) --- PFF = +.34% / +10.36% (I Shares, Preferred & Income Securities) --- FZDXX = 4.45% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please. Remain curious, Catch
@WABAC I try to have some personal answers to bond pricing moves. The events in Ukraine may have caused some action. I also saw a blip about Long Duration bond holders (pension funds, etc.) wanting to hold LD with the existing yields. I still feel the prime bond market movers are the unknowns of the results of the actions of the next group in DC. A lot of moving parts. I used to have to fix gear trains (20 gears of various sizes) as a part of my mechanical work. One worn gear or gear that changes from a normal speed can affect many other gears that all have a known purpose. Mechanical events like this can cause the 'shite' to hit the fan, if the fan is the device being driven by the gears. This is the best analogy I can provide at this time.
***** If you have a credible source for the actions within the bond markets this week, please share here; if you are willing. ADD: There remains global warfare; and a few new adds this week. Perhaps there is some form of flight to safety.
NOTE:
My intention, at this time; is to present the data for the selected bond sectors, as listed; through the end of the year (2024). This 'end date' will take us through the U.S. elections period, pending actions/legislation dependent upon the election results, pending Federal Reserve actions and market movers trying to 'guess' future directions of the U.S. economy. As important during this period, are any number of global circumstances that may take a path that is not expected; and/or 'new' circumstances. In the 'cooking pot' we currently have the big ingredients of the middle east and also, how much damage Ukraine may inflict upon Russia and the response.
FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E November 29 , 2024..... Bond NAV's LARGE gains
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'most bond sectors 'UP BIG' for this week's pricing. Many bond sectors were very positive each day of the week. Long durations had the biggest gains. WHAT happened to the 'inflation scare' thing ??? So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week. A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, November 25 - November 29, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.45% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a few hundreds basis drop in yield for the week. MM's yields were down SLIGHTLY at .02 basis points, more or less, for the week.................
--- AGG = +1.42% / +3.05% (I-Shares Core bond), a benchmark, (AAA-BBB holdings) --- MINT = +.11% / +5.48% (PIMCO Enhanced short maturity, AAA-BBB rated) --- SHY = +.38% / +3.65 % (UST 1-3 yr bills) --- IEI = +1.01% / +2.64% (UST 3-7 yr notes/bonds) --- IEF = +1.70% / +1.66% (UST 7-10 yr bonds) --- TIP = +.92% / +3.42% (UST Tips, 3-10 yrs duration, some 20+ yr duration) --- VTIP = +.27% / +4.84% (Vanguard Short-Term Infl-Prot Secs ETF) --- STPZ = +.36% / +4.60% (UST, short duration TIPs bonds, PIMCO) --- LTPZ = +2.73% / +.84 % (UST, long duration TIPs bonds, PIMCO) --- TLT = +3.96% / -1.80% (I Shares 20+ Yr UST Bond --- EDV = +5.65% / -4.40% (UST Vanguard extended duration bonds) --- ZROZ = +6.23% / -6.60% (UST., AAA, long duration zero coupon bonds, PIMCO --- TBT = -7.24% / +11.56% (ProShares UltraShort 20+ Year Treasury (about 23 holdings) --- TMF = +11.36 % / -21.21% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf) *** Additional important bond sectors, for reference: --- BAGIX = +1.47% / +3.63% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund) --- USFR = +.08% / +5.00% (WisdomTree Floating Rate Treasury) --- LQD = +1.98% / +3.63% (I Shares IG, corp. bonds) --- MBB = +1.44% / +3.13% (I-Shares Mortgage Backed Bonds) --- BKLN = +.09% / +7.79% (Invesco Senior Loan, Corp. rated BB & lower) --- HYG = +.69% / +8.81 % (I Shares High Yield bonds, proxy ETF) --- HYD = +.88%/+6.12% (VanEck HY Muni) --- MUB = +.86% /+2.63% (I Shares, National Muni Bond) --- EMB = +1.43%/+7.94% (I Shares, USD, Emerging Markets Bond) --- CWB = +.91% / +15.06% (SPDR Bloomberg Convertible Securities) --- PFF = +.76% / +11.20% (I Shares, Preferred & Income Securities) --- FZDXX = 4.45% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please. Remain curious, Catch
My junk: From Oct. '21 low to this past Friday: +20.95%. Call it +21%, shall we? TUHYX. Approx. 7 percent per year. I'll take it, in a heartbeat. I'm not reducing my junk, but growing I.G. bonds, these days. I bought into that junk fund precisely at the wrong time, just prior to heavy-handed interest rate increases. I rode it down; now, up. Why pay twice for the same mistake? I note HYG is doing better. I don't like the volatility in ETFs. So I've discovered about myself. If I'm going to endure volatility, I might as well buy single-stocks. I own but two. Pleased with them, in a big way.
My intention, at this time; is to present the data for the selected bond sectors, as listed; through the end of the year (2024). This 'end date' will take us through the U.S. elections period, pending actions/legislation dependent upon the election results, pending Federal Reserve actions and market movers trying to 'guess' future directions of the U.S. economy. As important during this period, are any number of global circumstances that may take a path that is not expected; and/or 'new' circumstances. In the 'cooking pot' we currently have the big ingredients of the middle east and also, how much damage Ukraine may inflict upon Russia and the response.
FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E December 6 , 2024..... Bond NAV's DECENT gains
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'most bond sectors 'HAD DECENT GAINS ' for this week's pricing. Many bond sectors were very positive each day of the week. All durations swapped pricing placing on various days of the week. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week. A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, December 2 - December 6, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.44% yield (Down .01 for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a +/- of .01% basis in yield for the week. MM's yields were basically FLAT for change, more or less, for the week.................
--- AGG = +.45% / +3.51% (I-Shares Core bond), a benchmark, (AAA-BBB holdings) --- MINT = +.12% / +5.61% (PIMCO Enhanced short maturity, AAA-BBB rated) --- SHY = +.21% / +3.88 % (UST 1-3 yr bills) --- IEI = +.30% / +2.95% (UST 3-7 yr notes/bonds) --- IEF = +.39% / +2.06% (UST 7-10 yr bonds) --- TIP = +.24% / +3.67% (UST Tips, 3-10 yrs duration, some 20+ yr duration) --- VTIP = +.16% / +5.02% (Vanguard Short-Term Infl-Prot Secs ETF) --- STPZ = +.18% / +4.79% (UST, short duration TIPs bonds, PIMCO) --- LTPZ = +.33% / +1.17% (UST, long duration TIPs bonds, PIMCO) --- TLT = +.80% / -1.02% (I Shares 20+ Yr UST Bond --- EDV = +1.20% / -3.25% (UST Vanguard extended duration bonds) --- ZROZ = +1.56% / -5.13% (UST., AAA, long duration zero coupon bonds, PIMCO --- TBT = -1.60% / +9.7% (ProShares UltraShort 20+ Year Treasury (about 23 holdings) --- TMF = +2.37% / -19.35% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf) *** Additional important bond sectors, for reference: --- BAGIX = +.41% / +4.05% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund) --- USFR = +.08% / +5.08% (WisdomTree Floating Rate Treasury) --- LQD = +.48% / +4.13% (I Shares IG, corp. bonds) --- MBB = +.35% / +3.49% (I-Shares Mortgage Backed Bonds) --- BKLN = +.14% / +7.94% (Invesco Senior Loan, Corp. rated BB & lower) --- HYG = +.28% / +9.11 % (I Shares High Yield bonds, proxy ETF) --- HYD = +.15%/+6.27% (VanEck HY Muni) --- MUB = +.27% /+2.91% (I Shares, National Muni Bond) --- EMB = +.75%/+8.75% (I Shares, USD, Emerging Markets Bond) --- CWB = +.08% / +15.15% (SPDR Bloomberg Convertible Securities) --- PFF = -.71% / +10.41% (I Shares, Preferred & Income Securities) --- FZDXX = 4.44% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please. Remain curious, Catch
Thanks for the update. Is there a typo in the sentence before the sentence in bold?
The returns for the week were impressive across the board. What happened to PFF in a week when both bond market and stock market did well?
Does the table include dividends (total returns) or just price changes? Sorry for the dumb question as this thread started a long time ago and the Q probably was already addressed.
Edit: only 3 of the 11 equity sectors (cap weighted) were up last week. I guess below the surface was not as good.
These are weekly data: the first data is the NAV changes, and the second data is the YTD total return in %. I think @catch22 has them in reverse order. Correct me if I’m off.
For the WEEK/YTD, NAV price changes, December 2 - December 6, 2024
These are weekly data: the first data is the NAV changes, and the second data is the YTD total return in %. I think @catch22 has them in reverse order. Correct me if I’m off.
For the WEEK/YTD, NAV price changes, December 2 - December 6, 2024
Looking at the magnitudes, I think the ordering is correct.
I would have thought the first day of the month is an ex-Div date for a lot of ETFs. If so, data for any week that includes the first day of the month will be off unless it is total return. If last week was ex-Div and the weekly data is just price only, then last week performance is even more impressive. Also, if different ETFs go ex on different dates (e.g., end of the month vs first day of the month), price performance comparison for the week of different ETFs can be suspect. I am not raising these points to ask Catch to change anything but to know how to use his work.
YBB, That is a big ask in the current world where attention spans are low. I will be happy if people pay attention to context. Forum members are notorious for making out of context comments and taking others’ posts out of context. I used to think the intent was ill will but then realized they are just challenged - social media era! This includes some that are 100 times smarter than I am.
Is there a typo in the sentence before the sentence in bold?
A few of the associated words please. Thank you.
Is there confusion about the weekly changes and then the total YTD, which would include the current week???
.....For the WEEK/YTD, NAV price changes.....= change for the week/YTD is what the letters indicate. For the week and YTD all have a percentage symbol. I can't improve upon this.
As to the etf, PFF. There was a Monday distribution which caused a price drop of .82% on that day. There may have been other actions with the holdings for the entire week that affected the week ending change of -.71%. The etf is indicated to have 3 equity positions and 440 of mostly corp. bonds accounting for 86% of the portfolio. Rated bonds of the BB flavor at 57.4% and BBB flavor at 28.5%.
Only a few more weeks and this will not be of concern.
I checked TLT YTD price change. On a price basis, the YTD loss is higher than the reported -ve 1.02% which had to include dividends distributed during the year.
Same with MBB.
So, I will accept that the YTD numbers are for total return.
@BaluBalu As to TLT, the I-Shares web site indicates a -1.09% YTD vs the M* data I use; which indicates for this week's numbers, as a -1.02% YTD. NOTE: TLT also had a December 2 monthly distribution. I do not go to each vendor page for performance data. I reply upon M* indicating the proper data, which is received from the fund company(s). Periodically, overnight data for performance does change in small amounts. I double check the numbers the next day (Saturday before posting) I adjust these are needed prior to posting what I believe are accurate numbers.
*** You didn't reply to the typo words you had asked about previous. Which words? ---Morningstar Total Return, per their description (copy/paste)--- Expressed in percentage terms, Morningstar’s calculation of total return is determined by taking the change in net asset value, reinvesting all income and capital gains distributions during that month, and dividing by the starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. We provide both current and month-end returns.
Note - Total Return (current) 4 Wk vs. Total Return (month-end) 1 Mo returns: For the four-week time period only, current returns are week-based rather than month-based. Therefore, at the end of each month, you may notice the returns are slightly different for Total Return current - 4 Wk and Total Return (mo-end) 1-month. The rest of the time periods are not affected by this.
Benefits
Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads and redemption fees), preferring to give a clearer picture of a fund’s performance. The total returns do account for management, administrative, 12b-1 fees and other costs taken out of fund assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures.
Origin
Morningstar calculates total returns daily, using the raw data (NAVs, dividends, capital gain distributions) collected from fund companies. Formulas for total return are listed below. We provide both daily and monthly total return figures.
For funds with tickers, Current NAV reflects the price as of the close of business the previous day. For funds without tickers, Current NAV reflects the closing price as of two business days prior.
Can you pl help understand what this is all about? (May be an example could be easier to understand.)
“Note - Total Return (current) 4 Wk vs. Total Return (month-end) 1 Mo returns: For the four-week time period only, current returns are week-based rather than month-based. Therefore, at the end of each month, you may notice the returns are slightly different for Total Return current - 4 Wk and Total Return (mo-end) 1-month. The rest of the time periods are not affected by this.“
@BaluBalu, rolling 4-wk returns would end on Fridays, or if rolling 20-days, the ending would be any day of the week. But typical monthend is 28/29 or 30 or 31. So, there would be slight differences in 4-wk and monthly returns near the monthends. At other times, one shouldn't be comparing them.
At Morningstar, I see data for Day-end, Month-end, Quarter-end. It is probably using 5-day week, 30-day month and 90-day quarter to provide 1-wk, 1-mo, 3-mo data in the Day-end view. It uses calendar Month-end and Quarter-end in those views.
StockCharts has a parameter ROC(12) that is rolling-return over 12 days. I set it to 20 to simulate rolling 4-wks/20-days.
May be I need to get a more basic understanding of where in M* performance data I can access. Currently, I access in M* charts (1 mo, 3 mo, 6 mo, YTD, etc. or customized date range) OR in my portfolio settings (weekly is available). I know Performance tab of each fund has trailing (rolling?) returns (day end, month end, Quarter end, etc.) but I use this tab mostly for fund flows and percentile ranks. Is there a different place in M* where performance data, especially comparative performance, data is available? Is the 1 wk data I am pulling in my portfolio not end of the day 5 day data but 1 week as of last Friday data?
@Catch22, where in M* do you go to pull the comparative fund performance data? I assumed you created a dummy portfolio / watch list with all the funds in your weekly post.
where in M* do you go to pull the comparative fund performance data? I assumed you created a dummy portfolio / watch list with all the funds in your weekly post.
--- We don't have a watch list that we use for the data numbers for the list; although we do have a watchlist for our own purposes; but not at Morningstar. We don't have an account with M*.
I know Performance tab of each fund has trailing (rolling?) returns (day end, month end, Quarter end, etc.)
--- This is the M* portion I use for data numbers for the list. The Performance tab also has the 'Distribution' tab adjacent.
Without a watch list to pull comparative data, that is a lot of work, Catch.
Does one need a premium M* account to make a watch list? A few of us here have M* premium subscription (mine is free through TRP) and one of us can volunteer to continue your thread (at least the data part in some form) assuming the process can be semi automated. I am completely incompetent with technology and spreadsheets but i can be taught.
P.s.: Performance tab is where I check for past distributions.
Both M* Legacy Portfolio and M* Portfolio support Watchlists (basically, dummy portfolios with 1 share each).
M* Legacy Portfolio may be slow in updating prices. It seems that @catch22 pulls his data on Saturday, so that may be OK.
Of course, that assumes that @catch22 is a subscriber.
M* Performance, Day-end is truly rolling data updated to the day (with 5-day wk, 30-day mo, 90-day qtr).
Month-end would change only after the end of the calendar month, Quarter-end only after the end of calendar quarter. So, it may be considered semi-rolling.
So, what are the bond kids thinking??? A .25 rate cut this coming week and then FINI for a length of time due to inflation. Perhaps there is concern with required skillsets for proper restructuring of multiple departments within the U.S. government by questionable managers, that will be forthcoming in a few weeks and retaliation for proposed tariffs. The Ontario, Canada Premiere has issued a 'Ya wanna play to DJT & Co.'. Perhaps there is overall concern with what comes after January 20, 2025.
NOTE:
My intention, at this time; is to present the data for the selected bond sectors, as listed; through the end of the year (2024). This 'end date' will take us through the U.S. elections period, pending actions/legislation dependent upon the election results, pending Federal Reserve actions and market movers trying to 'guess' future directions of the U.S. economy. As important during this period, are any number of global circumstances that may take a path that is not expected; and/or 'new' circumstances. In the 'cooking pot' we currently have the big ingredients of the middle east and also, how much damage Ukraine may inflict upon Russia and the response.
FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E December 13 , 2024. Bond NAV's PINCH your nose, avoid the SMELL
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find most bond sectors HAD THE BIG HEAD SLAP for this week's pricing. The majority of bond sectors were down all day, each day of the week. All durations pricing were down every day of the week. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was NASTY AND DOWN. The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, December 9 - December 13, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.44% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a .00% basis change in yield for the week. MM's yields were unchanged, for the week.................
--- AGG = -1.42% / +2.04% (I-Shares Core bond), a benchmark, (AAA-BBB holdings) --- MINT = +.07% / +5.68% (PIMCO Enhanced short maturity, AAA-BBB rated) --- SHY = -.17% / +3.70 % (UST 1-3 yr bills) --- IEI = -.84% / +2.09% (UST 3-7 yr notes/bonds) --- IEF = -1.66% / +.36% (UST 7-10 yr bonds) --- TIP = -.96% / +2.67% (UST Tips, 3-10 yrs duration, some 20+ yr duration) --- VTIP = -.12% / +4.89% (Vanguard Short-Term Infl-Prot Secs ETF) --- STPZ = -.25% / +4.53% (UST, short duration TIPs bonds, PIMCO) --- LTPZ = -3.25% / -2.12% (UST, long duration TIPs bonds, PIMCO) --- TLT = -4.49% / -5.46% (I Shares 20+ Yr UST Bond --- EDV = -6.41% / -9.45% (UST Vanguard extended duration bonds) --- ZROZ = -7.33% / -12.09% (UST., AAA, long duration zero coupon bonds, PIMCO --- TBT = +9.59% / +20.30% (ProShares UltraShort 20+ Year Treasury (about 23 holdings) --- TMF = -12.62% / -29.52% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf) *** Additional important bond sectors, for reference: --- BAGIX = -1.31% / +2.68% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund) --- USFR = +.10% / +5.19% (WisdomTree Floating Rate Treasury) --- LQD = -1.79% / +2.26% (I Shares IG, corp. bonds) --- MBB = -1.54% / +1.89% (I-Shares Mortgage Backed Bonds) --- BKLN = +.14% / +8.10% (Invesco Senior Loan, Corp. rated BB & lower) --- HYG = -.61% / +8.44 % (I Shares High Yield bonds, proxy ETF) --- HYD = -1.23%/+4.96% (VanEck HY Muni) --- MUB = -1.20% /+1.68% (I Shares, National Muni Bond) --- EMB = -1.47%/+7.15% (I Shares, USD, Emerging Markets Bond) --- CWB = -.95% / +14.05% (SPDR Bloomberg Convertible Securities) --- PFF = -1.35% / +8.92% (I Shares, Preferred & Income Securities) --- FZDXX = 4.44% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please. Remain curious, Catch
Did you guys notice that many online savings rates are sub 4%? MM are still way higher. I guess when that flips, we will start sharing online bank rates. I would like us to keep this thread alive in some form.
@catch22, the 10 years treasury rose again to 4.40% on Friday, 12/13/24. Now it is higher than the shorter T bills, 3 mo and 6 mo. Is this the beginning of the yield curve flattens ?
@BaluBalu I have no idea about others here, but we don't have a need for online banks. We have enough accounts, as is. Our local CU is for parking monies for current needs. If a larger balance is needed, we have a two day transfer from Fidelity from a MM account that still has a decent yield. @Sven Rates ??? With all the unknowns coming our way from the new government; I can't place a best guess for yields 6 months from now.
With the inflation being sticky, it is likely the rate will stay higher and longer with fewer cuts in 2025. One pundit mentioned there may be no cut next year and one or two cut in 2026.
Comments
Your data notes for PFF, etc. match my current numbers. This are correct to the best of our knowledge.
And correct for MM's. I noted in 'bold' that MM's basis points in yield had a fairly large drop this past week.
This is the M* page for FZDXX, which I don't review, but the 4.51% YTD, IMHO; appears to be a 'compounded' value based upon the recent yield(s) for this MM during the past several weeks.
Gotta git for a bit.......
Catch
NOTE: FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E November 22 , 2024..... Bond NAV's had weekly positive numbers
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'slightly UP' for this week's pricing. Many bond sectors where 'every which way' for most of the week, with price recovery for most sectors on Friday, which helped the positive prices for the week. Short and long duration bonds took turns with up and down pricing on various days. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, November 18 - November 22, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.45% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a few hundreds basis drop in yield for the week. MM's yields were down SLIGHTLY at .03 - .04 basis points for the week.................
--- AGG = +.15% / +1.61% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.13% / +5.37% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = -.01% / +3.26 % (UST 1-3 yr bills)
--- IEI = +.08% / +1.61% (UST 3-7 yr notes/bonds)
--- IEF = +.30% / -.04% (UST 7-10 yr bonds)
--- TIP = +.30% / +2.48% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = +.14% / +4.57% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = +.13% / +4.23% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = +.39% / -1.84 % (UST, long duration TIPs bonds, PIMCO)
--- TLT = +.34% / -5.54% (I Shares 20+ Yr UST Bond
--- EDV = +.41% / -9.51% (UST Vanguard extended duration bonds)
--- ZROZ = +.50% / -12.08% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = -.51% / +20.27% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = +.74 % / -29.25% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = +.21% / +2.12% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- USFR = +.12% / +4.92% (WisdomTree Floating Rate Treasury)
--- LQD = +.13% / +1.61% (I Shares IG, corp. bonds)
--- MBB = +.46% / +1.67% (I-Shares Mortgage Backed Bonds)
--- BKLN = +.25% / +7.69% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = +.33% / +8.06 % (High Yield bonds, proxy ETF)
--- HYD = +.15%/+5.19% (VanEck HY Muni)
--- MUB = +.17% /+1.75% (I Shares, National Muni Bond)
--- EMB = +.53%/+6.41% (I Shares, USD, Emerging Markets Bond)
--- CWB = +3.02% / +14.02% (SPDR Bloomberg Convertible Securities)
--- PFF = +.34% / +10.36% (I Shares, Preferred & Income Securities)
--- FZDXX = 4.45% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch
I still feel the prime bond market movers are the unknowns of the results of the actions of the next group in DC. A lot of moving parts. I used to have to fix gear trains (20 gears of various sizes) as a part of my mechanical work. One worn gear or gear that changes from a normal speed can affect many other gears that all have a known purpose. Mechanical events like this can cause the 'shite' to hit the fan, if the fan is the device being driven by the gears. This is the best analogy I can provide at this time.
ADD: There remains global warfare; and a few new adds this week. Perhaps there is some form of flight to safety.
NOTE: FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E November 29 , 2024..... Bond NAV's LARGE gains
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'most bond sectors 'UP BIG' for this week's pricing. Many bond sectors were very positive each day of the week. Long durations had the biggest gains. WHAT happened to the 'inflation scare' thing ??? So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, November 25 - November 29, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.45% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a few hundreds basis drop in yield for the week. MM's yields were down SLIGHTLY at .02 basis points, more or less, for the week.................
--- AGG = +1.42% / +3.05% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.11% / +5.48% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = +.38% / +3.65 % (UST 1-3 yr bills)
--- IEI = +1.01% / +2.64% (UST 3-7 yr notes/bonds)
--- IEF = +1.70% / +1.66% (UST 7-10 yr bonds)
--- TIP = +.92% / +3.42% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = +.27% / +4.84% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = +.36% / +4.60% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = +2.73% / +.84 % (UST, long duration TIPs bonds, PIMCO)
--- TLT = +3.96% / -1.80% (I Shares 20+ Yr UST Bond
--- EDV = +5.65% / -4.40% (UST Vanguard extended duration bonds)
--- ZROZ = +6.23% / -6.60% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = -7.24% / +11.56% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = +11.36 % / -21.21% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = +1.47% / +3.63% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- USFR = +.08% / +5.00% (WisdomTree Floating Rate Treasury)
--- LQD = +1.98% / +3.63% (I Shares IG, corp. bonds)
--- MBB = +1.44% / +3.13% (I-Shares Mortgage Backed Bonds)
--- BKLN = +.09% / +7.79% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = +.69% / +8.81 % (I Shares High Yield bonds, proxy ETF)
--- HYD = +.88%/+6.12% (VanEck HY Muni)
--- MUB = +.86% /+2.63% (I Shares, National Muni Bond)
--- EMB = +1.43%/+7.94% (I Shares, USD, Emerging Markets Bond)
--- CWB = +.91% / +15.06% (SPDR Bloomberg Convertible Securities)
--- PFF = +.76% / +11.20% (I Shares, Preferred & Income Securities)
--- FZDXX = 4.45% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch
From Oct. '21 low to this past Friday: +20.95%. Call it +21%, shall we? TUHYX. Approx. 7 percent per year. I'll take it, in a heartbeat. I'm not reducing my junk, but growing I.G. bonds, these days. I bought into that junk fund precisely at the wrong time, just prior to heavy-handed interest rate increases. I rode it down; now, up. Why pay twice for the same mistake? I note HYG is doing better. I don't like the volatility in ETFs. So I've discovered about myself. If I'm going to endure volatility, I might as well buy single-stocks. I own but two. Pleased with them, in a big way.
W/E December 6 , 2024..... Bond NAV's DECENT gains
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find 'most bond sectors 'HAD DECENT GAINS ' for this week's pricing. Many bond sectors were very positive each day of the week. All durations swapped pricing placing on various days of the week. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was erratic . The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, December 2 - December 6, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.44% yield (Down .01 for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a +/- of .01% basis in yield for the week. MM's yields were basically FLAT for change, more or less, for the week.................
--- AGG = +.45% / +3.51% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.12% / +5.61% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = +.21% / +3.88 % (UST 1-3 yr bills)
--- IEI = +.30% / +2.95% (UST 3-7 yr notes/bonds)
--- IEF = +.39% / +2.06% (UST 7-10 yr bonds)
--- TIP = +.24% / +3.67% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = +.16% / +5.02% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = +.18% / +4.79% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = +.33% / +1.17% (UST, long duration TIPs bonds, PIMCO)
--- TLT = +.80% / -1.02% (I Shares 20+ Yr UST Bond
--- EDV = +1.20% / -3.25% (UST Vanguard extended duration bonds)
--- ZROZ = +1.56% / -5.13% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = -1.60% / +9.7% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = +2.37% / -19.35% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = +.41% / +4.05% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- USFR = +.08% / +5.08% (WisdomTree Floating Rate Treasury)
--- LQD = +.48% / +4.13% (I Shares IG, corp. bonds)
--- MBB = +.35% / +3.49% (I-Shares Mortgage Backed Bonds)
--- BKLN = +.14% / +7.94% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = +.28% / +9.11 % (I Shares High Yield bonds, proxy ETF)
--- HYD = +.15%/+6.27% (VanEck HY Muni)
--- MUB = +.27% /+2.91% (I Shares, National Muni Bond)
--- EMB = +.75%/+8.75% (I Shares, USD, Emerging Markets Bond)
--- CWB = +.08% / +15.15% (SPDR Bloomberg Convertible Securities)
--- PFF = -.71% / +10.41% (I Shares, Preferred & Income Securities)
--- FZDXX = 4.44% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch
The returns for the week were impressive across the board. What happened to PFF in a week when both bond market and stock market did well?
Does the table include dividends (total returns) or just price changes? Sorry for the dumb question as this thread started a long time ago and the Q probably was already addressed.
Edit: only 3 of the 11 equity sectors (cap weighted) were up last week. I guess below the surface was not as good.
These are weekly data: the first data is the NAV changes, and the second data is the YTD total return in %. I think @catch22 has them in reverse order. Correct me if I’m off.
I would have thought the first day of the month is an ex-Div date for a lot of ETFs. If so, data for any week that includes the first day of the month will be off unless it is total return. If last week was ex-Div and the weekly data is just price only, then last week performance is even more impressive. Also, if different ETFs go ex on different dates (e.g., end of the month vs first day of the month), price performance comparison for the week of different ETFs can be suspect. I am not raising these points to ask Catch to change anything but to know how to use his work.
A famous former Mayor in Chicago used to say, listen to what he meant, not what he said. (-:)
Is there confusion about the weekly changes and then the total YTD, which would include the current week???
.....For the WEEK/YTD, NAV price changes.....= change for the week/YTD is what the letters indicate. For the week and YTD all have a percentage symbol. I can't improve upon this.
As to the etf, PFF. There was a Monday distribution which caused a price drop of .82% on that day. There may have been other actions with the holdings for the entire week that affected the week ending change of -.71%. The etf is indicated to have 3 equity positions and 440 of mostly corp. bonds accounting for 86% of the portfolio. Rated bonds of the BB flavor at 57.4% and BBB flavor at 28.5%.
Only a few more weeks and this will not be of concern.
Same with MBB.
So, I will accept that the YTD numbers are for total return.
*** You didn't reply to the typo words you had asked about previous. Which words?
---Morningstar Total Return, per their description (copy/paste)---
Expressed in percentage terms, Morningstar’s calculation of total return is determined by taking the change in net asset value, reinvesting all income and capital gains distributions during that month, and dividing by the starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. We provide both current and month-end returns.
Note - Total Return (current) 4 Wk vs. Total Return (month-end) 1 Mo returns:
For the four-week time period only, current returns are week-based rather than month-based. Therefore, at the end of each month, you may notice the returns are slightly different for Total Return current - 4 Wk and Total Return (mo-end) 1-month. The rest of the time periods are not affected by this.
Benefits
Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads and redemption fees), preferring to give a clearer picture of a fund’s performance. The total returns do account for management, administrative, 12b-1 fees and other costs taken out of fund assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures.
Origin
Morningstar calculates total returns daily, using the raw data (NAVs, dividends, capital gain distributions) collected from fund companies. Formulas for total return are listed below. We provide both daily and monthly total return figures.
For funds with tickers, Current NAV reflects the price as of the close of business the previous day. For funds without tickers, Current NAV reflects the closing price as of two business days prior.
Hundreds vs Hundredths
Can you pl help understand what this is all about? (May be an example could be easier to understand.)
“Note - Total Return (current) 4 Wk vs. Total Return (month-end) 1 Mo returns:
For the four-week time period only, current returns are week-based rather than month-based. Therefore, at the end of each month, you may notice the returns are slightly different for Total Return current - 4 Wk and Total Return (mo-end) 1-month. The rest of the time periods are not affected by this.“
Thanks.
At Morningstar, I see data for Day-end, Month-end, Quarter-end. It is probably using 5-day week, 30-day month and 90-day quarter to provide 1-wk, 1-mo, 3-mo data in the Day-end view. It uses calendar Month-end and Quarter-end in those views.
StockCharts has a parameter ROC(12) that is rolling-return over 12 days. I set it to 20 to simulate rolling 4-wks/20-days.
May be I need to get a more basic understanding of where in M* performance data I can access. Currently, I access in M* charts (1 mo, 3 mo, 6 mo, YTD, etc. or customized date range) OR in my portfolio settings (weekly is available). I know Performance tab of each fund has trailing (rolling?) returns (day end, month end, Quarter end, etc.) but I use this tab mostly for fund flows and percentile ranks. Is there a different place in M* where performance data, especially comparative performance, data is available? Is the 1 wk data I am pulling in my portfolio not end of the day 5 day data but 1 week as of last Friday data?
@Catch22, where in M* do you go to pull the comparative fund performance data? I assumed you created a dummy portfolio / watch list with all the funds in your weekly post.
Thanks.
Does one need a premium M* account to make a watch list? A few of us here have M* premium subscription (mine is free through TRP) and one of us can volunteer to continue your thread (at least the data part in some form) assuming the process can be semi automated. I am completely incompetent with technology and spreadsheets but i can be taught.
P.s.: Performance tab is where I check for past distributions.
M* Legacy Portfolio may be slow in updating prices. It seems that @catch22 pulls his data on Saturday, so that may be OK.
Of course, that assumes that @catch22 is a subscriber.
M* Performance, Day-end is truly rolling data updated to the day (with 5-day wk, 30-day mo, 90-day qtr).
Month-end would change only after the end of the calendar month, Quarter-end only after the end of calendar quarter. So, it may be considered semi-rolling.
NOTE: FIRST: NOTHING TO ADD/ALTER regarding 'Never-Never Land'. The pre-DC world shift of January, 2025 remains 'interesting' at this time! We're in a 'Never-Never Land' (events you never imagined) of potential large impacts upon various economic functions emanating from a central government in the coming months and years. What comes next for the investing world of bonds is not yet known or fully understood, except for those have a better guessing system than I. I can only watch and listen a little bit and let the numbers try to bring forth meaningful directions.
W/E December 13 , 2024. Bond NAV's PINCH your nose, avoid the SMELL
--- 'Course, all the bond sectors in the list find their reasons for price movements, and we find most bond sectors HAD THE BIG HEAD SLAP for this week's pricing. The majority of bond sectors were down all day, each day of the week. All durations pricing were down every day of the week. So, depending on where you're 'hanging' your bond market monies, the pricing this week, was NASTY AND DOWN. The MINT etf, to the best of my recall, has maintained a positive price for the year, each and every week; and this remains for this week.
A few numbers for your viewing pleasure.
NEXT:
*** UST yields chart, 6 month - 30 year. This chart is active and will display a 6 month time frame going forward to a future date. Place/hover the mouse pointer anywhere on a line to display the date and yield for that date. The percent to the right side is the percentage change in the yield from the chart beginning date for a particular item. You may also 'right click' on the 126 days at the chart bottom to change a 'time frame' from a drop down menu. Hopefully, the line graph also lets you view the 'yield curve' in a different fashion, for the longer duration issues, at this time. Save the page to your own device for future reference. NOTE: take a peek at the right side of this graph to find the yield swings of the past week, and for the current yields for the last business day.
For the WEEK/YTD, NAV price changes, December 9 - December 13, 2024
***** This week (Friday), FZDXX, MM yield continues to move with Fed funds/repo/SOFR rates; and ended the week at 4.44% yield (Unchanged for the week). Fidelity's MM's continue to maintain decent yields, as is presumed with other vendors similar MM's. Theoretically, a new yield bottom is in place, until the next FED action. SO, one is still obtaining a decent MM yield. MOST MM's found a .00% basis change in yield for the week. MM's yields were unchanged, for the week.................
--- AGG = -1.42% / +2.04% (I-Shares Core bond), a benchmark, (AAA-BBB holdings)
--- MINT = +.07% / +5.68% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = -.17% / +3.70 % (UST 1-3 yr bills)
--- IEI = -.84% / +2.09% (UST 3-7 yr notes/bonds)
--- IEF = -1.66% / +.36% (UST 7-10 yr bonds)
--- TIP = -.96% / +2.67% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- VTIP = -.12% / +4.89% (Vanguard Short-Term Infl-Prot Secs ETF)
--- STPZ = -.25% / +4.53% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = -3.25% / -2.12% (UST, long duration TIPs bonds, PIMCO)
--- TLT = -4.49% / -5.46% (I Shares 20+ Yr UST Bond
--- EDV = -6.41% / -9.45% (UST Vanguard extended duration bonds)
--- ZROZ = -7.33% / -12.09% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = +9.59% / +20.30% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = -12.62% / -29.52% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 2x version of EDV etf)
*** Additional important bond sectors, for reference:
--- BAGIX = -1.31% / +2.68% Baird Aggregate Bond Fund (active managed, plain vanilla, high quality bond fund)
--- USFR = +.10% / +5.19% (WisdomTree Floating Rate Treasury)
--- LQD = -1.79% / +2.26% (I Shares IG, corp. bonds)
--- MBB = -1.54% / +1.89% (I-Shares Mortgage Backed Bonds)
--- BKLN = +.14% / +8.10% (Invesco Senior Loan, Corp. rated BB & lower)
--- HYG = -.61% / +8.44 % (I Shares High Yield bonds, proxy ETF)
--- HYD = -1.23%/+4.96% (VanEck HY Muni)
--- MUB = -1.20% /+1.68% (I Shares, National Muni Bond)
--- EMB = -1.47%/+7.15% (I Shares, USD, Emerging Markets Bond)
--- CWB = -.95% / +14.05% (SPDR Bloomberg Convertible Securities)
--- PFF = -1.35% / +8.92% (I Shares, Preferred & Income Securities)
--- FZDXX = 4.44% yield (7 day), Fidelity Premium MM fund
*** FZDXX yield was .11%, April,2022. (For reference to current date)
Comments and corrections, please.
Remain curious,
Catch
I have no idea about others here, but we don't have a need for online banks. We have enough accounts, as is. Our local CU is for parking monies for current needs. If a larger balance is needed, we have a two day transfer from Fidelity from a MM account that still has a decent yield.
@Sven
Rates ??? With all the unknowns coming our way from the new government; I can't place a best guess for yields 6 months from now.