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https://seekingalpha.com/article/4378592-seeking-yield-safetyLipper categories with low risk and moderate to high yields are listed. Top-ranked funds within the categories are listed.
Over a thousand funds are ranked using Mutual Fund Observer Screens based on risk, risk-adjusted returns, quality, momentum and yield.
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I need more exec sum for this piece
Does anyone know why? This was within a month, but I assumed Max DD were date aganostic
Thank you, @sma3 for this observation.
Don't know the start and ending dates for M*. it a single day or over a week or month? MFO Premium listed the MaxDD for Cycle 6 - starting 202001 (Jan 1, 2020) and ending 202008 (August 30, 2020).
Perhaps @Charles can explain the differences.
A second topic that came up is yields. There is the SEC Yield and trailing twelve month yields. Some funds pay annual dividends and others pay one time dividends. Why should you care? Take GAVIX. The forward yield is 7.1%, the four year average yield is 6%, the dividend is $1.1 per share. The yield in MFO and Morningstar is 0.0%. This one caught me by surprise.
Best Wishes
Charles (Lynn)
Even if one includes cap gains, distributions over the past four years were:
2019: $0.90414 reinvested at $13.21 (6.84%)
2018: $0.83899 reinvested at $12.71 (6.60%)
2017: $0.49539 reinvested at $14.73 (3.36%)
2016: $0.479321 reinvested at $13.54 (3.54%)
The cap gains in 2018 and 2019 (there were no dividend distributions) did average 6%+, but over four years I can't see how, even after adding income divs and cap gains together, one could average 6%.
My data source is Fidelity's distribution page for the fund. I've verified the total distribution figures at the source: https://knowledgeleadersfunds.com/
Thank you for this clarification. I was including capital gains. Here is my source.
https://seekingalpha.com/symbol/GAVIX/dividends/scorecard
Charge it I do, Derf
But, that's not really the subject of this thread
As part of my goals and style I mainly use bond funds + trading on momentum. I'm concentrated on total returns and not higher income but I have noticed that I used funds such as PIMIX for years until 01/2018 and since then SEMMX,IOFIX,EIXIX,HOBIX,JASVX and they pay at least 4%. I'm not a long term holder but a trader and avoided the big losses of March 2020.
If you had instead, not sold and just held your positions the draw down for JASVX was 6% in March of 2020. By May of 2020 you would have recovered from that loss without timing the market.
Had you been taking monthly withdrawals, those withdrawals would have been impacted slightly over 2 months. Having a 3-6 month cash position for withdrawals would solve that problem.
To be fair, IOFIX and SEMMX have yet to recover. Owning these two funds (that exhibit deep draw downs and slow recovers) may not the best choice for those seeking "yield with safety". I learn this the hard way owning THOPX.
Here's a link. You must have a military affiliation, but that connection doesn't have to be very "tight."
https://www.navyfederal.org/
I have used PIMIX until 01/2018, SEMMX for most of 2018 and then IOFIX in 2019+2020. HOBIX,JASVX are funds I started using in 2020.
The above are all mentioned on my thread (link)
JASVX - at least one of the managers came from SEMMX but it did much better than SEMMX. I love fresh new funds where the managers can do better.
These funds can have very good risk/reward for months, even years, until markets are volatile and why I exit. VIX > 35-40 is a good indicator of that.
A short track record is not one of my "must haves". A long successful history is also never a sure thing going forward, but a fund like MWTRX continue to impress since 1998.
MWTRX is a good fund but GIBLX has a better record for 1-3-5 years.
Both are not funds I use since I'm mainly a bond investor in the last several years and their past performance (6% average for 3 years) will not happen in the future.
I'm also not impressed by LT record, DODGX had a great record years ago but now it trails the "stupid" index SPY for 10 years already
BTW, I used to be at 80-90% equities until several years prior to retirement where I change gradually to more bonds.
Can you please explain your comment? Are you saying that you won't buy a fund with good performance because it can't keep up? Not sure how you can be confident that a newer fund will outperform established winners. I have substantial positions in both MWTRX and GIBLX, a very big fan of the latter.
1) I believe in using up to 5 (maybe 7) funds
2) The core portion should be about 70% and use very cheap indexes, the rest may be in managed funds that have something special.
3) Hardly trade which means looking at your portfolio 1-2 times annually and make small adjustments of 1-2 funds.
With that in mind:
1) Core: I would use SPY/VTI for most of my stocks. BIV as my generic bond fund.
Explore: PRWCX, VWIAX, PIMIX.
2) Let's check MWTRX and GIBLX in the last 5 years. I don't see MWTRX as anything more/special beyond BIV but GIBLX is different enough which is why I may use it in my explore portion. See 5 year chart.
My style isn't recommended to anybody.
1) I'm a flexible investor with specific goals. Making over 6% annually using mainly bond funds, be positive every year, SD < 3, never lose 3% from any last top.
2) I mainly hold very concentrated portfolio of 2-3 funds. I may own a fund, weeks or years. I held PIMIX for 6-7 years, PHMIX for 3 years, IOFIX easily over 50% in the last 3 years.
3) Even if I own a fund for years, I may sell it for days to several weeks when market conditions are extreme which is one of my goals. This is not your usual trader as someone who buys 10 stocks and keep changing them.
1) Core: I would use SPY/VTI for most of my stocks. BIV as my generic bond fund.
Explore: PRWCX, VWIAX, PIMIX."
Since PRWCX in your above "Explore" category is closed to new investors, and has been for many years, shouldn't you replace it with another comparable fund for those of us who are not current shareholders? May I suggest you look at VLAAX/VLAIX, for example, a balanced fund that has very similar risk/reward attributes. Of course, any other suggestions are welcome, too.
Fred