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@VintageFreak Oh, so you have decided to pull the plug on the Calamos fund.
Just brainstorming here---and this would take a bit extra due diligence--- but why not just cobble together several funds to get what you want? We've been waiting a long time for a good world allocation, with reasonable expenses, and it doesn't look like it's gonna happen. In the proportions that you chose, then:
First Eagle Global (your original musing, NTF+NL @ Schwab, if I recall right) + Seafarer Growth & Income + TGMEX, or FTEMX perhaps
Yeah, I want to pull the plug on CVLOX, but not getting anywhere. And no Dodge & Cox. Trying to only keep assets at brokerages. DODWX I sold last year. First Eagle is looking promising right about now. I need to research TCW. Not sure whether Gundlach was right or TCW. Want to stay away from fund companies with baggage if I can help it. Nothing good comes out of it.
Hmmm ... thin pickins. I screen Morningstar for funds that met three criteria: at least 15% EM, at least 15% US and at least 15% bonds. By their calculation, about six funds qualified:
CCA Core Return (CORAX) - same unwarranted $100k minimum as the institutional shares Dreyfus Satellite Alpha (DSAAX) - with under a million AUM, the satellite will soon ... Invesco Global Targeted Returns (GLTAX) Midas Perpetual (MPERX) - "perpetual what?" you might well ask. Pioneer Multi-Asset Real Return (PMARX) - arguably the best of them RPG Diversified Risk Parity (DRPAX) - an "oh, so not" fund of ETFs USAA Real Return (USRRX) - at least it's tame.
My predilection would be to look at Leuthold Global (GLBLX). It's light on emerging markets now (9% or so, still well above the group norm) but has the flexibility to move in when conditions warrant.
Too, remember that any portfolio with global blue chips will be deriving near to half of its revenue from the emerging markets.
GAOAX, jpmorgan global allocation - risk profile of 60/40 stocks/bonds; at least 40% of non-US, usually with EME and EMD exposures (might reduce if don't like the space). don't know re merrill's platform, but is NTF, no load at Fido.
I think I should focus on finding replacement for CVLOX first. SGENX is bloated and is not really an "allocation" fund. Its designation by M* is due to its hefty cash position. Its sibling FEBAX seems to fit the bill better with its bond holdings.
I think I'm going to buy FEBAX at Schwab where I hold CVLOX.
Comments
TCW Emerg Mkts Multi-Asst Opps N TGMEX
% Developed Markets 31.89
% Emerging Markets 68.11
Non US Stock 57.63
Non US Bond 36.22
Argentine/Ukraine/Russian holdings have added to risk profile.Opportunity?
Oh, so you have decided to pull the plug on the Calamos fund.
Just brainstorming here---and this would take a bit extra due diligence--- but why not just cobble together several funds to get what you want? We've been waiting a long time for a good world allocation, with reasonable expenses, and it doesn't look like it's gonna happen. In the proportions that you chose, then:
First Eagle Global (your original musing, NTF+NL @ Schwab, if I recall right) +
Seafarer Growth & Income +
TGMEX, or FTEMX perhaps
And no Dodge & Cox. Trying to only keep assets at brokerages. DODWX I sold last year.
First Eagle is looking promising right about now.
I need to research TCW. Not sure whether Gundlach was right or TCW. Want to stay away from fund companies with baggage if I can help it. Nothing good comes out of it.
CCA Core Return (CORAX) - same unwarranted $100k minimum as the institutional shares
Dreyfus Satellite Alpha (DSAAX) - with under a million AUM, the satellite will soon ...
Invesco Global Targeted Returns (GLTAX)
Midas Perpetual (MPERX) - "perpetual what?" you might well ask.
Pioneer Multi-Asset Real Return (PMARX) - arguably the best of them
RPG Diversified Risk Parity (DRPAX) - an "oh, so not" fund of ETFs
USAA Real Return (USRRX) - at least it's tame.
My predilection would be to look at Leuthold Global (GLBLX). It's light on emerging markets now (9% or so, still well above the group norm) but has the flexibility to move in when conditions warrant.
Too, remember that any portfolio with global blue chips will be deriving near to half of its revenue from the emerging markets.
For what that's worth,
David
I think I'm going to buy FEBAX at Schwab where I hold CVLOX.