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RSIVX/RSIIX: Steady increase in the NAV for the last few weeks
Good news? Has any one noticed a steady upward trend in the NAV of this controversial fund? I've invested a good chunk of my retirement savings in this fund. Despite the setbacks and negative ROI, I held on to the investment. It now appears that the patience of investors may be rewarded. The YTD return is 2.30%. If the trend holds, I may breakeven before the yearend.
If YTD is what matters, RSIVX still sucks compared to other multisector funds (eighth decile) and other "Low Limited" style box/short junk funds (ASHAX and MDHAX, for example - both of which are commonly available load-waived).
For most time periods, it also trails OSTIX, the fund David Sherman said at the launch of RSIVX was the existing fund closest to what he envisioned for his fund.
Since RSIVX opened, it's done considerably worse than all three of the other funds mentioned.
I'm glad I got rid of it. Replacement is PTIAX. Regret not buying more because It's no longer NTF at Schwab, drats! Strange that their municipal bond fund is still NTF.
I helped the fund go up as well since I just unloaded it recently. I bought RSIVX in 2013 and never did break even. Really shameful performance for a bond fund.
I'm still holding. Then again, I'm still holding FAAFX so I have unusual tolerance for punishment. Fortunately not big positions but yeah, I ain't no genius.
Comments
Derf
For most time periods, it also trails OSTIX, the fund David Sherman said at the launch of RSIVX was the existing fund closest to what he envisioned for his fund.
Since RSIVX opened, it's done considerably worse than all three of the other funds mentioned.
Regards,
Ted