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.
Thank you all for the many years that go back to the Fundalarm days of investment advice and wisdom. I benefited from it and I appreciate all the thoughtful insights and the great work David and Charles and many others here have done.
Unfortunately…
Thank you Mr. Sherman for taking time away from your weekend respite to respond to my question. I apologize and in no way expected you to comment. It is a pure joy, however, when you do. Thank you for taking pride and ownership in your work.
Since I am already a satisfied owner of CBLDX, I'm wondering how much overlap there will be between the new fund, NRDCX, and CBLDX. According to the Q2 2024 commentary, CBLDX contained 27.3% international holdings. I am assuming that consists mainly…
Well said, Mr. Sherman. Thank you for so succinctly putting several of our concerns to rest. We appreciate your honesty and candor and wish you and the team well.
Mike
Hi FD1000. Thank you for commenting and joining the discussion. No, I am not a trader. The only funds that I own in the list I provided are CBLDX and PYLD. I, like you, like to invest with special managers in the bond arena. Who would you recommend …
A proxy for estimating how CBLDX might do once the Fed cuts interest rates may be to look at how the fund has done since the 2-year treasury note peaked this year at 5.04% on April 30 (It now stands at 3.57%)
Since April 30:
CBLDX +2.54%
TBIL +2.…
Hello sfnative. I too, have thought the same about whether the extremely talented and skillful money manager David Sherman is being stretched too thin. The depth of his security analysis is phenomenal as illustrated in his quarterly commentaries, wh…
Thank you racqueteer. Great handle by the way. I used to enjoy playing racquetball in my younger and much more mobile years. My wife and I are considering pickle ball now that we are empty nesters.
JD_co: Who exactly is setting the tone? You and I are. We choose to set the tone.
One of the hardest lessons that I am learning is that no one forces or causes me to be angry. I choose how I respond to another person’s actions. I choose to be angr…
Yes, JD_c, you are correct. Trump is not a good role model. I’m simply asking that we treat those we disagree with dignity and respect whether they deserve it or not. That’s all I’m trying to say.
Long term lurker here from the fundalarm days who has greatly benefited from the discussions. But sadly, the tone has become one of vitriol and ridicule towards those who are of a different political or philosophical bent. I’m saddened because this …
Excellent explanation Yogi. Thank you. I appreciate it. I was confusing the inflation adjustment (which is to principal) and not considering the low coupon rates on the bonds themselves. Well explained. Thank you.
By making ridiculously small quarterly distributions is FIPDX playing the system by claiming to make quarterly distributions when in reality they only do it once a year in December? Wouldn’t that be considered deceptive sales tactics?
Thanks Yogi …
Regarding Fidelity’s TIPs index fund, FIPDX, does anyone know why the fund only makes yearly, instead of monthly, distributions? This seems odd for a bond fund. Thanks. Mike
Thanks David. What's so interesting is that it seems the fund has been given the OK as of May 3rd.
https://www.sec.gov/Archives/edgar/data/915802/000139834416012748/fp0019074_485bpos-xbrl.htm
There was a previous prospectus approved by the SEC on …
Re-opening the fund to existing shareholders with a maximum investment dollar amount (say $25,000) would satisfy the desire to add to GPEOX while maintain the fund's small asset size.
Thanks vkt. I value your insightful response. It is times like these that your question, "Do we really need to invest in such funds?" truly hits home.
P.S. I deleted the gentlemen's phone number and address. Thanks for catching that.
Mike
I was fortunate enough to get a follow-up reply from Angel Oak to this email:
May I ask one more question? How disruptive to the fund’s daily operations is the large outflow of assets that have occurred over the past four months? As of 9/30/15, the…
Here is the response that I received from the email I sent to Angel Oak.
Hi Mike,
Our information desk sent me over your inquiry on the ANFLX move yesterday. I cover the central territory with my partner, so feel free to reach out to me directly g…
I should have monitored their AUM, perhaps it was sending us a clue: $421MM on 9/30/15. It is now $327MM. A drop of 22% in less than four months for a bond fund!
Wow! Outstanding Charles! Very professional. Thank you for your great dedication and work effort. You and David have made this a first-class website and learning center.
That's too bad. I'm invested in RAIIX and have been very pleased with its performance and small asset base. I'm particularly concerned by this sentence in the press release:
"The transaction is structured with an initial upfront cash payment funded…
It's been a rough three months for my largest holding Angel Oak Flexible Income fund ANFLX. It seemed (might still be) a promising young fund with an unconstrained approach from a good bond family. I thought of it as a young ANGLX. It is heavy into …
Does "Existing Grandeur Peak Fund shareholder" include only those holding shares directly with Grandeur Peak? All my shares are held by Schwab and Vanguard.
