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Mangan said the Moody's credit rating is AA and the S&P's credit rating is AA+ on the fund's bond holdings. These ratings do not include the treasuries held in the fund.
>> *M does not give a credit average
You did see that under Portfolio, Bond Style, Statistics, Detail it simply says Not Rated for Avg Credit Quality.
Then it does a breakout under Credit Quality, which perhaps we are supposed to average o…
And I think it's refreshing that this PM realizes that there are actual PEOPLE investing money into his fund...not just institutions.
My thoughts exactly. I'm sure he's busy with other things but took the time to call an individual investor.
I'm trying to whittle down my overall portfolio, not just large caps. But having four large cap funds just doesn't seem to make sense. SPHD does pay a half decent dividend and not too volatile. PRBLX is categorized as a large growth fund. Does that …
I don't see most taxable bond funds as yielding enough (with sufficient stability) to be particularly useful these days for income. For income, it seems the idea is to generate a steady reliable cash flow without eating into principal. That would…
Upon further review, it looks like ASHAX has struggled as of late like most of the HY sector. Maybe some of those energy purchases are hurting performance? I'm still very intrigued with PMZIX and contemplating whether to go with that or DBTLX as a m…
As Heezsafe alluded to, RSIVX is not really a total return fund. I held this fund for about a year and, while it distributed a nice dividend, it never held its NAV during that time. As a result, I continued to watch my principal drop. It wasn't my c…
IMHO, PIMCO is not blameless. I would venture a guess if PIMCO would publicly apologize, Bill would forgo any money he feels owed. At his age, his ego should matter more than money.
PIMCO really does not need this while Bill does not have anything …
the distribution is precisely due to the fact that you (and many others) have bailed and caused forced selling.
If YAFFX (+12% distribution) is any indication, this year the tax man cometh.
Glad I bailed out of this fund earlier this year. Its supp…
I noticed the quality numbers, too. Still, if 47% is AAA rated, then why is the average quality only BB for the fund? He must own some real junk in there.It's a default-rate-weighted average, so that the average quality represents the average or exp…
I have about 12-15% in cash, which amounts to about $140,000. Call me a wimp, but I don't feel comfortable investing it. I already have quite a lot of money in the market.
Fwiw, I do reit funds, US and international. Can't really claim it does not correlate, but makes me feel virtuous.
I know the feeling. I do the same with TOLLX. May I ask what you own for REITs?
I own DLFNX since Sept, 2012. $50 BILLION AUM in DBLTX. That fund oughta be closed. With so much in there, he's driving the market, not investing in it. $50B is nuts. This thread caused me to look once again at the portfolio. DLFNX is 47% in AAA-r…
Based on my interpretation of your comments, it seems that Gundlach is good at mortgages but his abilities seems more limited when he ventures into other areas, such as corporates, treasuries, etc. I've noticed that his DLINX is doing pretty well bu…
I'm going to hang in there for a little while longer with TOLLX to see if it rebounds a little bit before the end of the year. If not, I have a lot of capital gains distributed from other funds already so I can use the loss against those gains if ne…
If YAFFX (+12% distribution) is any indication, this year the tax man cometh.
Glad I bailed out of this fund earlier this year. Its supposed to do well in down years, but that hasn't been the case this year (-12% YTD). And now it's paying a hefty di…
Thanks, catch22. I just noticed that myself. Also, GLFOX is not as heavily invested in energy per se. I see about 8.5 % whereas TOLLX is about 25%. I'm sure that's part of the difference as well.
Hi @Willmatt72
I own two infrastructure funds TOLLX and PGUAX. At this time, I keeping both and will add to them over time.
Yes, it's a tough spot right now. I thought it would hold up better in a downturn but it seems the opposite happened. I'm t…
PRDGX or VDIGX for domestic funds; VIG for domestic ETF's
PID for international dividend growth
I know there are others, as well...these are the ones that came to mind. Just thinking that this might be what you're looking for, if you can take mo…
>> steady income yet not losing NAV or gaining due to capital appreciation?
Is this what anyone calls 'total return'?? Confused. What fund or etf does not lose nav or have any capital gains except for you-know-whats?
*M does a nice job of sh…
@willmatt72 What about one of the dividend growth ETFs/funds? You will be getting in at a lower cost than several months ago and hopefully, will grow your income AND get a gain. Although remember, this tax loss selling season may be a bit brutal.…
It's been pretty smooth sailing for bonds up until this past year, and RNDLX failed compared with other "total return" funds such as MWTRX, TGLMX and DBLTX, all with a lower ER. I paid the higher ER for the CEF picks. I've picked a few of my own CE…
So, I sold RNDLX because it is not a total return fund. It distributes a good dividend but cannot maintain its NAV. Any alternatives that may hold up better while still distributing half decent income? Maybe not as high as RNDLX but 3% or higher wo…
I have an account with Vanguard and my transaction fee charge is $20.00. It can go as high as $35.00, depending on the amount of assets held at the brokerage.
Yep. The past five years have certainly been ... uhhh, golden for them. Here's their 10-year record versus their peer group:
2006: (4.2) - that is, they trailed the pack by 4.2% that year
2007: (2.1)
2008: 0.1 - that is, 0.1% better than their peer…
Hi, willmatt!
And "nuts." I wrote a response a couple hours ago, hit "post" and ran off to a meeting. Upon return, I discovered no-post. Nuts.
GLDSX has all of the trappings of a friends and family fund. Golden Asset Management runs 10 strategies,…
I've been nibbling away at RCS for the past few weeks in the hope that it will rebound. It had a nice bump yesterday. RCS is PIMCO Strategic Income CEF run by Ivascyn.
Right, sorry. No need to switch Vang for something else unless you have losses, sure. No harm in being led by Pinto (Janus) and by the Fido guys, both groups, both real good. But since you wish to consolidate, I would flip a coin; you will not go wr…
As I said in my OP, I own VWENX in a taxable account. It's been a great fund, just not tax efficient. The other balanced fund that I own GAOAX, seems to be the most different from the others. I think the main issue lies with JABAX Vs. FBALX. There's…
@willmatt72, there is no compelling reason to hold three balanced funds in your tax deferred account. Are those your only choice in each separate account? If you are use a brokerage like Schwab or vanguard, you have access to many balanced funds,…
I would keep VTMFX in taxable account, and sell VWENX over several years to spread the tax burden. If you have assess to VWENX, I would use it over the rest of the balanced funds.
I understand your first point, Sven, but not your second idea abou…
Seems to be a couple ongoing threads on the same subject.
ZEOIX has held up better over the last month and year to date. But I do have a concern about this fund's risk. Zeo Strategic Income has 32% invested in its top 5 holdings. There are only 3…
