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Roy

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Roy
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  • New accounts for PRWCX can be opened if you hold a minimum $250,000 balance directly with TRP. That minimum balance can be spread across different funds, including brokerage accounts.
  • Which company replaced GE in the top ten? PerkinElmer (PKI) replaced GE as a top 10 holding.
  • I noticed on the TRP website for the portfolio of PRWCX dated 8/31/22 that GE is no longer listed as a top 10 holding. Don't know if this is due to trimming the position a bit or total elimination of it.
  • The following individuals are listed by Giroux at the end of his letter and unless I am mistaken, they are all dedicated staff to PRWCX (Mike Signore, Chen Tian, Nikhil Shah, Vivek Rajeswaran, Brian Solomon, and Jared Duda) in addition to all the TR…
  • @Crash "I believe David Giroux invests in this BL fund for his bond allocation." Per PRWCX/TRAIX Semi Annual Report dated 6/30/22. 1.6% of fund assets held in TRP Floating Rate Fund, Institutional share class. 13.3% of assets held directly in b…
  • If you are willing to hold a minimum of $250,000 directly with TRP, you can gain access to PRWCX via their Summit Program.
  • PRWCX/TRAIX down -6.1% YTD 8/19/22, but very happy to have bulk of our investments with the fund.
  • Thanks for the suggestions. I also found this link on the MarketWatch website. https://www.marketwatch.com/tools/fund-comparison
  • T. Rowe Price Balanced Fund RPBAX was formed in 1939. Don't have a link other than the TRP website for the fund. Not sure if it's had the same name?
  • Speaking of guaranteed money, we are taking advantage of online checking account, SoFi Checking of 1.25% with a monthly direct deposit, .7% without a monthly direct deposit. Our local bank is .01%. No minimums, no fees, FDIC insured. We've used So…
  • This is a little late, but 2 weeks ago exchanged some PRFRX for TRAIX/PRWCX and plan to do that monthly through the end of the year in our taxable account. Maxed out our 2022 IRA contributions back in February, all into TRAIX. One week ago we did …
    in Any Dippers today Comment by Roy May 24
  • Our bank, Westfield Bank of Ohio (7 locations) isn't even open on Saturdays and both the lobby and drive-thru close at 5 pm on Fridays (4 pm M-TH). I'm sure their reasoning is because of electronic banking options far fewer people bother to go to ac…
  • HSGFX, negative returns in 8 of the past 10 years since 2012, including a run of 6 consecutive negative years....give me some of that.
  • A few quotes from the interview. Giroux: First of all, I would say, if you think about the fixed-income sleeve of the CAF, we've never really been Barclays Agg kind of index. I know a lot of our peers are. We historically haven't owned a lot of Tr…
  • PRWCX Annual Report dated 12/31/21. Bank Loans = 10.7% Floating Rate Fund I-Class TFAIX = 1.2% Corporate Bonds = 7.1% Money Market = 10.8% Bank loans were almost 12% of the portfolio at that time.
  • If it weren't for PRWCX/TRAIX we would most likely be taking advantage of TDF's. That could happen in the future if Giroux leaves/retires or if the 50-70 moderate allocation space becomes too equity heavy for us.
  • Revisiting TRP Emerging Europe (TREMX) one week later finds the fund up around 1%, YTD -85.27% compared to -86.24%. AUM down to $23 million according to M* today. From what I recall last Saturday on the TRP website, AUM were something like $145 mill…
  • TRP Emerging Europe (TREMX) is down -86.24% YTD. 67.61% of assets in Russian stocks. Looks like you can still purchase shares if one has an inkling to do so. Schwab is only allowing redemptions. Top 10 Holdings MonthlyQuarterly Represents 68.47% o…
  • How about that, Giroux has finally purchased Apple which he has stated in the recent past has been his biggest miss. In the past he and his team have never been able to justify the purchase based on valuation and anticipated sales growth metrics.
  • How about 93%? Not advocating our method for everyone by any means but the KISS method is working great for us. Tried diversifying into other allocation funds back in 2011 after first investing in PRWCX in 2006 and all that did was cost us money! …
  • For 15 years PRWCX outperforms DODBX by 2.44% PER YEAR, that's a substantial difference. 9.87% vs 7.43%.
  • Hmmm, our Form 1099 has been available on the TRP website since last week. We've also received a paper copy recently.
  • Regarding PRWCX/TRAIX, we are shareholders since 2006 and have no plans to go anywhere else. We continue to add to our positions in the fund.
  • Our KISS of a portfolio ended the year with 80% in PRWCX/TRAIX and 20% in AKREX. So, not a bad year with low to mid 70's exposure to equities by year end. Our average age is 56 and probably have been on the light side of equities for our age the p…
  • Recently reduced our equity % by around 5%. Did so by selling shares from an all-equity fund and added to TRAIX and our holdings in PRFRX. Really part of rebalancing as our equity stake had risen higher than desired.
  • My wife and I did decide to move our accounts back to TRP from Schwab to take advantage of the new Summit Program, primarily to access TRP institutional share classes at greatly reduced minimums and access to closed TRP funds. With us holding around…
  • TRP is trying to get some of their bigger investors away from the online mutual fund supermarkets so they can reduce the amount of their management fees they have to pay to Fidelity, Schwab, etc. For several years I've considered returning our acc…
  • Here is a Q & A concerning access to closed TRP funds. "Certain T. Rowe Price mutual funds (known as “closed funds”) are generally closed to new investors and new accounts. Clients assigned to the Select Services tier ($250,000 Summit balance…
  • I was concerned about possible integration issues, so a year ago we took advantage of Schwab waiving account closing fees at TDA and made the move before it was done in mass.
  • If I'm interpreting portfolio data correctly from the TRP website dated 9/30/21, PRWCX equity allocation has increased to 75.68%. Sector Allocation As a percentage of Total Net Assets As of 9/30/2021 INFORMATION TECHNOLOGY 14.33% HEALTH CARE 13.58…
  • To be accurate on the fund's holdings, go direct to the source - TRP annual and semiannual reports. As of 6/30/21, the semi-annual report stated: bonds, 18% = 10.4% bank loans and 7.8% corporate bonds. cash, 10% Options, 1% Stocks, 72% Sven, The…
  • One of the portfolio stats that jumped out at me was that bond holdings only accounted for 1.4% of fund assets. I'm a bond novice compared to many here who are able to speak with incredible knowledge, but this fact certainly says much about Giroux's…
  • Here is the PRWCX portfolio as of 8/31/2021 from the TRP website. Portfolio $52.23 billion Total Net Assets as of 8/31/2021 Asset Allocation Domestic Stock 68.90% Other 28.00% Domestic Bond 1.40% Foreign Stock 0.90% Convertibles 0.80% Top 10 Hold…
  • TRP website lists the top 10 end of month holdings around a week or so into the following month. Not sure why TRP has not listed the asset allocation for PRWCX on the website recently while most other TRP funds do?
  • I've noticed recently on the TRP website that TMSRX is no longer listed in the "Asset Allocation Funds" search option under the "Funds" dropdown menu, and now only shows up if you use the "View All Mutual Funds" search option. Oversight, intentional…
  • Currently 3 across all our accounts, but primarily 2. Never held more than 8 and don't anticipate holding more than a few ever again at any given time. Personally decided that holding a couple percent in a given fund is pointless for me as @Mark s…
  • Hey catch, thanks for your suggestions. Yes, in the past I paired up some equity funds with bond funds for a desired allocation mix. Beginning in 2006 mainly switched to moderate allocation funds, primarily PRWCX, but also a few others. One reason…
  • Moderate allocation fund, PRWCX as mentioned in the past holds the bulk of our investments. Never used an ETF to this point which doesn't mean we may not sometime in the future. I have looked at allocation ETFs in the past to compare to PRWCX and ha…
  • Email response from DGI says their balanced mutual fund, DGIFX is still open.
  • I needed to speak with someone at Schwab last night regarding a rollover IRA from a previous employer and never got through on the phone. So, I decided to try their online chat and was in the queue for around an hour before I went live with someone.