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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.

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mcmarasco

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mcmarasco
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  • AndyJ thanks. Any thoughts on Endeavor? And pairing it with Core Equity especially if it moves towards growthier territory?
  • Mark, I appreciate your input! Here's what I know and read: Endeavor is an All-cap Value fund (280.5B avg. weighted mkt cap; active share 88.63%) with a Capital Appreciation objective; Core Equity is a Large Cap Blend fund (510.4B avg. weighted …
  • I currently own PRBLX/PRILX in two R-IRA accounts. I have been looking for a LCV fund to "diversify" a little bit, because of the presumed rate hikes causing a slowdown in growth. One fund that keeps popping up on my screen is PARWX/PFPWX. I've b…
  • Agreed that putting too much emphasis on tax efficiency can negatively impact the PM ability to generated above avg./high returns. That was not my intent to convey. Mr. Hwan stated his goal is to reduce turnover between 30% to 40%, among other vol…
  • Derf, the large CG in 2021 was due to the significant changes Mr. Hwan made to the portfolio. 2021 was an aberration and should be a 1-time event. Going forward I’m wondering if the fund will be more tax friendly than in the past. He states he i…
  • Thx JonG, I will look for your thread
  • I Decided to resurrect this thread with the hope of a few more thoughts and opinions now that Mr. Hwan has had a full year as sole manager and made some significant holding changes. The SD appears to have dropped by 2+, although still a bit high, …
  • I've held AKREX/AKRIX for a number of years and am very pleased with it. It's all about perception and expectation, I believe. If you want a LCG fund with FAANG stocks and other go-go stocks, then AKREX/AKRIX is not the vehicle. AKREX has perform…
  • BB, why do you say less alpha? I believe his goal is better alpha with less SD and other improved metrics. As you point out the key question is how much time has to go by to get a feel for Mr. Hwan’s changes? It’s been 8+ months and he has made …
  • Thanks for the replies! Mike, I did come across Smead value but as Stillers stated it’s closed to new investors at Fido which is where I invest. Stillers, I will look for the thread, thanks! AndyJ, if you come up with some insight or thoughts o…
  • JonG, I recently invested in PRBLX/PRILX and not an S&P index simply because it gives me some downside protection, less volatility and index like returns. It’s just a little smoother ride, I believe. If you are only concerned with absolute r…
  • As a relatively long time holder of FSMEX, I don’t worry too much about the 1-year rating. It is up nearly 40% in the last twelve months!!! Maybe it has something to do with the category percentile ranking of 30??? Profitable investing with whate…
  • Thx Mark! I thought it was something like that. I know several others have recommended it in the past.
  • I have owned FSEMX for a fair number of years and have no plans to liquidate. I know there is an ETF that invest in healthcare technology, but I am not familiar with it. Over the years, I have owned most of the funds you mentioned, but FSMEX stand…
  • Very interesting thread. I do have one question. Is the index out-performance risk-adjusted? Although a particular managed MF may not beat its bogie, it may provide downside protection and superior risk-adjusted returns. Any thoughts??? Matt
  • HSNAX/HSNIX (MU) is worth researching. It holds almost half in foreign bonds. It’s highly rated, solid performance and most metrics are at or near the top of the category. FYI: It’s not the most conservative multi-sector fund. Just depends on…
  • I've held AKREX/AKRIX for several years now and have not been disappointed. It is my number two holding right now and although I plan on reducing it by three percent in the coming year or two (rebalancing), it will still be 2 or 3 in my portfolio. …
  • Thx again JonGaltIII for the clarification and the interesting article. If you don’t mind, what MS funds do you own? Are they major players in your portfolio? Matt
  • thanks JonG appreciate your thoughts!!! May i ask why you chose FSEAX? Usually new management scares people away, especially from a fairly accomplished previous manager.
  • I just took a flying leap into MSAUX (pj) to “compliment” MGGPX and augment my Minuscule foreign investment. I still believe the US is where to invest, but a little International might be advantageous and a provide a smidgen of “diversification”. …
  • Couldn’t agree more that MS is under-appreciated. Their international and global equity lineups are excellent, as long as you don’t mind a little volatility, ex. MIGPX as stillers pointed out.
  • Two other global funds you might want to consider are: mggpx (MS) & pgirx/pgiix (Polen). The Polen fund is less aggressive than MS fund still with very good returns.
  • To all that responded, thank you for your insight and opinions! A lot of great thoughts and fodder to consider!!! MikeW thank you for your suggestion regarding FSEAX, which my wife has in her 401(k) and we are very pleased as you would imagine. T…
  • Thank you everyone for your thoughts and suggestions! There were many excellent points made, pro and con! I’m not sure I’m any closer to a decision. Does anyone have any thoughts about owning two funds (MGGPX, MFAPX) with the same manager? Matt
  • I am happy with my investment in MGGPX, but I am now debating whether to add "one" foreign LG to my mix. The only international exposure I have is through MGGPX (for the most part). My current allocation to MGGPX is 12% of my PV. I'm not sure i w…
  • Thank you AJ! I have been doing a little due diligence into that fund and so far it looks very good. It’s objective appears to be similar to that of its sister fund BMNSX/BSNIX but as you noted it has a shorter duration with less volatility. I l…
  • That makes two of us carew388. Although it is not having a stellar year, it has been a very good fund during its short life.
  • FD, you right-on as usual.
  • This is a common occurrence under every administration for decades. SS and other federal assistance programs pay deceased persons routinely. Nothing new here, including fraud. Of course, it should be cleaned up but don't hold your breath.
  • linter, I have been an investor in AKREX/AKRIX for about three years and it has rewarded my very well. It is "low" risk and it's metrics are outstanding. Just curious, why would you sell out of it now? It has held up fairly well, and remember it …
  • Thanks gentlemen, appreciate your thoughts!!! I've said this weeks ago on this and other boards and platforms regarding COVID-19 forecasts, they are, AT BEST, misleading and at worst, useless. The data that is imputed has been incomplete, skewed, …
  • I've done all of the "tax harvesting" i can from my bond funds. I was probably a little late getting out of them, but...... Now that it "appears" the bond markets (taxable and muni's) have calmed down, what are the thoughts, suggestions and opinio…
  • Thx AZRph. I’ll give it a look!
  • Agreed. I just hope it reopened for the right reasons, “great opportunities”.
  • Not happy Fidelity reopened FSMEX. I’ve been invested in it for three+ years now and I thought the AUM was more than high enough. The AUM is still over $5 billion. I presume they see great “value”in their space. I sure hope that’s the reason!
  • FD1000, Thank you for the very insightful opinions and thoughts! I believe your pyramid up approach is the way to go and yes I am looking for more ballast then return at this point. I’m not sure what kind of return we’re going to get from bonds …
  • Any thoughts on VCFAX/VCFIX? I thought it would have held up a little better than it has. With rates so low, and probably staying so for a while, is this a buy, sell or hold? I am thinking about liquidating VCFAX/VCFIX and DCA'ing into BAGIX/BAGS…
  • Mike, I’ve been invested in a AKREX/AKRIX since 2017. Although it’s highly concentrated and particularly in financials, I don’t think that’s too much to worry about. 26% of the 45% invested in financials is with MasterCard, Visa and Moody’s. They…