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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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dtconroe

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dtconroe
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  • Terminology becomes a confusing issue in these kind of threads. "Short Term Bonds" is a category of M* and permeates search functions at various brokerage houses for competing funds in that category. Short Duration/Limited Duration is often a desc…
  • I consider BL/FR a more conservative subset of corporate HY Bond OEFs. I am also considering adding more corporate HY bond oefs, but my interest is in short duration HY bond oefs--2 of my favorites are CSOIX and HYSZX.
  • It seems this thread is started to be dominated by FR/BL funds. It was not my intent to hijack this thread from the OPs original intent. MSF gave a more detailed analysis of MWFLX, according to M*. The OP is a Fido investor, and I am a Schwab inv…
  • Fred: "Here is what dtconroe said about the fund in January 2020:" "The Bank Loan/Floating rate bond oef, that I would most likely invest in, is MWFRX/MWFLX. It is from a stable of bond oefs, offered by Met West, and it has an established history of…
  • If you want to leap outside the higher investment grade categories of Intermediate Core/Core Plus, I am a proponent of starting to dabble in Floating Rate/Bank Loan funds. This category has been one of the most consistent and strong categories for …
  • I use to be a fan of MWTRX, but stopped owning it a couple of years ago--glad I did after seeing its abysmal 2021 performance. I am not a fan of Intermediate Core/Core Plus funds which have struggled overall in 2021. If I was only interested in a …
  • I don't predict rates. All I am saying is that BLs have done very well in 2021, and fund families do not start funds, because they think that fund will not do well going forward. Fund companies want to attract new investors, and if you do not have…
  • My reasoning for "suggesting" that Artisan starting a BL fund, is just based on "my" general observation, that some of the major investing families, will often introduce a new category fund, or an additional fund in an existing category, when they v…
  • Looks like a bit of evidence that BL/FR will be a strong bond category going forward.
  • I bought RPHIX in 2021, as a CD like alternative, for my cash holdings at Schwab. I do not expect it to make an impressive total return for my investment, but my experience thus far, is that it has done a good job of exceeding the total return that…
  • I don't "overlook" Vanguard, but until they demonstrate some skill sets in the NonTraditional, Multisector bond, and Intermediate Core Plus categories, where you are challenged to move between varying sectors of bonds in the portfolio of a given fun…
  • This is of interest to me, but I am suspect of Vanguard's investing approach. They are a traditional "passive" investing firm, dependent on very low management fees, which is not a glowing basis for more active management of multisector and core pl…
  • stillers: "So fred's primary reason for owning is "its consistent total return performance" with his need/desire for HYB exposure as a secondary reason." I am quite sure Fred does not need to have you speak on his behalf. I have had several forum …
  • I have been following the various discussions about OSTIX on various investment forums (MFO, Armchair, Big Bang). I have done some additional due diligence on this fund recently, just to see if I have some renewed interest in possibly owning it. I…
  • I am a Schwab brokerage client, with a preference for their Institutional Class offerings. I use Schwab Research/Screening tools to identify available Schwab funds that fit basic total return performance results, with an emphasis on performance cha…
  • I did not go back and see how long ago it was the OSTIX classification changed from the M* Multisector Bond category, to the M* High Yield Bond category. Instead of using the phrase "a couple of years ago", I should have used the phrase "a few year…
  • stillers: "100% bond OEF Investors seem more than capable of justifying TO THEMSELVES that their strategy is a worthy one. Using Dick as an example though is one of the more creative ones, but does little to convince me that what they're doing remot…
  • I owned OSTIX for many many years, and M* chose to place it in the multisector bond category during those years, even though it held almost exclusively high yield bonds. Supposedly, the reason from M* had to do with its prospectus statements about f…
  • There are many different kind of investors, with many different investing objectives, so the answer to that question varies with each investor. "Smart" is only relative to whether the individual investor is successful at meeting their personal port…
  • Sounds like you have made up your mind--hope you are pleased with it!
  • IMPORTANT NOTICE ON PURCHASE OF FUND SHARES Effective as of 4 p.m. on June 18, 2021 (the "Closing Date"), Retail and Institutional Class Shares of the RiverPark Short Term High Yield Fund (the "Fund") are closed to new investors. After the Closing…
  • How much would a $50,000 investment in RPHYX, expense ratio of 1.05 lose over a 10 year period compared to RPHIX expense ratio of .90? RPHIX would have a transaction fee of approximately $50 at Schwab. Bobpa, FWIW, I put RPHIX and RPHYX, on the M* …
  • Gohmert represents the district in Texas I live in. This is a very conservative district, and Gohmert is strongly supported here for his deeply conservative philosophy. I find him an embarrassment and think the Republicans can do much better in th…
  • Here’s what PRWCX manager David Geroux said recently about IG bonds as an investment: “What I would tell you about rates today is that the risk/reward on Treasuries or IG [investment grade] is so poor, it gets a situation where if rates stay static…
  • Hey hank, posters have flexibility to take threads in any direction they choose. My point is simply that this thread is about "Bond Funds", not "Allocation Funds". When you introduce Allocation Funds into the discussion, then it inevitably involve…
  • I own 9 funds and seek to keep my fund total no more than 10. I usually own closer to 5 or 6.
  • I find very little value anymore in the M* category criteria, or its star ratings. I have to look at performance charts, risk criteria, and a series of more specific fund characteristics, to find funds that fit a particular role I have for them in …
  • You were close @hank, -37.4 % ! Derf Thanks @Derf. Unfortunately, I’d edited down the post for brevity before seeing your remark. But yes - I had speculated earlier that PRWCX had probably fallen mo…
  • I can't see much difference from IOFIX, so I am not sure what new opportunities this fund represents.
  • I find very little that I am comfortable with, at present, for a long term buy and hold investment. As a result, I have become more of a reluctant trader, focusing on bond oef categories that are doing well overall, that I think will last at least …
  • Call me dense, but I have been trained/educated over the years, to shift from accumulation investing, to preservation of principal investing. That relates to the "age in bonds" principal, the older you get. What I was not trained/educated over the…
  • AndyJ:"Good posts, @dtconroe. That's my investing style too. Loving the hy munis right now, and the Semper (and others') bounceback has been great. All the best -- Former M* McMontana." AndyJ/McMontana, So glad to know you are still posting. I rar…
  • hank: "I hope that better quality, longer duration bonds continue to suck air. Because if they begin to perform well in a meaningful way it means that other, riskier, markets (including junk bonds) are in a heap of trouble." Depends on what kind of…
  • I am retired and at that stage of life where I have accumulated enough in my investments to live very comfortably. During the time I was accumulating investment principal, I was paying down expenses--have paid off my home, have paid off my cars, co…
  • Rbrt: "I think FD and I have discussed this before - we both think buying equity mutual funds is investing and we both think buying bond mutual funds in investing. However, I think buying a cash investment fund is also investing. FD does not." Schw…
  • Mark: "Serious question - Do you anticipate these Black Swan periods in advance or do you sell after the initial presumed damage is already done? The, how do you decide that the downdraft is over with and the good re-entry opportunities are there fo…
  • My wife and I maintain a HY Checking account, maintaining a balance in the $10k to $15K range. We also maintain about 10% of our taxable brokerage account in bond oefs, that have a solid history of making more interest/total return than a standard …
  • I also sold JASVX/JASZZ yesterday. Time will tell if that was a good decision or not, but it was troublesome to me that this fund, and company, restructuring was not better communicated to fund owners, and not better understood by brokerages (Schwa…
  • When you consider "chasing this funds performance", I would suggest you determine what kind of investor you are. If you are a trader, and very good at trading, you may want to identify hot performing funds, with the understanding that you are very …