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.
Support MFO
Donate through PayPal
BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
I want to own these in my taxable account and have been waiting to see how much non-dividend distributions (i.e., capital gains) they might be throwing off. Last year was not anything out of the ordinary but wanted to get one more year data before …
Here is the IRS release (and do not forget to read Notice 2024-7 (link included) if the subject applies to you) -
https://www.irs.gov/newsroom/irs-helps-taxpayers-by-providing-penalty-relief-on-nearly-5-million-2020-and-2021-tax-returns-restart-of-…
The ex-date for ETF Dec distribution is 12/27-28 but no amounts are yet disclosed. What is about ETFs that Capital Group is not able to estimate distributions even 3-4 business days before ex-date? Just curious.
"If Nippon Steel fails in its bid, another white knight may emerge."
If Nippon bid fails it would be for inability to get Govt clearance (probably needed in more than one country). I did not think another competing horizontal suitor would be able…
From @msf post,
"McWilliams is also the sole manager of T. Rowe Price's U.S. Risk Managed Dynamic Allocation SMA (separately managed account strategy)
https://www.troweprice.com/financial-intermediary/us/en/investments/separately-managed-accounts/…
Thanks for the replies.
I did not read the M* analysis on JHQAX as I had previously read the JPM site for the fund, which is robust. So, M* Bronze rating did not color my thinking. My looking at M* site for JHQAX is to see whether the analysis …
I would put that at extremely low probability. He is on Semaglutide and Ketamine. With either of them, the probability goes down and with both, it is even lower.
I thought Doug put that in for humor.
Very interesting that M* rates PHEFX Silver while rating JHQAX Bronze. When I saw PHEFX rating by M*, i got excited hoping to learn about the fund as the TRP website hardly has any useful information about this fund. JHQAX fund analysis has an ana…
I never owned either.
Does anyone remember why RSIVX lost quite a bit more than OSTIX during the Covid crash? What about RSIVX that prevented it from taking necessary actions to lose less? RSIVX AUM is about 1/10th of OSTIX - so size was not a co…
@WABAC, I was not questioning your GISYX sell. Just the currency aspect of the trade (going from un-hedge to hedged). I thought may be you are making a deliberate currency call.
As to international exposure, I have it at less than 2% of portfolio…
Edit: I deleted the previous link and added a new link and it seems to work this time.
(That is a YouTube link. Not sure why it does not display properly. If you click on the image, it will take you to last Sunday’s Last Week Tonight episode en…
if you are into handicapping the doves vs hawks, below are the rotating slots, start at the next meeting
https://www.federalreserve.gov/monetarypolicy/fomc.htm
Video of the Face The Nation clip
Transcript (for those preferring to read)
https://www.cbsnews.com/news/austan-goolsbee-face-the-nation-transcript-12-17-2023/
Most vocal FOMC dove has been dispatched to walk back last Wednesday events and perception. The article is behind Bloomy paywall but evidently it was based on his appearance on Face the Nation today. When the clip shows up on Youtube later today, …
People working from home probably order in. The days they go to work, they probably want to get as much as possible done and get out. So, they probably have working lunches and lunch meetings and so order in. People were using DoorDash much befor…
Hi @yogibearbull I'm glad you added these etf's. From my personal watch list, there seems to be some 'fishing' taking place for sectors that are finding a rotation 'into' from perhaps profit taking in other sectors that have had large runs this ye…
This week with David Giroux - will listen to it later. He has been too much in the media in 2023. Hopefully, he is keeping an eye on the ball. PRWCX trailing FBALX YTD. I do not even know who manages FBALX.
https://wealthtrack.com/promo/
I tried to buy XMHQ today and the B/A spread is 0.15%. It is a $2B fund but the volume is only 150K, with average volume a bit higher but not large relative to its size. Put in a limit order at the current Bid and waited. Eventually it triggered.…
@operation_twist,
I looked up M* total returns for GQETX and SPY from 12/12/2008 to 12/12/2023 and also from 12/12/2008 to 12/13/2023 - your post was on 12/13/2023. In both cases, GQETX total returns were higher than that of SPY, as I had already …
"I have that [XMHQ] in the IRA. It might be a better fit for the taxable. I'll probably put that money into FMIMX."
Do you mind elaborating why you would prefer FMIMX over XMHQ?
Other than in 2022, an unusual set of circumstances, XMHQ seems to ha…
"Inker's marketing wryly amuses me."
I agree that GMO is an annoying marketing machine. As I mentioned elsewhere, it was ballsy for them to not seed their first ETF - their overconfidence of their ability to market speaks for itself. It started …
I edited the PHEFX ER info in my post above to decrease from 0.78% to 0.58%.
Also, today I reduced (on the way to eliminate) TCAF and bought PHEFX. I already have a lot of PRWCX and TCAF is also overweight HC and Utilities. It was difficult to g…
For anyone interested. GMO US Quality fund I GQLIX is available at Firstrade for $100 minimum. The info is available within ones account.
GQLIX is a different class of GQETX and as such GQLIX is not just a US Quality fund. BTW, you are not alone i…
Thank you David for sharing.
"If you were going to have one permanent bias in your equity and high yield bond portfolios, it should be in favor of high quality." (Underline added)
I own Quality in my portfolio in the hope to lower volatility of m…
contrary opinion. if I had to pick this or voo and hold for next ten years I would pick voo. qlty is a high cost index fund. over 15 years the spy beat it.
QLTY is a month old fund and is an actively managed (not an index) fund. Not sure where you …
I do not own any CDs but am curious. Does the delaying bank pay additional interest at the matured CD rate for the days principal not paid?
A more broader and fundamental question, “Is the brokerage an agent for the investor or for the issuer or n…
Thanks. I need the state tax deduction and hence the desire for Treasuries and related. I think I will buy Treasuries next week if I can not find a Treasuries only ETF. Floating rate Treasuries (USFR) reset based on 3 mo Treasury bill rate.
In…
That ER is good. Thanks for highlighting the fund. Bought an initial position to do more research.
All info as of 10/31 -
Country diversification shows less than 50% invested in US issuers but 100% USD. Corporate is 72+%. As it relates to …
@msf,
Need clarification on two sentences from the posts above:
"I just spoke with a Fidelity private client rep who said that this is a fee that Fidelity merely passes through to the brokerage."
Based on the context, I think you meant "fund' whe…
Fund managers are more adept with callable bonds.
FWIW, one common strategy by "income funds" is to buy premium bonds to boost the current income. But this is at the expense of declining value to par.
The "total return" funds may buy discount bond…
Buying esoteric risk or funds requires that one is like a zen master, without mental frictions, so one exits the position as easily if necessary. IMO, these are not for people who are overly analytical or those that need a lot of answers before act…
If PRCFX is just a more conservative clone to PRWCX, I wonder if owning PRCFX and adding the equity ETF, TCAF, would make it just like PRWCX. Should be an interesting chart to follow.
When this fund is available at Schwab, I'm sure there will be a…
Another matter some may not be aware of. In addition to your Medicare Part D plan through a private carrier, if your income is above a certain threshold there is a Medicare Part D IRMAA. This varies from $12.90 to $81.00 per month and deducted f…
