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It is kind of circular argument by M*. BECAUSE M* uses monthly data, its MPT measurements lack sensitivity that weekly (or daily) data may capture. So, M* should quit complaining and instead change its MPT calculations with (at least) weekly data.
A good article overall.
It doesn't reference the new M* categorization system using beta-based MPRS (see a post nearby), but provides good info on relative-performance, relative-beta and relative-SD.
The data lag issue may be explained by the use …
In spite of BBB being inv-grade by name, it is considered not so good in the muni universe. So, M* (and others) uses BBB & below + NR for HY evaluation and that is 34.95% for OPTAX; this may include 5.50% in PR.
Isn't it part of the old Oppenhe…
Free Stockcharts SharpCharts do allow start and end dates. Problem is that links soon default to 1-yr unless one uses screenshots to capture the charts.
PerfCharts do have that adjustable window at the bottom.
Does the chart for those of you with subscription service provide date range specific function right now?
No. I have checked new Interactive Charts feature with unsigned and signed browsers and the features are the same.
I agree although some rough tome adjustments are possible with the dynamic window in the bottom panel - the left and right sides are moveable, and the window as a whole can slide (maintaining the width/timeframe). But it is difficult to achieve prec…
For FDGRX, SEC/Edgar search stops at 2/24/2006.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=C000019448&owner=include&scd=filings&count=40
This is the basic link that I played around. Difference was that Fidelity C…
K-1 are for partnerships. In MLP, P is for partnership. Many commodity funds are also structured as partnerships (crude oil USO, dynamic commodities USCI, etc). REITs are typically not structures as partnerships, nor are listed dividend-stock funds.…
BlackRock/BLK has been TSP fund manager for years (except for SV G Fund that is directly under the Treasury Secretary). State Street/STT was recently added as 2nd manager for small portions.
FWIW, the US Government also relied on Blackrock's risk a…
@shipwreckedandalone, I see.
I just had stopped when the menus opened up. But I see that on a mutual fund chart, when ETF is added by compare, the correct ETF name isn't there, and none of the ones shown pull up anything on the chart.
I also see…
dont think the Add Comparison search tab is giving the same options as the previous interactive chart for ETF's.
Can you explain the issue now?
As before, I see a long list containing 3-4 character ETF name that opens up when an ETF ticker is ent…
In yet another change, Interactive Chart click is REMOVED from the Quote page and there is a new CHART tab that works for ALL - unsigned + Basic (free) + Premium.
https://www.morningstar.com/funds/xnas/vfiax/chart
Correct. In-service rollovers to T-IRA are allowed by TSP. Not many retirement plans allow that. 401k/403b vs T-IRA involves other issues covered elsewhere (TSP is formally not 401k, but follows similar rules).
As mentioned earlier, the TSP G Fund is a unique stable-value fund (SV) with its principal & accumulated interest guaranteed by Uncle Sam (most SVs are guaranteed by insurance companies; some by none, so check about yours). During the debt-ceili…
IMO, TSP holders should stick with the previous strategy of using the TSP stock and bond funds that are among the cheapest index funds around. TSP G Fund (SV) is also doing better (although not as good as TIAA Traditional). Use other funds (from Van…
Funds have distributions that include dividends and realized CGs. Stockcharts allows adjusted-prices (similar to growth-of-10K; use TICKER) and actual-prices (use _TICKER) for a dramatic effect on the same chart. As the link (using HBLAX for 10 yrs…
Addendum, 5/30/22. For the 3 funds in the M* example, FKIQX (nominal equity 38.59%, new M* MPRS 68.81%, Effective Equity 63.67%), RBBAX (20.44%, 44.21%, 44.75%), ACEIX (63.47%, 88.26%, 82.42%), both M* MPRS and Effective Equity systems lead to 1-not…
Yes, that nominal equity % over 5 yrs has carried over from old to new M* pages. But that doesn't explain, for example, OAKBX having 60.78-71.04% nominal equity range, but then having new MPRS of 92.97% (reference about 100% for SP 500) and Effectiv…
OLD ultra-short-term category disappeared after their collapse in 2008. They had relied on short-term HY in the belief - what could go wrong in 90-120 days. Plenty, it turned out - there was a credit freeze that made HY debt rollovers difficult and …
@BaluBalu, see GQG website, https://gqgpartners.com/about?scroll=node-485
Barron's also had a couple of features on Rajiv Jain last year (search) and more before.
Fido Screener is quite good.
It is the only screener I know that combines mutual funds and ETFs. Others have separate screeners for mutual funds (good) and ETFs (not so good).
Login is NOT required for search. Most others require login or subscrip…
See this thread. But basically,
In the OLD charts, Comparison tab has been inactive for quite a while.
In the NEW charts, the Interactive Charts feature (that leads to Comparison tab) works for Premium login, doesn't work without login, and the st…
Just be aware of risks of such merger arbitrage for BRK + Y.
There was a go-shop period for Y that has now ended. Stockholders' and regulatory approvals are pending. There are no breakup fees (so any party can walkaway for any reason(s)). Y was tra…
Bond market is just not believing what the Fed has been saying on rates. So, it is thinking that after 2 more 50-bps hikes and the start of QT, it may pause/stop. Even Atlanta Fed's Bostic (not a current FOMC voting member) said so. Treasury volatil…
4/30/22
In response to high market volatility, finally there was a noticeable shift from stock funds to bond & m-mkt funds. A tiny shift was also seen into hybrid funds. The changes from the last month are for a total OEFs & ETFs AUM of abo…
It is interesting to see how firms handle consolidation.
After the TIAA bought old Nuveen in 2014, the TIAA has branded its entire fund management arm as Nuveen (new name only and it has nothing to with the old Nuveen), but has also kept the old Nu…
NYSE A/D Line correlates well with the market. See this chart from this weekend Barron's (I comment on it only when there is something unusual - e.g. several weeks of up or down moves/runs).
@Ted_Turner, I just checked in logged-off mode and the Interactive charts are NOT available.
I see them in logged-in mode. As I have M* Premium, I cannot check availability for (free) M* Basic login. May be others can report on this. I haven't hea…
Nuveen muni CEFs had sold off sharply and their discounts narrowed a bit yesterday (their NAV moves were not as dramatic as their price moves). The ETF of muni CEFs XMPT top 5 are NAD, NEA, NVG, NUV, NZF with 32.39% of portfolio.
http://portfolios.m…
Energy may still have legs. If oil prices remain high, energy company profits and cash flows in a few months will be great. Energy still remains a tiny part of SP500 (See chart by Bespoke on Twitter) - but it doesn't have to reach its glorious past …
