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.
Yes you can front run it but it boils down to investor behavior and psychology during a steep crash.
Before the puts are triggered SPD would be down 30% plus inline with SPY. Not a lot of people would be buying into this fund at this time.
This …
I found the below 2 articles useful
- https://seekingalpha.com/article/4443699-spd-s-and-p-500-index-fund-with-extreme-downside-protection
- https://www.optimizedportfolio.com/spd/
yogi
I thinks options overlay is an appropriate descriptor for this fund because as you pointed out that is exactly what it is -- an options based hedge on an equity baseline. MFO gets data from Lipper
SFHYX otoh unlike JHEQX can go short, use leve…
SPD is 98% equity and 2% deep OTM puts. It is designed to protect against deep drawdowns which the current one is nowhere close to. From latest peak, SPY is down around 9% which is a garden variety type correction that based on the last several deca…
This fund has 2 share classes, total AUM per MFO is 278M. The high fee is no doubt a factor towards the small AUM. The inception to date stats for this fund are very good too
Inception: 200410
Life APR=7.2, SP500 APR=11
Max DD=16.9, SP500 Max DD=50…
Yea transaction fees definitely a bummer but imo(this is strictly my $0.02, everyone needs to determine what works best for personal situation there isn't a one size fits all) not investing in a stronger fund due to transaction fees is a bit of tail…
SFHYX has been referred to in other threads. Here is the website -- https://www.hundredfoldselect.com/ Below has been lifted from the site
----
Managing alternative strategies, seeking steady returns and controlling risk
The Hundredfold Select Alte…
Respectfully I disagree. Hindsight is always 20:20 of course but here are some stats on VWINX and a few others over the last 3 year period. I have not looked at the 5 and 10Y stats but pretty sure that other funds have done better than VWINX in term…
I'm with Schwab now(due to RIA, not by choice) but Fido is hands down the best of Vanguard, Schwab, Fido. For CS and amount of DIY features on website. Also free wires.
Vanguard and Schwab are technology Luddites.
You should be able to transfer PR…
I have a large(for me) position in JHQEX and am overall happy with it. Logan Kane in Seeking Alpha and https://www.optimizedportfolio.com/ have good write-ups on SPD. I did dabble in one of the buffered(15%) ETF's but sold out of it because I'm not …
Hank
I don't follow u comment.
Personally I consider ~10% corrections as garden variety and am not interested in a hedge against those. It's bigger ones that I would like to hedge against and SPD is designed for bigger drops.
SPD is also designed…
Leaning towards using SPD as a hedge because it protects against steeper drops and more importantly removes the human emotion out of the "When should I sell my hedge and buy back into the market"
@hank ty for your feedback.
I'm about 55% in Alts and 25% US and Foreign equities. My alts are chugging along fine, no losses (getting Madoff'd certainly a risk). I am looking for a hedge to my equity exposure.
I’ve searched and searched the possib…
Reviving this thread!
Fund BEARX in Cycle 4(200009 to 200710) had an APR of 11.5 vs some others as listed below
- VBINX: 4.3
- VGSTX: 7.3
- VTSMX: 2.7
I have no idea whether we are entering a period comparable to Cycle 4 but I do believe that we …
Given that those 4 items have generally been true for most of the last 40+ years, they're just background noise at this time. I suppose one could get into the weeds of the ebb and flow of those 4 items and discern whether there is any pattern but I …
Huss has been bearish for a loooong time! When was he last not bearish? I owned his funds many moons ago too but finally departed. Very much a broken clock right twice a day situation.
Thanks much @AndyJ.
Yeah - I owned HSGFX & HSTRX about the …
@wxman123 -- Bank MM funds yield around 0.4 to 0.5%. FDIC insured so 100% risk free. Are you expecting your near cash holdings to provide a higher return?
I compiled all the funds listed on this thread(except two, see my prior comment) into a watch list so that I could run some metrics.
(1)Total of 42 Funds ranging in age from 1.9 to 39 years. Youngest is BLNDX and oldest is PRPFX
(2)Top 2 lowest Max…
Is IQDAX in liquidation? Ticker is not recognized by MFO Portfolio
https://www.infinityqfundliquidation.com/
@Sven -- I was not able to find TMSDX. Is that a typo?
This is a great thread, appreciate everyone's views. Personally I use rolling 36 month stats to gauge a fund because I do not believe a 12 month eval period(even one over many years) is indicative. Bill Miller outperformed S&P each year for 15 o…
I enter 2022 as per below. I plan to increase positions in SFHYX, ARBIX, TRAIX, NTSX and start a position in SVARX
Alts - 59%
US Stocks - 18%
US Bonds - 11%
Intl Stocks - 5%
Intl Bonds - 2%
Cash - 5%
Positions I hold in decreasing order of positio…
I have accounts at Fido, Schwab and Vanguard. Vanguard site is overall the worst of the three but imo Schwab has the worst customer service. Pretty rare for me to get hold of a human with less than 30 min wait no matter the day or time and Schwab's …
COTZX has done well over the life of the fund -- 19 years, Sortino=1.14, APR=8.3, Avg 3 Year Rolling APR=7.2 but I personally would not treat this as a bond sub given the max DD of 42.4% in 200902 and an Ulcer of 7.3.
Imo PRWCX has better risk adju…
No major moves for me. Considering starting a position in SVARX and increasing position in SWAN.
Also toying with playing the option premium game via Robinhood.
@Mark -- yes that is correct. I am invested through a RIA. Minimums will vary depending on RIA arrangement with Schwab but can be as low as $1.
Before anybody asks, to be clear I am not hawking my RIA and have no intent to share my RIA's name here …
I used the term jockey as a synonym for manager skill which is key to this fund because it invests in a broad array of non-mainstream asset classes.
Interesting to know that neither ticker appears on Schwab public sites. So either Schwab shows fund…
Have never owned UNIQX because I bought NICHX after UNIQX closed. NICHX is just a few years old but the Sharpe and Sortino ratios are extremely high and max DD is quite low.
The fund does buy "exotic" stuff so jockey experience is key.
I do not have any business relationship with this fund or any other fund. I'm invested in this via Schwab at a significantly lower amount through a financial advisor. I don't have $1M to invest into a single fund.
No proof of accreditation was soug…
