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.
According to the statute (see p. 1966 out of 5593!), this 2021 "stimulus" check is an advance of a tax credit on your 2020 return - same as the last check.
You can't file your 2020 tax return before January 27th, which is why I think the IRS is …
Dole, Mixed Tropical Fruit Syrp Passn Fr, 15.25 Oz - slightly different name, same size, same ingredients, same nutritional content, same product of Thailand. (Label says "in light syrup and passion fruit juice".)
Amazon Pantry: $1.21 per can, unit…
" ... (DODFX), which currently has around 6% of its assets in emerging markets." Link
DODFX has always kept a healthy slug of money in EM. As of Sept. 30th, M* reports that of the fund's 98.71% in equities, 16.09% are in emerging markets. That w…
I guess OK to hold in a taxable account then, unless they happen to capture a ton of Capital gains.
It's an ETF of ETFs (largely bond ETFs or broad equity index funds from Vanguard, iShares, etc.), so it shouldn't be passing through much in the way …
One won't know until after the end of the year, when the ETF can calculate the exact numbers, how much of any distribution consisted of ROC. Until then, all figures are estimates:The Fund will provide disclosures, with each monthly distribution, …
It was a nice find, while recognizing that the material is just marcom. Unlike legal filings, it's not to be taken literally. Does anyone think that FGDFX literally "has 'equal weight exposure to the five five [sic] Disruptive Funds'"?
Of course…
I'm assuming that @Crash means that PTIAX's R² calculated relative to Bloomberg Barclays U.S. Aggregate Bond Index is substantially higher than the category's R² calculated relative to that same index.
While 39% is certainly higher than 16%, the nu…
"The author does mention that this price performance ignores dividends"
"Something seems off with your chart, as $10k in Jan of 1973 into SP500 reinvested was back to $10k by early December '76"
According to Wikipedia (IMHO not the best data sourc…
I completely agree with the idea that many people should pay more attention to living and less to making a living. And if you're one of the fortunate minority at risk of dying with a surfeit of cash, there are many worthwhile things you can do wit…
It is confusing and very messy when dealing with portfolios of all different maturities, coupons and ratings (different yield curves). That's why it's easier thinking about these questions with a single bond or a homogeneous portfolio of bonds all…
It might help to get back to basics and look at individual bonds.
Simplest case: a one year bond sold at par (face value), maturing in a year, and paying a 1% coupon at maturity. So you can buy the bond for $100, and at the end of a year it return…
My point with those funds (which do make an interesting list) is that value simply hasn't performed as well as blend, let alone growth. Lewis made this point as well in asking whether you were disappointed with the fund or with value in general.
…
https://institutional.fidelity.com/app/proxy/content?literatureURL=/9898959.PDF
Using the above link, on pages 17 and 18 Fidelity explains the investment process and the portfolio construction parameters of their Disruptive Funds.
...
It also st…
People are offering many good fund names. Though they are all over the map, e.g. global, growth (notably Morgan Stanley), EM. High risk, low risk. More clarity on what you're interested in would help.
For example, you are sick of waiting on v…
The names are so similar it's hard to keep them straight. The only reason why I even found this was that when I checked the only ticker I knew for the old Julius Baer funds, BJBIX, I discovered that it wasn't one of the funds you had originally po…
the Category (Foreign Stock Funds):
Yowza! Dramatically different returns for both "Gold" funds in the same M* category.
MSF for our discussion purposes...my DODFX data was from the December edition of Morningstar Fund Investor magazine (dated 12/20…
Would not a portfolio of half VIGAX and half VIVAX be a more "agnostic" portfolio than VOO or VTSAX?
VIGAX + VIVAX ≈ VOOG + VOOV = VOO
Further:one of the design goals [of S&P] is to construct a Style index series that divides the complete mark…
The S&P 500 is designed by committee to be "representative" of the US market. So it is not a collection of the 500 largest companies, though it resembles that list.
Given that the objective of the S&P Committee is to represent the market,…
Generally and simplistically speaking, index providers (e.g. S&P) simply rank stocks from 100% value to 100% growth, and put the "left" half into value and the "right" half into growth. It's all relative and they're agnostic as to where an obj…
"As of Dec. 1st DODFX results:
YTD -{3.0%}, 3 years -{0.1%}, 5 years +4.5%. Negative returns for 3 years is "Gold?"!
"Compare that blow out performance to the Category (Foreign Stock Funds):
YTD +7.1%, 3years +3.7%, 5 years +7.3%"
Compare that to …
"DODFX is a mediocre FLV stock fund that has only kept pace with IC+ bond fund DODIX for the past ten years.
ISTM that you're rolling up multiple factors into a single number. Over the past ten years, DODFX has turned in four star performance. …
That is one troubled fund collection of funds. (Did you miss the change of a fourth fund, from Select International Equity to International Sustainable Leaders? Or did I not catch your post?)
From Julius Baer to Artio to Aberdeen to a sustainab…
You're right, I read too fast. Still it is interesting that DODIX is not positioned for rising rates while DODFX appears to be. Different teams but same family.
"Clearly DODFX is positioned for a rising rate environment."
I'm not so sure about that. Over the past few years, it had been positioned as a short term fund (see M* historical style boxes here), but in 2020 it extended its duration into intermed…
@stillers +1 (though I might recalculate the three year std dev after adjusting for the March 2020 outlier)
"I agree with stillers that beyond the 3-year threashhold DODFX has outperformed DODIX. Yet, according to Lipper, at the 10-year point their…
CTFAX makes sizeable changes in general, not only relative to the S&P 500. Between its annual report p. 68 (period ending Dec 31, 2019) and its semiannual report p. 43 (period ending June 30, 2020), it decreased its allocation of fixed income…
Much of the turnover in BAMPX appears to be coming from Strategic Income Opps fund (1805%) and to a lesser extent Master Total Return (556%). Total guess....perhaps short term paper purchases? A fund of fund's turnover, like a "regular" fund, is cal…
For WYSIWYG, use and around the text.
In looking at comparable funds, you might also consider ANFFX. It might seem that I found this by looking for a fund with a similar objective: "Seeks growth by investing in companies that can benefit from i…
" My understanding is the "team" environment is given the multi-fund structure. When it comes to allocation, it is meant to be equally allocated to the underlying funds... "
You're right. I asked where your erroneous understanding came from. Ap…
IOW, you can't substantiate your mistaken claim and you expect me to do that for you.
To repeat what I wrote above: Fidelity's prospectuses are typically vague, but this one more than usual.
Perhaps with more diligent investigation you would disco…
Wow. A focused fund ("normally hold[s] a core position of between 20 and 30 common stocks") no less.
Prospectus
Gives a whole new meaning to "investing with conviction."
"Portfolio turnover is greater than most funds due to the investment style…
When it comes to allocation, it is meant to be equally allocated to the underlying funds...
Source? De facto ≠ de jure
Prospectus:
Investment Objective
The fund seeks long-term growth of capital.
----
Principal Investment Strategies
Normally …
All I can say is that the holdings came up fine for me with relatively recent versions of Firefox, Chrome, Edge, and IE, though pulling up the holdings failed on an older browser. I wasn't even logged in to M* with those newer browsers and I went …
It may depend on the browser. I sometimes use an old browser and I find more and more basic features of web pages (not just M*) are gradually disappearing. (The sites are modernizing their pages.)
For example, the front page of the NYTimes no l…
Do you mean any other funds of funds, or funds in general?
You may remember the Strong Advisor funds of the 1990s and early 2000s, with their turnover ratios of
60.3% (Small Cap Value, 2000),
87.8% (Opportunity Fund, 2001),
88.1% (Internatio…
