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If A shares are already load-waived at a brokerage (e.g. Schwab), what is the advantage of owning the D shares if both A shares and D shares have the same ER?
@TheShadow, thank you very much. I was able to explicitly link the ST account. I was expecting that this to have been done automatically when ST account was transferred to TDA.
@Maurice, @PennyBonds, Thanks for your replies.
I just logged in TDA - I see only one account that originally existed at TDA. I don't see the another account (transferred from Scottrade) in the Account list box located at left-top.
I have an account with TDA and also had an account with Scottrade. When I logged in TDA today, I don't see the the assets that should have been transferred from Scottrade to TDA. Anyone else has seen this problem?
Thanks, @TheShadow. I did buy CNRYX few months ago at Scottrade with a transaction fee. Scottrade mutual transaction fees are lower than Fidelity, Schwab and TDA. I've not found any brokerage where this fund can be bought without the transaction fee…
@PBKCM, can potential share holders buy the Institutional class shares of your fund directly from your company at a low initial investment (e.g. $2K) with a monthly AIP commitment like some other mutual fund houses (e.g. Seafarer, Grandeur Peak, Ron…
I think it means the fund star rating is extrapolated from the history of another fund class that existed prior to the fund class that has the hollow stars.
Thanks, @openice. I had seen Mark's post before I posted my questions, but when I searched for CNRYX at Scottrade, nothing showed up. I will call them.
1. Has anyone purchased the Y shares (CNRYX) directly from the transfer agent? When I called them, they said only N shares (RIMIX) can be purchased directly from them and the Y shares have to be purchased through an advisor.
2. Are the Y share avail…
One more question:
>>"AMG Managers Cadence Emerging Companies Fund (MECAX) announced an unusually large reduction in their management fee, from 1.25% to 0.69% as of June 1, 2017. At the same time, the expense ratio cap will fall from 1.42% to…
Hi David,
Thanks for the great commentary.
In the "Launch Alert: 361 US Small Cap Equity ASFQX" section, the commentary mentions that:
>>The “I” class shares of the fund carry 1.26% expense ratio, with a $2,500 minimum initial purchase. “In…
I know how hard it is to get everything correct when you post the commentary every month (I work in the software industry). I appreciate the hard work you and the MFO team put in to get the commentary out every month.
This month's commentary includes two fund profile references:
Observer Fund Profiles: ARIVX and TILDX
http://www.mutualfundobserver.com/2016/05/may-1-2016/#Observer_Fund_Profiles_ARIVX_and_TILDX
In the past, these fund references used to be links …
Why on earth would managers own any stock that will have truly no impact on their fund?
I have wondered about about this issue, too. Mathematically, if a funds holds more than 100 securities, some of them will have have less than 1% impact on the p…
I look forward to David's commentary every month. I love good content even if it is long. Thank you, David and the other authors.
Having a Table of Contents at the top with links to the topics discussed in the commentary will help those who don't w…
Thanks, cman. You were right. After I refreshed the page the image showed up.
Thanks, Ted, for the valuable and very helpful comment about my vision. Keep up the good work.
>>"Nothing comes close to MFLDX record over the last 3 and 5 years."
I just compared BPLEX and MFLDX at M* for the 5 year and 3 year periods ending yesterday (3/24/2014).
For the past 3 years, MFLDX beats BPLEX:
$10K invested on 3/24/2011 wo…
I don't think the values for 1 day change until the end of the day. That just shows the older quantitative dynamic graphical format was much superior to the current static textual format. I'm hoping users will complain to M* using the M* discussion …
Ira,
Thanks for pointing out this information at M*, but I still prefer the quantitative, color coded graphical and single-glance view of the market that the Barometer offered. Also, do you know if the 1 day values on the page that you pointed out …
I used to like Royce funds for small-value investments 10-15 years ago (late 90s to mid 2000s). Now they are just a mutual fund business that is putting their interest in gathering assets (an collecting fees) ahead of their shareholders' interest of…
I like both Schwab and Fidelity. Schwab has more load-waived funds and Fidelity has better and easier cost-basis reporting for each mutual fund that you own. One problem with Schwab is that they show the cost-basis that includes the dividend reinves…
I talked to Schwab again today. It looks like all HSBC funds and all classes (A and I) of each fund are only accessible to the "institutional" investors. So we are out of luck as Schwab. If anyone else knows how to get into the HSBC Frontier fund, p…
I just talked to a Schwab representative at length about HSFAX. He was also surprised that this fund is marked as OneSource and NTF, but is only available to "institutional customers" - the customers that "have an adviser". He asked me to call tomor…
Reply to @Ginko: Thanks. I had tried placing an order for HSFAX at Schwab and I got "We cannot process your order because shares for this fund are only available to institutional customers". I will call them to see if this is a web site issue.
How can someone get into the HSBC fund A class shares (HSFAX) without paying the front load? Or get into the institutional class (HSFIX) without investing $1M?
Reply to @BenWP:
I also noticed that few Frontier funds, including MFMIX, WAFMX, HSFAX, HLMOX, did quite well (relatively). But how does one get into MFMIX (Institutional class) without investing $5 M? One can invest in MFMPX (class A) with lower in…
Today: Mon. 2/3/2014
Markets:
Dow -2.08%
S&P 500 -2.28%
Nasdaq -2.61%
Russell 2000 -3.21%
10 yr. bond -3.26%
Gold -0.28%
EFA -2.04%
EEM -2.83
VIX +16.46%
Alternative ETFs/Mutual Funds:
Global X Guru Index ETF GURU -2.92%
Barclays S&P 500 …
I just called Meridian to see whether there is a way to invest directly with them. Unfortunately that option is no more available. It looks like there is no way to open an account in the Legacy class (MSGGX) for this fund. In fact, there is no way a…
