I have looked on both the company site and *star and cannot find what the current yield for this fund.
Any suggestions on where else to look?
Thanks.

DGoodrow said...
GLRBX is a 50/50 balanced fund...much more to my liking,..
If you're comfy with that fund co. and management,you've got to like JAZZX . The James Long-Short Fund has out performed GLRBX since its May 2011 start.http://www.jamesfunds.com/fund-overview.php?fund=JAZZX A L/S strategy would be a good diversifier as would the previously mentioned Precious Metals.Also you could use E M debt and the M L P /infrastructure space.Also look @ David Glancy's PYSAX or PVSAX. He has a good record and often holds 15-20% cash,mostly for an unforeseen opportunity.Use RSIVX for your 1-3 year expenses .
Scott has often mentioned the need for infrastructure investment across the world and many of the funds specializing in that space are up nicely this year.$$ cost ave. into your chosen alternatives and re-balance @ your comfort level.
From $4 Tril to $9 Tril in next 10 years.
http://news.yahoo.com/global-infrastructure-capital-spending-hit-9-trillion-2025-040519158--sector.html
E M debt for the brave.
A number of companies have plans to sell dollar-denominated bonds, including the US$1.5 billion unsecured notes proposed by state-owned oil and gas giant PT Pertamina; $450 million bonds by coal miner PT Berau Coal Energy and $175 million bonds by property developer PT Pakuwon Jati, among others.
Pertamina’s notes, which are offered with 6.45 percent coupon rate and will be due in 2044, obtained a Baa3 rate from Moody’s Investor Service. Under the rating, the obligation is seen to have a moderate credit risk.
“The outlook of the rating is stable,” Moody’s wrote in a statement published on Friday.
And The Braver!
Troubled coal miner PT Berau Coal Energy released late on Thursday a prospectus highlighting its plan to sell up to $450 million in debt papers
Proceeds from the bond issuance would be used to refinance its $450 million bonds, which were issued in 2010 and are due to mature next year
The new bonds will mature in five years and will be offered with a maximum coupon rate of 12 percent, the prospectus reads. That compares with Berau’s 2010 bond coupon rate of 12.5 percent.
Berau, one of the major coal miners in the country, is struggling to manage its liquidity as the global coal outlook remains uncertain.
The coal miner reported $10.18 million in net loss during the first three months of the year, leading to worries over the company’s ability to pay its debts.
Amid concerns of rising private sector debts, Indonesian companies are continuing to seek external funding in foreign currencies to support expansion or the refinancing of previous debts.
Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Sat, June 21 2014, 2:47 PM
http://www.thejakartapost.com/news/2014/06/21/firms-sell-dollar-bonds-despite-rising-concerns-over-private-debt.html

EVBAX is no load in TDA IRA's, probably in regular accounts, but I didn't check there.
So far as ER's go, isn't RSIVX >1%?

@AndyJ
You be The Man, Andy, you be The Man. Here's a cookie for the RSIVX smile.
Under Consumer Discr, you will see Lee Enterprises, 9.5%, 3/15/22. Google this with Cohanzick Investment Management, and in this pile (you've have to do some sifting) you'll find an SEC doc, describing the creation of this debenture by private placement memorandum. It was solely created with some of our money, pooled with monies from 3 private equity firms (secured senior lien loan, no more and probably less worrisome than anything else in the portfolio). So, congratulations; if you were not already, we are now proud owners of private equity debt. Hey, "money good," right? :)

Agree with Dave. I didn't realize RP does commentary; haven't found any on the site.
One amusing bit from the semi-annual report, which is basically the 3-31-14 listing of holdings: RSIIX-RSIVX lists 5.2% in energy, among which is Checkers Drive-In Restaurants. What of the "burgers, fries, cola, wings, fish, hot dogs, the Big Chicken and more," I wonder, packs the most energy?

I had no investment that was up yesterday, although I had several that had no change, including PIMIX, DODIX, MWTRX, SXFIX and RSIVX.

Vanguard also allows for an exchange into the institutional versions of RPHYX and RSIVX without incurring capital gains. Schwab does not permit investors to make this exchange. Also, at Schwab, while you can sell RPHYX you obviously cannot use the the proceeds to buy $100K of RPHIX since it is soft closed.
Off topic, but if GPROX ever hard closes, my understanding is that Vanguard will allow investors to continue to invest in the GPROX through a previously set up AIP; Schwab will not.

Mona- According to Schwab: 1.25% for RSIVX and 1.00% for RSIIX

At Fidelity, you can build up a stake in RSIVX to the $100k minimum for RSIIX and then request a conversion, which does not require a TF.

Hi AndyJ,
What is the ER difference between RSIVX and RSIIX?
Mona

At Fidelity, you can build up a stake in RSIVX to the $100k minimum for RSIIX and then request a conversion, which does not require a TF.

Just noted: "RIVERPARK LOWERS MINIMUM INVESTMENT ON INSTITUTIONAL SHARES OF ITS MUTUAL FUND FAMILY TO $100,000 FROM $1 MILLION"
http://www.riverparkfunds.com/downloads/News/RiverPark_Lowers_Institutional_Share_Class_Investment_Minimums.pdf
For those who didn't want to pay the Schwab fee, it seems the RiverPark folks have made the Institutional shares somewhat easier to reach if you buy the shares directly from RiverPark.
RPXIX RiverPark Large Growth Fund Class Institutional
RPXFX RiverPark Large Growth Fund Class Retail
RLSIX RiverPark Long/Short Opportunity Instl
RLSFX RiverPark Long/Short Opportunity Retail
RPHIX RiverPark Short Term High Yield Fund Class Institutional
RPHYX RiverPark Short Term High Yield Fund Class Retail
RSIIX RiverPark Strategic Income Fund Institutional Class
RSIVX RiverPark Strategic Income Fund Retail Class
RSAIX RiverPark Structural Alpha Fund Institutional Class
RSAFX RiverPark Structural Alpha Fund Retail Class
RGHVX RiverPark/Gargoyle Hedged Value Fund Retail Class
RGHIX RiverPark/Gargoyle Hedged Value Instl
RWGIX RiverPark/Wedgewood Fund Class Institutional
RWGFX RiverPark/Wedgewood Fund Class Retail

Cohanzick Management (David Sherman, Riverpark subadvisor) has a website now. No deep details, but some visuals to show what is and what may be. A re-emphasis of the fact that all their investments are speculative (and anyone who has done any recent data mining on RSIVX holdings should know he ain't whistlin' Dixie in Pleasantville NY on that score; "special opportunities" indeed--- yowzah!).
http://www.cohanzick.com/

If I already own FPACX and FPIVX, should I even worry about buying any more FPA funds? Thinking FPRAX seems overkill and FPPFX seems "has been". Leaves FPNIX as a diversifier to RSIVX.
Does anyone out there own FPNIX?

If you are a short term investor, L/S health funds may add value.
As boomers become geezers, it's more important to select your manager, or just buy the health fund index. These ERs don't make sense over 5 or 10 years.
If you think health care funds are currently overpriced, buy RSIVX and wait for your entry point. Health care funds have to gain over the next decade, if any class of funds will. I really think the growth will extend beyond the decade.
The re-entry for biotech, if you are out, is more problematic, but that is where the most growth will occur, since the individual companies have a pricing advantage for their successful products. Unless there is a major change in health policy, these are funds to buy and revisit yearly. Either average in or buy on a major market dip.

I'll probably be around 15% - 20%of my overall portfolio in WMCNX and one of the above funds, with the rest stocks with a small slice of RSIVX for short term needs. I'm relatively young (40) and not terribly worried about near term volatility, just wanting to hedge a little...and I'm not a fan of bonds.

Thanks v much. Sentiments much appreciated; will try to see if it is worthwhile or sellable as an idea. I myself like such a short-term CB fund pitch. But it took six months to get back to breakeven from Sept 09, four mos from June of last year. So there is that. RSIVX may be too new to pitch. I might discuss VCSH with them, the etf for your suggestion, slightly more volatile. They also could just keep it in the bank and do better than an 8% annuity even with cola for at least, what, maybe a decade almost? (Not sure that's an option; don't know what the facility stipulates.) It is their fear of living past a decade that drives this, however unlikely that is with all their ailments. What to do.
Thanks again, just writing out loud :)

thanks much to both; will investigate RSIVX.

I'd suggest RSIVX. David's got a great write-up on it on this site. It's designed to kick off 6-8% a year in yield and made specifically with folks seeking an annuity-type yeild. I'm gradually shifting some of my retired mother's equity holdings into it.

I agree that RSIVX and OSTIX ought to be categorized the same, but I'd point out that M* is following the process as described, which is to place new funds based on prospectus, and funds with a track record according to holdings. The RSIVX prospectus, quoted below, pretty clearly puts it in MS territory.
The catch with new funds seems to be how long it takes them to look at holdings and reconsider the original categorization. From complaints on the M* discussion board, it looks like they've pulled back on frequency of revising analyst reports, so they may be getting slower on category reconsideration too.
And of course the real problem with OSTIX's fit in the HY category is that there's no category that's a close match for the investment strategy -- short duration high yield.
The Fund seeks high current income and capital appreciation consistent with the preservation of capital by investing in investment grade and non-investment grade debt, preferred stock, convertible bonds, bank loans, high yield bonds and income producing equities (“the Securities”) that Cohanzick Management, LLC (“Cohanzick”), RiverPark Strategic Income’s Sub-Adviser, deems appropriate for the Fund’s investment objective.

David, your commentary this month included some outstanding discussion of M* sometimes bizarre and often inconsistent fund category decisions. I was struck by the later discussion of RSIVX, which M* considers a Multisector Bond fund, but which is run very similarly to OSTIX, which used to be in the Multisector Bond fund, but was moved to the High Yield fund category not long ago. But RSIVX remains in the Multisector category. When you read or listen to the managers of these two funds, they are managing their funds with very similar goals and with not-dissimilar tactics and holdings. Conversely, RSIVX, whose name includes Strategic Income, is not at all similar to GSZIX, BSIIX, LSBDX, and other Multisector bond funds.
This is important to know for a couple of reasonx, one of which is to point out M*'s continued inconsistency and apparent inability to evaluate similar funds using the same process, let alone consider what the managers are actually doing and what the fund prospectuses say. The other reason is to stress to investors to put M* star ratings and analyst ratings near the bottom of considerations when they make decisions on selecting funds. It is important for investors to actually read the fund prospectus, yes, read it! That is the only way, for example, that you will discover that John Osterweis pegs the performance of OSTFX to the S&P 500, NOT to the arbitrary benchmark and 'best-fit' index M* uses, even though M*'s own data indicates otherwise.
For better or worse, M* is THE source for fund data. But relying on M* for categorization, comparable indexes, and similar items, without reading fund prospectuses and annual reports, can lead to frustration and misplaced expectations. David's excellent March commentary is required reading.