Bruce
BRUFX has done ok at -3% ytd.
I getting these funds from
20 Equity funds with the best capture ratios over the entire market cycle from Feb 2020 issue here.

S&P 500 is down 12% from the pear as of Feb 12, 2020. That is less than 2 weeks ago.

While Pence fumbles around with this, attempting to stifle all communication to the public, Nikki Haley will step in as VP on the 2020 ticket.

Not to worry. The genius has it all covered.
Engage Information Suppression Engine

PIMIX is invested at over 75% in securitized. A good replacement fund is VCFAX with about 90% in securitized. JMUTX+PUCZX are more diversified.
So, I would rate these 4 funds as follow. If you want lower SD then go with VCFAX, if you want better performance then go with PUCZX (its higher SD is still relatively OK)
Look at PV(link)

FD,
Why do you suppose PUCZX was down 0.38% yesterday? I do not recall this much movement.
Mona

Hi @expatsp
Yes, supply chain remains a very valid circumstance. One item next (1) is more timely and critical for what has already started in U.S.; and the other (2) not so much, but provides a prospective, too.
1. I don't recall exactly, but a U.S. manufacturer; reported that their (electronic product) production is okay; except for final assembly and out the door to their customers..........well, because the needed final assembled power cord is from China, they are out of this item and apparently don't have a back up supplier.
2. The NHL players, and likely semi-pro and some college level are managing the use of their hockey sticks; as the PRO/individual/custom level sticks are 75% built in China. No inbound, replacement sticks.
@rforno noted previous about reaction to the POTUS news conference.
Lastly, and related to COVID and the president's news conference Wednesday evening regarding same. By chance, I was working in a separate room and had Bloomberg tv dialed up. I decided to watch. Pretty sad. A tiny overview from the press corp questions and what is the normal wandering around a subject to distract and deflect. Blamed so-called concern with the virus towards CNN, MSNBC and Dems. and fake news. Pelosi is incompetent, etc. The link below is a short read.
A few of the words from the conference.
Take care,
Catch

PIMIX is invested at over 75% in securitized. A good replacement fund is VCFAX with about 90% in securitized. JMUTX+PUCZX are more diversified.
So, I would rate these 4 funds as follow. If you want lower SD then go with VCFAX, if you want better performance then go with PUCZX (its higher SD is still relatively OK)
Look at PV(link)

mortality thus far seems mostly dependent on response of own immune system, whose overreaction appears to be what does the killing, chiefly, lung lesions and so on.
https://www.washingtonpost.com/health/2020/02/19/how-coronavirus-kills/
pneumonias yes also, so be sure you are up on pneumvax and prevnar.
in general not adequate medical care, so far as we know.
what would that be, short of a vaccine ?

https://www.kitco.com/news/2020-02-26/Gold-ETF-holdings-hit-record-high-amid-coronavirus-worries.html
Gold hit records highs
Holdings of gold by global exchange-traded funds are at a record high as investors sought safety from recent weakness in equities and worries about the coronavirus hurting the global economy, analysts said.

Some predictions whole world will get virus...thought we learned something new here
https://www.google.com/amp/s/www.cnbc.com/amp/2020/02/25/us-health-officials-say-coronavirus-will-likely-cause-a-global-pandemic.html

This cornavirus could become pandemic. Everything is globally connected and this could slower growth or even recession.
https://cnn.com/2020/02/25/health/coronavirus-pandemic-frieden/index.html
Look like a train wreck in slow motion.

I honestly hope this virus runs its course shortly and dies away on it's own.
Well, now we're at this point; where the general public, who hasn't been paying attention are going to have reports shown more frequently on their tv's. The below two, are the pronouncements that go past the algo trading or whatever else one chooses to determine "profit taking".
I continue to watch data reports regarding COVID-19, and this in itself is troublesome. And as has been discussed previous, supply chain issues in many market areas; and also to the point of further restrictions in travel, via whatever means. Visa/MC have reduced profit estimates from just 1 month ago, as usage will be down. And what about the Walmarts and $ stores; among all of their product lines. A simple example is that 85% of all toys/games related are imported from China.
Sanofi and Gilead have noted, among other researchers; that any type of successful vaccine is generally anticipated to have about a 12 month time frame
I'm not going to drag this further.
WHO press conference, 'Now is the time to prepare', Feb. 24
CDC warns of 'severe disruptions', Feb. 25
There is no mercy in the equity market place at this time, as; even our healthcare and med. tech. is getting the big head slap, which are our only equity exposure at this time.
Lastly, if you have an alternative view of this post; please comment. I'm only writing about what I interpret to be the current circumstance. Other viewpoints are needed.
Seriously.....take care of you and yours,
Catch

First post. Hello all. I think this disease will effect mkts a lot. I have most everything at TRowe inc. my Roth and 403b. Have been in PRHSX and PRGTX along with PRNEX when prices drop for energy or the fund fall into the low 30s at least. Few weeks ago I move most everything to PREMX and PRULX just keeping some shares of the others to keep them open. I got bit a few times when funds closed....
I have been stalking you all here for a few weeks and know many of you just sit tight and rebalance but I do feel that moving things to bond funds like I have when I have made good gains and the market seems to be about to burst works for me. Of course if GTX drops down to the $14-$15 range I will shift again perhaps. I know I have missed some gains the last 10 years but am still above 8% and some years more still. I am in my mid 40s and need to build not just maintain. Wife's things are with Janus because it sounds like her mom's name (you should see her pick the final 4 LOL) Thanks for adding me, I have been looking for a place like this. Split my board time here and on WUS.

@Derf
We don't do dice for investments and the Magic 8 Ball is in the shop for repairs.
I will check Khan Academy for die rolling data outcomes relative to investments.
@WABAC
2019-2020 flu season data was noted here recently; but this is the current data for week ending Feb. 15
--- CDC estimates that so far this season there have been at least 29 million flu illnesses, 280,000 hospitalizations and 16,000 deaths from flu
However, traditional flu season illness or deaths have not affected our investment portfolio in the past. Obviously, my death from influenza related conditions would have an impact on portfolio decisions.

Just as a quick update:
we had a very long talk that covered a lot of ground.
The shortest version of his investment strategy is to buy and hold "global champions," which he defines as companies whose pricing power is supported by a network effect. A simple example would be MSCI. The more that investors get used to seeing MSCI benchmarks for their investment products, the more valuable the MSCI brand becomes. That means that more firms will have an incentive to use MSCI and MSCI will have the ability to raise fees as above-market rates.
"Global champions" are good compounders, because they tend to be high quality businesses committed to sustaining long-term relationships with clients (which is what accounts for the consistent and consistently rising income flow).
Options are a small but valuable part of the portfolio. The casino mentality that we see in the equity market also rules the options market; lots of people are trying to use options to create leveraged bets in the hopes of getting rich quick. As a result, options sell as a premium. He reports that the long-term return of equity options is about 200 bps above the long-term return of equities. He might buy an option on a stock they were already thinking of buying or sell one on a stock they were already thinking of selling. The net effect is cheap upside in the one case and cheap downside protection in the other.
The apparent over-exposure to the financial sector is sort of illusory. A bunch of "finance-lite" companies, such as MSCI, FTSE, insurance brokerages, payment processors, operate as virtual global duopolies with low capital costs, a network effect that serves as a barrier to entry and consistently growing income. They don't have a lot of interest rate / credit risk exposure but do get classified as "financials."
Finally, his strategy is to remain fully invested because he's not good at timing the market and doesn't believe anyone else is, either. He holds a lot of cash occasionally, but only when the returns on cash exceed the projected returns on stocks. (He cited 2007 as an example.) The mantra is "if you're looking to buy great companies with good long-term prospects, the best time to invest was ten years ago, the second-best time is now."
Thanks, too, to Dennis Baran for ferreting some of this stuff out in advance of the interview!
For what interest that holds,
David

https://seekingalpha.com/article/4325257-pdi-and-pci-update-to-greatest-bond-funds-of-all-time
Pdi And PCI: An Update To The Greatest Bond Funds Of All Time
Feb. 21, 2020 7:00 AM ETPIMCO Dynamic Credit Income Fund (PCI), PDIPGP, PHK, PIMIX...
The NAVs have done better in the last 30-45 days as the dollar has rebounded against the euro and pound. PDI's NAV was ranked 16th out of 22 last year.
They are defensively positioned within traditional corporate credit and investing in areas of the economy that they feel offer more downside protection.
While PCI remains a key income generator for my portfolio and the Core Portfolio on Yield Hunting, we have not been adding to it.
We have been saying that the best days for these funds are behind us. However, that is not to say they aren't still great core pieces of my portfolio.
The NAV for us will be key. If we feel the NAV is no longer outpacing the distribution on a monthly basis, we could be re-assessing our position in the shares
Thx Catch 22 for the pdi recs..bought it last yr and very happy w it mama portfolio

Feb 21, 2020 Episode:

Fidelity Study Link:
fidelity/retirement-mindset-fact-sheet.pdf

@Tarwheel, you are correct, M* puts PTTFX in the Intermediate Core-Plus category but I would call it MS(Multi Sector) light.
The best risk/reward category over the last several years is securitized.
M* says that PTTFX has over 50% in it and it's the biggest category.
VCFAX has about 90% in securitized...JMUTX 49%...PUCZX 32%...IOFIX 90+%.
Portfolio Vis (link) shows that VCFAX,JMUTX,PUCZX have better performance, SD, Sharpe, Sortino.

DODIX is a top fund in the Intermediate Core-Plus category. I like to show how a good Multisector fund can have better performance, SD=voltility and why Sharpe+Sortino are higher.
See 3 year performance at PortVis(link)
See the chart (here)

Since, equities have had a strong run during the third and fourth quarters of 2019 I've had to buy in the fixed income area of my portfolio to help maintain balance within my asset allocation. This month, I added to my muni income fund (FLAAX) with it being the best performing fund within my income sleeve year to date with a total return, as of 2/20/2020, of 2.65%. The sleeve's next best year to date performer was LBNDX with a total return of 2.49%. My income sleeve's total return for its rolling twelve month period was found to be listed at 8.25% with its yield, about half that, at 4.13%. The three best performing funds within the sleeve for the rolling 12 month period were LBNDX +10.98%, FLAAX +10.32% and PGBAX +10.06%.