Hi Gary,
Yeah, I think we'll do good as long as the market goes up. I saw on Fido they added more info to the fund page. I like that. Also I own GLFOX in that space. Have for years. Looks like they don't clash too much as far as which countries they invest in.
God bless
the Pudd

I've used two for some time now, MGGPX a world fund and GLFOX a sector fund mentioned by WABAC which M* categorizes as a US Infrastructure fund but it's mostly not. I would love to hear the logic behind that placement.

It's mostly foreign, and classified as an infrastructure sector fund based in the US, just as MGGPX is a US Fund World Large Stock fund, i.e. a US based global fund.

What types of firms do infrastructure funds invest in?
Infrastructure funds primarily invest in energy, industrial, utilities, and telecom firms that hold long-duration assets that generate stable cash flows. Examples include toll road operators, pipeline firms, airports, cell tower owners, and electric and gas utilities.
What are the general traits of infrastructure funds?
Prior to the creation of the infrastructure category, most of the funds were classified as world-stock funds. Typically, these funds have about a 30% to 50% allocation in U.S. stocks with the remainder invested in firms domiciled in the developed world. These funds, on average, tend to exhibit lower beta relative to the market.

https://www.morningstar.com/articles/751882/growing-fund-choices-spur-4-new-categories

I've used two for some time now, MGGPX a world fund and GLFOX a sector fund mentioned by WABAC which M* categorizes as a US Infrastructure fund but it's mostly not. I would love to hear the logic behind that placement.

Nice list.
I sold all my Asian stuff. Too much excitement in that part of the world.
You might consider Lazard Global Listed Infrastructure GLFOX for a sector fund. Their definition of infrastructure seems a little broader than others. But it's a stable fund with a good dividend:

It invests at least 80% of its assets in equity securities of infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, ports, telecommunications and other infrastructure companies, with securities listed on a national or other recognized securities exchange.

The rating system used here calls it a Great Owl.
Grandeur Peak International Stalwarts GISYX is another small/mid growth fund. Dodge and Cox has a large world fund DODWX, and a large international fund DODFX. All three funds are low cost for their categories. I don't know if they're owls are not.

As noted before, often you don't need to rewrite the URL. Just put your ticker into the search box and it will (usually) take you to the brokerage page for your desired fund. For example, a search works for VFIAX or GLFOX but not for the institutional class GLIFX.
The modified URL does work for the latter share class though.
http://financials.morningstar.com/fund/purchase-info.html?t=GLIFX
https://mutualfundobserver.com/discuss/discussion/comment/117849/#Comment_117849

Hi Catch,
Thanks for the info. The muni thing.....just trying to do better than mm. Have bought TRBUX in that space. carew388 liked it also. Lots of quality stuff. Thanks for the Q update. Will use it in November thread.
New buys are: FSENX (down 2.6% today, so got some); also bought MLPFX and added to GLFOX. The chart is looking good. Might sell some healthcare soon the way it's running. Will try to pick some up later.....near elections, when it's cheaper.....hopefully.
God bless
the Pudd

@Puddnhead: I got out of GLFOX several months ago. 3 of top 6 positions are Italian, and the bulk of the fund's holdings are in European equities with negative YTD performance.
I took profits in DBC last week as commodities seem to have paused, though I could be wrong.

Hi guys!
Last week sold half my PONAX thanks to Italy. My thinking is I should have sold all of it. Also sold some GLFOX yesterday. Really disappointed in it. So, right now, am raising cash and waiting.
God bless
the Pudd

I'd add that semi-odd-duck GLFOX has started to show some signs of life after a rare period of underperformance. Classed as infrastructure, half utes, half industrials, 3/4 Europe, 30% midcaps ... It's US$ hedged, so the flattening out of the buck likely has something to do with the very recent uptick.

Rockstars: PCI & PDI
Holding above water: FCNTX, POAGX and PRGTX but that may have more to do with tech's run-up so far this year
Puzzling surprise: GLFOX. Down the most YTD at a time when I thought infrastructure might finally find some footing.

Hi guys!
Added a little to FTIPX and MAPIX on Friday. Also opened a small position in THOPX. I seem to be in a fund collecting mode again.....damn it. Looking over the portfolio.....some good things: BTBFX, PARMX, WAMVX did well I thought. Many did poorly, though not a surprise. The worst were RAANX, MAPIX, GLFOX, FSHCX and FLPSX. Moving on to other things.....lower dollar better for overseas holdings, yes? More U.S. debt means more dollars in the world, yes? Means lower dollar, yes? Also good for exports, right? Not so good for imports - China, Japan, South Korea, yes.
So, my next question is: could the world slow down because of this? My thinking is yes. Could we, instead of China, now be exporting deflation to the world with a weaker dollar? STOP! I need a longneck. This is getting deep. I'm trying to make this simple---we are importing inflation and exporting deflation like China did a few years ago, no? I know you guys are saying interest rates are going up. Yeah, but.....I think not so much cause we have the highest rates already...... and too high and everything will tank, no? So, saying all that ..... is this a double bottom we're looking at or a new lower level in the market? As things might have changed. More thoughts later......
God bless
the Pudd

I'd owned GLFOX for a few years, until it began to lose momentum middle of last year, then sold it and put the $ into ARTGX.
If I still had it in the port, I'd think about holding at least some of the position for now to see what happens in the near term. The U.S. rate train has slowed a bit in the past few days, and the dollar's come out of its funk (temporarily?), coinciding with a small bump up in GLFOX. I'd also look into what exactly is happening with euro markets, sectors, currency, and rates, which I'm not following closely right now. The currency hedge has certainly been a big downer for the fund over the past year.
Given the latest developments, it's possible it might turn into a buy sometime in the near future. An alternative to sell-all or hold-all would be to trim on this uptick, see how it plays out, and re-enter full position size if it breaks to the good ... sort of a hedged wait-and-see.

@Mark: I knew someone on the board held GLFOX. Thanks for chiming in. I am always looking for other ways to play infrastructure. FIW has done well in water. Will check out UTF.

Since December GLFOX’s chart has fallen off a cliff, and this after a long period of out performance. M* mentions lots of $ coming in recently, but doesn’t say it negatively. However, I wonder if a fund with 5.6 B in assets invested primarily in European infrastructure has become just too concentrated. Some of the companies held (there are only about 30 in all) have declined as much as 20% YTD, not a storm that felt anything like perfect to me. BTW, I’ve already voted, but I thought I’d still seek reaction.

GLFOX is on the chopping block - The Trump effect had little positive impact on this Global Infrastructure fund since the election.

Top 1/3 (34/99) over the past year (though dismal YTD). Here I am, again sounding like a broken record: this fund is currency hedged, so it will underperform as the dollar sinks. A likely event with Mnuchin talking down the dollar.
I unwind taxable positions slowly. It takes me a long time to decide to give up on a fund, and even then, I'm just as likely wrong as right. Some funds never regain their "magic", others do as conditions change. So far, GLFOX wouldn't even be on my sell list - a few (really) bad months under adverse conditions don't tell me its best days are past. Though my thinking is more oriented toward broad based funds and not sector funds. One might want to rotate out of a sector regardless of how good or bad an individual fund is.
As a long term investor, for me it's not so much a matter of taking losses as minimizing gains. So I sell just the highest cost shares at first, gradually selling more if a fund continues to prove to be past its prime.
I just liquidated one fund (at the beginning of 2018) that had continued to underperform. Yet another fund I own (and had sold some of the higher cost shares), has come back to 4 stars, meaning that it's outperformed recently (to recover its stars) and even long term has provided solid returns.
If the market takes a nosedive and I do have underwater shares in a fund on my "unwind" list, I sell them quickly, but in order to swap into a preferable fund, not to hold cash. I don't try to time these things.

Trying to make the best a a bad situation...
I am reviewing my taxable accounts and my positions (mutual funds) with the focus on holdings that have under performed over the last 6-12 months and have most recently tanked with the rest of the market. I will sell out of these positions (for tax harvesting losses) and re-position elsewhere.
GLFOX is on the chopping block - The Trump effect had little positive impact on this Global Infrastructure fund since the election.
Anyone employ Tax Loss Harvesting as a strategy?

I've always had a world stock fund as the core of my portfolio, SGENX was the first fund I bought when I sold my farm and thought it would be a good idea to start a retirement account before I blew it all. Jean Marie Evillard was the reason I bought this fund, but I have since gone with his successor, Abhay Deshponde at CETAX. Although SGENX is listed as an allocation fund, it held little in bonds, using cash and gold instead, to diversify. It also had a large cap bend that I have always sought to balance with a small or medium cap fund. EVGBX, GLFOX, Grandeur Peaks or HEOMX are some of the funds with managers I am or was willing to put money with in order to do this. And that is the crux of the matter, I started with the best manager and have always found managers in this sector I was willing to do business with. I prefer managing mangers to investing in an asset class.

I am sorry but those symbols should have been PRNHX, TBGVX AND GLFOX

Hi guys!
Hope all is well with all of you. I know it's been good here.....too much food followed by too many longnecks with family and friends. Moe and Larry were over.....big pow wow again. We all agree. We believe we're going higher this year. Just to catch up: opened positions in FLPSX and MAPIX. My midcaps were expensive on PE and book. FLPSX, not so, plus it had cash, so how could I not. MAPIX has very little Asia except Japan. Got lots there, so I needed this.
Anyways, back to the pow wow. We were kicking around some small funds. The Dukester really liked PREOX. Why? It's small......real small. We believe things will be getting better this year. So I can see his point. Small is good right now. Me? I like PVIVX. Why? It's concentrated and it's got some girls running it.....think diversification.....yee haw!!!! Moe and Larry? They like WAMVX. Can't blame them for that. It's the safe buy.
Talked to Santa after Duke cornered him....short chat, but we told Santa we believe. He just smiled, so I think he does, too. So, even though I don't make millions of dollars, my call: higher boys! Also, if you're thinking about Latin America this year, more elections there than in the last 10 years. Just saying......
Also, watch Italy this year if you own GLFOX. Elections also there.
Also, the slowest 3 months for imports are coming: January, February, March. We will now see what the weather did in 2017.
Also, the Dukester told me we did not wish anyone on the board a Merry Christmas and a Happy New Year! As punishment for this, I will penalize myself 1 (one) longneck every day for the rest of the week, and.....say Merry Christmas and Happy New Year to all!
God bless
the Pudd

Hi Skeeter!
Thanks for the x-ray. The 40% stocks will rise as money is added. As for the PE of 19.1.....no, I'm surprised it's so high. I have been buying things with low PE which is why overseas has grown so quickly. It is something I look at when buying or adding. As to how I monitor the portfolio, Fidelity has screens to do this. Think of it as a lower class of Morningstar. Also use Yahoo. There are no caps on a position. I try to move where there is value. But saying that, no more will the S&P index be 30% of my portfolio.....nor healthcare, as it once was. I'm less of a gunslinger now.....after all, I'm retired. This portfolio is just my IRA, taxable money is in CDs with Ally and MDISX. Mrs. Pudd's 401 is in TSP (Thrift Savings Plan). We will roll that into an IRA upon her retirement. Where I am positioning looking for value.....I will say most new money will go overseas right now. What would I share? How hard it is to wait for value (i.e., pullback or, better yet, a correction!) to add new money in a market that has parts overvalued, I believe. Returns? I want more than 4% for sure. I did do a primitive back test, but I'm not sure I remember the number, so I won't say.
Hi Derf!
Yeah, it's hard. Value is driving where I'm adding so it's mostly overseas. PARWX was still reasonable at about PE 15 a while back. I started in 7-12-17 with over 50% cash, so it's a journey. Right now, I'm pausing to get some coverage on my buys before adding again.....where is a correction when you want one? lol......
MikeM,
I see what you're saying. But, as I'm adding, things are getting skewed because of where value is. I will say this: the funds that have "done" next to them are core: VWINX, PONDX, FSPHX. These following funds are a core wrap around.....they would have to stumble badly to be sold: PRBLX, PARWX, GIBLX, FMIJX, GLFOX.
Art,
Yeah, you're right. Small caps were sold after the Trump Bump as they then started to deteriorate. In January, I thought them overpriced and still do, as with other parts of the market. As far as real estate, that fund is not typical in its holdings. That's why I like it....but that's just me.
God bless
the Pudd