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They are delaying till October 1st now.
I don't interpret it as having trouble, but the funds are in "quiet period" with SEC so they are getting everything in order before the funds start to being offered. It appears the opening date has been moved from August 11 to September 10. Look at how long the T Rowe Price Capital Appreciation and Income Fund was announced back in 2017/2018 only to open a year or two ago.
One feature of Morningstar MPRS (new Risk Scores in Risk tab) should be noted.Very old Morningstar risk scores were within the categories and were quite confusing to use.
Morningstar has been tweaking its stats.
Its current MPRS risk scoring system is no longer relative to the categories. It's an absolute scoring system that can be used to assess different asset classes as well as multi-asset funds. Of course, each Morningstar category would have typical MPRS ranges. This is also why MPRS results are quite similar to much simpler SD based risk systems.
https://pdfhost.io/v/E..d~yHtX_MStar_MPRS_102024
Weren’t you a victim of the SEMMX scam that it was a cash substitute in 2020? I wouldn’t touch any fund associated with the fellow that has run LCTRX since 1997. Investigate its punk performance in 2015 and why. I would stick with the guy that runs HOSIX who at one time worked at Leader. He has done an admirable job at the helm of Holbrook.FD mentioned a fund above for consideration--LCTRX. It is categorized as an Intermediate Core Plus bond oef, but it is very different than other funds in this bond oef category, in that it has a very low duration and very low standard deviation. This fund uses CLOs (Collaterized Loan Obligations) defined in Investopedia in the following way:
"Collateralized loan obligations (CLOs) are structured securities that bundle a pool of lower-rated corporate loans and sell them to investors in tranches. These investments, managed by CLO managers, offer an opportunity for investors to gain exposure to higher-than-average returns by assuming default risk."
I am curious if any other posters have opinions about LCTRX and the use of CLOs.
No fund achieved lower loss than 1.5% in 2020 + 2022 + performance over 4% sinceDT:I am now considering adding some very low risk bond oefs
Just to be clear, I'm not suggesting SEMMX/SEMPX, but the other, investment grade fund for the reasons I mentioned.Yep, I am very familiar with DHEAX, having owned it for years. I am also very familiar with SEMMX, also having owned it in the past, but dumped it after its terrible performance in the 2020 crash. I have not looked at it since Medalist took it over
Yep, I am very familiar with DHEAX, having owned it for years. I am also very familiar with SEMMX, also having owned it in the past, but dumped it after its terrible performance in the 2020 crash. I have not looked at it since Medalist took it overYou mentioned DHEAX in an earlier post, @dt, and I think it is right up your alley. SEMRX, the IG cousin of SEMPX/SEMMX, has tracked DHEAX closely since a management change in 2023, when Semper and a group called Medalist merged. In the last year, the DHEAX and SEMRX charts are practically indistinguishable, with barely a blip during the April swoon.
Might be worth a look for another holding in the DHEAX ballpark, if only to spread the risk a bit in what's been and may well continue to be an attractive space.
You may want to look into CBLDX, DHEAX, ICMUX, and RCTIX.
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