Replacement for RSIVX Multi sector bond fund. in a Roth ira fund purchased about a year ago. I wouldn't think of
RSIVX as a multi-sector bond fund, even though M* puts it there (IMO, incorrectly). [If it is multi-sector, then where are the sectors (PLURAL) that you see, M*? All I see is elevated cash and corp bonds, most of them being below investment-grade.... sort of like OSTIX, which you list as HY, and which has an even lower duration than
RSIVX]. Viewed as a short-intermediate HY bond fund, I think its YTD performance would still rate a middle-range disappointment.
For alternatives, see other funds mentioned here:
http://www.mutualfundobserver.com/discuss/discussion/comment/67243/#Comment_67243For recent discussion, see:
http://www.mutualfundobserver.com/discuss/discussion/22813/nathan-s-famous-hot-dogs-and-rsivx#latest@Ralph If you aren't incredibly yield-hungry, are more of a total return kinda guy for this one, and are looking for something more in line with what you thought you'd be getting with
RSIVX, I'd take a serious look at what
willmatt72 suggested with ASHDX (if you can get the D class in your Roth). The lead manager, Douglas Forsyth, has taken on some additional administrative duties recently, but everything he has done at Alliance has turned out very well for investors for quite some time.
For comparative purposes, go to this Compare graph from the Fidelity site I have set up for you, and fiddle with the YTD and 1 yr performance. You might find the results interesting/helpful. If you have other funds in mind and want to remove one on the list, simply click the big X next to the one you wish to vanquish, then enter your new one in the Add Symbol window. [remember to click on the various Tabs; a lot of additional info there]
https://www.fidelity.com/fund-screener/compare.shtml#!&fIds=RSIVX,ARTFX,PRHYX,ASHDX,OSTIX&tab=ic
Replacement for RSIVX Multi sector bond fund. in a Roth ira fund purchased about a year ago. Disappointed in RISVX PERFORMANCE-- YR. TO DATE =MINUS 1.67 % -- 12 MONTHS = DOWN 1.70 %
-- EXPENSE RATIO =1.24 %
I'am aware from M* 'QUICK RANK' TOOL OF A NUMBER OF MSB Funds that are in the BLACK for the same time frames,
and with lower.ER
However, I would appreciate any suggestions & advice from the pros here @ MFO.
Thanks
Ralph
Short Term High Yield Funds Can anyone offer a reason why ZEOIX is holding up better?
From a quick glance, the main reason must be that it's not as junky as
RSIVX. (See the yield difference and the credit quality distribution.)
Short Term High Yield Funds Bonds should return principal if held till maturity. Is there any risk that will not be the case for short term HY funds held for 3-5 years?
I am thinking about rising interest rate environment with falling bond prices. Can, for example RSIVX, be considered as good and safe investment, if held for 5 years, for investors who care about total return?
I never could figure out why so many here are enamored with
RSIVX, mediocre since inception at best and underperforming this year. As to your question - with anything in the junk bond market you have to think *default* It's not a given there would never be a default among the portfolio of this or that fund that holds junk corporates.
Short Term High Yield Funds Bonds should return principal if held till maturity. Is there any risk that will not be the case for short term HY funds held for 3-5 years?
I am thinking about rising interest rate environment with falling bond prices. Can, for example RSIVX, be considered as good and safe investment, if held for 5 years, for investors who care about total return?
Riverpark RSIVX & RPHYX I am still in RPHYX. I noticed that the NAV has dipped over the past year (it used to be consistently above $9.95, and now it's below $9.85). Also, total return now seems around 2.5% instead of 3+%, so they are below their original goal of 300-400 basis points above money market.
However, it is still relatively stable and giving positive return in excess of other cash alternatives, so my basis for holding this fund has not changed.
I passed on RSIVX since the additional risk/reward makes it more like other corporate bond funds -- of which there are many. Their stated goal was total returns in the range of 7-8%. The latest commentary linked above reports that RSIVX has a 7.7% yield to maturity, so maybe they will yet meet that goal. Personally I'm okay with the 2.5% at RPHYX and taking my risks elsewhere.
Riverpark RSIVX & RPHYX On RSIVX, I think it depends on whether you invest primarily for income or for total return. If the former, it still looks fairly good. One indicator: last December, in the HY selloff, it did better than its peers/near-peers of the short & junky persuasion.
If you look at total return, though, it's been bringing up the rear; it's actually negative on TR for the past year. Other short & junky funds, for example ASHDX (in that case, with higher credit quality) have done considerably better.
I'm more of a TR investor and adjust holdings relatively frequently, and I got out of RSIVX several months back. But then I'm almost completely out of HY at the moment.
I made the mistake of owning this fund (
RSIVX) for total return and saw that it couldn't maintain its NAV while distributing income. Its barely above water YTD, so I would call that disappointing given its goals. I own ZEOIX and ASHDX, which seem to be less volatile and holding up better in the current environment.
Riverpark RSIVX & RPHYX On RSIVX, I think it depends on whether you invest primarily for income or for total return. If the former, it still looks fairly good. One indicator: last December, in the HY selloff, it did better than its peers/near-peers of the short & junky persuasion.
If you look at total return, though, it's been bringing up the rear; it's actually negative on TR for the past year. Other short & junky funds, for example ASHDX (in that case, with higher credit quality) have done considerably better.
I'm more of a TR investor and adjust holdings relatively frequently, and I got out of RSIVX several months back. But then I'm almost completely out of HY at the moment.
Riverpark RSIVX & RPHYX RSIVX has had a pretty lousy last month (down about 2%) for whatever reasons (probably just that the high yield market is having problems), but for the year it's still only done about .5% worse than Vanguard's Total Bond Fund. I'd have to say that one bad month, which the manager has always insisted would be reversed because he's invested in "money good" securities, isn't enough to make me particularly worried.
Incidentally, my understanding of the fund is that the manager is confident that even in the worst-case scenario of bankruptcy he's bought securities that would be made whole in bankruptcy proceedings. Speaking as a shareholder, I hope he's right.
Riverpark RSIVX & RPHYX I found his shareholder's letters convincing:
http://www.riverparkfunds.com/Funds/ShortTermHighYield/Commentary.aspx and
http://www.riverparkfunds.com/Funds/StrategicIncome/Commentary.aspx.
They're both performing as advertised: RPHYX has been quite stable,
RSIVX less so, but the yield is good and I see no reason why the principal won't recover. None of the holdings have gone bankrupt.
RSIVX was advertised as a fund that would produce 6-8% yearly income and, despite fluctuations, end up with at least the same principal over a five year period.
I have my retired mother in
RSIVX. It pays almost as much than an annuity despite her advanced age, and unless it goes to zero, it will end up a better long term investment.
Riverpark RSIVX & RPHYX I reduced RSIVX and put some of the proceeds into RPHYX.
Riverpark RSIVX & RPHYX I've held RPHYX and RSIVX for some time. Is anyone backing away from these two and if so, why?
Nathan's Famous Hot Dogs and RSIVX RSIVX has struggled this year, that's for sure. I see other funds as better alternatives for total return, such as DLINX, ASHDX and OSTIX.
+1. The funds Will mentioned have considerably better Sharpes and up-down capture than
RSIVX. (It's in the same overall credit-risk category (~B) as those other funds, so it's an entirely appropriate comparison.)
Nathan's Famous Hot Dogs and RSIVX RSIVX has struggled this year, that's for sure. I see other funds as better alternatives for total return, such as DLINX, ASHDX and OSTIX.
Nathan's Famous Hot Dogs and RSIVX If you look back at David's profile, RSIVX aims for a 5 year investing period, during which it will aim to provide high income and at the end of the period at least break even on principle. So it accepts somewhat higher volatility. RPHYX is meant to be less volatile and lower return.
I'd give it a little more time.
Nathan's Famous Hot Dogs and RSIVX Many, including myself, considered RSIVX as the fund similar to OSTIX. However YTD OSTIX return exceeds 3% and RSIVX 4 times less. Both funds have comparable yields but the price of RSIVX bonds decline much worse eating up practically all income from its coupons.
Is RSIVX really good for income investors with its 6% yield? Should investor expect the price reversal for the fund in the future and for what reason? Otherwise the total return near zero is not very attractive.
