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Post by chang on May 24, 2022 14:05:16 GMT
FSUTX is a rare Fido Select fund with the same Harvard-educated manager at the helm since 2006 ( link). Normally, I would consider the ultra cheap ETFs (0.05-0.08% ER) which track pretty much the same, over any actively managed fund charging 0.74%. But the Fido fund seems to grind away and get just a little bit ahead of the ETFs, which can you can in the 5-10 year charts. It must be doing something right if it can overcome the ER and still beat the ETFs. Any interest in this? |
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Post by uncleharley on May 24, 2022 16:08:16 GMT
FSTUX seems to have an edge over my fave UTG. FSTUX has roughly dbld in price over the past 5 yrs while UTG has gained about 80%. The disty for FSTUX is about .1% higher than that of UTG. I will stay with UTG because I like to trade at an intraday price rather than at the EOD. But FSTUX is certainly a candidate for the utility sector.
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Deleted
Deleted Member
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Post by Deleted on Jul 28, 2022 10:45:20 GMT
Chang - utilities have been pricey for awhile. I like them and am reinvesting dividends, but not making new purchases. When they come down and have yields of 4%+, I will add. As far as selling FSTUX - depends on your holding period? There is a good chance equities in general will perform better this second half. Utilities are steady income, but they are capital intensive. Things to weigh. If you want an allocation to the utility sector, why not keep it? If your holding period is long - 10+ years, you won't even remember this discussion.
I don't think UTG is a comparison as it uses quite a bit of leverage. I started a small position in it - actually right around when UH last sold his position - which it sounds like he is back in. It hasn't changed much since then for me. I am looking at it for income and will add as warranted. So far so good with my one and only CEF.
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Post by chang on Jan 27, 2023 1:01:59 GMT
Utilities / FSUTX have not been a stellar performer in my IRA. (But UTG remains popular among CEFs.) I am simply revisiting this account and wondering whether to leave it alone, or eliminate the utilities exposure and allocate to other funds.
TIA for any input from others who follow the sector.
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Post by uncleharley on Jan 27, 2023 2:21:56 GMT
I am currently out of Utilities, but my portfolio is concentrated and tends to focus on what is currently moving rather than taking a long term view.
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Post by Fearchar on Jan 27, 2023 12:39:09 GMT
My entire career has been at a Utility.
Of course that does not make me an expert, but I do pay a little bit more attention.
Sadly, reading thru previous comments, I was struck by the intelligence of our deleted member.
So, gave her a thumbs up as she made a good point and was obviously following utilities better than I.
Anyhow, I did a quick comparison between FSUTX and XLU on my TDA account.
They provide access to New Constructs, which is AI firm that reviews and ranks financial statement.
It's pricey: $999/mo for the basic plan and $3600/mo for premium.
New Constructs doesn't like either FSUTX or XLU; as they are both ranked in the bottom quintile.
However, looking deeper, FSUTX does have a portfolio with fewer unattractive companies.
So, yes I agree that they earn their management fee!
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