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Post by alvinthechipmunk on Jul 16, 2022 14:26:29 GMT
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Post by oldskeet on Jul 16, 2022 15:01:27 GMT
Not sure that I will make a play on it; but, it has made its way on my watch list. OS
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Deleted
Deleted Member
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AGEPX
Jul 16, 2022 15:18:37 GMT
via mobile
Post by Deleted on Jul 16, 2022 15:18:37 GMT
DVYE is close in yield, if anyone is interested in equities. 13.67 SEC and 7.88 TTM.
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AGEPX
Jul 16, 2022 15:19:28 GMT
Post by uncleharley on Jul 16, 2022 15:19:28 GMT
Are Frontier Markets a little farther out than emerging markets?
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Post by yogibearbull on Jul 16, 2022 17:49:16 GMT
Don't trust unusually high 30-day SEC yields. An almost-defaulted bond may contribute to high SEC yield on the implied assumption that it will reach par but that may be unlikely.
Equity fund mismatches between 30-day SEC yield and distribution yield should also be suspect. They point to careless considerations of a distribution mix that may include dividends, short-term CGs and ROCs.
The whole idea of 30-day SEC yield is to put some uniformity in the yield quotes but suspect unusual values.
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AGEPX
Jul 16, 2022 20:01:01 GMT
via mobile
Post by chang on Jul 16, 2022 20:01:01 GMT
That chart… I have never touched EM bond, and never will. Why would anyone?
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AGEPX
Jul 16, 2022 23:30:34 GMT
Post by alvinthechipmunk on Jul 16, 2022 23:30:34 GMT
I did quite well with PREMX. (TRP) in 2010. But it's a completely different story, these days.
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AGEPX
Jul 16, 2022 23:39:01 GMT
Post by alvinthechipmunk on Jul 16, 2022 23:39:01 GMT
Are Frontier Markets a little farther out than emerging markets? Yes, indeed. There is a distinction. Frontier Markets are a separate sub-class. AGEPX has been on my watchlist. But I just read yogibearbull's words. Cautionary. ..... These are all sovereigns in AGEPX. Governments don't like to default even more so than corporations. But sometimes the spam DOES hit the fan: look at Sri Lanka right now. ...So, I've been eyeballing the fund. Very low cost basis at this point. On the other hand, when I look at the actual distributions, they're not much better that the domestic junk bond fund I own: TUHYX (TRP.) I'm holding onto it. I'm down to 20% of portfolio in bonds.
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Post by FD1000 on Jul 17, 2022 3:07:00 GMT
Comments: 1) Your link doesn't work but this ( one) does. 2) Yield is nice but total returns, which includes, all the distributions, matters much more. In fact, yield should never lead your decision.3) Do you really want to own this fund which lost already -18.7% and that includes all the distributions. Attachments:
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Post by alvinthechipmunk on Jul 17, 2022 4:57:46 GMT
Comments: 1) Your link doesn't work but this ( one) does. 2) Yield is nice but total returns, which includes, all the distributions, matters much more. In fact, yield should never lead your decision.3) Do you really want to own this fund which lost already -18.7% and that includes all the distributions. For me, a big consideration is cost basis, so I'm still keeping an eye on that little booger. no, i do not own it.
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Post by oldskeet on Jul 17, 2022 11:48:17 GMT
Additional comment. I may pair AGEPX with my American Funds Developing World Growth & Income Fund (DWGAX) to expand my space in the developing countries. At first brush I favor the fund as it makes MFO's Great Owl list. Thanks again for bringing it to the board. For me it is indeed an interesting fund. OS
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Post by FD1000 on Jul 17, 2022 13:13:29 GMT
Comments: 1) Your link doesn't work but this ( one) does. 2) Yield is nice but total returns, which includes, all the distributions, matters much more. In fact, yield should never lead your decision.3) Do you really want to own this fund which lost already -18.7% and that includes all the distributions. For me, a big consideration is cost basis, so I'm still keeping an eye on that little booger. no, i do not own it. What is the cost basis has to do with it? If you bought it 8% higher after it went down 10% already, you still lost 8%. It can go down more. But, even if you bought it right, you have to look at the future risk/reward compared to other categories. This PV(link) for 3 years shows that AGEPX has SD about 10 which is high but returns are pretty bad for this volatility and why Sharpe is extremely low, while PRWCX SD is a bit higher with much better performance. Basically, you have many options when you go with higher SD/risk. Attachments:
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AGEPX
Jul 17, 2022 18:22:47 GMT
Post by alvinthechipmunk on Jul 17, 2022 18:22:47 GMT
FD1000You're making way too much sense. Yes. In the end, it's Total Return that scores the points. There will have to be a big turnaround for me to actually buy AGEPX.... I now own just one bond fund: compared to peers at Morningstar, it sucks ass in terms of performance this year. But I'll just continue to reinvest the dividends. TUHYX. Other bonds in the portfolio include whatever is owned by PRWCX and BRUFX.
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Post by oldskeet on Jul 18, 2022 11:30:27 GMT
Hi guys. I have had a chance to do another look at AGUAX, the A share version. As I write, it is below it's 52 week high by 25.66 percent and continues to make new lows in the current investment environment. It's ttm yield is listed at 9.04 percent. At MFO it makes the Great Owl list with a risk score of 5 with a performance rating of 5. This fund may very well become one of the few spiffs that I have made (or will make) on the income side of my portfolio. However, I feel the time is not right for engagement. I will look at it again after the July FOMC action. I wish all Good Investing. OS
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