sam
Lieutenant
Posts: 123
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MALOX
Jan 28, 2023 3:23:37 GMT
Post by sam on Jan 28, 2023 3:23:37 GMT
I happened to own this fund in Taxable account for last 13 years. Total cumulative pre-tax return is 90% ($100 investment is now $190). I did have to pay tax on distribution each year. I did not deduct taxes in terms return calculation as too much time consuming. I assume it will decrease return to like 50%.
Manager is still over weight in USA.
Any goods reason to own it. Long term manager Dennis Stattman retired few years ago. It is institutional shares. I don't want to be fund collector. Most of times flagship funds from mainstream brokerages like Vanguard Wellington/Wellesley or Fidelity Balanced or Puritan or even T rowe price (PRWCX) beats these so called very special funds (institutional shares of load funds) like MALOX or SGIIX over long time ( 10, or 15 years or longer time periods).
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MALOX
Jan 28, 2023 9:50:16 GMT
Post by racqueteer on Jan 28, 2023 9:50:16 GMT
I think you've answered your own question, sam. MALOX has been a pretty ho-hum allocation fund for a long time. So 'meh', in fact, that I haven't had the inclination to even look at it in 20 years! I doubt you'd miss it.
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MALOX
Jan 28, 2023 13:24:12 GMT
Post by yogibearbull on Jan 28, 2023 13:24:12 GMT
Foreign and global funds have lagged for years although they started rallying in 2023. A lot depends on dollar - strong dollar cuts into returns for the US investors, weak dollar helps.
Global-allocation peers may be SGENX/SGIIX (for better or worse, it always has some gold-bullion exposure), TIBAX/TIBIX/TBLD (it is an unleveraged CEF cousin; Edited), CAIBX, etc.
Mult-asset funds with more domestic orientation are FMSDX, VPGDX, etc.
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