comlb
Lieutenant
Posts: 67
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Post by comlb on Jul 3, 2023 22:29:46 GMT
Multi-sector fund with Agency MBS, Treasuries, Corporate bonds, and Asset backed securities. Next to no loans or agency RMBS.
0.55% fee for next two years, then 0.67% fee. Duration is at 5.2 yrs. Dan Ivascyn is the manager
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Post by steelpony10 on Jul 3, 2023 23:10:07 GMT
comlb , Nice find. Added it to my watch list, thanks.
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Post by chang on Jul 6, 2023 14:10:57 GMT
Is this an ETF version of PIMIX? Better suited for taxable accounts?
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Post by Chahta on Jul 6, 2023 16:09:31 GMT
ETFs are tax efficient for equities since they don’t have to sell stocks for redemptions. And they generally pay smaller qualified dividends. I am thinking bond ETFs don’t operate the same way. Bonds pay interest and rarely CG distributions. Might be worth finding out how bond ETFs handle selling bonds for redemptions.
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Post by roi2020 on Jul 6, 2023 17:55:51 GMT
Bond ETFs aren't especially tax-efficient.
Ordinary income makes up the majority of most bond fund's return.
Ordinary income receives the same tax treatment whether the wrapper is an ETF or mutual fund.
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Post by steadyeddy on Jul 13, 2023 21:10:15 GMT
Multi-sector fund with Agency MBS, Treasuries, Corporate bonds, and Asset backed securities. Next to no loans or agency RMBS.
0.55% fee for next two years, then 0.67% fee. Duration is at 5.2 yrs. Dan Ivascyn is the manager
How many ETFs/OEFs/CEFs can Ivascyn run? I am getting worried about talent spreading too thin.. It doesn't look like this is a clone of PIMIX - prospectus states that PYLD has no benchmark while PIMIX uses Agg as the benchmark. I suppose this will certainly deviate quite a bit from PIMIX thus a bit more risky. |
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Post by chang on Jul 14, 2023 14:20:07 GMT
Obviously this is a potential contender / alternative to PIMIX. It is, however, more expensive at the moment. In its short lifetime, it has slightly underperformed PIMIX. I guess it’s worth watching, to see if it takes off.
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