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Post by davidsherman on Jul 21, 2023 0:17:35 GMT
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Post by Chahta on Jul 21, 2023 14:22:13 GMT
davidsherman , as an investor of your funds I read these reports. But they are so technical they are difficult to grasp fully. As an aside, RSIIX and CBLDX seem to track opposite the 10 year. Is that because of duration? Also they are the only funds I see where the NAV changes $0.00 in a day but the value goes up by a fractional penny. Is that due to interest accruing?
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Post by davidsherman on Jul 21, 2023 14:53:02 GMT
davidsherman , as an investor of your funds I read these reports. But they are so technical they are difficult to grasp fully. As an aside, RSIIX and CBLDX seem to track opposite the 10 year. Is that because of duration? Also they are the only funds I see where the NAV changes $0.00 in a day but the value goes up by a fractional penny. Is that due to interest accruing? I have no idea as to performance of RSIIX and CBLDX in relation to the 10 year since it is not a comparable benchmark. RSIIX and CBLDX have much lower duration and maturity tenor than 10 year bonds. |
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Post by Fearchar on Jul 21, 2023 15:29:37 GMT
davidsherman , .... they are so technical they are difficult to grasp fully. ..... Agree that much of it was technical. However, towards the end of the report, notice that he stated the following: "we remain nimble. At the end of 2Q23, we had elevated levels of “dry powder”. If high yield spreads tighten and the market rallies, we may increase our level of dry powder to take advantage of what we believe will be a correction thereafter." |
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Post by Chahta on Jul 22, 2023 0:49:21 GMT
Yes I read that and understood. But much of the report is very technical.
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Post by mnfish on Jul 22, 2023 12:51:10 GMT
"we remain nimble. At the end of 2Q23, we had elevated levels of “dry powder”. If high yield spreads tighten and the market rallies, we may increase our level of dry powder to take advantage of what we believe will be a correction thereafter." Sounds like they're doing what a lot of us are doing. Holding cash @5+% waiting for better opportunities. |
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Post by Chahta on Jul 24, 2023 1:30:56 GMT
"we remain nimble. At the end of 2Q23, we had elevated levels of “dry powder”. If high yield spreads tighten and the market rallies, we may increase our level of dry powder to take advantage of what we believe will be a correction thereafter." Sounds like they're doing what a lot of us are doing. Holding cash @5+% waiting for better opportunities. RSIIX IS YIELDING 7.5% and CBLDX is yielding 6.5%. 23% cash being held. |
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Post by mnfish on Jul 24, 2023 10:59:48 GMT
Sounds like they're doing what a lot of us are doing. Holding cash @5+% waiting for better opportunities. RSIIX IS YIELDING 7.5% and CBLDX is yielding 6.5%. 23% cash being held. This is from their website - Monthly holdings as of 6/30/2023 - info.crossingbridgefunds.com/hubfs/RSIIX/Monthly_Holdings.pdfMoney Market Funds - 9.70% First American Government Obligations Fund - Class X, 5.015% First American Treasury Obligations Fund - Class X, 5.039% T Total Money Market Funds (Cost $25,754,424) |
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Post by Chahta on Jul 24, 2023 12:04:10 GMT
The 23% was from the Fidelity site. The 13% commercial paper may be construed as "cash".
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