4 Actively Managed Bond ETFs: Are They Worth Their Fees? [View article]
Here is the basic info on the 30-day SEC yield (there's annual, distribution yield, and 30-SEC yield, so I'm not sure which one you were quoting in your message). A check of the PIMCO ETF, Vanguard and iShares sites lists for today the current 30-SEC yield of these three: BOND at 2.38%; BND at 1.58%; and AGG at 1.71%. None of these are income funds that offer a high yield, but Gross has been able over the years to stick within the basic confines of investment grade intermediate and offer up better total annual returns.
4 Actively Managed Bond ETFs: Are They Worth Their Fees? [View article]
Thank you for your comment.
The minimums noted in the article did not refer to the purchase of ETFs but to the institutional share version of the PIMCO Total Return Bond mutual fund (PTTRX). To purchase this institutional share PTTRX and get the 0.46% expense ratio requires in most instances a minimum purchase of $1 Million. However, as I note you can buy into these institutional shares (PTTRX) for a minimum of $100,000 using a Fidelity account or you can buy into PTTRX through Vanguard for a minimum of $25,000.
Like you, I don't know of any company that places any sort of minimum on the purchase of exchange traded fund shares.
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
Martin Frosa,
Thanks for pointing out the issue of currency risk, which I did not make a clear as I should have in the article. I've made your comment an Author's Pick so that others might be more likely to notice your helpful comment.
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
Overanalytical,
It's great that you are considering all of these implications. I am no tax account and would not be qualified to advise you. You will need to contact you investment advisor or tax accountant for more information regarding this.
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
No Free Cake,
My article clearly states the yield as "annualized yield" not the Sec 30-day yield. I took the yield number this morning from the WisdomTree Australia Dividend page. As we all realize this yield bobs up and down throughout the year depending on the market price.
I assumed knowledgeable readers on Seeking Alpha would understand what "annualized yield" meant. I think it might be a good idea, given your message, to quote both in my future postings.
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Hi Dancing Scorpion, it's good to hear that there's at least one other investor/librarian on SA. Yes, the world of books and libraries has changed dramatically as has the profession. It's a crazy world out there these days, in too many ways. Cheers.
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Hi Dancing Scorpion, the market has been so uncertain in so many ways since the first of the year. Up but for how long, with bonds and Treasury rates gyrating daily. I don't think I can provide any meaningful suggestion as to when to exit ETY. But many thanks for your comment.
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
PompanoFrog, you're so correct in what you detail about fixed income assets. The rise in rates will impact yield.
Looking at the total holdings of PCEF with its approximately 40% in equities and options, as well as the number of limited duration CEFs among its holdings along with the 19% of high yield/40% investment grade mix, the total PCEF package is, as I suggested, appropriate for a long-term core holding. And of course, not all of PCEF's yield comes from its fixed-income sleeve. I agree that the 7.41% yield on PCEF cannot continue. The mix within PCEF of fixed income and equities is, to a limited extent a stabilizer and one that a long-term, less active core investor would be attracted to.
Thank you for your very perceptive overview of my article.
4 Actively Managed Bond ETFs: Are They Worth Their Fees? [View article]
None of these are income funds that offer a high yield, but Gross has been able over the years to stick within the basic confines of investment grade intermediate and offer up better total annual returns.
4 Actively Managed Bond ETFs: Are They Worth Their Fees? [View article]
The minimums noted in the article did not refer to the purchase of ETFs but to the institutional share version of the PIMCO Total Return Bond mutual fund (PTTRX). To purchase this institutional share PTTRX and get the 0.46% expense ratio requires in most instances a minimum purchase of $1 Million. However, as I note you can buy into these institutional shares (PTTRX) for a minimum of $100,000 using a Fidelity account or you can buy into PTTRX through Vanguard for a minimum of $25,000.
Like you, I don't know of any company that places any sort of minimum on the purchase of exchange traded fund shares.
4 Actively Managed Bond ETFs: Are They Worth Their Fees? [View article]
Enhanced AlphaDEX-Based Sector ETFs With Attractive 5-Year Returns [View article]
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
Thanks for pointing out the issue of currency risk, which I did not make a clear as I should have in the article. I've made your comment an Author's Pick so that others might be more likely to notice your helpful comment.
Best to you and your investing strategies.
Carole
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
It's great that you are considering all of these implications. I am no tax account and would not be qualified to advise you. You will need to contact you investment advisor or tax accountant for more information regarding this.
Best,
Carole
Looking For Foreign Dividends? Consider This Australian ETF Yielding 6.02% [View article]
My article clearly states the yield as "annualized yield" not the Sec 30-day yield. I took the yield number this morning from the WisdomTree Australia Dividend page. As we all realize this yield bobs up and down throughout the year depending on the market price.
I assumed knowledgeable readers on Seeking Alpha would understand what "annualized yield" meant. I think it might be a good idea, given your message, to quote both in my future postings.
Thanks so much for your helpful comment.
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Looking at the total holdings of PCEF with its approximately 40% in equities and options, as well as the number of limited duration CEFs among its holdings along with the 19% of high yield/40% investment grade mix, the total PCEF package is, as I suggested, appropriate for a long-term core holding. And of course, not all of PCEF's yield comes from its fixed-income sleeve. I agree that the 7.41% yield on PCEF cannot continue. The mix within PCEF of fixed income and equities is, to a limited extent a stabilizer and one that a long-term, less active core investor would be attracted to.
Thank you for your very perceptive overview of my article.
Looking For A Core Holding? Consider This Fund Of CEFs With A 7.41% Yield [View article]
Don't Own Any High Yield Bonds? Are You Sure? [View article]
First Trust Offers Third Actively Managed ETF: Preferred Securities And Income [View article]