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☆ This Morningstar 5-star rated high-yield fund seeks to 'stand out by not fitting in'
▼ + stars: | 2024-02-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.

Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo

☆ Jeremy Grantham's GMO launched its first ETF with top portfolio managers. Here's what's in it
▼ + stars: | 2023-11-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Jeremy Grantham's investment firm is taking its first steps to enter the world of exchange traded funds, debuting a new offering modeled on one of Grantham, Mayo, Van Otterloo's crown jewel mutual funds. The GMO U.S. Quality ETF (QLTY) launched last Wednesday, marking the investment firm's first ETF. The new ETF will be managed by the same team that helms GMO Quality III mutual fund ( GQETX ). The QLTY ETF should see a similar turnover rate of around 20% to what the mutual fund has, he added. Jeremy Grantham, GMO's chief investment strategist, is not directly involved in the new ETF.

Persons: Jeremy, Van, Tom Hancock, Hancock, Jeremy Grantham Organizations: Quality, helms, Morningstar, Microsoft, General Electric Locations: Grantham, Mayo

☆ Investors can grab yield exceeding 5% with this bond fund Morningstar calls 'one of the best'
▼ + stars: | 2023-10-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The actively managed fund, which trades under the ticker FBND, has a 30-day SEC yield of 5.41%, according to Morningstar. FBND's total return year to date is -0.83%, as of Monday, according to Morningstar , which gives the fund four-stars. It has a trailing 5-year total return of 0.87%. So on a risk-adjusted basis, it's really, really strong," he added. When rates started to go up, the team bought the long end of the Treasury yield curve.

Persons: Morningstar, It's, Mike Mulach, Celso Muñoz, we've, Muñoz, Ford O'Neil, we'll Organizations: Fidelity, Bond, SEC, Morningstar, Bloomberg, Bond Funds, Muñoz, Federal National Mortgage Association, National Mortgage Association, Bank of America, Treasury, Federal Locations: outperformance

☆ Investors can get a 5% yield with this corporate bond fund
▼ + stars: | 2023-08-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's income to be found these days in corporate bonds, and the Invesco Corporate Bond fund is one place to look. The actively managed fund invests mostly in U.S. corporate bonds, a majority of which are investment grade. That's because the fund also has a small portion of high-yield corporate debt holdings. Some 74% of the holdings are in U.S. corporate bonds, as of June 30. For example, Netflix and Occidental Petroleum had high-yield bonds that were upgraded this year, he said.

Persons: Matt Brill, Brill, ACCBX, He's, Morningstar, Thomas Murphy Organizations: SEC, North, ING Investment Management, Netflix, Occidental Petroleum Locations: North America, U.S

☆ Where Paul Wick, seasoned tech stock investor, is raising his bets now
▼ + stars: | 2023-03-12 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

So when a position opened up at the Seligman Communications and Information fund, the firm's then-chief investment officer asked Wick to take it over. Today, the Columbia Seligman Technology and Information fund (CCIZX) that Wick began running on New Year's Day in 1990, has $8.5 billion in assets under management. "It's really hard to guess how will the technology industry change in five years. By now, Wick has relationships going back decades in the tech industry. As of January, the Technology and Information fund held 2.96% of its assets in Bloom, up from 2.36% in October.

☆ The 60/40 portfolio: Why one wealth manager thinks the strategy is coming back and her tips for using it
▼ + stars: | 2023-01-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Gina Bolvin thinks the 60/40 portfolio will make a comeback in 2023. But the Bolvin Wealth Management Group president has some specific tips for investors considering the strategy after a down year. That will help the 60/40 portfolio once again perform an effective investing strategy, she said. "I'm fascinated that after one horrible year, I've seen advisors are saying the 60/40 portfolio is dead. "The 60/40 portfolio has a good long term track record, so one year isn't a trend."

☆ How an intellectual approach and a whimsical mascot helped lead to this fund's number one ranking
▼ + stars: | 2022-11-29 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

"We are sort of a little low-key like a fox," said Hoffman, adding that the animals are also excellent hunters. "In down markets we really prove the benefit of the kind of slow, steady, conceptual and intellectual approach that we take," said Hoffman. Fund history and strategy Marshfield Associates is a Washington D.C.-based firm founded in 1989 by Niemczewski, who's now joined by Hoffman and another principal, Chad Goldberg. While Morningstar classifies the fund in the growth category, Marshfield regards itself as value-oriented with a stress on company quality. "I think what you're seeing this year is the outcome of what happens when you have an investor like us, that is very different from the market," Hoffman said.

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