Is Poagx a good fund?
Is Poagx a good fund?
Overall, PRIMECAP Odyssey Aggressive Growth ( POAGX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a somewhat weak choice for investors right now.
Is Poagx closed to new investors?
The Vanguard funds are all closed, so this is the only opportunity still open to new investors.
Is Primecap Odyssey Aggressive Growth Fund closed to new investors?
Unfortunately, it closed to new investors back in 2004. However, PRIMECAP also manages its own funds. PRIMECAP Odyssey (MUTF:POGRX) and the PRIMECAP Aggressive Growth fund (MUTF:POAGX) are a close match to Vanguard Capital Opportunity.
How do I invest in a closed fund?
With a closed-end fund, investors buy the fund by purchasing shares in the secondary market through their brokerage account, just like they would for an individual stock or ETF. Demand to buy or sell shares of closed-end funds leads to price fluctuations in those shares.
Can I buy a closed fund?
Closed-end funds trade just like dividend stocks on a stock exchange or in the over-the-counter market. Investors can easily purchase closed-end funds through their brokerage accounts.
Can you sell closed-end funds?
You can buy or sell closed-end funds through all types of brokerage firms, including full-service brokers, discount brokers and on-line (Internet) brokers. In each case, you pay your brokerage firm a commission for the services provided.
Are closed-end funds a bad investment?
The bad side of a closed-end fund is when the fund’s managers use their closed-end structures to collect high fees from their captive investors. Many closed-end funds are all about collecting high fees from investors: initial offering fees and egregious management fees.
What are the problems with closed-end funds?
Just like open-ended funds, closed-end funds are subject to market movements and volatility. The value of a CEF can decrease due to movements in the overall financial markets. Interest rate risk. Changes in interest rate levels can directly impact income generated by a CEF.
What is the downside of a CEF?
Many CEFs borrow money to buy securities. That can boost yield by adding to the number of holdings in a CEF that are paying dividends, interest or capital-gain income. But it can also magnify losses. If interest rates rise, longer-term bonds and additional rate-sensitive securities will likely lose value.