![]() ![]() The separator may be a String of any length. The NthField function returns the field value from the source that precedes the fieldNumber occurrence of the separator in the source. We can observe the collateral pool contains more than 1,000 names, and the duration bucket is an intermediate one, with a 6.46 years adjusted duration figure. If you need to parse binary data, use a MemoryBlock instead. The fund is extremely granular and has an intermediate duration: but broke many user expectations and some of those parts have since been fixed. This translates into a collateral pool that is driven mostly by rates. Maybe best if xojo had a boolean parameter there TextChanged(byUser As boolean) where by user is true if one entered text in the field, otherwise this was from a. ![]() We can observe from the above table that below investment grade bonds are very limited in this fund (ratings of Ba1 and below). Treasuries and Mortgage Backed Securities are AAA assets, while the rest are bucketed as follows: The fund holds an array of mostly investment grade bonds: A retail investor would do well to Sell here and swap into AGG. While we expect the fund to have a positive performance on the 12 and 18 months timeframe, there is no reason to sit in TOTL because it is neither here, nor there in terms of returns or fees. In our mind TOTL does not bring anything new to the market, and furthermore it charges much more than its generic peers. An investor should not forget that only a year ago this very same fund was yielding around 2%. In the investment grade / treasuries world 40 bps in added returns matter. It comes with examples for performing a 'diff' on two adjacent texts, and for using its syntax highlighting engine with other types of edit. It is ideal to show and edit Xojo / REALbasic (RbScript) code, for instance. TOTL charges 5x in fees, yet it fails to produce better risk adjusted returns. CustomEditField is a set of classes that are primarily designed to display source code and similar structured text, such as XML. Most generic funds these days charge less than 10 bps in fees, which is a substantial change from a number of years ago. Some investors that layer in complexity via funds that fail to produce historically better risk adjusted returns when compared to simple indices end up shooting themselves in the foot.Īnother trend we are witnessing in the ETF world is the significant contraction of charged fees. Simple portfolios often prove to be the best choice. This underperformance is also done with a much higher management fee (0.55% for TOTL versus only 0.04% for AGG).Ī retail investor needs to understand that funds outside the generic ones need to prove themselves in order to be bought. On a long term basis the ETF underperforms both the Vanguard Total Bond Market ETF ( BND ) and the iShares Core U.S. Unfortunately for TOTL, it fails to do both. The SPDR DoubleLine Total Return Tactical ETF ( NYSEARCA: TOTL) is an exchange traded fund that tries to replicate or outperform the Bloomberg US Aggregate Bond Index. We have not witnessed risk free rates this high in over a decade, which will make 2023 the year of bonds in our opinion. The forward SOFR and Libor curves are telling us market participants expect much lower rates starting with 2024. Given the rise in the yield curve and expectations for a Fed cut later in 2023 or in early 2024, we are going to explore further the fixed income universe, especially the one tilted. Why? Because highly rated bonds are driven by rates primarily, and with rates at decades high it is a good time to consider buying IG fixed income: If you’re not sure, write us, we are here to help and usually respond very quickly.Given the rise in the yield curve and expectations for a Fed cut later in 2023 or in early 2024, we are going to explore further the fixed income universe, especially the one tilted towards investment grade bonds. Discussing these things on the forum can be helpful but in order to officially let us know about a problem, please create a new issue.įor Customer Support, please contact us via email at Contact Customer Support for general questions about licensing, questions about your account, technical support, etc. Use Issues to let us know you have a bug or feature request for Xojo, the Xojo documentation, our website, or an example project. Here are some tips for using Issues: When do I use Issues? Some users have asked “how do I find the bugs I have reported” or “how do I search for an issue number” and if you haven’t used this system, those may not be obvious. The system brings a lot of improvements and more visibility, but there are some changes. Issues is a web-based system you can find here: Recently Xojo made the switch to using Issues for tracking bugs and feature requests. ![]()
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